According to the European Information Technology Observatory (EITO), outsourcing continues to be the fastest growing segment within the IT services in Europe. German companies outsourced services worth around euro 10 billion worldwide in 2003, a figure that is set to rise to euro 17 bn by 2008.
EITO vice-chairman Jorg Schomburg says this is good for countries like India which have a leadership position in outsourcing. However, he warns that although India continues to enjoy a significant competitive advantage over countries like China, Malaysia and the Czech Republic among others, these countries are beginning to take initiatives to close the gap.
Mr Schomburg was speaking at a curtain raiser on CeBIT 2006, the world’s largest trade fair for information and communications technology, to be held in Hannover, Germany from March 9-15, 2006. Nasscom figures show that the ITES-BPO industry in India grew at a CAGR of 56.4% during the 2000-05 period.
Monday, August 22, 2005
Subscribe to:
Post Comments (Atom)
1 comment:
I will have to agree with this. It does not only grows in India, but also in other parts of Asia, South America and also in Europe.
Post a Comment