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Offshoring in the financial services industry has happened much faster than anyone predicted with India accounting for four-fifths of the global market, a report has said
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The rise of the Indian software industry as a dominant force in the global software outsourcing market has been one of the most remarkable success stories of the past 15 years.
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Within two years of its 2003 starting, the San Diego-based maker of cell phone operating systems employed a work force across the globe.
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India isn't the only country benefiting from the boom in offshore outsourcing. Ukraine saw a 47% increase in sales of IT services last year, according to a research group GoalEurope.
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India is witnessing a severe shortage of skilled IT resources at all levels and also facing the daunting challenge of attrition
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Vietnamese government is trying hard to boost its rising economy by pushing itself into higher-technology and higher-margin businesses.
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Rising printing costs and short of technology understanding are forcing firms to look for alternative solutions to cut costs in document production.
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