Knowledge Process Outsourcing (KPO) Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Knowledge Process Outsourcing Market Worth $124.29 Billion By 2025�
The global knowledge process outsourcing (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. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/knowledge-processoutsourcing-kpo-market
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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.
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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
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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
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Key players including McKinsey & Company, Moody’s Corporation, ExlService Holdings, Inc., Wipro Ltd., and HCL Technologies Ltd. dominate the global knowledge process outsourcing market
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 o
Customer & Marketing Analytics
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Operations & Supply Chain Analytics
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Competitive Intelligence & Industry Analysis
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Engineering & Design
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Financial Process Outsourcing
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Legal Process Outsourcing
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Publishing Outsourcing
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Research & Development Outsourcing
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Others
Application Outlook (Revenue, USD Million; 2014 - 2025) • BFSI •
Healthcare
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IT & Telecom
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Manufacturing
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Pharmaceutical
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Retail
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Others
Regional Outlook (Revenue, USD Million; 2014 - 2025) • North America
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U.S.
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Canada
Europe o
Germany
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UK
Asia Pacific o
China
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India
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Philippines
Latin America o
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Brazil
Middle East & Africa
Browse Related Report https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Table of Content Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 Knowledge Process Outsourcing (KPO) Market - Industry Snapshot & Key Buying Criteria, 2014 2025 2.2 Global Knowledge Process Outsourcing (KPO) Market, 2014 - 2025 Chapter 3 Knowledge Process Outsourcing (KPO) Industry Outlook 3.1 Market Segmentation 3.2 Market Size and Growth Prospects 3.3 Knowledge Process Outsourcing (KPO) - Value Chain Analysis 3.3.1 Vendor Landscape 3.4 Knowledge Process Outsourcing (KPO) Market Dynamics 3.4.1 Market driver analysis
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3.4.1.1 Increasing need for higher flexibility and lower costs 3.4.1.2 Augmenting demand for professional services 3.4.2 Market Restraint analysis 3.4.2.1 Stringent legal compliance obligations 3.4.3 Market challenge analysis 3.4.3.1 High attrition rate in the KPO industry 3.5 Penetration and Growth Prospect Mapping 3.6 Knowledge Process Outsourcing Market- Porter’s Five Forces Analysis 3.7 Knowledge Process Outsourcing - PESTLE Analysis 3.8 Key Company Analysis Chapter 4 Knowledge Process Outsourcing Services Outlook 4.1 Knowledge Process Outsourcing Market Share By Services, 2016 & 2025 4.2 Analytics & Market Research 4.2.1 Analytics & market researchknowledge process outsourcing market, 2014 - 2025 4.2.1.1 Customer & marketing analyticsknowledge process outsourcing market, 2014 - 2025 4.2.1.2 Operations & supply chain analyticsknowledge process outsourcing market, 2014 - 2025 4.2.1.3 Competitive intelligence & industry analysisknowledge process outsourcing market, 2014 2025 4.3 Engineering & Design 4.3.1 Engineering & designknowledge process outsourcing market, 2014 - 2025 4.4 Financial process outsourcing 4.4.1 Financial knowledge process outsourcing market, 2014 - 2025 4.5 Legal process outsourcing 4.5.1 Legal knowledge process outsourcing market, 2014 - 2025 4.6 Publishing outsourcing Continue…………..
About Grand View Research, Inc.: 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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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