Global Knowledge ProcessOutsourcing (KPO) Market is
expected to reach USD 124.29 billion by 2025, according to a new report by
Grand View Research, Inc. The outsourcing of knowledge processes facilitates
the maximum utilization of resources at much lower costs. In addition, growing
opportunities in legal process outsourcing and increasing applications in the
IT & telecom, healthcare, and pharmaceutical segments are driving the
market growth.
The presence of a large pool of resources
in emerging economies is resulting in the growth of knowledge process
outsourcing firms. Currently, companies prefer outsourcing work that involves
critical processes and a large amount of time so that they can employ their
resources in other revenue-generating tasks, which, in turn, saves the time and
money of organizations.
The IT and telecom segment is expected to
grow at a faster rate with a CAGR of 20.8% over the forecast period. Increasing
data in the IT and telecom industries is resulting in larger usage of
analytical tools and R&D in the field to extract useful information thereby
resulting in growth of the market over the years.
The engineering and design segment has a
large market share and is valued at USD 5.53 billion. Owing to technological
advancement in the engineering sector, there is a high demand for outsourcing
the designing part of the components. The Latin American region is
expected to witness the fastest growth in the global KPO market due to the
increasing emphasis laid on research and analysis of data by many large and
medium size companies present in the region.
Full Research Report on Global Knowledge
Process Outsourcing (KPO) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/knowledge-process-outsourcing-kpo-market
http://www.grandviewresearch.com/industry-analysis/knowledge-process-outsourcing-kpo-market
Further key findings from the report
suggest:
- The analytics & market research segment dominated the
market in 2016 and is estimated to generate a revenue of over USD 45.18
billion by 2025. The growing data over the globe has resulted in
increasing demand for analytical tools and market research to segregate
useful information from the massive chunk of available raw data
- The legal process outsourcing segment is anticipated to witness
the fastest growth at a CAGR of 21.5% over the forecast period. Many
companies outsource their legal tasks to experts in order to reduce time
and costs incurred.
- The BFSI segment was valued at USD 9.66 billion in 2016 and is
estimated to reach USD 37.94 billion by 2025.Increasing concerns for
revenue cycle and managing the customer data requires lot of time and hence
companies in this segment are outsourcing these tasks
- The industry in Latin America is projected to witness a
substantial growth over the forecast period, which is attributed to the
increasing number of skilled workforce. The regional market is expected to
attain USD 9.13 billion by 2025
- Key players including McKinsey & Company, Moody’s
Corporation, ExlService Holdings, Inc., Wipro Ltd., and HCL Technologies
Ltd. dominate the global knowledge process outsourcing market
View
more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the Knowledge Process Outsourcing (KPO) Market on
the basis of service, application, and region:
Service Outlook (Revenue, USD Million;
2014 - 2025)
- Analytics & Market Research
- Customer & Marketing Analytics
- Operations & Supply Chain Analytics
- Competitive Intelligence & Industry Analysis
- Engineering & Design
- Financial Process Outsourcing
- Legal Process Outsourcing
- Publishing Outsourcing
- Research & Development Outsourcing
- Others
Application Outlook (Revenue, USD
Million; 2014 - 2025)
- BFSI
- Healthcare
- IT & Telecom
- Manufacturing
- Pharmaceutical
- Retail
- Others
Regional Outlook (Revenue, USD Million;
2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Philippines
- Latin America
- Brazil
- Middle East & Africa
View Press Release Of This Report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-knowledge-process-outsourcing-kpo-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit: www.grandviewresearch.com
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