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Event Details
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The Global Outsourcing Summit 2003
A Trillion Dollar Opportunity?
Conference
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3rd November 2003
Taj Westend,
Bangalore |
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A Trillion Dollar Opportunity? |
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IDC is pleased to present The Global Outsourcing Summit 2003, "A Trillion Dollar Opportunity?," which will take place in Bangalore, India on November 3rd 2003. IDC's services analysts from our offices around the world will host this one-day event. The goal of this Outsourcing Summit will be to help globally focused Indian-based services companies position themselves more effectively for opportunities around the world.
As we all know, India has become significantly important in the global IT and business outsourcing marketplace. In terms of revenue, Indian companies have derived 78 per cent of their aggregated revenues from companies in the US and Europe in 2002, compared to the five per cent of revenues earned in the Asia/Pacific region during the same period.
Furthermore, IDC predicts that US offshore outsourcing will grow at a CAGR of 22 per cent during 2002 to 2007, driven by factors such as skilled manpower, cost savings, proliferation of technological expertise among offshore firms, and urgency of IT projects. IDC has also observed that the first wave of Indian companies in the global marketplace have been focused primarily on sales and business development - getting that outsourcing contract and building up a strong revenue stream for the company.
However, these companies are growing up and to ensure that they take advantage of changing customer needs and buying behavior, they must become even stronger players in the competitive global marketplace. To truly compete globally, IDC believes that Indian companies must now focus on developing a strong marketing discipline within their businesses to achieve greater success. In the new computing landscape, developing sound and effective marketing strategies and tactics, based on a good understanding of their customers, will be key to taking advantage of the many opportunities that exist
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