»»Offshoring market trend and new locations
Gartner, the world’s largest IT research and advisory company, estimates offshore outsourcing spending will surpass $50 billion for information technology, and $24 billion for business process services, by 2007.
According to Tom Lambert, President of The International Centre for Consulting Excellence, about 11 per cent of the total service sector in the US and Europe could be outsourced by 2010, with financial services playing a very important role in the industry.
It is estimated, India, leading country in the global offshoring industry, will face a skill shortage of at least half a million within five years.
Because of that, increasingly companies are looking to new outsourcing destinations such as China, Philippines, Russia, Ireland, Czech Republic and other Eastern Europe countries.
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