Services Outsourcing Contracts have witnessed an increasing trend in Application Development and Support, Business Process Outsourcing and IT Consulting Services. During the calendar year 2010, the IT contracts awarded globally were up by almost 15% in H2 2010 as compared to H1 2010.
However, all the Indian vendors together have captured less than 20% of the global IT outsourcing market, leaving great scope for entering new markets and capturing new IT Services contracts.
Source:-http://economictimes.indiatimes.com/quickiearticleshow/7273679.cms
