Security Management Outsourcing Brings New Players...

Security management outsourcing is one of the hottest topics these days. There are new countries that are emerging in this field. Most of these countries belong to Asia Pacific, Middle East, and Africa. These countries have already replaced many developed countries like North America, and Western Europe. These providers are called Managed Security Service Providers or MSSP.

India, thanks to the financial investments made by the government here, is leading the table followed by China. Overseas companies find it quite cost effective and manageable to offshore their security related tasks. This helps companies to help their security managers concentrate on other important tasks. By outsourcing these jobs to the above-mentioned regions they make sure that the quality of the work is not compromised.

The number of these companies outsourcing their work is increasing year after year. Apart from private sectors there are many public sector companies who are also showing much interest in outsourcing their security management responsibilities.

There are also companies in India that also handle the security of the cash transaction system. This has become very important because many customers are now interested in taking cash rather than making the transactions through credit cards. The North American and Western European countries are witnessing a lesser growth rate.

These MSSPs provide 24×7 monitoring of the system. In 2007 Forrester conducted a survey that mentioned about 30 percent of small and medium businesses at that time were interested to offshore there security management responsibilities. Moreover, this year at least 52 percent companies have said that they want to go for outsourcing of security management process.

It is estimated by experts that this market will grow even further because of the current economical recession and the availability of trained and well skilled personnel. These people have all the necessary knowledge to handle the security of a company.

Protectionism Threatens Prosperity of Global Outso...

Protectionism can destroy a business without benefiting anyone. That is what, it seems, is happening to the Business Process Outsourcing sector. This is the very industry that generated revenue of about US$ 234 billion in 2005. The countries that are involved in this business include various European and Asian nations like the UK, Spain, Russia, India, Philippines, China, Japan, and Pakistan. Even the US has a large interest in this market as many of its companies are involved in this outsourcing process. That is why the protectionist laws primarily coming up in the UK and the USA would harm all these players and would not help the global market in any way.

Even at the beginning of the Financial Year 2006 the BPO industry made a profit of $ 22.7 billion. According to a survey conducted by National Outsourcing Association it was estimated that the global BPO industry would generate $ 323, 600 million by the end of the year 2011.