Industry Updates for Today

Europe prefers Indian IT outsourcing
This article highlights the fact that many UK firms are using Indian companies for their offshore IT services. Data also shows an increasing trend in offshoring supported by the fact that 57 per cent of firms polled had utilized outsourcing or offshoring within the last twelve months, compared to 47 per cent last year.

Indian outsourcing market eyes Far East
Indian companies that provide offshoring services have started to look at Japan for new customers. According to a Japan market study by neoIT, an offshore advisory firm, the total IT services sector is estimated to be around $50 billion USD. Currently less than 2 percent of this market is offshored, with China getting the majority share. Revenue from Japan contributes barely three percent of India's total software services exports. Ameet Nivsarka, Vice President, Nasscom, says that he believes Europe and Japan offer huge potential for Indian vendors.

IBM Tops India's Outsourcing Market
This article explains that IBM is outpacing domestic competition with contract wins from large Indian enterprises such as Hindustan Petroleum, North Delhi Power, and IDEA Cellular. This initiative helped IBM capture 10.8% of India's local outsourcing market in 2008, IBM said Tuesday, citing data from Springboard Research. The article goes on to explain that as U.S. sales slow, IBM is investing heavily in developing markets beyond India, including South America and Eastern Europe.