Many of outsourcing providers have the question that why they would focus more on USA, why they can not deploy their resources for UK market for business. Or why outsourcing industray got more business through USA than UK market?
If you look at the scenario from third country [India] prospective then the major difference is coming due to only one reason.
That is population:
UK Population is 60,270,708 and
USA : 293,027,570 [ 5 time more ]
Other reasons which impact to Outsourcing model could be:
– Economical structure:
Ratio of IT companies in USA is higher as being a IT hub with few key cites like California, and New york got investment from Europe and other Asian countries for captive branch set up for outsourcing. Now a days they also start getting a lot of virtual offices too.
– Outsourcing policy
If we study both the policy of outsourcing, we find that there is not much difference in both in terms of restrictions but base upon currency difference and economical growth we can say that UK outsourcing policy is bit tough yet for long term for service provider, however USA outsourcing policy is more friendly but uncertain in terms of revenue and consistence projects.
– IT awareness
According to survey awareness of IT is also playing huge role, Ratio of IT awareness is highest in USA.
– Outsourcing model
UK is good for outsourcing accounting and financial software works as Indian constitution born form UK constitution. So focus of UK would be more on LPO and FPO outsourcing. [ LPO – Legal Process outsourcing & FPO – Financial Process Outsourcing ]
– Culture & Psychology impact
Sometime trend and political movements impact the consumer psychology, That indicates that ratio of business outsourcing variable for season to season.
Eg. – In festival time IT need is on peak for shopping cart and other web development services.
In general if you observe and measure scenario of UK and USA clients who are in to outsourcing, then we find that USA client keep hunt for the options even they have outsourcing partner in hand. They constantly hunt to get improved and cost effective solution. Where UK client do not keep more then one option on hand for their outsourcing need so , that survey explains that “USA outsourcing is immediate yet hard to keep for long span however UK outsourcing is not immediate but it get you good and stable business.”
If we dig in to outsourcing domain and count the ratio of outsourcing companies and non-outsourcing companies in UK then we will find the fact that, UK is the country who do maximum outsourcing for Book keeping, LPO [Legal Process Outsourcing] and FPO [Financial Process Outsourcing].
So on a positive note we can say that there are equal and ample opportunity to get outsource business but our approach should be differ to capture business form both of countries respectively. Its mandatory to cater win win package according to the above points for both developed economy of the globe.