The Zacks Outsourcing industry has observed significant growth, driven by multiple economic, technological and business factors, including the need to lower costs and the onset of remote work.
Outsourcing involves delegating a company's internal operations to external resources or third-party contractors to enhance operational efficiency, with services ranging from HR support to IT solutions.
The industry has witnessed significant growth in the past year, led by recent tech advancements and a surge in remote work, boosting revenues and dividends for many companies.
Greater flexibility, lower costs and improved service quality have led to a higher demand for business process outsourcing services, with the IT sector also thriving due to outsourcing.
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