Monday, August 23, 2010


Rapid growth in IT spending among various industrial segments, including government, banking and manufacturing are likely to propel the domestic software industry in near future.

The ongoing large-scale endeavors for 3G deployments are expected to fuel growth in the demand for 3G telecom software across variousapplication platforms.

Expanding broadband infrastructure with increased Internet penetration among Small and Medium Businesses (SMBs) will help the SaaSmarket to grow at a CAGR of approx 44% during 2008-2012.

The software outsourcing market is anticipated to grow at a CAGR of nearly 34% from 2008 to 2012.

The current perception of lack of required talent in coming few years is urging the foreign IT training and education centers to expand into China's IT education market.

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