Hexa Reports Industry Knowledge Process Outsourcing (KPO) Market | Page 2
The engineering and design segment has a large market share and is valued at USD 5.53 billion. Owing to
technological advancement in the engineering sector, there is a high demand for outsourcing the designing
part of the components. The Latin American region is expected to witness the fastest growth in the global KPO
market due to the increasing emphasis laid on research and analysis of data by many large and medium size
companies present in the region.
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Further key findings from the report suggest :
The analytics & market research segment dominated the market in 2016 and is estimated to generate
a revenue of over USD 45.18 billion by 2025. The growing data over the globe has resulted in increasing
demand for analytical tools and market research to segregate useful information from the massive
chunk of available raw data
The legal process outsourcing segment is anticipated to witness the fastest growth at a CAGR of 21.5%
over the forecast period. Many companies outsource their legal tasks to experts in order to reduce
time and costs incurred.
The BFSI segment was valued at USD 9.66 billion in 2016 and is estimated to reach USD 37.94 billion by
2025.Increasing concerns for revenue cycle and managing the customer data requires lot of time and
hence companies in this segment are outsourcing these tasks
The industry in Latin America is projected to witness a substantial growth over the forecast period,
which is attributed to the increasing number of skilled workforce. The regional market is expected to
attain USD 9.13 billion by 2025
Key players including McKinsey & Company, Moody's Corporation, ExlService Holdings, Inc., Wipro Ltd.,
and HCL Technologies Ltd. dominate the global knowledge process outsourcing market
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