Top 20 IT Outsourcing Companies [updated 2021] - FortySeven (2023)

Top 20 IT Outsourcing Companies [updated 2021] - FortySeven (1)

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Brand Strategist, Digital Marketer, and Business Development Specialist. Strong professional with a Bachelor's degree in Business Administration (BBA) focused on Management from Latvia University of Life Sciences and Technologies.

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Over the years IT outsourcing industry has experienced sustained growth, with companies requiring more cost-efficient scalable solutions for the ever-growing technological needs and tech talent gaps. Remarkably, the number of mobile phone users in 2019 is 5.112 billion, up 2% to the past year, according to the 2019 Global Digital report. It gives huge opportunities for business growth and huge demand for Software development services.

According to Statista, IT services spending in 2020 is expected to exceed to amount of 2.32 trillion U.S. dollars. IT services covers the wide variety of professional services that are involved in the planning,management, and operation of IT processes, systems, software,and equipment.

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Nevertheless if you are an owner of the idea, product, startup, agency or even development company, which want to scale up the business, this list will help you to make a final decision on tough choice between IT companies.

This Top-20 was made according to such characteristics of companies as Team Strength, Transparency, Past History Work, Diversified Portfolio, Technical expertise, Strictly NDA Agreement as well as references and reviews at Goodfirms and Clutch.

  1. Bottle Rocket

Bottle Rocket provides such services as: strategy, creative, development, Quality Assurance, Maintenance & Support, Analytics, Project Management, Account Management, Platform Solutions. But the main direction of the company is still developing of mobile phone applications for iOS, iPad, Android.

Pricing: $200 – $300/hr
Location: United States
Employees: 50- 250
Founded: 2008

  1. Accenture

Accenture is one the most popular companies, which provides services in digital, technology, operations and consulting. Moreover, the company ranks No. 1 on the Thomson Reuters Diversity & Inclusion Index, which recognizes the 100 most diverse and inclusive workplaces in the world, that’s why young people from all over the world find the opportunity to work in Accenture as a great chance of career path.

Location: Ireland
Employees: 469 000
Founded: 1989

  1. ESKADENIA Software

The company is providing software solutions, focuses mainly on education, healthcare, insurance, telecommunications and entreprise. When creating a company in 2000, the main idea of the Eskadenia was to establish a world-renowned software development company providing distinguished software systems. ESKADENIA Software is a CMMI® level 3 certified company, that gives total transparency to the customers. It has branches in Jordan, UAE, and Sweden.

Pricing: $300+/hr
Location: United Arab Emirates
Employees: 50 – 249
Founded: 2000

  1. FortySeven Software Professionals

FortySeven Software Professionals is a leading European based ITconsulting, outstaffing and full-cycle software development company. Its’ HQ is in London, United Kingdom, and offices in Riga and Minsk. FortySeven is compliant with ISO 27001, ISO 90001 and transfers the Intellectual Property Rights.Company is providing such services as: Software Development, DevOps, Operations and maintenance, QA, Outstaffing, Audit and Consulting, outstaffing and augmenting development capacities by highly educated IT specialists with various expertise and skills. FortySeven Software Professionals has a significant experience working in regulated markets, providing services for Fortune 500 companies, banking and fintech industry (PCI DSS compliance), as well as to the state oil and gas companies (ERP).Various cooperation models are well-adapted to projects of any size and complexity.

Pricing: $30 – $100/hr
Location: London, United Kingdom; Minsk, Belarus; Riga, Latvia
Employees: 300+
Founded: 2008

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  1. KitelyTech

The KitelyTech provides the full spectrum of software services, including: Web Design, Web Development, eCommerce Design & Development, Mobile Applications Development and more. It’s not a big company, but significant is that among the customers there are such brands as Discovery, Rolls-Royce, British Land, Periscope.

Pricing: $100 – $149/hr
Location: United States
Employees: 10 – 49
Founded: 2008

  1. Deloitte

Deloitte is known as a traditional and old company, that mainly provides such services as audit, consulting, financial advisory, risk management and more. The company often receives awards as the best place to work. The last award showed, that it’s number 1 on Careers & the DisABLED magazine’s Top 50 employers list.

Location: 146 countries, founded in UK
Employees: 286,200
Founded: 1845

  1. EPAM

EPAM Systems, Inc. (NYSE: EPAM) is a strong orientated company with several offices around the world. Remarkable is that it was founded as EPAM by Belarus natives Arkadiy Dobkin and Leo Lozner in Minsk, Belarus in 1993. The company is providing the most common software services. They work mostly using Agile methodology.

