Australia: The upcoming outsourcing market leading to PSI success story
IT outsourcing has undergone new positive changes to stimulate the IT business in Australia.
As per the latest statistics, Australian companies have joined the global rush to outsourcing. The annual study by Benchmarking and Sourcing Consultants, “ITNewcom” interviewed 60 executives at top IT spenders in Australia about their outsourcing intentions. It found that 75 per cent of organizations already outsource some of their applications while 85 per cent outsource some of their infrastructure.
PSI has leveraged this opportunity and now has strong foothold in Australia wherein we are serving industry leaders by developing solutions for work force management, asset management, real estate and hospitality industry. Some of our key solutions include Payroll Management, HR Management, Asset Management, Hotel Management Solution and Mortgage & Loan Application.
In its Australia IT Services 2012-2017 Forecast and Analysis study, IDC showed that the Australian IT services market is forecasted to grow from $15 billion in 2012 to $17.6 billion in 2017 at a compounded annual growth rate of 3.2 per cent for the five year period 2013-2017.These statistics clearly depict the potential of the Australian Market.
Substantiating the above growth, PSI market is growing almost at 100% YoY in Australia. This is the result of our relentless efforts for last 3 years. PSI has been successful due to its on time delivery and high quality of work. This has also helped us in converting our customers into loyal customers who are providing us repeated business.
With huge scope for IT outsourcing work in Australian market, PSI is there at right time. The business expansion potential would encompass the entire gamut of varied Industries. New age industries will try to emulate the world leaders in their respective areas. And PSI is all set to cater to these growing requirements.