Getting in-touch with IT OutsourcingSunday, February 12, 2006
IT Outsourcing growth has become captivating for all free-enterprises to seek the opportunity available to trade their businesses in a fiercely competitive market opportunity. The labors available in some of Outsourcing India companies are offered cheap when compared to other developing countries. It is both win-win opportunity to the Producer and the Outsourcer. Both in a way earn good revenue income and this is where give and take formula works in IT Outsourcing.
Recent market studies are showing a rise in Offshore Outsourcing in particular. It is presumed that IT Outsourcing will continue for another 4-5 years and later what kind of turn its going to take, the researchers are less aware about that. India Software Sensex has risen in accordance with IT Outsourcing. The IT Outsourcing market will record a compounded growth more than 14% in another few years and will nearly be double the US dollars 14.5 billion by 2009.
All the giant software companies in India, China, Australia and other European countries are highly influenced by IT Outsourcing. It has surpassed the buzz of fad as the software services offered by these companies are reliable and quick way to reach to the consumers. The back-office work has increased enormously and as cheap labors are available in India Software, the trend of Outsourcing India is become a hiring pattern. India Software is also seeing increased staff in outsourcing fields as more than 5% of the population is comfortable with English Language and nearly thousands of graduates have secured their academic degree in English. Infosys among the top software companies in India is highly respectable as each year it recruits nearly 12 to 15 percent of the total graduates of India.
The Software Outsourcing Industry has been investing in billions in IT Outsourcing in particular to India as the size and scope of the subsidiaries are in the same country. There is a word from Oracle group of Countries that it is venturing into creating more IT Outsourcing companies in other nine cities of India. Looking at such growth, most of the Outsourcing companies prefer to develop their software in IT Outsourcing India.