Turns out the offshoring trend has legs longer -- and stronger -- than many experts expected.
As reported on CIO Update, an IDC analyst called offshore growth rates "quite astounding." They are perhaps even more astounding, considering that he and other observers had expected a slowdown in the market by now.
How are they doing it? By signing bigger contracts, forging strategic relationships with companies like SAP and Microsoft, offering new services such as software testing, and expanding beyond their own shores into China, Latin America and other areas.
The analyst expects the overall offshore market to experience annual growth rates of 15 percent over the next several years, hitting $29.4 billion in sales by 2010.