According to a new report, published by KBV research, The Global Knowledge Process Outsourcing Market size is expected to reach $165 billion by 2028, rising at a market growth of 14.8% CAGR during the forecast period.
The Legal Process Outsourcing market is expected to witness highest CAGR of 16% during (2022 - 2028). This is due to the effectiveness of the services offered and the cost savings. Contract management, litigation management, and legal analytics are among the typical legal tasks that are outsourced. KPO can involve conducting legal research, going over documents, and writing pleadings and briefs.
The BFSI segment acquired maximum revenue share in the Global Knowledge Process Outsourcing Market by Application in 2021 thereby, achieving a market value of $48.7 billion by 2028. This is due to the vast number of applications in the category. Sensitive data about consumers and financial databases from multiple banks are included in the BFSI sector. Companies outsource tasks like financial analytics, equities research, and data administration, among others, to keep information effectively.
The Asia Pacific market dominated the Global Knowledge Process Outsourcing Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $63.4 billion by 2028. The Europe market is exhibiting a CAGR of 14.6% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 14.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/knowledge-process-outsourcing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Accenture PLC, Wipro Limited, Genpact Limited, HCL Technologies Ltd. (HCL Enterprises), ExlService Holdings, Inc., McKinsey & Company, Moody’s Corporation, Mphasis Limited (Blackstone, Inc.), Ernst & Young Global Limited, and R. R. Donnelley & Sons Company.
By Service Type
By Application
By Geography
Companies Profiled
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