DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9z6gpw/global_it) has announced the addition of the "Global IT Outsourcing Market in Capital Markets 2015-2019" report to their offering.
The Global IT Outsourcing in Capital markets to grow at a CAGR of 4.41% over the period 2014-2019.
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.
The emergence of cloud-based outsourcing is a rising trend in the market. Several clients are adopting this technology to get instant access to applications of their choice without having to wait for installation. Cloud-based outsourcing offers various other advantages, including cost reduction, reliability, scalability, and agility.
According to the report, the need for a considerable reduction in operational costs is one of the main drivers of this market, as clients are not required to invest in the acquisition of resources or worry about handling limited available resources.
Further, the report states that one of the major challenges that the market faces is the lack of control over information security. Organizations that outsource their IT activities face the risk of unauthorized access to critical company information.
- Cognizant Technology Solution
- Tata Consultancy Services
Other Prominent Vendors
- CGI Group
- iGate Solutions
- ITC Infotech
- L&T Infotech
- Luxoft Holdings
- Tech Mahindra
For more information visit http://www.researchandmarkets.com/research/9z6gpw/global_it