Opportunities for International Intermediaries

With the United States having substantial trouble keeping up with the demand for more information technology workers and the rise in salaries of IT professionals, companies have started looking to more off shore companies to take on their outsourcing work. As a resort to lower prices many companies have started outsourcing work to contractors in the other parts of the world, since labor is cheaper comparatively. This has led to tremendous growth opportunities for international electronic intermediaries.

A country that has been a beneficiary of the shortage of IT workers faced within United States and has substantial potential for growth of electronic intermediaries is India. This year, software products should account for $5.7 billion in exports and one-quarter of the growth in India’s $400 billion economy. Because its strength dovetail so nicely with the needs of the West, moreover, India could become a more influential global player. Information Technology has also become a major driver of bilateral relations between the United States and India, since most companies are drawing upon talent pools outside the U.S to  meet their demands for IT workers. 1n 96-97 outsourced software development accounted for 41%of India’s software exports.  Presenetly, the software industry growth is growing at a rate of 50% to 60% annually.

ITsquare.com is already bringing together global buyers and sellers  to a common data platform. However, there is still plenty of scope for growth in many of the specialized IT services. Education, training and consulting are seeing a ready market due to the growth of e- commerce and globalization. Intermediaries targeting these sectors would have a ready set of buyers.