Price benchmarking of IT and business process services provide several
benefits to companies who choose to take more of a “profit center” vs. “cost
center” approach, according Alsbridge Inc., a benchmarking, sourcing and
transformation advisory firm. Alsbridge today released the results of 2013 price benchmarking survey the firm conducted earlier this year, in its report -2013 State of Price Benchmarking,
providing insight into the current state of IT and business process price
benchmarking on a global basis.
2013 State of
Price Benchmarking, is a result of survey conducted amongst over 664
sourcing buyers, providers, and consultants from global companies. The report reveals
an in-depth analysis of:
Over 80% of
companies engage in outsourcing to reduce expenses, gain access to variable
resources, increase time-to-market and focus on core competencies, says report.
“With the global economic crisis still in recovery, today’s business leaders
remain challenged to “do more with less” by seeking ways to streamline
operations, cut cost and become more efficient,” explains Alsbridge
CEO, Chip Wagner.
Alsbridge's research reveals that the total 2013 global outsourcing market is
nearly $1 Trillion with approximately two-thirds in Information Technology
Outsourcing (ITO) and one-third in Business Process Outsourcing (BPO). The
percentage of IT services currently provided by third parties, including
outsourcers and cloud providers, increased slightly to 25%, up from 23% last
year and 22% two years ago. This figure is expected to climb to 37%
within the next 3-5 years
“As the global economic recovery continues, IT and business process budgets
continue to grow, but slowly.” Wagner said. “The magnitude of outsourcing spend
is enormous and vitally important to companies as part of their overall
management strategy,”
Access the
complete report 2013
State of Price Benchmarking.
About Alsbridge Inc.
Alsbridge is a global consulting firm that provides data-driven sourcing
advisory and benchmarking services for IT, Finance and Sourcing
executives. We’ve helped
hundreds of companies reduce costs and get more value from their vendors. Our experienced consultants leverage
proprietary tools and information databases to identify and engage the optimal
vendors for your situation, negotiate best practice terms at fair market
prices, and improve the way you work with your vendors. Alsbridge clients utilize the most cost
effective and value added sources globally for IT infrastructure services,
hardware and maintenance, network services, software and maintenance,
application support and development, business processes and cloud services.
Alsbridge was ranked the #1 outsourcing advisor in the world by the
International Association of Outsourcing Professionals (IAOP) based on the
value delivered to clients. This
commitment to delivering value to our clients has made Alsbridge a distinguished
member of the 2010 Inc. 500 fastest growing privately held companies in
America.
EDITORS/WRITERS:
Journalists interested in covering the topic or interviewing one of our SMEs,
please contact:
Scott Tims
Office: 214-378-7970 ext. 278
stims@thepointgroup.com
www.alsbridge.com
