Global IT Outsourcing Market Will Grow At A CAGR Of 4.41% During The Period 2016-2020

About IT Outsourcing

IT outsourcing is the process of subcontracting IT functions of an organization to a third-party vendor that has expertise in the required domains. It is an effective strategy to build a high-performance IT organization. IT outsourcing 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 latest technologies, and build an economical cost structure in the long run. The demand for IT outsourcing comes primarily from the BFSI, Government, and Manufacturing sectors. Sectors such as Retail and Wholesale; Telecommunications; Energy, Utilities, and Chemicals; Electronics and Hi-tech; and Healthcare and Life Sciences also account for approximately less than 10 percent each. BFSI is the highest contributor to the global ITO market.

TechNavio's analysts forecast the Global IT Outsourcing in Capital markets to grow at a CAGR of 4.41 percent over the period 2014-2019.

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Covered :

This report covers the present scenario and the growth prospects of the global IT Outsourcing in Capital markets for the period 2015-2019. The Global IT Outsourcing in Capital markets is categorized into two main segments: Application Outsourcing and Infrastructure Outsourcing.

TechNavio's report, Global IT Outsourcing in Capital Markets 2015-2019, has been prepared based

on an in-depth market analysis with inputs from industry experts. It covers the global IT Outsourcing in Capital markets and its growth prospects in the coming years. The report also includes a detailed discussion of the key vendors operating in this market.

Key Vendors

Accenture
Cognizant Technology Solution
IBM
Tata Consultancy Services

Other Prominent Vendors

Aegis
Capgemini
CGI Group
CSC
Dell
EPAM
FIS
HCL
Hexaware
iGate Solutions
Infosys
ITC Infotech
L&T Infotech
Luxoft Holdings
Mindtree
Mphasis

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