BPO Market in the Czech Republic 2015-2019
About BPO Market in the Czech Republic
Privatization in the Czech Republic has led to the wave of several new investments in the country. The government has formulated several investment-friendly policies that has enhanced the investment competitiveness and taxation conditions in the Czech Republic. Further, efforts regarding simplifying regulations and reduction in administrative barriers have encouraged more FDI inflows to the country. The country’s favorable economic conditions, strategic geographical location, developed infrastructure pertaining to transportation and logistics make it one of the most favorable locations for BPO.
TechNavio's analysts forecast the BPO market in the Czech Republic to grow at a CAGR of 16.33 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the BPO market in the Czech Republic for the period 2015-2019. The report covers the market attractiveness of BPO in the country, which include economic overview, business overview, pros and cons of the BPO sector, state of the BPO sector, and main factors affecting BPO sector.
TechNavio's report, the BPO Market in the Czech Republic 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the BPO market in the Czech Republic and its growth prospects in the coming years. The report includes a profile of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – BPO Market in the Czech Republic 2015-2019
TechNavio recognizes the following companies as the key players in the BPO Market in the Czech Republic: Accenture plc, Capgemini SA, Infosys Ltd. and OKIN Group.
Other Prominent Vendors in the market are: Europ Assistance, ICON Communication Centres, Transcom and SAP.
Commenting on the report, an analyst from TechNavio’s team said: “One key trend upcoming in this market is the rise in demand for finance and accounting outsourcing. The F&A outsourcing capabilities of CEE are attracting leading companies such as Citigroup, Philips, GE Money Bank, Deutsche Bank, and Morgan Stanley to build accounting captive centers in the region.”
According to the report, one key factor driving the market is the strategic location of the country. The Czech Republic is situated very close to other countries in Europe; as a result it is a preferred destination to outsource BPO activities. The country's cultural proximity with offshore vendors in Europe, Asia, and the Americas also plays an important role in making it a preferred destination for outsourcing.
Further, the report states that acquisition and retention of trained talent is a major challenge in the country as other locations provide better salaries to BPO professionals than the Czech Republic. Thus, these professionals are inclined to take up jobs in countries with a high pay scale.
Accenture , Capgemini, Infosys BPO , OKIN Technologies BPO , Europ Assistance, ICON Communication Centers, Incline, Transcom