• China's software industry grew at a
CAGR of more than 39% over the period from 2001 to 2007 and is further anticipated to grow at a CAGR of nearly 22% through 2012. • Rapid growth in
IT spending among various industrial segments, including government, banking and manufacturing are likely to propel the domestic software industry in near future. • The ongoing large-scale endeavors for
3G deployments are expected to fuel growth in the demand for 3G telecom software across various
application platforms. • Expanding
broadband infrastructure with increased
Internet penetration among
Small and Medium Businesses (SMBs) will help the
SaaS market to grow at a CAGR of approx 44% during 2008–2012. • The
software outsourcing market is anticipated to grow at a CAGR of nearly 34% from 2008 to 2012. • The current perception of lack of required talent in coming few years is urging the foreign IT training and education centers to expand into China's
IT education market. ==Key companies==