China Offshore Software Outsource Market Approached CNY4BN in Q1

BEIJING (AsiaInfo Services) (May 15, 2008) – China’s offshore software outsource market reached CNY 3.927 billion in the first quarter of 2008, rising 25.27% from a year earlier, shown in the latest data from Analysys International.

The top three outsource companies are Neusoft Group Ltd., hiSoft Technology International Ltd., and Insigma Technology Co., Ltd. (SHSE: 600797).

In the first three months, Chinese outsource companies began to focus on the domestic market, and provide Chinese businesses of foreign companies with software development, ITO (information technology outsource), and BPO (business process outsource) services. 

Insigma set up the locally largest European and American software outsource talents training base, the Insigma Training Center, in Zhejiang University.

In a previous report by the Ministry of Industry and Informatization, in the period, China’s software exports amounted to USD 2.4 billion, surging 54.3%, including USD 800 million of embedded software exports and USD 170 million of software outsource exports.