Global Knowledge Process Outsourcing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Knowledge Process Outsourcing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Knowledge process outsourcing (KPO) is the outsourcing of core, information-related business activities. KPO involves outsourcing work to individuals that typically have advanced degrees and expertise in a specialized area.

Market Overview:

The latest research study on the global Knowledge Process Outsourcing market finds that the global Knowledge Process Outsourcing market reached a value of USD 83543.85 million in 2022. It’s expected that the market will achieve USD 159193.44 million by 2028, exhibiting a CAGR of 11.34% during the forecast period.

Market Opportunities

With the increase of global labor costs, especially in developed countries, the low-cost requirements of enterprises are an important condition for their development. Knowledge process outsourcing reduces the management and human resource costs of enterprises by outsourcing high-end processes of the enterprise value chain, so that companies can focus on developing their own advantageous projects. The need for lower labor and management costs will promote the development of the knowledge process outsourcing industry.
In the Asia-Pacific region, Latin America, emerging countries led by China and India, the economic development rate is fast, there are many high-quality talents, and they have advantages such as high productivity and lower labor costs. As the knowledge process outsourcing industry in emerging countries is recognized by more regional companies, it will promote the expansion of the knowledge process outsourcing industry.

Region Overview:

From 2023-2028, India is estimated to witness robust growth prospects.

Company Overview:

Aranca is one of the major players operating in the Knowledge Process Outsourcing market, holding a share of 2.05% in 2019.

Global alternative legal services provider Integreon today announced it has acquired Allegory, the litigation management software business founded by legal tech pioneer Alma Asay. The acquisition brings the addition of Asay – and the entire Allegory team – to Integreon’s deep bench of industry experts in the litigation management and discovery spaces. Allegory’s technology, combined with Integreon’s preeminent human capital, makes legal departments and outside counsel greater than they were before – a combination that provides the industry with an unprecedented, new resource to help manage complex litigation.

Cognizant today announced it has entered into an agreement to acquire Contino, a privately-held technology consulting firm. Contino specializes in helping Global 2,000 clients accelerate their digital transformation by leveraging enterprise DevOps methodologies, a cloud-native development approach, and advanced data platforms. Headquartered in London, Contino has approximately 350 employees worldwide with operations in the United Kingdom, the United States and Australia.

Segmentation Overview:

Among different product types, Analytics & Market Research segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Healthcare segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Knowledge Process Outsourcing market covered in Chapter 3:

Roc Search
Aranca
Infosys BPM
Amba Research
Lexadigm
Cognizant
Irevna
WNS Global Services
DDC
Evalueserve
Integreon
Others
EXL Service
Genpact

In Chapter 4 and Chapter 14.2, on the basis of types, the Knowledge Process Outsourcing market from 2018 to 2029 is primarily split into:

Analytics & Market Research
Engineering & Design
Financial Process Outsourcing
Legal Process Outsourcing
Publishing Outsourcing
Research & Development Outsourcing
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Knowledge Process Outsourcing market from 2018 to 2029 covers:

Healthcare
IT & Telecom
Manufacturing
Pharmaceutical
Retail
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)