India would be the leader in the IT supplier market in the year 2007. Russia is emerging as a strong competitor in the IT outsourcing market. As per reports the global services initiatives will be a key driver in shaping the top trends.
The major trend will be business transformation that will help the companies to leverage to make an improvement to standardize processes, gain new business, time-to-market and also to lower the costs.
With the European companies’ off-shoring work to countries like Philippines, China and India, the European market for global services would grow at a fast rate. India is expected to face competition from Russia. The Russian market for IT outsourcing is expected to register a growth of 40-45% in 2007. Russia is the third largest IT outsourcing supply market, behind India and China. The Russian IT companies have a specialization in high end software as well as embedded software product development. It looks like the Indian IT outsourcing has a strong time ahead.
