China Software Outsourcing – A 29.5 Billion Market by 2009
According to a new research, China's domestic software outsourcing market will develop rapidly with a growth rate of 35.6% from 8.71 billion in 2005 to 29.43 billion in 2009.
Analysys International said that the cost saving pressure has forced the USA, Japan and the EU to accelerate outsourcing of their software production and IT service to developing countries. This has allowed countries like India and China to promote the industry level, form international outsourcing centers, and drive the global market up.
Yang Qingfeng, research director of Analysys International, said Northeast China and East China will be the main drivers of the China software outsourcing market in 2005 to 2009. Eastern China's placement advantage and close ties with Japan, the USA and EU will help to accelerate growth. The outsourcing revenue of Eastern China (centered around Shanghai and the Yangtse River Delta) will surpass Northeast China by 2009.
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