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Global Data Analytics Outsourcing to Reach $5.9B by 2020

SourceFit

The major consumers of outsourced analytic services are the banking, financial services and insurance (BFSI) sector, accounting for about 33 percent of market revenue in 2014, followed by the healthcare industry. percent CAGR ) from 2015 to 2020. . Much of the demand for outsourced analytics comes from North America and Western Europe.

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Top Offshore Software Development Companies in 2024: Best Picks for Your Projects

Groove Technology

One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models. This stems from the lower labor costs prevalent in many offshore destinations. The global IT outsourcing market reached a substantial $92.5 However, this approach is not without its challenges.

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Global Knowledge Process Outsourcing Market to Grow 23%

SourceFit

Emerging markets like Asia and Latin America are among the top providers of KPO services due to the availability of skilled talent, lower labor costs and favorable business environments in these locations. .