Recent Tends in Sector

Given the rapid growth of this sector, several companies have started to use offshore development in China, India and other countries with a lower cost per developer model. Several new Web 2.0 platforms and sites are now developed offshore while management is located in Western countries. The advantages mostly revolve around better cost-control over the process, which means that there is lower cash-outflow (often the biggest struggle for startups). Furthermore, the time difference when working with India and China for the Western world allows work to be done round the clock adding a competitive advantage. Notable firms that are involved in development include Tata Consultancy Services, Infosys, Wipro, and Satyam