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Software in China, India to top $27bn by 2006
And China to pass India, says Gartner
Thu 11 Jul 2002 //
08:22 UTC
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China's software and application development services sector has the potential to become as big as India's by 2006, when the industry in both countries is expected to generate revenue of more than $27bn, according to Gartner Inc.
The Stamford, Connecticut-based market research company said China's WTO entry, its hosting of the 2008 Olympic Games in Beijing, and the reform of its domestic banking sector will all add momentum to an already fast-growing software and applications development services sector that is set to match the 35% annual compound growth recently enjoyed by its Indian counterpart.
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