Chinese offshore software market to grow


Chinese offshore software market to grow

John-Paul Kamath

Total revenue from China's offshore software outsourcing market will grow fivefold over the next five years and the compound annual growth rate of the market will reach 37.9%, according to a recent report by market research firm IDC.

The report found that China's offshore software outsourcing market continued to grow rapidly in 2006, with total revenue from the market reaching £700m up 48.4% from 2005.

The China-based offshore software development market remained a high-growth market in 2006, expanding by nearly half in a year, and is on course to register similar year on year growth over the next five years.

The market experienced a lot of consolidation in 2006, said Judy Ou, senior analyst, software and services research, for IDC China.

Face up to offshoring security risks, urges expert >>

Outsourcing 'derailed by focus on ROI' >>

Innovation is the nearshore lure >>

Comment on this article:

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy