European and US businesses are expected to outsource around 750,000 jobs to overseas destinations over the next four years. However offshoring could see a sharp reduction during this decade according to research from The Hackett Group.

The research suggests that while jobs in IT, finance, human resources and procurement will be outsourced in large numbers to locations such as India, this level is expected to level off or decline by after 2014.

Michel Janssen, chief research officer at The Hackett Group, said that he expected that the economic advantages offered by offshoring would begin to dry up, “a decade from now the landscape will have fundamentally changed, and the flow of business services jobs to India and other low-cost countries will have ceased."