China becomes bigger threat for India BPOs
NEW DELHI: China's outsourcing industry is steadily closing the gap with leader India, according to a research done by a Canada based firm.
ICT research and advisory firm Canada-based XMG Global said in its study that China is closing 2010 with $35.76 billion or 28.7 per cent share of the global outsourcing industry, while India maintains its lead capturing $54.33 billion or 43.7 per cent of the total.
Assessing the industry's achievement, China is gradually narrowing its revenue gap from India with a huge 30 per cent growth compared with India's 14 per cent, Xinhua quoted XMG chief analyst Lauro Vives, as saying in a statement.
"India's weakening lead is due to the substantial efforts of China, the Philippines, and other offshoring destinations in building their capacity to attract significant amount of investment," Vives said.
The Philippines, which came third with $8.85 billion in total revenue or 7.1 per cent share by end of 2010, is also doing well with 23 per cent growth surpassing the 20 per cent gain last year, he added.
"While India continues to remain the leader, the rest of the offshore countries are now beginning to mature," Vives said.
The analyst said the global outsourcing market is expected to end 2010 with estimated total revenue of $425 billion or 13.9 per cent higher compared with last year.
China's outsourcing industry is steadily closing the gap with leader India, according to a research done by a Canada based firm.
ICT research and advisory firm Canada-based XMG Global said in its study that China is closing 2010 with $35.76 billion or 28.7 per cent share of the global outsourcing industry, while India maintains its lead capturing $54.33 billion or 43.7 per cent of the total.
Assessing the industry's achievement, China is gradually narrowing its revenue gap from India with a huge 30 per cent growth compared with India's 14 per cent, Xinhua quoted XMG chief analyst Lauro Vives, as saying in a statement.
"India's weakening lead is due to the substantial efforts of China, the Philippines, and other offshoring destinations in building their capacity to attract significant amount of investment," Vives said.
The Philippines, which came third with $8.85 billion in total revenue or 7.1 per cent share by end of 2010, is also doing well with 23 per cent growth surpassing the 20 per cent gain last year, he added.
"While India continues to remain the leader, the rest of the offshore countries are now beginning to mature," Vives said.
The analyst said the global outsourcing market is expected to end 2010 with estimated total revenue of $425 billion or 13.9 per cent higher compared with last year.
ICT research and advisory firm Canada-based XMG Global said in its study that China is closing 2010 with $35.76 billion or 28.7 per cent share of the global outsourcing industry, while India maintains its lead capturing $54.33 billion or 43.7 per cent of the total.
Assessing the industry's achievement, China is gradually narrowing its revenue gap from India with a huge 30 per cent growth compared with India's 14 per cent, Xinhua quoted XMG chief analyst Lauro Vives, as saying in a statement.
"India's weakening lead is due to the substantial efforts of China, the Philippines, and other offshoring destinations in building their capacity to attract significant amount of investment," Vives said.
The Philippines, which came third with $8.85 billion in total revenue or 7.1 per cent share by end of 2010, is also doing well with 23 per cent growth surpassing the 20 per cent gain last year, he added.
"While India continues to remain the leader, the rest of the offshore countries are now beginning to mature," Vives said.
The analyst said the global outsourcing market is expected to end 2010 with estimated total revenue of $425 billion or 13.9 per cent higher compared with last year.
China's outsourcing industry is steadily closing the gap with leader India, according to a research done by a Canada based firm.
ICT research and advisory firm Canada-based XMG Global said in its study that China is closing 2010 with $35.76 billion or 28.7 per cent share of the global outsourcing industry, while India maintains its lead capturing $54.33 billion or 43.7 per cent of the total.
Assessing the industry's achievement, China is gradually narrowing its revenue gap from India with a huge 30 per cent growth compared with India's 14 per cent, Xinhua quoted XMG chief analyst Lauro Vives, as saying in a statement.
"India's weakening lead is due to the substantial efforts of China, the Philippines, and other offshoring destinations in building their capacity to attract significant amount of investment," Vives said.
The Philippines, which came third with $8.85 billion in total revenue or 7.1 per cent share by end of 2010, is also doing well with 23 per cent growth surpassing the 20 per cent gain last year, he added.
"While India continues to remain the leader, the rest of the offshore countries are now beginning to mature," Vives said.
The analyst said the global outsourcing market is expected to end 2010 with estimated total revenue of $425 billion or 13.9 per cent higher compared with last year.
No comments:
Post a Comment