China to overtake UK in software sale

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Revenues in the Chinese software product and services sector are forecast to reach $140 billion (£70 billion) by 2010, and already hit $21bn during the first quarter of 2008 alone, close to the sector's $27.5bn revenue predictions for the entire year in the UK.
India's software sales and services revenues are forecast to reach $52 billion this year.
Sean Finnan, president of the UK trade association for technology Intellect and UK country manager for EDS, said it is time for Britain to forget any hopes of matching China and India in the low-cost software market.
Finnan says the country should instead carve out a niche for itself in high-value end of the sector.




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