Knowledge Process Outsourcing Market 2022-2028: Increased Adoption of Cloud Services Bolsters Sector - ResearchAndMarkets.com
By Business Wire
DUBLIN--(BUSINESS WIRE)--The "Knowledge Process Outsourcing Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global knowledge process outsourcing market is anticipated to grow at a substantial CAGR of 18.3% during the forecast period. Outsourcing companies are shifting towards cloud-based work platforms that help in reducing manual work and lead to work automation, so the efficiency of employees is improved, which is supporting the growth of the knowledge process outsourcing market.
The increasing adoption of cloud services and launches by players are gaining popularity in the market. Outsourcing cloud services to managed service providers can potentially be cost-efficient that are attracting businesses to adopt cloud-based outsourcing services.
The global knowledge process outsourcing market is segmented based on services and applications.
Based on the services, the market is augmented into market research & data analytics, customer & marketing analytics, operations & supply chain analytics, legal process outsourcing, financial process outsourcing, publishing outsourcing, and others.
Based on the application, the market is sub-segmented into the BFSI, healthcare, IT & telecom, retail, and others. The BFSI segment is expected to hold a considerable share in the market over the forecast, due to increasing concerns for revenue cycle management and managing customer data, which requires a lot of time and BFSI companies are outsourcing these tasks which are propelling the growth of the segment.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North America region is expected to hold a considerable share in the market over the forecast, due to the early adoption of new technologies & expansion in the IT sector is the key factor propelling the growth of the IT business outsourcing services market in the region.
The major companies serving the global knowledge process outsourcing market include Accenture Plc, Genpact Ltd., HCL Technologies Ltd., IBM Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., Texas Instruments Inc., Wipro Ltd., WNS Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
For instance, in 2019, SBL stared offering broad array of digital knowledge process outsourcing (KPO) services necessary to support clients achieve greater financial success and profitability. The company's KPO experts constantly explore new processes, technologies, and strategies to implement the best solutions for their clients. Moreover, the company offers customized knowledge process outsourcing Services that combine business expertise with domain-specific processes and enable its clients to companies transform their knowledge-related operations.
- Global Knowledge Process Outsourcing Market Research and Analysis by Services
- Global Knowledge Process Outsourcing Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global knowledge process outsourcing market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global knowledge process outsourcing market.
- Insights about market determinants that are stimulating the global knowledge process outsourcing market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
- Exlservice Holdings, Inc.
- Hewlett Packard Enterprise Co.
- Mckinsey & Co.
- Moody's Corp.
- R.R. Donnelly & Sons Co.
- Sap Se
- Tata Consultancy Services Ltd.
- Texas Instruments Inc.
- Wipro Ltd.
- Wns Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/swqdey
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First published on Thu, Dec 22, 2022
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