A Zinnov report released recently encompasses the details and insights of the current scenario of Indian product engineering offshoring market and forecasts a growth of 23% in the same by 2012. The Study also shows that there are close to 600 captive centers spread across five major IT cities (Bangalore, Pune, NCR, Hyderabad, Chennai) in India, they follow closely with a count of 96 and 87 captives respectively. According to the report, Offshoring market today is segmented into three horizontals, Software Product development(53%), Engineering Services(21%) and Embedded Systems(26%).
The report also gives the essence of the available talent pool in India furthermore the report also highlights the attrition rate in captives and also gives the predictions of growth rate by 2012.
Zinnov also predicts that the long term potential of the industry is robust and there are many powerful forces which will continue to drive the economy growth.
Engineering requires to deliver optimum solution across the globe with high quality,significant cost savings and fast turn around time
By: Outsourcing Engineering on December 5, 2008
at 11:51 am