Everest predicts decline in global outsourcing growth
Consulting and research firm Everest Group has predicted a slowdown in the global outsourcing growth rate over the next one to three years. The company said global outsourcing growth could fall as low as 1.9% by late 2019 from 3% by the end of 2016. Everest attributes the forecast growth decline to macro uncertainties, technological disruptions, and stiffer competition. The global services industry experienced continued growth in 2016, but the pace of revenue growth slowed from 4.5% in Q1 to below 3% at the end of 2016.