Offshore IT Outsourcing Beijing
Beijing, China Accelerates Their Offshore IT Outsourcing
Amidst the success of Indian IT outsourcing companies, offshore IT outsourcing in Beijing strives to gain a competitive position in the global information technology services outsourcing industry, Beijing-based IT outsourcing companies are, indeed, experiencing rapid growth. Since 20001, the number of professionals involved in offshore IT outsourcing in Beijing has doubled every year and annual revenues, currently around US $4 to $5 billion, are increasing at a rate of 20 to 25 percent each year.
The clients of offshore IT outsourcing in Beijing include multinational and domestic companies not only in the computer technology or IT industry but also in other industries such as automotive, banking and finance, telecommunications and manufacturing. Offshore IT outsourcing in Beijing helps these companies develop, test, research and maintain their IT applications.
As with other types of service outsourcing, clients choose to outsource all or some of their IT functions to offshore IT outsourcing in Beijing because these tasks are not their main competence. Clients save time and money in having a competent third-party service provider develop their IT requirements and maintain them, ensuring all program requirements are reliably met at all times.
Certainly, the IT outsourcing world is seeing a trend where an increasing number of multinational firms are distributing a portion if not all of their IT outsourcing to offshore IT outsourcing in Beijing and other Chinese cities. This is known as multi-sourcing, in which companies outsource work to more than one service provider. Industry statistics show about 56 percent of companies has a diversified outsourcing base. Multi-sourcing is a common practice especially among large multinational companies, which chooses to spread their outsourcing to various providers in order to utilize their unique advantages and competencies.
Primarily, offshore IT outsourcing in Beijing and China, for that matter, saw a sharp rise in demand a couple of years back around 2003 and 2004, when global companies started looking for alternative offshore destinations to India where the mature IT outsourcing industry has been experiencing increasing costs over the last ten years. As Chinese industry players point out, offshore IT outsourcing in Beijing is not always in direct competition with India.
While tapping into the international market is a primary goal for offshore IT outsourcing in Beijing, many providers are looking to capture multinationals with business operations in China that want to local IT outsourcing providers to help them expand their businesses not only in China but also in Japan and South Korea, where Chinese providers have definite cultural and language advantages. Offshore IT outsourcing in Beijing is aiming to fill the gap in this huge market, which has given them a great opportunity to create their own competitive niche in the global market.
While offshore IT outsourcing in Beijing is relatively small having just started a few years ago, it is indeed growing fast. Furthering the growth of offshore IT outsourcing in Beijing is the development of local talent and the “sea turtle” phenomenon, referring to the return of Chinese IT specialists who have studied and worked overseas to their home country where the economy is growing at such incredible pace. Additionally, the Chinese government and the service outsourcing industry are working together to improve the English-speaking capabilities of their professionals aside from other industry development plans that they have put in place including strict enforcement of laws protecting intellectual property rights.
Adding all the unique advantages of offshore IT outsourcing in Beijing and the collective effort of the industry and the Chinese government, there is definitely a great potential for continued growth of IT outsourcing in this region. Global interest in offshore IT outsourcing in Beijing is on the rise and Chinese service providers are moving fast to deliver.
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