Russia To Become Third Largest Outsourcing Destination by 2010
DUBLIN, Ireland - Research and Markets has announced the addition of Frost & Sullivanís new report ďSocial and Infrastructure & Labor Analysis for the Russian Information and Communication Technologies IndustryĒ to their offering.
The global information and communications technology industry has provided the supporting infrastructure for economic growth across the world in the last decade. Despite the setbacks following the failure of dot com enterprises, the ICT industry continues to show enormous growth potential. ICT is a vital component of the infrastructural support needed for the development of any economy. Global trends in telecommunications indicate a shift toward open access, creation of a healthy competitive environment, and a consequent drop in prices. Although companies are likely to continue outsourcing IT services mainly to India, they are also expected to increasingly witness lucrative bids from Russia, the Philippines, Ireland, Israel, and China.
ICT spending is likely to grow impressively, with emerging markets in eastern Europe and Asia Pacific leading the way. Shares of IT and telecommunications sectors are almost equally important in the total ICT spending, with governments and businesses accounting for more than three quarters of the spending. The growing affluence of the population and the globalization of enterprises also improve ICT consumption. It is vital for ICT enterprises to have a high-performance networking infrastructure, as their enterprise applications and operations depend on it.
Russia has been the biggest spender on IT among the central and eastern European (CEE) countries and its spending has been higher than the global average since 2002. This industryís growth is high and stable, considering it witnessed double-digit growth for the last five years and is poised for further growth until 2010, although consumption trends in telecommunication vary across regions as well as segments.
Russiaís vast human resources and low labor costs hold it in good stead in the ICT industry and have set it on course to becoming the third largest outsourcing destination in the world by 2010. Its competent education system provides its citizens with high levels of skills, excellent training, as well as intensive scientific and engineering expertise. However, the industry is impaired by a shortage of IT specialists but this is set to change, with the present government strongly focusing on the development of the IT industry, since the telecommunications industry is already well covered. Also, a series of high-profile industry reports changed the general perception that the ICT infrastructure in Russia is inadequate by publishing positive articles.
Frost & Sullivanís Information and Communication Technology Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its ICT industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.