|By Business Wire||
|March 21, 2014 10:55 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/b88nh4/global_knowledge) has announced the addition of the "Global Knowledge Process Outsourcing Market 2014-2018" report to their offering.
The analysts forecast the Global Knowledge Process Outsourcing (KPO) market to grow at a CAGR of 23.12 percent over the period 2013-2018 One of the key factors contributing to this market growth is the massive availability of data that needs to be analyzed and processed. The Global Knowledge Process Outsourcing market is also witnessing the transformation of the KPO industry into a consultative model. However, legal and compliance clauses set by different governments are one of the major challenges confronting this market.
Key vendors dominating this space include Evalueserve, Genpact Ltd., MphasiS, RR Donnelley & Sons Co. and Wipro Ltd.
Other vendors mentioned in the report are Aranca, CopalAmba, IP Pro Inc., marketRx Inc. (Acquired by Cognizant), RocSearch Ltd, Accenture plc, EXLService Holdings, Inc., and Infosys Ltd.
Commenting on the report, an analyst from the team said: The effect of the challenges confronting the market is expected to be negated to a certain extent by the presence of various trends that are emerging in the market. One such trend is the transformation of the KPO industry into a consultative model. With the help of analytics services, enterprises are able to predict trends and thereby help organizations gain a competitive advantage over their competitors. Therefore, the future of the Global KPO market looks promising with an expected increase in the types of services that are outsourced.
According to the report, the growth of the Global KPO Market is driven by many factors including the massive availability of data. Enterprises need data analytics to track the performance and behavior of the information stored in their IT systems. In addition, they require data analytics to develop innovative business strategies and improve their overall operational efficiency.
For more information visit http://www.researchandmarkets.com/research/b88nh4/global_knowledge
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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