China IT Outsourcing Statistics: Three Times Bigger Than IndiaFebruary 28, 2012 12:51 am
“China’s software and IT services industry grew 32.4 percent in revenue in 2011, as software exports and outsourcing due to rising customer demands helped boost the market.
According to a report by Chinese news site Xinhua on Sunday, the country’s software and IT services raked in 1.84 trillion yuan (US$292.2 billion) last year, and the growth was 4.4 percent higher than the industry’s average growth rate during 2006 to 2010.”
Statistics Source: ZDNet
How do we digest this number? Well, we know India’s outsourcing numbers and the global IT market size – 292 billion, while not a big part of the overall IT spend of 3.6 Trillion USD, is not negligible either. Look at it this way – one in twelve dollars of IT spending goes to China.
Also remember China Millionaire stats – every second millionaire in China wants to emigrate!!
By comparison – India’s IT BPO Market is just 88.1 billion USD., less than one third of the chinese market.