In order to be successful, each entity has to be competitive and hence evolutionary in nature. Same is applicable to software industry. The software industry has changed significantly over last 20 years and will continue its evolution in the following 20 years.
In last 20 years, so many IT jobs have moved out of G-7 countries that the software development (number of jobs) share is almost close to 50-50 between G-7 and the rest of the world. Let’s look at some of the relevant factors that will shape the
offshore software development market in coming decades.
Most of the IT vendors are becoming global as most of the large companies are doing the same. Just follow the money! As large companies from non-IT sectors are expanding in non G-7 world, it makes sense even for IT companies to follow the suit.
This factor along with already mature IT industry in regions like Asia (India, China) only makes the offshore effect more pronounced. These effects will become quite significant over next decade especially in countries like India, where 50% of the population is below 25 years of age, which is important to provide skilled resources.
