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(Wireless-NewsWire.Com, January 18, 2017 ) With fast changing technological trends, companies need to adopt best practices, new technologies, or transform business models. For instance, growing pressure to optimize business performance has forced many finance executives to look for new strategies that include outsourcing F&A-based services. These factors have made companies operating business in several industry verticals to look for new strategies to align people, operate process, and technologies.
Organizations adopt advanced IT solutions such as cloud computing, analytics, virtualization, mobility solutions, and digital technologies. The digital transformation in the BFSI, healthcare, telecom, and manufacturing sectors requires efficient planning processes to manage G&A costs. BPO is not new to the IT industry, and many organizations have partially or wholly outsourced their functions such as F&A and HR. Organizations facing difficulties in managing G&A expenses require G&A outsourcing services. The G&A cost applies to each of the functional department, which increases over a particular time frame.
Technavios analysts forecast the global general and administrative outsourcing (GAO) market to grow at a CAGR of 3.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global general and administrative outsourcing (GAO) market for 2016-2020. To calculate the market size, we consider revenue generated from BPO vendors that offer GAO solutions. We also consider the total contract value (TCV) of GAO contracts awarded to vendors to provide GAO solutions.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global General and Administrative Outsourcing (GAO) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Accenture
Capgemini
IBM
Infosys
TCS
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Other prominent vendors
ADP
Aon Hewitt
Cognizant Technology Solutions
EXL Services
Genpact
GEP
HCL Technologies
HP
NGA HR
WNS
Xerox
Market driver
Need to standardize and optimize business
For a full, detailed list, view our report
Market challenge
Shortage of skilled GAO IT professionals
For a full, detailed list, view our report
Market trend
Increased adoption of analytics
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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