The mid-market is formed of those businesses slightly too large to be called SMEs but perhaps are not big enough to be listed on the major stock exchanges. For any business in this category, they are going to have to take an individual approach to their IT departments, many of which will need to direct funding away from auxiliary roles (like IT) to the primary objectives of the company. Outsourcing provides the perfect opportunity to balance expenditure versus efficiency, where companies that are in a state of transition can benefit from a stable, third party platform.
Acora is an IT outsourcing company that understands the needs of the mid-market. With an awareness of the pressures that CIOs of mid-market clients are constantly under, outsourcing companies take total or partial control of the IT systems, taking the hassle out of running a modern business. As a testament to the success of outsourcing mid-market companies, 63% of 277 mid-market clients admitted that new IT initiatives were cheaper than the system they were using before and just 44% of large companies said the same.
The Growth of Mid-Market Outsourcing
IT outsourcing as an industry is currently undergoing a period of rapid growth, with many clients referring to a third party to provide their IT solutions. A driving force behind this is the mid-size market, where clients are coming from all over the world to redevelop their IT infrastructure as a result of mergers and acquisitions.
When a company grows, its IT system has to be able to withstand the increased pressure of new software, larger databases and new products. Because many of these mid-market companies are constantly in a state of flux, it is easier for an outsourcing vendor to provide an overhaul for their systems.
Next time, we will explore the needs of medium sized companies and find out more about the unique challenges they provide to the outsourcing industry.