Software Outsourcing future in Asia
Despite the good performance of the impressive local Information Technology talents and young successful software outsourcing companies, Asia's software development market is still not too big. At present scenario, Asian region has quite good amount of US dollar of stake for Offshore Software Outsourcing. In year 2005 the total global market for software development was estimated near about 40 billion dollar and its being expected to multiply by triple up to 2009 calendar year. After the much-waited arrival of submarine cable, it should expand country’s offshore market for Outsourcing Development with cell phone market boosting up.
However, with the huge investments in Information Technology development that ran high in Asian follows the visit. Many of global companies are now showing interest with investment of multi-million money into nascent high technical sector of Asian nations. The world's largest Software Development organization, Microsoft is getting annual sales revenues around $40 Bn. from Bangladesh. The real thing was when Bill Gates had visited the Asian countries; it paved the way of Software Outsourcing as Gates wanted to exploit the potential of local IT- professionals. The Microsoft had unveiled big plan for imparting the training for 10,000 Bangladeshi teachers & nearly 0.2 million students in IT over the next 3 years. With this announcement a local and private organization has been given one Mn. US Dollars as Gates- Melinda Award for the training purpose.
As per the Danish IT experts that visited Asian nations, as far as the Offshore Software Outsourcing is concerned it is a sleeping giant. The sleeping giant can wake up with launching of the submarine cable. At present time, Offshore Software Development industry could not take off on big scale, simply due to expensive bandwidth.
Previous year in a small period of time, Bill Gates accompanied by Melinda, her wife visited Asian country Bangladesh. That visit by chief of global biggest Software Development organization gave positive signals to the other countries that Asian was becoming an emerging destination for Offshore Software Outsourcing investment. During that last visit, Gates signed so many agreements with the government of Bangladesh and with some private sectors as well. He assured the local business leaders to reduce the price on original software that would help to decrease use of pirated copy.
About Offshore Software Outsourcing Bill Gates was very optimistic and with lots of human resources of skilled people for the Bangladesh Information Technology industry. Now India is creating big number of IT talents due to establishing a lot of educational institutes with the training and teaching for Information Technology subject. Now for setting up institutes like this, Microsoft may not be able to help Asian Countries, but the largest company could absorb the Software professionals to be trained in such Software Outsourcing institutes.