Friday, June 17, 2005

Software outsourcing industry: trends

From: oocenter

Order books of software exporters are full and the guidance for the remaining period of the year looks positive. CEOs talk of India becoming the de-facto destination for software offshoring. The list of companies waiting to jump onto the offshore bandwagon is increasing. Signs, which on the surface, looks rosy for the Indian software service exporters. The 2005 IT outsourcing study includes the insights of 210 buyers and 242 providers of outsourcing services. All participants were directly involved or highly aware of their company’s outsourcing-related decisions, states the study. IT budgets of participating companies ranged from less than $5 million to more than $500 million. The survey points to a continuing growth in the outsourcing market, with 74% of buyers anticipating an increase in IT outsourcing.

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