At present, the scope of China's software outsourcing service market has reached US$1.43 billion , up by 55.4 percent from the same period last year. The software outsourcing service has become one new growth point of China's software industry. Xiao Hua, director of the Electronic Products Management Department, in the Ministry of Information Industry (MII), pointed this out at the 2007 China (Wuxi) Software Exports (outsourcing) Forum, held in Wuxi, Jiangxi Province.
According to statistics, the annual growth of China's software outsourcing service market reached 52.1 percent from 2001 to 2004. The value of the market increased from US$180 million in 2001 to US$633 million in 2004. It is predicted that China's software outsourcing services market will develop rapidly with an annual growth rate of 48.4 percent from 2005 to 2009. By 2009, the market value of China's software outsourcing services market will reach US$4.56 billion. The rapid growth of China's software outsourcing service market is profiting from the resuscitation of the international outsourcing market and the gradually maturing, local outsourcing market.
By People's Daily Online
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