The Nuts and Bolts of Team Augmentation
Did you know that the IT outsourcing market is projected to reach a staggering $512.50 billion in 2024? It doesn’t stop there, this market is expected to grow at a steady annual rate of 10.99%, which can reach a remarkable $777.70 billion by 2028. Also, the demand for team augmentation services is also surging, with an anticipated incremental spend of $81.87 billion. This sector is set to grow at a CAGR of 3.53% over the next five years. These statistics illustrate why team augmentation is gaining significant traction in the IT job market. Driving businesses worldwide to adopt remote hiring practices. Team augmentation has proven to be a game-changer, providing businesses with access to a global talent pool while ensuring efficiency and flexible scalability. It empowers companies to swiftly adjust their resource needs and aligns perfectly with project demands without the complexities of traditional hiring. In this blog, we will dive into what team augmentation truly entails, how i