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Friday, September 09, 2005
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INDIAN TESTING MARKET
- Size of Indian testing market estimated at $300 mn
- META Group study reveals that testing business in India in 2003-04 was
$200 mn
- Size could increase to $700 mn-$1 bn by 2007
- Growth rates in excess of 100% likely for next five years
- India has 8 to 10 independent software testing firms
- 15-20% growth from domestic software testing market expected
- Domestic demand to come from BFSI, government, healthcare and
manufacturing segments, banks and financial institutions, insurance service
providers, independent software vendors, manufacturing, healthcare and life
science domains manufacturing, healthcare and life science domains
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