Chinese domination a mirage? | Outsource Portfolio

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October 27, 2009

A new report out this week by global consultancy McKinsey & Co, Destination: China, A Perspective on the Offshoring and Outsourcing Industry maintains that while China has made tremendous leaps in terms of software development in recent years, it can’t realize its ambition of becoming the leading global offshore-outsourcing destination anytime soon, predict industry watchers. Out of a total of $80 billion worldwide revenues for providers of offshore services in business and technology, India leads by a wide margin, garnering $58 billion — a market share of over 70%.

In contrast, China currently accounts for less than 10% of the global $60bn market for offshore-outsourcing of IT services. And when you dig deeper you realize that four of the top ten Chinese IT service providers have grown only by ...

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