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Overview: Offshore software development outsourcing has become a multi-billion dollar business, with estimates as high as $60 billion for 2007
Overview: Offshore software development outsourcing has become a multi-billion dollar business, with estimates as high as $60 billion for 2007. Areas like India, Russia, China, and Eastern Europe offer large pools of talented programmers who can be hired for a fraction of the rate of U.S. developers. Businesses have found that, with the right offshore partner, they can speed their time to market, lower development costs, spare their own personnel to focus on core competencies, and gain access to high-level talent without hiring hassles.
Outsourcing is big business. The combined IT and software development outsourcing market is expected to reach $300 billion in 2007 -- and that doesn't include business process outsourcing. So it's no surprise that many vendors, especially large ones, offer several types of outsourcing, such as software development, IT management, and business process, to make sure they don't leave any money on the table.
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