DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/43zjz4/gao_market_in) has announced the addition of the "GAO Market in Latin America - Market Research 2015-2019" report to their offering.
The GAO market in Latin America to grow at a CAGR of 12.67% over the period 2014-2019.
Based on research on the IT markets in Latin America, availability of cost-effective, advanced technologies, and favorable business conditions positioned Latin America as one of the most favourable destinations for foreign investments. This is attributed to a positive impact on political stability in the environment. Therefore, populous countries and rapidly expanding economies such as India and China are likely to add significant revenue advantages to several industries across the US and European countries.
The report, GAO Market in Latin America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Brazil, Mexico, Argentina, and Others; it also covers the landscape of the GAO market in Latin America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Globalization and rapid business expansion creates data security concerns for organizations. They encounter legal and financial risks, stringent labor and employment laws, risks pertaining to employee data privacy, and local regulations for sourcing and managing talent. These factors are boosting demand for the adoption of talent management software and systems. This also leads to the increase in need for HR-related services.
According to the report, the emergence of cloud computing and business-process-as-a-service technologies boosts the GAO market in Latin America. The popularity of Big Data and mobility has enhanced the effect of these technologies on sourcing outcomes, and enabled organizations providing GAO services gain insights on sourcing inputs.
Further, the report states that Shortage of skilled labor and difficulty in managing human capital hinders the market growth.
To calculate the market size, the report considers revenue generated from the following general administrative activities:
Based on end-users, the market is divided into the following segments:
- IT and Telecom
Other prominent vendors
- Aon Hewitt
- CGI Group
- EXL Services
- Manpower Group
- Noble System
- Northgate Arinso
- SafeGuard World International
- Sutherland Global Services
- Tech Mahindra
For more information visit http://www.researchandmarkets.com/research/43zjz4/gao_market_in