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India has emerged as a new "dark horse" in the world's IT outsourcing industry.
The TPI, an outsourcing consultation company, predicted that about $100 billion worth of IT outsourcing contracts will be made in the world over the coming two years.
At present, the Big 6 - Accenture, ACS, CSC, EDS, HPand IBM - account for about 72 percent of the total IT outsourcing services in the world. In particular, about half of the total outsourcing contracts in the IT sector come from overseas. It means that the influencing power of the large-scale outsourcing companies may weaken in the future.
For instance, outsourcing companies in India failed to attain large-scale contracts worth over $200 million last year. However, they participated in about 30 percent of the overseas outsourcing biddings last year and attained 70 percent of the total.
Out of the total of 293 cases of IT outsourcing contracts made last year, about 75 percent were small and mediumsized contracts.
Considering these factors, Indian outsourcing companies can expand their share in the overseas outsourcing market further this year, the TPI said.