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“Outsourcing of information technology services is on the rise according to a new report by Everest Group. Last year saw a 35% growth in information technology outsourcing (ITO) among medical device, pharmaceutical, and biotechnology firms. The ITO market, estimated at $30 billion […]

“In general, compliance work largely continues to be done onshore, largely due to legacy reasons, and banks’ reluctance to offshore what is perceived as a ‘core and critical activity’,” says Anupam Jain, who leads Everest Group’s research program focusing on BFSI […]

“Everest Group estimates the market to have been US$12-$14billion in 2013, with a growth of 25% over 2012. The market represents circa 19% of the overall BFS IT outsourcing market size in 2013 of US$70-75 billion.” Read more.

“The global multi-process Procurement Outsourcing (PO) market registered 12% growth in 2013, according to research firm Everest Group. The PO market has tripled in share in the last three years, widening its footprint significantly in the emerging markets of Asia Pacific and Latin […]

“The list of applications of analytics in outsourcing can go on and on. Unsurprisingly, the vast scope and potential benefits are driving the market for both building analytics into outsourcing contracts and analytics BPS, where the function of delivering analytics […]

 “Everest Group describes analytics as the discipline of gaining meaningful insights, through interpretation of data, leading to better decision-making. Everest Group puts analytics into four major groups, based on the level of solution maturity, sophistication and business impact.” Read More.

“In 2013, banks and financial services firms battled against low interest rates, strained revenue growth, the growing pressures of regulatory compliance, and the rise of the digital consumer,” said Jimit Arora, vice president at Everest Group. Read more.

Total Value of IT Outsourcing Contracts in Banking, Financial Services and Insurance (BFSI) Industry Increases 80 Percent DALLAS, JULY 16, 2014 — The banking, financial services and insurance (BFSI) market—estimated at US$105-130 billion—still reigns as the largest adopter of information […]

Analytics & Infrastructure Services in High Demand as Life Sciences Firms Seek Leverage in Challenging Market DALLAS, JULY 9, 2014 — The data-rich life sciences industry—plagued with multi-faceted challenges such as stifled R&D efficiency, a changing portfolio mix, and a […]

The global IT outsourcing market reached $US472 billion in 2013 Visit the report page