Outsourcing spending by Asia-Pacific companies to reach $16 bln in 2010
Fact recorded on: June 27, 2006. Categories: Outsourcing.
IDC predicts that the amount spent on outsourcing by companies in Asia-Pacific (excluding Japan) will exceed $10 bln in 2006. India and the PRC will continue to be the high-growth markets in the next five years. With CAGR of 19% and 31% respectively over 2005-2010, these markets are not expected to have fully matured by 2010. This strong buildup is primarily driven by the large infrastructure growth over the past several years. The management of this infrastructure is now evolving to become a natural add-on, especially in the PRC where users have historically been lagging in outsourcing. IDC forecast that the market will grow from $9.58 bln in 2005, to $16.06 bln in 2010. This represents a compound annual growth rate (CAGR) of 10.9% over the forecast period.
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