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$12 bln will be spent on offshore research and development in 2010

Worldwide spending on offshore research and development and engineering will increase by 860%, from $1.25 bln in 2004 to as much as $12 bln in 2010, according to Gartner and reported by Information Week magazine.

Worldwide spending on offshore research and development and engineering will increase by 860%, from $1.25 bln in 2004 to as much as $12 bln in 2010, according to Gartner and reported by Information Week magazine. Offshore spending on infrastructure outsourcing will grow from between $100 mln and $250 mln to between $3 bln and $4 bln over the same period. Offshore spending on application-development services will more than double from $23 bln to as much as $50 bln.