Market for IT training in India Bears Huge Growth Potential

The market for IT training services is estimated at billions of dollars a year, with the turnover in Asia/Pacific region growing at a tremendous pace, where India is undisputed leader. IT training in India stood at $700 million in 2010, according to reports by Gartner. Inc. The local market for IT training services is growing, boosted by a fast-developing economy that is expanding rapidly and where the demand for high-qualified personnel is on the rise. In addition, the country is able to export IT training services to the outside world, with numerous service providers taking advantage of modern online technologies to offer distance learning courses to interested customers around the world.

The main driving forces behind such a growth have their roots in the fast rate at which economies in the region are developing, forcing a rapid modernization of the entire business environment and business practices, including a shift to technology-based economy. Moreover, the market for IT training services in India is approaching the $1 billion mark but there is also a huge growth potential behind these figures because the country needs even more skilled IT personnel than it is able to educate at the moment. Not that India lacks reputable educational institutions in the field of information technology but the economy is expanding so fast that the gap should be filled through numerous IT training courses available in the market, both in-class and online.

The emergence of reliable online technologies and means of communication helped Indian companies in entering the global market for IT training services. A combination of high quality, skilled IT trainers, and lower costs positioned India-based providers of IT training services on the top of the list of the most demanded service providers worldwide. A good number of American corporations also entrusted Indian suppliers of training services to train their employees online, giving a further boost to this IT service market segment.

India wisely invests in knowledge-based economy while the country is able to provide advanced services at affordable price due to the relatively low payroll costs, even in a field like information technology, where the wages are considered to be higher than the average.

Although the local market is still underdeveloped, thus offering good growth opportunities, a fair number of India's IT training companies specialize in outsourced services, looking for customers abroad rather than relying on the local market to expand their business. Those are usually enterprises based in the leading metropolitan areas where high-educated people tend to reside and where access to the required infrastructure is easier.

In spite of its current size and rapid pace of growth, the IT training in India still bears huge growth potential for both locally-focused and companies looking for international business.

Western Corporations Look to Benefit from Web Portal Development in India

A broad definition of 'web portal' covers web sites so varying in specialization, size, target audience, and structure that making a dissection of the market structure of web portal development in India is a task close to impossible. Nevertheless, based on market reports by Gartnter, Inc., one can make a safe bet that the trend of outsourcing projects is set to grow in the long-run, with the country topping the list of places where the software and web development outsourcing is flourishing.

Public web portals emerged in a natural way a few decades ago, offering valuable services like free e-mail, aggregated news, stock market quotes, etc. In fact, most of the widely popular public web portals have been developed outside India, mainly in the United States. At present, however, India is an unrivaled leader in world's software development outsourcing, including development of web portals, in a broader sense. Additionally, India has managed to establish a number of research and development centers, apart from traditional universities and colleges, where well-educated professionals graduate.

Average users tend to think that only a handful of worth-mentioning web portals exist on a global scale. Although such a statement has valid grounds when the matter in hand is which web portals we use to access news sources and e-mail services on a daily basis, a web portal, as said before, is a product that web surfers use much more often than usually anticipated. Those who deal with the services of the e-government on a daily basis are a good example of customers visiting a web portal regularly, while those may include services like healthcare, social insurance, unemployment services, etc. Thus, the market for web portal services is not limited to the commercial use of the product but also covers the public sector, which rapidly adopts online services.

A booming market for mobile devices worldwide is another major factor that boosts development of various web portals aimed at users in every niche imaginable. Furthermore, existing web portals have to be re-developed to provide reliable services to sky-rocketing number of mobile users, while software development in the West is costly compared to services offered by India's peers. Therefore, thanks to a combination of growing in numbers skilled software developers and lower payroll costs, India is becoming a major hub for development of various software applications and web-based solutions. The country still leads the pack of global destinations for high-quality and non-expensive software development, competing on equal terms with software developers based in Latin America and Eastern Europe.

A growing number of U.S. and Europe-based corporations outsource development of their intranet web portals to developers in India, which sparked fierce debates in the United States, and the driving force behind this evident trend is not purely economical – the lower production costs – but has its roots in the quality of service provided by local software developers. Despite some regulatory measures, taken by the U.S. and the European Union authorities, the business is increasingly looking to the Asia/Pacific region in search for affordable and high-quality software development services. That being said, one would safely forecast that web portal development in India, in particular, and software development outsourcing, in general, will be among the fastest growing segments of India's economy in the next decade.

Three Reasons to Outsource to Software Development Center in India

Software development outsourcing, or off-shoring, is becoming a widespread business practice among enterprises across various industries; many businesses today are choosing to outsource to a software development center in India. Many things can be said describing why India is emerging as the world's leading software development outsourcing hub, but three major reasons include cost savings and cost restructuring, quality improvement and access to knowledge, as well as innovation opportunities offered by IT outsourcing, in general.

India, which ranks first on the list of software development outsourcing centers in the world, offers obvious advantages to enterprises in terms of well-educated professionals, growing number of research and development centers, which are capable of dealing with complex projects, and extremely lower production costs compared to Western countries.

The costs related to development of a sophisticated business application in an Indian software development center can be as low as three times cheaper than its equivalent developed in the West. This does not necessarily mean that the software vendor would sell the product at three times reduced priced, but markedly lowers overall price of software applications whose development have been outsourced to developers in India.

The second major reason for corporations to outsource to India is related to the fact that the country's research and development centers are now able to offer high-end research services, comparable to that in the West. Access to knowledge is crucial in the fast-paced IT industry; this makes it difficult for companies to cope with these technologies, relying solely on in-house resources.

Thus, India offers affordable alternatives to enterprises that are interested in gaining access to cutting-edge technologies at an affordable price and develop products that incorporate up-to-date functionality. In addition, a fair number of businesses rely on India's software development centers to enhance their existing software applications and embed advanced technologies and functionality.

An opportunity to get access to innovative technologies and innovations, in general, is considered another major reason for companies to look for the services provided by India's software development centers. While the Silicon Valley retains its position as a leading incubator of highly successful IT start-ups, India is emerging as a center where a growing number of U.S. and Europe-based corporations outsource their research and development activities. Naturally, many of the technologies developed in these centers are copyrighted; however, India's software developers have gained valuable knowledge and the country now boasts at least two generations of software developers who have been involved in highly innovative projects.

A reputable software development center in India can offer various services and benefits to customers but the major advantages are as follows: significant cost reduction, access to know-how, and opportunity to develop innovative products at affordable price.