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IDC predicts that the amount spent on outsourcing by companies in Asia-Pacific (excluding Japan) will exceed $10 bln in 2006. India and the PRC will continue to be the high-growth markets in the next five years. With CAGR of 19% and 31% respectively over 2005-2010, these markets are not expected to have fully matured by 2010. This strong buildup is primarily driven by the large infrastructure growth over the past several years. The management of this infrastructure is now evolving to become a natural add-on, especially in the PRC where users have historically been lagging in outsourcing. IDC forecast that the market will grow from $9.58 bln in 2005, to $16.06 bln in 2010. This represents a compound annual growth rate (CAGR) of 10.9% over the forecast period.
European outsourcing worth $40.9 bln in 2007
Indian outsourcing companies to earn $10.73 bln by 2011
New Asia-Pacific outsourcing contracts command $25 mln
87% of outsourcing buyers to continue outsourcing
HR outsourcing to grow to $18.9 bln by 2010
Brazilian printing outsourcing up 42.5% in 2005
Top 100 Western European outsourcing deals generated $40.5 bln in 2005
Mobile network outsourcing to grow to $55.3 bln by 2010
16 outsourcing megadeals awarded in 2003, 12 in 2004, 11 in 2005
Payments outsourcing generated $3.3 bln by 2005
Asian business process outsourcing market reached $6 bln in 2005
Business outsourcing market up 33% in 2005
India’s outsourcing industry employs 1.2 mln people, contributes $23.4 bln to GDP
Desktop management outsourcing reached $28 bln in 2005
US outsourcing market to grow 4.2% in 2005
J2EE: EJB, JSP, Servlets, JSF, JSTL, JCA, JMS, JTA, JNDI, JDBC, JMX, RMI, etc.
Frameworks: Struts, Hibernate, JPA, iBATIS, JBoss AOP, Spring, JSF, AJAX, GWT, YUI, Flex/Flash, JUnit, and Jakarta common libraries.
Integration: Web Services on Axis and WebMethods; as well as the Web Service Standards such as SOAP, WSDL and UDDI.
| For you information - Given The Rapid Growth Of This Sector, Several Companies Have Started To Use Offshore Development In China, India And Other Countries With A Lower Cost Per Developer Model. Several New Web 2.0 Platforms And Sites Are Now Developed Offshore While Management Is Located In Western Countries. |
IT Facts » Outsourcing Spending By Asia-Pacific Companies To Reach $16 Bln In 2010 - IDC predicts that the amount spent on outsourcing by companies in Asia-Pacific (excluding Japan) will exceed $10 bln in 2006. India and the PRC will continue to be the high-growth markets in the next five years. With CAGR of 19% and 31% respectively over 2005-2010, these markets are not expected to have fully matured by 2010. This strong buildup is primarily driven by the large infrastructure growth over the past several years. The management of this infrastructure is now evolving to become a natural add-on, especially in the PRC where users have historically been lagging in outsourcing. IDC forecast that the market will grow from $9.58 bln in 2005, to $16.06 bln in 2010. This represents a compound annual growth rate (CAGR) of 10.9% over the forecast period.
European outsourcing worth $40.9 bln in 2007
Indian outsourcing companies to earn $10.73 bln by 2011
New Asia-Pacific outsourcing contracts command $25 mln
87% of outsourcing buyers to continue outsourcing
HR outsourcing to grow to $18.9 bln by 2010
IT Facts » Outsourcing spending by Asia-Pacific companies to reach $16 bln in 2010
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Outsourcing spending by Asia-Pacific companies to reach $16 bln in 2010
Fact recorded on: June 27, 2006. Categories: Outsourcing .
Latest Outsourcing facts Outsourcing is 7% of India’s GDP
Indian outsourcers to earn $220-280 bln by 2012
Outsourcing to grow 8.1% in 2008
Indian software salaries up 18.7% in 2006
HR services up 8% in 2006
Small business who outsource IT end up spending less than 5% on maintenance and upgrades
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