IBM will snag half of India's outsoucing work by 2010

IBM is a major outsourcing company in India where it has around 36 percent of the market. But it is about to grow even bigger despite plenty of predictions that offshore outsourcing will be coming home to the United States. Big Blue's share is expected to grow to 50-60 percent in the next year. And it has been awarding outsourcing contracts worth anywhere from $500 million to $1 billion, according to the EconomicTimes.com

India tech firms will find it tough to challenge IBM in offering hardware, software, outsourcing, consulting and integrated solutions, according to the newspaper report. Meanwhile, Indian IT firms that had been depending on big integration projects from the mergers and acquisitions of banks in the United States, may be disappointed. The acquiring banks are opting not to integrate these systems and instead scale up their own systems and scrap the systems of the target banks, according to Peter Redshaw, Gartner's VP of research services.

For more on IBM in India:
- check out this EconomicTimes.com article

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