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Let's delve into the three primary types: Business Process Outsourcing (BPO) Business Process Outsourcing involves contracting non-core business activities to external service providers. According to Deloitte's 2020 GlobalOutsourcing Survey, 70% of companies cite cost reduction as a primary reason for BPO adoption.
Engineering Design and Development Computer-aided design (CAD) and simulation modeling Prototyping and product lifecycle management Engineering outsourcing supports industries such as automotive, aerospace, and manufacturing by providing cost-effective design solutions.
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