Outsourcing seen at $300 billion
Filed in archive Outsourcing News on December 15, 2005

A recently released Nasscom-McKinsey report stated that India's BPO and IT industry could see a near 10-fold growth from $17.3 billion at present to $166.5 billion in 2010.
According to the report, India's BPO industry will continue to grow to $150 billion by 2010 driven by traditional industries, finance and accounting. On the other hand, the country's IT sector will reach the $150 billion mark sooner (in 5 years time) because of new technologies. Moreover, indian companies will maintain their 46 percent share in the global BPO market and 65 percent share in the IT outsourcing market up to 2010.
Noshir Kaka, partner at McKinsey & Co., said, "The next five years will see a huge increase in the global outsourcing potential. India's share in the total market will remain steady and the country will, thus, capture a significant proportion of the total market opportunity."
The report also named four future problems for the booming Indian IT industry. These include poor infrastructure, shortage of skilled manpower, political opposition in developed countries, and a decreasing demand.
Image Source: www.inmarketresults.com

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Response from:
Marco
(12/19/05 5:37am)
Really, besides China, India is also on the go towards the competitive market? Very interesting...Seems Asian countries are beginning to make their big leap.
Response from:
BPO
(06/19/06 4:12am)
Interesting and I guess, more importantly, encouraging stats!
I am a bit surprised that it says BPO will driven mainly by finance and accounting industries...I'd have imagined that other information-intensive industries - media, publishing etc., will be a key growth driver for the BPO industry...
BPO @ http://www.ebpo.in
I am a bit surprised that it says BPO will driven mainly by finance and accounting industries...I'd have imagined that other information-intensive industries - media, publishing etc., will be a key growth driver for the BPO industry...
BPO @ http://www.ebpo.in
Response from:
Cialis.
Cialis.
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