AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Knowledge Process Outsourcing Industry (2020 to 2027) - Key Market Trends and Drivers - ResearchAndMarkets.com

July 9, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jul 9, 2021--

The “Knowledge Process Outsourcing (KPO) - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Knowledge Process Outsourcing (KPO) estimated at US$53.9 Billion in the year 2020, is projected to reach a revised size of US$156.5 Billion by 2027, growing at a CAGR of 16.5% over the analysis period 2020-2027.

Analytics & Market Research, one of the segments analyzed in the report, is projected to record a 15.6% CAGR and reach US$53.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Engineering & Design segment is readjusted to a revised 16.4% CAGR for the next 7-year period.

ADVERTISEMENT

The U.S. Market is Estimated at $14.5 Billion, While China is Forecast to Grow at 21.1% CAGR

The Knowledge Process Outsourcing (KPO) market in the U.S. is estimated at US$14.5 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$36 Billion by the year 2027 trailing a CAGR of 21.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.

Financial Process Outsourcing Segment to Record 16.6% CAGR

In the global Financial Process Outsourcing segment, USA, Canada, Japan, China and Europe will drive the 15.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.9 Billion in the year 2020 will reach a projected size of US$19 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.3 Billion by the year 2027, while Latin America will expand at a 18.4% CAGR through the analysis period.

Select Competitors (Total 34 Featured):

ADVERTISEMENT

  • Accenture plc
  • ExlService Holdings, Inc.
  • Genpact Limited
  • HCL Technologies Ltd.
  • Hewlett Packard Enterprise Company
  • IBM Corporation
  • McKinsey & Company
  • Moody’s Corporation
  • Mphasis
  • Oracle Corporation
  • Pangea3 (Thomson Reuters Corp.)
  • R.R. Donnelly & Sons Company
  • SAP
  • Tata Consultancy Services Limited.
  • Texas Instruments Incorporated.
  • Wipro Limited
  • WNS (Holdings) Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION

  • Total Companies Profiled: 34

For more information about this report visit https://www.researchandmarkets.com/r/8u82kb

View source version on businesswire.com:https://www.businesswire.com/news/home/20210709005272/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 07/09/2021 09:43 AM/DISC: 07/09/2021 09:43 AM

http://www.businesswire.com/news/home/20210709005272/en