According to analysts, on the results of 2006 the level of foreign investments into the Indian
Offshore Software Development
Industry will reach $1 billion. There is special attention of foreign investors to the Indian IT-branch is quite explainable. There is around 2% of the capacity of the world IT-market, which is more than $900 billion. However, growth rate by parameter 24-26% a year Indian high technologies have left the average world indicators far behind.
The participant firms of the world
market associated with the most unexpected and promising innovations in
Offshore Software Development
, was like the most daring computer crimes with the Indian experts in the high-tech sphere. From many years, international IT organizations have been good form to import programmers from India. Buying up from Indian IT-experts, the western investors have for the first time transferred to the buying up of the shares of Indian companies. However, it is only recently that the majority of Western participants of the Offshore Software Development have started thinking about more serious investments in the country like India. This has been the year’s main trend. According to the evaluations of some companies, this year foreign investors have invested around $900 million into the Indian Offshore
Software Development industry
compared to 2004 the level of investments increased by more than 75%.
Such growth rate of investments into the Offshore Software Development is quite justified context to the Indian Economy, they say in the Ministry of Information and Communication. One of the reasons is the positive expectations of the participants of the market and of the investors that are connected with the shaping of a full-scale normative base, which actually singles out the Information Technology branch and guarantees the stable development of this segment. Look one example which shows that, like the adoption of the Law on Digital Electronic Signature will drastically increase the capacity of the market of IT-services and consequently the value of the companies working in it.
The experts say that, there is a combination of several factors, which are responsible for the Offshore Software Development of high-tech business in India: the global economic growth, the increase state demand for Information Technology products and solutions, insufficient proliferation of home computers. However, some firms of the market say that the circumstances of the kind were present one and two years ago as well.
By analyzing found out that the market name a lot of reasons for the growth of the Indian
Offshore Software Development market
and for the growth of the demand for the products and services offered by the Indian companies.
Both the market of Offshore Software Development and the market of retail products “packaged” versions of software oriented at home computers and medium-sized and small business are also growing quite rapidly. It is the rapid growth of the market’s software segment that they name as one of the main reasons. The high demand for the software produced in Indian is increasing both inside the country and around the world. According to the evaluations of the participants, in sum
will make around $2, 4-2, 5 billion on their products coming year in Software Development Industry.