China Service Outsourcing Market to Exceed $25 B in 2009, a 24.5% YoY Growth
December 27, 2009 – 12:36 pmAccording to China’s Ministry of Information and Industry (MII), China ’s IT & information outsourcing service industry expects to hit 200B RBM ($28B) mark in 2009. Globally, outsourcing market is about $405B with a 3-4 % yoy growth.
In the past three quarters of 2009, software and information outsourcing revenue reaches 146.4 B RBM, representing a 24.5% yoy growth.
Domestic markets grew to 125.5B RBM in the past three quarters, a 25.7% yoy growth; international offshore market reaches 13.2B RBM, an equally impressive 18% yoy growth.
In 2009, the number of outsourcing firms in China has exceeded 4000, employing 470,000.
One Response to “China Service Outsourcing Market to Exceed $25 B in 2009, a 24.5% YoY Growth”
I’ve read in several different places of the shift from India to Russia and China, and these stats are some of the first hard numbers I’ve seen to back that up. Do you think this is just another step in the evolution of the “next hot market” or a real and sustainable trend as the Chinese outsourcing market has learned from the mistakes of countries like India? ~ Daryl
By Daryl James on Feb 22, 2010