Estonia has become a target of companies hoping to take operations offshore at the right price. In fact, Estonia has become such an attractive destination that this year it made its debut at No. 15 on A.T. Kearney's list of the top 50 global offshore outsourcing locations, beating out more established countries such as Russia, Argentina, and Canada.
Estonia is just one of many countries learning from the example set by India, which remains the top outsourcing destination on A.T. Kearney's list, and the country is eager to carve out a piece of the bulging market for offshore outsourcing services. The global market for shared services and outsourcing is expected to grow to $1.43tr by the end of 2009, from $930bn in 2006, according to a report released this month by consultancy Frost & Sullivan. Globally, companies spent about $233bn on IT outsourcing in 2006.
Source: BPM Today, http://www.bpm-today.com