article thumbnail

Software outsourcing: interesting statistics, predictions, facts, and key players

Apiumhub

Additionally, it is anticipated that the software outsourcing market will hit $99B in 2024. We predict 2023 will be the tipping point when this trend takes root. The International Monetary Fund (IMF) predicts global inflation will peak at 9.5% before dropping to 4.1% According to many experts, there will be a worldwide recession in 2023.

article thumbnail

What IT executives are saying about vendor consolidation

CIO

While there is little doubt that companies have been cutting back on expenses generally in response to economic uncertainty, startups in particular have been feeling the pain of contracting budgets and reluctant investors. When we asked what’s driving that consolidation, finance-driven reasons were close to – but not at – the top.