Market Insights:
The global Knowledge Process Outsourcing market is projected to grow from USD 72.3 Bn in 2021 to 244.6 Bn by 2030, at a CAGR of 14.5% in forecast period, 2022-2030.
Driver:
The increased adoption of Knowledge Process Outsourcing in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Knowledge Process Outsourcing also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Knowledge Process Outsourcing in many sectors also boosts the market growth during the forecast period.
Knowledge Process Outsourcing (KPO) is a method of outsourcing key data-related information that includes the processes of managing, obtaining, evaluating, and providing actionable insights into business. Companies use KPO when they need specific knowledge and skills or when they have a trained professional shortage.
Knowledge Process Outsourcing Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Service (Analytics & Market Research, Customer & Marketing Analytics, Operations & Supply Chain Analytics, Competitive Intelligence & Industry Analysis, Engineering & Design, Financial Process Outsourcing, Legal Process Outsourcing, Publishing Outsourcing, Research & Development Outsourcing), By Application (BFSI, Healthcare, IT & Telecom, Manufacturing, Pharmaceutical, Retail, Others), and companies (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., Accenture plc, ExlService Holdings, Inc., Genpact Limited, HCL Technologies Ltd., Hewlett Packard Enterprise Company, IBM Corporation, McKinsey & Company, Moody’s Corporation.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 14.5%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 244.6 Billion |
| CAGR (2022-2030) | 14.5% |
| By Service | Analytics & Market Research, Customer & Marketing Analytics, Operations & Supply Chain Analytics, Competitive Intelligence & Industry Analysis, Engineering & Design, Financial Process Outsourcing, Legal Process Outsourcing, Publishing Outsourcing, Research & Development Outsourcing. |
| By Application | BFSI, Healthcare, IT & Telecom, Manufacturing, Pharmaceutical, Retail, Others. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | 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., Accenture plc, ExlService Holdings, Inc., Genpact Limited, HCL Technologies Ltd., Hewlett Packard Enterprise Company, IBM Corporation, McKinsey & Company, Moody’s Corporation. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Knowledge Process Outsourcing market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
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., Accenture plc, ExlService Holdings, Inc., Genpact Limited, HCL Technologies Ltd., Hewlett Packard Enterprise Company, IBM Corporation, McKinsey & Company, Moody’s Corporation.
Market Segment Analysis:
By Service
- Analytics & Market Research
- Customer & Marketing Analytics
- Operations & Supply Chain Analytics
- Competitive Intelligence & Industry Analysis
- Engineering & Design
- Financial Process Outsourcing
- Legal Process Outsourcing
- Publishing Outsourcing
- Research & Development Outsourcing
- Others
By Application
- BFSI
- Healthcare
- IT & Telecom
- Manufacturing
- Pharmaceutical
- Retail
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Knowledge Process Outsourcing industries in the region.
Key Knowledge Process Outsourcing Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Knowledge Process Outsourcing Market segments.
– Largest Market Share Held by Industry to Industry for Knowledge Process Outsourcing
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Knowledge Process Outsourcing Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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