The IT Outsourcing Market in China to grow at a CAGR of 25.01% over the period 2013-2018
IT outsourcing can be defined as an integrated platform of AO and IO. Organizations have IT outsourcing departments and are responsible for the safeguarding, processing, transmission, and retrieval of information. IT outsourcing departments manage all IT-related services, software, and solutions to integrate and streamline various processes, thus facilitating a smooth flow of organizational information. They also help organizations align their business processes with various technologies and improve the overall efficiency.
Increased adoption of cloud computing, mobile, and Big Data is a major trend in the market. Moreover, new technologies such as social media, mobility, cloud computing, and analytics are emerging trends in the IT Outsourcing market in China. These technologies are redesigning the entire system in an efficient manner and congregating consumer practices in the corporate world.
According to the report, China’s strategic approach in entering new markets such as Cloud Computing, Big Data, Analytics, and Mobility is accelerating the growth of the IT industry and, hence, the ITO industry in the country.
Further, the report states that one of the major challenges in the market is the emergence of other competitive countries in the IT Outsourcing market. The competition that China faces from other offshore destinations is on the rise, thus increasing the threat of rivalry.
- Digital China Holding
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