US$55.9 Billion for IT Services Market

That large amount of number is delivered by Springboard Research , The IT market research and advisory firm. This US-based firm also said that India is to be the fastest growing IT services while China is taking the largest regional opportunity by 2011.

Phil Hassey, Its vice president added that the markets of interest are not just about the classical four - China, India, Australia, and Korea - but also take place in Indonesia and Vietnam.

Here is the top ten countries according to this research based on Market Attractiveness Index:

1. People’s Republic of China
2. India
3. Australia
4. Korea
5. Indonesia
6. Vietnam
7. Malaysia
8. Rest of ASEAN
9. Singapore
10. Philippines

In this period (2007 to 2011), The fastest growth element in IT service will be Application Hosting. However, the largest one is still belongs to Enterprise Application Integration.

What about Outsourcing? Well, in 2007 this is the largest market but since Chinese firms do not interested very much in this, it will reduce automatically by then.

Hmmm, a quantity (note: China population) that matter!

Source: Rishi Seth Manager - Marketing of Springboard Research