Pricing: $100 – $149/hr
Location: USA, China
Employees: 25 962
Founded: 1993

  1. Fujitsu

Fujitsu is mostly known as a brand which is making computers, printers, but at the same time it has a deep expertise providing of software solutions. The company works for both public and private sector customers. It combines both: tradition and new way of thinking to help the clients to get the best result with the help of new technologies.

Location: Japan
Employees: 140 000
Founded: 1995

  1. Unleashed Technologies

Unleashed Technologies is an american company, which provides such services as: Web Management, Web Design & Theming, Web Development, Progressive Web Applications, eCommerce, Digital Strategy, Web Hosting. The main focus of the company is to make a website for the company, that will make profit for the company owners.

Pricing: $150 – $199/hr
Location: United States
Employees: 10 – 49
Founded: 2007

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  1. TechMD

TechMed is an award-winning IT solution company, mostly specializes in cloud solutions, cybersecurity, consulting, and managed services. They have more than 7 000 clients.

Pricing: $150 – $199 / hr
Location: South Coast Metro, CA
Employees: 50- 250
Founded: 2003

  1. Switchfast Technologies

Switchfast Technologies is an IT consulting and Managed Services Provider (MSP) based in Chicago. Since the 2001 it has earned 93 total IT certificates. The company provides IT services mostly for small businesses.

Pricing: $150 – $199 / hr
Location: Chicago, United States
Employees: 50- 250
Founded: 2001

  1. Sunflower Lab

Sunflower Lab is an US-based IT company. It has been verified by Clutch in 2018 as a top mobile app developer of the United States. The company provides such services as custom software, mobile and web applications, IoT solutions, Alexa skill, Google Actions, AR/VR app and cloud migrations/management.

Pricing: $50 – $99/hr
Location: United States
Employees: 50- 250
Founded: 2010

  1. Clarion Technology

Clarion Technology provides IT services for full development processes of the client’s companies. They specializes in Web Application Development, Content Management Systems, Rich Internet Applications, Ecommerce, Cloud, Mobility, Software Testing and Internet of Things. The company has been named as a 2018 Global Leader in software development segment by Clutch.

Pricing: $25 – $49/hr
Location: United States
Employees: 50- 250
Founded: 2000

  1. MojoTech

The story of MojoTech began in 1999, since that time the company was building web and mobile apps. But as a brand of MojoTech, as an engineering firm it started the business in 2008. The company has completed more than 150 projects, it includes not only the engineers and developers, but also scientists from NASA and the U.S. Navy.

Pricing: $150 – $199 / hr
Location: United States
Employees: 10-49
Founded: 2008

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  1. Induji Technologies Pvt. Ltd.

Induji Technologies is quite successful outsourcing company with developers from India. The company is providing such services as: Web Application Development, Digital Marketing, Payment System Integration, Business Consultancy, Maintenance and Support.

Pricing: $25/hr
Location: India
Employees: 10 – 49
Founded: 2016

  1. Intellectsoft

Intellectsoft is also a full-cycle software development company, with main focus on digital transformation. The core expertise of the developers of the company is Blockchain, IoT, XR, AI UX. The company was recognized as a Global Leader in software engineering according to Clutch.

Pricing: $50 – $99/hr
Location: United States, UK
Employees: 250 – 999
Founded: 2007

  1. Sphinx Solutions

The main services of the company are: Mobile App Development, Custom Software Development, Blockchain and ICO Development, Chatbot, UI&UX Design, Web Design, Digital Marketing. Significant part of their clients are founders of projects in Blockchain and ICO spheres.

Pricing: $25 – $49/hr
Location: India, United States
Employees: 50 – 249
Founded: 2010

  1. Netguru

Netguru, among the whole list, is a Polish company, that offers such services as: Web and Mobile Development, UI/UX, E-commerce services. They have quite large, but not so extensive expertise as others companies in the list, for example, among their web developers are people who are good at Ruby on Rails, Front-End, React, Node.js, Python Developer. And among mobile developers: Android, iOS Developer and React Native specialists.

Pricing: $50 – $99/hr
Location: Poland
Employees: 250 – 999
Founded: 2008

  1. Softvision

Softvision is a large, half US and Romanian software company, mainly offering such services as: Product Development, DevOps, Software Engineering, Intelligent Automation, Data and others. Among their partners are such well-known brands as Estée Lauder, Groupon, Goldman Sachs, Macy’s, Mozilla, Neiman Marcus, among many others.

Pricing: $50 – $99/hr
Location: United States, Romania
Employees: 1,000 – 9,999
Founded: 1994

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  1. Fiducial

Fiducial is a company with history, the most ‘old’ among this list. It core expertise is in the fields of financial, business, tax services and technology solutions. They have various clients, but mostly are helping individuals, small businesses and entrepreneurs.

