IT companies eye $1.8 bn engg services market

Started by gopu, Aug 06, 2009, 11:54 PM

Previous topic - Next topic

gopu

BANGALORE: At a time when revenues from application development and Top Indian outsourcing cos |
Nine trends for IT in 2009 |
Cities that are IT hubs

maintenance are shrinking, Indian tech firms are seeing newer Top Indian outsourcing cos |
Nine trends for IT in 2009 |
Cities that are IT hubs
opportunities
emerging from engineering services outsourcing market, estimated to be worth around $1.8 billion and expected to reach $50 billion by 2020.

Tech companies such as TCS, QuEST Global, Infotech Enterprises and Tata Technologies are finding new opportunities because their top customers, including Airbus, Boeing, Bombardier and EADS, are changing their business models to cut costs with more outsourcing, bring in new risk-sharing partners and get closer to growing markets of India and China.

Besides seeing increase in volumes from aerospace customers for projects, such as Boeing 787 Dreamliner and Airbus 380, these companies are seeing new growth in the number of customers from verticals such as life sciences, healthcare and energy conservation which will grow the current $1.8-billion offshore market in India.