As per latest research conducted by ReportsnReports, the Chinese IT outsourcing market is expected to grow at a compound annual growth rate (CAGR) of 25% during the years 2013-2018. The research shows that China’s approach in acquiring the latest technologies like cloud computing, mobility , analytics and big data is the major contributing factor in achieving the high growth rates in both the IT industry and IT outsourcing industry.
The Social media, mobility, analytics, computing (SMAC) technology new SMAC technology is an emerging trend in Chinese IT outsourcing sector and is providing cost effective business opportunities. The China IT industry is switching to new means of doing business in order to redesign systems in an efficient and effective manner. The latest technologies and innovations have worked as fuel for growth for the business process outsourcing concept. Many countries like China, Philippines and India are adopting latest trends to meet the changing needs of doing business efficiently and effectively. Surely, in coming years BPO market will be one of the most powerful markets in the business industry of outsourcing.
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