Remember Me
forgot your password?

Offshore Product Development Boom

Sundip Apte said product development has rising 10-fold from 2001 showing US dollar 300 million to over US dollar 3 billion in 2005, he assume the rising rate of offshoring product development to outsmart that of traditional IT services. In last three years more then 200 product development companies are jumped in the offshore bandwagon and established their presence in India, either through their own captive procedure or outsourcers. The rising ratio in this segment has cover traditional offshore IT services.

Companies like Sasken, Persistent Systems are focusing on outsourced product development, while Motorola and Cisco have wide teams focusing on product offshore software development in India. This segment is also predictable to increase the next boom for technology professionals finding challenging roles, close to one lakh professionals, this segment in India is expected to offer an over million jobs in the near future.

Main offshoring work is now being done in India. Ferrari works closely with Tata Consultancy Services to source multi-million dollar engineering services for Ferrari's Formula one car's engine and transmission components. World's leading aerospace company Boeing has signed an agreement with leading global IT enterprise HCL Technologies for the 787 Dreamliner. Under the multi-year, multi-million dollar project, HCL will provide engineering services to aerospace company and also serve tier one suppliers for the project.

Speaking on the growth ratio of offshore product development, Apte said, hi-tech companies started offshore product development and it will spread across the IT services industries. This will fuel the demand for offshore product development skills as companies from verticals like industrial controls and automotive dive onto the bandwagon."

The segment is rising as a growing percentage of products development's value now comes from software development. In service industries like automotive, telecom, and consumer electronics the role of software and embedded intelligence, as a way to add value, continues to expand. Most product offshore development will depend on offshore outsourcing skills to compensate for their own lack of internal expertise and software development process capabilities.

For more information: Offshore Product Development Boom

Rate this Article: 3.5 / 5 stars - 2 vote(s)
Print Email Re-Publish

  • Related Videos
  • Related Articles
  • Ask / Related Q&A
Add new Comment



Captcha

  • Latest Outsourcing Articles
  • More from Rajput Jitendra

Is the Combination of Low Start-up Cost and High Potential Earnings Right for You?

By: Bob B Hamilton | 02/01/2010
There seems to be a new businesses opportunity thrown out on the Internet every few minutes. Some of these are great ideas that have proven themselves to work. Others are just someone’s idea of a way to make more for them. One of the ideas that suggested on a much more limited basis is starting your own online outsource support company. While outsourcing is often mentioned, the normal thought is to use outsource resources to help you, not the opposite.

Let’s Look at Outsourcing from a Different Angle

By: Bob B Hamilton | 02/01/2010
Virtually everything being communicated about outsource support presumes the reader has a thriving business and needs lots of extra help to stay on top of their workload. Well, there is a completely different way to look at outsourcing. Let’s take a look at it as a supplier of a valued service. For many who are just starting their Internet marketing career, becoming a supplier may be the perfect choice to start their online business effort.

Let Outsource Support Power your Internet Marketing Business Forward

By: Bob B Hamilton | 02/01/2010
Imagine if you could put your Internet marketing business on the fast track to success. Imagine having first-class websites, sales letters that sell like crazy, huge numbers of relevant, high-quality articles written and submitted, traffic volumes you only dreamed of when you first started. Well all of this and more can be possible using reputable, qualified outsource support to help meet your business needs.

How To Make The Best Of Working With A Virtual Assistant?

By: Maneet Puri | 02/01/2010
Virtual assistants are a life saver in the present economic times. Not only do they make life easier by taking off the work load but the prices they charge result in cost savings for a business or a working professional. The benefits of hiring a virtual assistant are many.

Data Entry Services – How They Benefit SMEs?

By: Maneet Puri | 02/01/2010
All businesses, whether they are big organizations or SMEs, require data entry services in order to maintain the huge amounts of data. However, data entry processes are extremely time-consuming and monotonous. Also, any carelessness can lead to inconsistencies and errors in the data.

SEO Content Writing - Original, Unique Content Drives Massive Targeted Traffic to Your Website

By: Tess Tackett | 01/01/2010
Targeted visitors do not end up at your site by chance - the content is written in a way that attracts them there. Keywords and phrases are an integral aspect of your content that must be written in a way that is well optimized. Sound complicated? Learn more

5 Reasons to Outsource Software Development Projects

By: TuVinhSoft .,JSC | 30/12/2009
Why outsource software development services?

Why you should consider Remote System Monitoring

By: Keltec | 29/12/2009
Considering a Remote Monitoring Service has a lot of advantages. It has a lot of takers, especially for critical business where no downtime is affordable. Besides System Monitoring provides a way to augment your in-house support resources with additional expertise and out-of-hours cover without adding extra staff.

Offshore Product Development Boom

By: Rajput Jitendra | 12/08/2006 | Outsourcing
Today's services in offshoring market current fastest growing segments are product development, though small in size. Offshore product development boom is being fuelled by offshore companies across a variety of verticals from aerospace to medical equipment finding to drive more value-added developed software onto their products while cutting costs.

Threats and Opportunities in It Outsourcing for India and China

By: Rajput Jitendra | 12/08/2006 | Outsourcing
India and China may be two great resource pools for many of the world's top Information Technology companies now, but their rapid growth could produce some creditable competitors in a few years.

Analyzing India Software

By: Rajput Jitendra | 21/06/2006 | Outsourcing
There are many number of Multinational companies set up India Software having large and small projects costing nearly multibillion-dollar money when the initial contract is signed up.

Mini-savvy world of Software Development

By: Rajput Jitendra | 16/05/2006 | Information Technology
In Software Development field of Industry, there is increase in the competitive margin.

Planning to reshape the strategies of Software Development

By: Rajput Jitendra | 15/05/2006 | Information Technology
Keeping on giving higher increments and salaries are not going to change the plans and ideas of Software Development.

Extra Horsepower by Software Outsourcing

By: Rajput Jitendra | 11/05/2006 | Software
Software Outsourcing is typically associated with Information Technology, since big giants and banks often turn to outsource their work by offshore vendors to handle their back-office process and Internet delivery functions and with the advantage of cost cutting to live up with the competitive edge.

Offshore Outsourcing may change with Merger Process

By: Rajput Jitendra | 24/04/2006 | Software
According to news Offshore Outsourcing may change with Merger process. It is marked that more and more companies are now in the process of merger and acquisition rather than dealing by the way of Offshore Development.

Information Technology's input on Software Outsourcing

By: Rajput Jitendra | 21/04/2006 | Software
Informations Technology's input on Software Outsourcing suggests that in present global competitive scenario help from the overseas service provider has been one of the most important business processes for most of the IT companies.


Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.31, 1, w3)