The Asia Pacific Region is fast becoming the go-to marketplace for offshore services buyers, and it will grow even more popular in the outsourcing industry.
The Financial Times reported that the main reason for the popularity of Asia-Pac is that the demand from Asian located companies is expected to increase. Some Asian countries like China and India are surging ahead in recovering from the effects of the GFC.
Last month, research firm Gartner indicated that current government stimuli will contribute to approximately $39 billion in IT expenditures between 2010 and 2013 in China alone.
Even if the Chinese government put the brakes on the economy’s rapid growth, Goldman Sachs estimates that Chinese development will still exceed 11 percent this year.
As The Financial Times said, “the arena for winning outsourcing business has moved back to the rising markets.”
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