As reported, the Indian software industry lobby, almost half the Fortune 500 companies use Indian Software services. As the world’s second largest exporter of software after the US, India is the source of management and technical talent for over 40% of new start-ups in Silicon Valley. Moreover, India has more software companies with ISO 9000 certification than any other country in the world.
Nowadays IT leaders will continue to outsource in order to facilitate cost-savings with a slow economic recovery. However, cloud sourcing, often predicted as the death of outsourcing, will soon merge with the existing outsourcing market and provide better opportunities for the entire industry. With the Indian companies on the buying end, the outsourcing industry will witness mergers between major Indian IT service providers and US-based outsourcers.