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Technical communication, a $100 million market today, is likely to
reach $800 million by 2012.
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Saturday, December 05, 2009:
Technical Communication has evolved to be recognised as a industry,
agreed experts and industry leaders at the Society for Technical
Communication Annual conference. According to these experts, technical
communication is a $100 million market today and growing to reach $800
million by 2012 and over a billion in the next five-six years. This
growth is backed by a surge in outsourcing demand, improved human
capital supplies and larger domestic customer bench.
Rakesh Shukla, managing director, The Writers Block, said, "The
technical communication space is evolving into a fast growing industry
owing to a rise up the value chain in terms of delivery for the
domestic and global customer. It is also an enhanced ROI proposition
for customers and further aided by superior technologies and tools. One
is likely to see technical communication evolve into a diverse,
technology intensive, consumer friendly-collaborative space."
"Globally
technical communication industry is about 15 per cent the size of the
software industry, however in India the trend is fortified by the
growing aerospace and defence sectors, the growth of the digital
economy and the growing focus on product engineering," he added.
Also
speaking on the occasion, Ravindranath Parameswaran, executive
director, TIE, Bengaluru reflected on the growth of the technical
communication industry and how innovation and entrepreneurship needs to
be encouraged to make the most of the opportunity available in India.
The
technical communication industry has seen a surge in demands for
outsourcing projects, which has gone up, especially after the US
economic meltdown. The number of companies banking large documentation
and technical communication projects in India has increased
significantly. This is backed by the rise in availability of trained
and experienced technical communication talent and workforce. This
confidence in this nascent industry is also strengthened by a large
number of domestic companies spending at significant percentage of
their budgets on technical communication and documentation needs.
Speakers
at the conference pointed out that the multitude of career
opportunities available, backed by international standard education and
training facilities have converted technical communication into a
growing and attractive career option for many.
The customers for
technical communication and documentation services includes sectors
like IT technology products, outsourcing, manufacturing, banking,
financial and insurance, aerospace, defence, hi-tech manufacturing, ERP
and CRM, pharmaceutical, education and business consulting.
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