For the benefit of those who don't want to register, here is the brief -
India leads the world in providing offshore services in business and technology, with revenues of $58 billion in 2008, out of a global total of $80 billion. McKinsey estimates this is just the beginning: the global market for offshore business and technology services could grow to about $500 billion by 2020. Yet even with this growth, the industry will still serve less than 1/3 of the potential market for these services, which McKinsey estimates at $1.65 trillion to $1.80 trillion in 2020.
3 comments
[ 1616 ms ] story [ 570 ms ] thread500 / 80 = 6.25x growth in (2020 - 2008) = 12 years.
6.25 ^ (1/12) = 1.165x growth per year or 16.5%, but outsourcing is only growing at ~8%. And it looks like the trend is slowing down.
This report is as useful as yesterday's racing form.