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This is the second consecutive year that VanceInfo has been ranked number one by IDC in this category.
IDC is a leading global provider of market intelligence for the information technology, telecommunications, and consumer technology markets.
The IDC research paper China-Based Offshore Software Development 2009-2013 Forecast and Analysis expatiates on the current status of the China-based offshore software development market as well as vendor rankings.
According to the study, IDC calculates that the China-based offshore software development market reached 2.4 billion U.S. dollars in 2008, an increase of 22.1 percent over 2007.
The market is expected to grow at a 23.0 percent compound annual growth rate (CAGR) from 2008 to 2013, with business originating from European and North American clients expected to grow faster at 30.6 percent CAGR.
VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange.
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