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KUALA LUMPUR, Malaysia,
Jan. 28, 2013 /PRNewswire/ -- The global services industry looks to maintain strong growth momentum heading into 2013, with the
Asia-Pacific market as a major driving force.
Asia-Pacific continues to be preferred locations of choice with
The Philippines, and
Malaysia followed by
In 2012, the complex and uncertain global economic conditions, persistent struggle in the
Europe markets, combined with sluggish growth in the US due to impacted elections, and similarly tamed growth in developing markets (
Brazil) affected the outsourcing industry as a whole.
Asia-Pacific market outlook is prominently positive due to their domestic growth potential and with accelerated momentum they are likely to gain further from global outsourcing. However,
Latin America is looked to benefit from the near-shore trend and is likely to come up as competitor to APAC destinations. With increasing focus on cost, rural sourcing is set to pick up with government interest.
Krishna Baidya, Industry Manager, ICT Practice APAC, Frost & Sullivan, "The large LATAM market is location-dependant and locations such as
Peru are likely to register outsourcing growth whereas destinations such as
Honduras are likely come up often while picking nearshore destination."
"Global services providers are likely to set or expand their presence in those markets to take advantage of the market sentiment," he added.