China The Biggest Outsourcing Vendor

Filed in archive Supplier from China on November 10, 2011

© markhillary

The capabcity and huge population in China is making it more possible for international companies to have an outsourcing relationship with China employees. This is a huge market for China. According to statistics by IDC KPMG analyses and Datamonitor, in 2009 the industry revenues totaled up to $13 billion with a huge projection that this will increase by $44 billion by 2014.

In just 4 years, the market will be booming, making it beneficial for the government, employees and the international companies who have been outsourcing freelancers for quite some time. It has been a turn of events as the previous winners of the outsourcing market use to be India, playing a huge role in call centers around the world. However, the growth of the China market has suddenly grown from the low cost and efficiency provided by Chinese locals.