Location: United States, France
Employees: 11,040
Founded: 1970


Why is India the top IT outsourcing? ›

Cost-effective services, large pool of English-speaking skilled manpower and latest technology solutions are some of the reasons that make India the preferred outsourcing destination.

Which company outsources the most in India? ›

The top 20 outsourcing companies in India
  • 1-Genpact: Started in the year 1997, Genpact has become the largest business process outsourcing company in India. ...
  • 2-Tata Consultancy Services BPO: TCS BPO comes second after Genpact and is a subsidiary of TATA group, India.
24 Mar 2017

What industries outsource IT the most? ›

According to Deloitte's 2021 report, the most commonly outsourced services are IT services (54%), finance (44%), payroll services (32%) and customer service or contact centers (22%).

Which outsourcing is best? ›

Top 10 Outsourcing Websites
  • Fiverr. Fiverr is the world's largest marketplace to hire freelancers for your projects, irrespective of the niche or industry you operate in. ...
  • Upwork. ...
  • Toptal. ...
  • Freelancer. ...
  • Guru. ...
  • Airfleet. ...
  • Gigster. ...
  • Creative Market.

What is meant by IT outsourcing? ›

IT outsourcing is the use of external service providers to effectively deliver IT-enabled business process, application service and infrastructure solutions for business outcomes.

Is India a good country for outsourcing? ›

According to The National Outsourcing Association India is a preferred destination by international companies not only because of the reduced costs but also due to consistency and time factor. Abundant Workforce : With 2.1 billion Indian population 3.1 million students are being added to the workforce.

Which are the IT companies in India? ›

Top 10 Popular IT & Software Companies in India 2022
  • Hyperlink InfoSystem.
  • Wipro. The Western Indian Vegetable Products Limited known as Wipro Limited is one of the Indian multinational alliance companies. ...
  • Tech Mahindra. ...
  • Mphasis. ...
  • HCL Technologies. ...
  • TCS. ...
  • Infosys. ...
  • Larsen & Toubro Infotech.
8 Mar 2022

What percentage of IT is outsourced? ›

59% of businesses cite cost as the biggest reason for outsourcing. Information technology is the leading industry and business department for outsourcing — 13.6% of the average IT department budget dedicated to outsourced tasks and about 37% of IT tasks are outsourced.

What are the recent trends in outsourcing? ›

Outsourcing Trends in 2022
  • Increased preference for remote work.
  • Greater demand for building global teams.
  • Enhanced focus on strategic partnerships.
  • Greater emphasis on cybersecurity.
  • Rise of Progressive Web Apps.
  • Demand for cloud-based technology.
  • Renewed interest in industry specialisation.
  • Keeping Up with the Trends.
12 Jan 2022

Does Amazon outsource? ›

Amazon's supply chain is dependant on the outsourcing of Amazon inventory management. The infrequently ordered products are not stored in regular Amazon warehouses. Over 50% of Amazon's sales are done by third-party sellers, who restock products when the stock is low.

What are the types of outsourcing? ›

A few of the main categories include:
  • Professional outsourcing.
  • IT outsourcing.
  • Manufacturing outsourcing.
  • Project outsourcing.
  • Process outsourcing.
  • Operational outsourcing.

Is IBM an outsourcing company? ›

IBM is a BPO company that will continue to exist as the benchmark for other IT and software companies for decades to come. You can compare IBM with large companies offering software and BPO services on a global scale.

Why is outsourcing important? ›

Outsourcing non-core activities can improve efficiency and productivity because another entity performs these smaller tasks better than the firm itself. This strategy may also lead to faster turnaround times, increased competitiveness within an industry, and the cutting of overall operational costs.

What are the example of IT outsourcing? ›

Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), utility systems, and cloud-based services are all examples of IT outsourcing services.

What are services in IT? ›

IT services refers to the application of business and technical expertise to enable organizations in the creation, management and optimization of or access to information and business processes. The IT services market can be segmented by the type of skills that are employed to deliver the service (design, build, run).

What is the future of outsourcing? ›

The future of outsourcing in the next years

Research states that the outsourcing market will increase by US$40.16 billion up to 2025. Some of the leading outsourced services, including accounting, IT, and human resources will continue to be in demand for the following years.

Why is India the best? ›

In the past decade, India has been a hotbed for technology development. This is partly due to Indians' predisposition towards math and science from an early age. In fact, the answer to why Indians are so good at technology lies not only with the education system, but also their culture and upbringing.

Which year ites started outsourcing? ›

Kodak's 1989 "outsourcing most of its information technology systems" was followed by others during the 1990s.

