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The IT services outsourcing sector is the fastest growing sector in the outsourcing market and has been growing at a frantic pace with more and more companies planning to take the plunge. According to various estimates the IT services outsourcing market will reach US $ 200 billion by 2004 and will grow even further. As for the IT service outsourcing destinations are concerned, India stands out way ahead of the rest. This is because India has many quality certified software firms, computer savvy workforce and relatively cheaper rates of operation. India also exports software to 19 different countries and has a great infrastructure in terms of communication.
Information on global outsourcing
With the competition increasing among software developers, cost cutting has become an obsession. Outsourcing IT services and custom software support outsourcing to India and other developing nations helps them cut costs and deliver quality services. This trend on one hand benefits the companies in US and UK helping citizens to get quality products for less and on the other hand helps developing countries like India. TO India, off shoring has come as a boon providing employment to its never ending youth. The attitude of anti outsourcing American jobs and controversy, outsourcing U.S. jobs is seen by many economists as a temporary one. Most compare the situation created due to outsourcing jobs United States to the IT boom when people reacted similarly with manufacturing jobs vanishing.
Offshoring pros and cons as indicated by many offshore outsourcing case studies and offshore outsourcing research clearly indicate that outsourcing will only help the communities involved in the near future. Given these facts the global impact of outsourcing seems only to end on a positive note.
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