2006-06-05

Software Outsourcing Market Reaches 2.592b

CHINA'S software outsourcing services market reached 2.592 billion yuan (US$323 million) in the first quarter of 2006, Analysys International said.

The company, a leading Internet based provider of business information about technology, media and telecom (TMT) industries in China, says in its recently released report China Software Outsourcing Market Quarterly Tracker Q1 2006, that China's software outsourcing services market size increased 43.9 percent over the first quarter of 2005 and 2.1 percent over the fourth quarter of 2005.

Analysys International says China's software outsourcing market has great potential. The top 10 software outsourcing service providers' market share increased to 19.2 percent of the market total in the first quarter.

Segmented by industrial markets, industries including high-tech, consumer electronics, telecom and finance accounted for 95.4 percent of the market total. According to the report, the high-tech industry is still the most important software outsourcing market in China , accounting for 59.8 percent of the market total.

Analysys International says Japan is still the biggest contracting market to China, accounting for 59.2 percent of China's software outsourcing. Orders from Europe and the United States increased in the first quarter, accounting for 22.5 percent of the total market share. Contracting orders from Hong Kong accounted for 10.9 percent market share in China .

Source: Shenzhen Daily

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