How do I get clients for outsourcing? ›

Tips to convince your clients to outsource and hire you as a freelancer
  1. Show them you know their business.
  2. Describe the benefits from your services.
  3. Give them samples.
  4. Show your professionalism.
  5. Minimize the risk.
  6. Keep it short.
  7. Address Their Budget Worries.
  8. Meet Your Deadlines.
30 Aug 2019

How do I find a company's outsourcing? ›

Where can I find outsourcing companies? There are so many sources such as Google Search, Marketplaces, Referrals through friends and colleagues, Directory listing on platforms like Clutch, Reddit and Smashing Magazine where you can easily find the best outsourcing companies.

How do I get clients from my project? ›

Here out best deal:
  1. Create case studies of delivered projects. ...
  2. Go after one specific market. ...
  3. Make connections on LinkedIn. ...
  4. Join Facebook groups. ...
  5. Be active on Stack Overflow. ...
  6. Maximize referrals in 2021. ...
  7. Invest in brand building. ...
  8. Browse job boards.
15 Oct 2019

Which is No 1 IT company in world? ›

1. Microsoft. Microsoft is one of the most valuable enterprises and the largest IT company in the world, generating over $125.8 billion revenue in 2019. Founded by Bill Gates and Paul Allen in 1975, Microsoft Corporation, headquartered in Redmond, Washington, is one of the largest tech companies in the world.

Which is the biggest IT company in world? ›


What are the Top 5 reasons companies use outsourcing? ›

Why Do Businesses Outsource?
  • Reduce and control costs of operation (this usually the main reason).
  • Improve the company's focus.
  • Liberate inner sources for new purposes.
  • Increase efficiency for some time-consuming functions that the company may lack resources for.
  • Use external resources as much as possible.

What is the most common type of outsourcing? ›

Business process outsourcing is the most common type of outsourcing. It refers to contracting any business process to a third-party service provider. This type usually deals with repetitive tasks such as customer support and administrative roles.

Does Microsoft outsource? ›

Microsoft Continues to Outsource Internal Support and Services.

How big is the outsourcing market? ›

b. The global business process outsourcing market size was estimated at USD 245.91 billion in 2021 and is expected to reach USD 261.9 billion in 2022.

How many jobs are outsourced? ›

About 300,000 jobs get outsourced out of the US each year. 71% of financial service executives outsource or offshore some of their services.

Did you know facts about outsourcing? ›

Facts and Statistics
  • In 2019, the worldwide outsourcing market was worth $92.5 billion.
  • The top reason for outsourcing (59%) is to save money and cut costs.
  • 14.3 million is the number of workers US overseas affiliates hired back in 2015.
  • In 2017, a whopping 84.2% of outsourcing deals came from the States.
18 Jan 2021

Is outsourcing a growing trend? ›

With the demand for skilled software developers on the rise, IT outsourcing companies based out of the country are rapidly expanding their operations all over the world. The cost factor and talented skill pool have played a key role in assuring the dominance of the country in the market.

Why is there a growing trend in outsourcing? ›

The popularity of outsourcing is growing since it provides access to wider global markets. Smaller companies, thanks to delegating tasks, have a possibility to scale their business faster.

Why do companies outsource statistics? ›

The number one reason for outsourcing for 70% of companies is cost reduction, as outsourcing lowers the costs associated with hiring in-house staff. Around 24% of small companies say they outsource to increase efficiency levels. Many small businesses also use outsourcing to access specialist skills.

What is logistic outsourcing? ›

Outsourcing logistics is when a company uses an external provider (aka a third-party) to handle various supply chain functions. These can include a mix of shipping, storing, packing and/or delivering a company's physical goods, from raw materials all the way to the finished product.

Does Walmart use outsourcing? ›

In major logistics hubs around the U.S., from Southern California to Chicago to New Jersey, workers employed by outsourced Walmart logistics operations have raised allegations of unpaid wages, health and safety and other serious labor violations.

Does Amazon use FIFO or LIFO? ›

Amazon Uses the FIFO Method to Determine Storage Fees

It uses the First In, First Out (FIFO) method.

