Outsourcing Market in the APAC Region 2015-2019
Outsourcing is the process of subcontracting the technical or non-technical functions of an organization to a third-party vendor that has expertise in the required domains. It helps firms to increase their operational efficiency, concentrate on their core competencies, reduce time-to-market, obtain access to fresh talent and experience along with the latest technologies, and build an economical cost structure in the long run.
TechNavio's analysts forecast the Outsourcing market in the APAC region to grow at a CAGR of 5.96 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Outsourcing market in the APAC region for the period 2015-2019. The Outsourcing market in APAC is segmented into the following based on types of services: BPO and ITO.
TechNavio's report, Outsourcing Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Outsourcing market landscape in the APAC region and its growth prospects in the coming years. It also includes detailed profiles of key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Outsourcing Market in the APAC Region 2015-2019
TechNavio recognizes the following companies as the key players in the Outsourcing Market in the APAC Region: Accenture plc, Capgemini S.A., Cognizant Technology Solutions (CTS), Computer Sciences Corp. (CSC), Fujitsu Ltd., Genpact, Hewlett-Packard (HP) Co., International Business Machines (IBM) Corp. and WNS.
Other Prominent Vendors in the market are: Aditya Birla Minacs, Aegis, Amdocs, Belatrix Software, CGI Group, HCL Technologies, Hexaware Technologies, iGate, Infosys, Infotech Enterprises, Intelenet, ITC Infotech, NIIT Technologies, Softek, Stefanini, TCS, TeleTech, Tech Mahindra, Unisys, Wipro, Xerox and Zensar Technologies.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of new outsourcing locations is one of the trends being witnessed in the market. Rising salary levels of employees in the APAC region have resulted in other locations such as Eastern Europe and Latin America becoming popular destinations for outsourcing as the companies in these regions can provide services at a lower cost.”
According to the report, the Outsourcing market in the APAC region is primarily driven by the increased need to access additional expertise. The Outsourcing industry has transformed various developing economies. The presence of a trained workforce in Eastern Europe and Latin America is forcing companies in the APAC region to outsource their business activities to augment their existing expertise.
Further, the report states that outsourcing of business activities can result in laying off the existing employees of a company. This can create a high unemployment rate in the populated countries of the APAC region. This is a major challenge for the market.
Accenture, Capgemini, Cognizant, CSC, Fujitsu, Genpact, HP, IBM, WNS, Aditya Birla Minacs, Aegis , Amdocs , Belatrix , CGI, HCL Technologies, Hexaware Technologies, iGate, Infosys, Infotech Enterprises, Intelenet, ITC Infotech, NIIT Technologies, Softek,Stefanini, TCS, TechMahindra, Teletech, Unisys
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