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Tremendous growth of 23% CAGR for global KPO market

The for global knowledge process outsourcing market is set to rise by 23% CAGR (compound annual growth rate) over the next four years, according to econotimes.com.

2015-12-07 16:00:20

The new market research by Research and Markets cover the period 2015 - 2019.

"In line with global perspectives on outsourcing business activities across the globe, companies are looking for more analytical and specialist expertise, and hence KPOs are seen to be increasingly fitting such requirement of companies that are eager to outsource to third parties," reveals the report.

Commenting on the report, an analyst from Technavios team said:

"Reference data includes important data from credit agencies, financial service customers, and stock market trading. An increased pressure on capital market firms to outperform in the competitive global scenario, boost profitability in mature markets, and increase flexibility to perform in emerging markets are some of the reasons for many capital market firms to adopt outsourcing activities.

"Requirements such as long transaction windows, short settlement windows, and reduced turnaround times are driving the trend of reference data management for middle-office outsourcing."


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