 Volume 5 Issue 11 | December 2007 |
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Welcome to the December 2007 issue of Global Services Insights. We continue to track the Services Globalization industry to provide you with the latest news, views and trends that shape the way services are purchased, delivered and managed around the world.
This month, neoIT’s newly issued research brief 2008 Globalization Trends, examines the trends that will shape the services globalization market in the coming year. An economic downturn in the U.S. will increase demand for global services in 2008 as the Fortune 1000 seek
to reduce costs, but service providers will encounter substantial challenges to satisfy sourcing needs because of the falling
dollar and acute labor shortage in India |
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| Offshore Outsourcing Articles |
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2008 Global Trends
By neoIT |
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neoIT’s newest research brief, 2008 Globalization Trends, forecasts continued strong demand
for global services as buyer look to reap cost savings by tapping into the global services
economy. The increased demand will be to the benefit of global service providers, with India
continuing to lead the market. India, however, is expected to experience some disruption as
rampant inflation and employee turnover impact business progress. Some secondary market service
providers will likely become acquisition targets by powerhouse Indian service firms.
“Strong demand for global services will be driven by the need to cut costs as the U.S. economy slows,”
said neoIT CEO Eugene Kublanov. “India will remain the geographical focal point of services
globalization, but emerging markets will assume a significantly larger role in fulfilling
sourcing needs. For both buyers and providers of global services, 2008 will be filled with many
opportunities, but also real challenges.”
Successful service providers must be able to quickly adapt to the rapid changes in the market,
expanding their role from application globalization to providing a broader scope of business
restructuring services.
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| Industry Research and Case Studies |
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The 2008 Outsourcing World Summit
February 18-20, 2008
Orlando, Florida
**Atul Vashistha, neoIT Chairman, to address a keynote on the topic of ‘Creating a Competitive Advantage through Change’ in the prestigious IAOP event.
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| Offshore Knowledge Center |
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Visit the Offshore Knowledge Center to learn more about services globalization. Review best practices on the full lifecycle of global services delivery from assessment and due diligence to transition, on-going management and analysis. You will find reports written by respected industry analysts, articles from around the Web, and other important resources, such as newsletters and presentations.
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Your Space
(Readers write-in) |
| neoIT derives knowledge from market intelligence. Your opinions and views matter to us. If you feel you have something interesting or important to tell us, please write to articles@neoIT.com. |
| Note: Articles will be edited for content and length. |
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