Outsourcing IN India, Not TO India: IBM #1 Provider
From today's NY Times Technology section:
India's IT services market is forecast to grow to US$10.73 billion by 2011, at a five-year compound annual growth rate of 23.2%, as outsourcing emerges as a more favored option for companies in India.
As companies are finding it more difficult to hire and retain staff in their IT departments, they are looking at external service providers as an option, hoping to also cut down costs, and better manage growth in the process. A number of large Indian banks and telecommunications service providers are already outsourcing key IT operations.
IBM, Tata Consultancy Services (TCS) and Wipro together accounted for 26.1% of IT services vendor market share in India last year. IBM was the top vendor, with 11.2% market share. TCS and Wipro occupy the second and third positions with 10.9 and 4.1 percent market shares, respectively.
Isn't it interesting that:
1. Indian companies are now increasingly outsourcing IT services, TO other Indian (and U.S.-based) companies IN India.
2. U.S.-based IBM is the #1 provider of IT outsourcing services IN India for Indian-based companies.
It's a flat, flat, flat, flat world.