How is software outsourcing industry doing in the Asia

1. Indian — The Godfather

According to various organizations such as Deloitte, Nasscom, etc., India remains the top choice for software outsourcing. 59 out of 100 companies asked by Deloitte have put it that they are outsourcing or had experience of working with an Indian software development vendor. Furthermore, there are also 22% of the participants said that they are considering to develop their product in this country.

2. Vietnam — The coming of age

Vietnam was widely known as a country of war and agriculture for long. However, at the moment, this very country is continuously growing to be one of the most prominent countries in the software development industry, especially the outsourcing business.

  • To become Japan’s second largest partner in software and outsourcing service since 2014. Research conducted by the Information Technology Promotion Agency Japan states that Japanese companies are using 20,000 Vietnamese employees in ITO (Information Technology Outsourcing) and BPO (Business Process Outsourcing). Not only does this happen due to the lack of IT human resources in this country but it is also because the quality of software engineers in Vietnam is increasing.
  • To be in the top 6 most attractive software outsourcing service provider in AT Kearney’s 2017 Global Services Location Index. Moving from the 11th place in 2016, Vietnam finally became the 6th fastest growing software outsourcing country in 2017 GSLI, passed Thailand and the Philippines on the list. It is worth noticing that this has been the first time Vietnam make it in the top 10 since 2013. This index also stated that in 2015, Vietnam’s outsourcing industry reached $2 billion and is developing at a rate of 20–25% annually for the past 10 years.

3. Thailand — The hidden dragon

Thailand is another good choice for many businesses to seek for an effective method to reduce costs and enhance the internal operation.

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