Offshoring is a growing market, according to Deloitte Research’s second annual global offshore survey.
The survey found that the number of global financial services institutions that have moved specific functions offshore has increased by 38% from a year ago.
The top 100 global financial services institutions – those that have market capitalisation exceeding $10bn – are expected to offshore about $210bn of their cost base by the end of 2005.
The survey report says that more than 80% of the world’s largest financial services institutions have undertaken offshoring initiatives.
