Offshore IT Outsourcing Service Providers Shanghai

Plans and Predictions for the Growing Offshore IT Outsourcing in Shanghai

Offshore IT outsourcing service providers in Shanghai are anticipating continued growth of their industry as the city’s five-year economic plan identifies this sector as one of its top priorities in its efforts to develop Shanghai’s broad service industry.

The pioneer base for offshore IT outsourcing service providers in Shanghai will be Pudong New Area. As Shanghai shifts into the industry of IT services outsourcing, the city and the country have studied carefully the results of the earlier outsourcing programs implemented by offshore IT outsourcing service providers in Shanghai and are continually working to improve their capabilities. Moreover, the abundance of IT talent and excellent infrastructure in the city has contributed greatly to making Shanghai a prime destination for global IT services outsourcing.

Analysts predict that that China’s IT outsourcing market will reach hundreds of billions in the next three to five years. Each offshore IT outsourcing service provider in Shanghai is expected to play a major role in making this forecast happen. Among other major cities in China, Shanghai’s human resources stand out particularly its business and IT executives especially in terms of experience in working with multinational companies. Because of these, many companies see great potential for an offshore IT outsourcing service provider in Shanghai to offer advanced IT outsourcing services.

Over the last couple of years, offshore IT outsourcing service providers in Shanghai have been focusing on developing its industry and they have been very successful. In 2006, the offshore IT outsourcing service providers in Shanghai collectively generated about US $76 billion in revenues making the IT services outsourcing industry Shanghai’s number one industry for the last five years. The 26 major firms that make up Shanghai’s software industry have generated close to US $8 billion. Additionally, the IT services outsourcing industry has accounted for more than 10 percent of Shanghai’s total gross domestic product. IT industry exports in Shanghai made up one-third of the city’s total export value at US $37 billion.  

Future Plans and Forecasts

To further contribute to the growing opportunities of every offshore IT outsourcing service provider in Shanghai, city officials are planning to establish a wireless broadband network across the city to be completed in time for World Expo in 2010, which Shanghai will proudly host. This project will be the first of its kind on mainland China.

In addition to this, large telecommunications firms have already finalized agreements with the city’s IT commission concerning investments amounting to 40 billion Yuan for the improvement of local IT infrastructures and other facilities. Moreover, Shanghai will make big investments on other IT projects such as a digital management network for transportation, electronic payment systems, digital social security system and customs application system. All these development plans offer strong support to every offshore IT outsourcing service provider in Shanghai. Making the city technologically developed will certainly attract more business.

In addition to technological improvements, offshore IT outsourcing service providers in Shanghai are further harnessing and developing high-level skills in English and another foreign languages; management and leadership skills as well as knowledge of various industries aside from information technology such as banking and manufacturing.

The availability of highly qualified talents and the continuous investment in human resources training and development of each offshore IT outsourcing service provider in Shanghai inevitably strengthens the competitiveness of the Shanghai IT outsourcing industry in the global market.

Indeed, analysts are highly optimistic that the entire information technology in Shanghai will double its revenues and may reach more than US $100 billion at the end of the decade especially with the coming Shanghai World Expo, which highlights Shanghai as a new economic center. City officials have expressed their clear goals of investing in IT infrastructure, developing Shanghai’s high-technology services and building the capabilities of every offshore IT outsourcing service provider in Shanghai.

For more information on our ITO and BPO services, please feel free to contact us today.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75