What are the 4 BPO services? ›

These subcategories include:
  • Front-Office BPO.
  • Back-Office BPO.
  • Offshore BPO.
  • Nearshore BPO.
  • Onshore/Domestic BPO.
14 Jul 2021

Which is the best BPO company in India? ›

Top 30 Indian BPO outsourcing companies
  • Genpact.
  • Tata Consultancy Services (TCS)
  • Accenture.
  • Infosys BPM.
  • Wipro.
  • IBM.
  • Firstsource Solutions.
  • Serco Global Services.
17 Aug 2022

What are 3 disadvantages of outsourcing? ›

Disadvantages of Outsourcing
  • You Lose Some Control. ...
  • There are Hidden Costs. ...
  • There are Security Risks. ...
  • You Reduce Quality Control. ...
  • You Share Financial Burdens. ...
  • You Risk Public Backlash. ...
  • You Shift Time Frames. ...
  • You Can Lose Your Focus.
21 Feb 2017

What is another word for outsourcing? ›

Outsourcing Synonyms - WordHippo Thesaurus.
What is another word for outsourcing?
1 more row

Is IT good to outsource? ›

It improves efficiency, cuts costs, speeds up product development, and allows companies to focus on their “ core competencies”.

Why India is outsourcing hub? ›

Low-cost advantage and availability of skilled workers make India the most attractive outsourcing hub. MUMBAI: India continues to be the most preferred destination for companies looking to offshore their IT and back-office functions, despite the backlash against outsourcing to the country.

Why are a large number of IT jobs being outsourced to China and India? ›

Most of the companies that are based in the United States find India and China extremely attractive for outsourcing they are functions as these nations provide cost effective solutions and the presence of talented workforce is expected to drive the market growth in the coming years.

How did India become outsourcing? ›

Although the IT industry in India has existed since the early 1980s, it was the early '90s which saw the emergence of outsourcing. First, some global airlines began outsourcing their back office work to India—and then IT companies followed.

Why is India preferred destination for BPO? ›

This is Expert Verified Answer

India has cheap manpower due to which many business firms want to set the BPO firms, to make the job done at a quick cost. Usually, in developed companies the cost of labor is high, countries like India , the labor rate is low.

Is India a world hub? ›

India has been ranked second as the global hubs for tech innovation. The electronic city, Bengaluru is ranked among the top 10 cities in the world for technology innovation.

How much percentage of outsourcing does India provide worldwide? ›

India controls 44 per cent of global outsourcing.

What kind of services are outsourced to India? ›

India's outsourcing industry coverage is diverse. They have clients from manufacturing, healthcare, travel, telecommunications, retail, and media. The most popularly outsourced services to India in 2018 and 2019 were mobile application development, customer support, data entry, BPO, and data center operations.

How do I choose a software development outsourcing company? ›

There are 10 crucial aspect that make it easier to choose a software development company.
  1. Measure expertise. ...
  2. Tech stack – the fewer the better. ...
  3. Check out their process and communication routine. ...
  4. Rule of similar sized company. ...
  5. Partner chemistry. ...
  6. Frequent deployment. ...
  7. A partner who understands the business. ...
  8. Geography.

Why does the US outsource jobs to India? ›

Technology Outsourcing

American companies send IT jobs to India and China because the skills are similar while the wages are much lower. Companies in Silicon Valley outsource tech jobs by offering H-1B visas to foreign-born workers.

Why do Indian workers want IT jobs? ›

For good pay and working conditions make IT jobs attractive to Indians. It hires someone outside the company to do work that was once done inside the company. many Indians enjoy a high standard of living despite pay that seems low to Americans.

What is the future of outsourcing? ›

The future of outsourcing in the next years

Research states that the outsourcing market will increase by US$40.16 billion up to 2025. Some of the leading outsourced services, including accounting, IT, and human resources will continue to be in demand for the following years.

What are the types of outsourcing? ›

A few of the main categories include:
  • Professional outsourcing.
  • IT outsourcing.
  • Manufacturing outsourcing.
  • Project outsourcing.
  • Process outsourcing.
  • Operational outsourcing.

What is example of outsourcing? ›

Advertising, office and warehouse cleaning, and website development are the best examples of outsourcing. Most business owners delegate authority to outsourced specialists when it comes to bookkeeping, maintenance, recruitment. This helps enterprises to focus most of their resources on the main activity.

Why is India the best? ›

In the past decade, India has been a hotbed for technology development. This is partly due to Indians' predisposition towards math and science from an early age. In fact, the answer to why Indians are so good at technology lies not only with the education system, but also their culture and upbringing.

Why India was the destination for global outsourcing in the post reform period? ›

The best reasons to make India preferred outsourcing destination are favorable government policies, fast-developing infrastructure and an immensely talented workforce. India is fully capable to handle complex turnkey projects effortlessly utilizing its skilled resources and state-of-the-art technology.

Why was public sector given a leading role in industrial development during the planning period? ›

Why was public sector given a leading role in industrial development during the planning period? Answer: At the time of independence, Indian economic conditions were very poor and weak. There was neither much private capital nor did India have international investment credibility so as to attract foreign investment.


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