LONDON--(BUSINESS WIRE)--With the growing need for a considerable reduction in operational costs, the Global IT Outsourcing Market in Capital Markets is expected to post a CAGR of 4.41 percent from 2014-2019, says research firm TechNavio.
The ability to reduce operational time and costs is the most appealing aspect of IT outsourcing for large businesses, as it removes the need for clients to invest in resources or worry about handling available resources. IT outsourcing helps firms gain access to local talent and advanced technologies, thus enabling them to maintain a lean staff component.
“IT outsourcing allows client firms to concentrate on core competencies and obtain a competitive edge in the market,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes cloud technology as a key factor that is constantly revolutionizing IT outsourcing. It allows instant access to applications on demand and eliminates the need to invest in IT infrastructure.
“The Global Cloud Computing Market is growing rapidly and its influence is expected to extend to the capital market in the coming years,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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