According to a new ARC Advisory Group study, 'Offshore Product Design Services Worldwide Outlook', the market was EUR0.9billion ($1.2billion) in 2006 and is forecasted to be over EUR3billion ($4.1billion) in 2011.
Dr Steve Banker, ARC Advisory Group service director, says: “When you have forecasted growth of over 25 per cent for a market that is already larger than a billion dollars, you are looking at an extraordinary market. One explanation for this is the power of the global service delivery business model.”
