DUBLIN, July 19, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global General and Administrative Outsourcing Market 2016-2020" report to their offering.
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.
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.
A trend propelling market growth is the increased adoption of analytics. Increased complexities in the global supply chain and distribution systems have compelled organizations to reduce administrative costs by deploying operational analytics solutions. BPO firms are trying to win new contracts from their client firms through supply chain analytics service offerings, and consequently, there is an upsurge in the growth in the analytics BPO market. Analytics solutions help organizations reduce administrative expenditure through statistical modeling and data science technology. For instance, EXL helps clients simplify their business process and identify problems in the supply chain management systems through advanced data mining technology.
According to the report, a key growth driver is the need to standardized and optimize business processes. The majority of MNCs are standardizing and consolidating payroll structure and F&A services into one platform through service providers. The rising number of global and local companies has created the need for automation and administration consolidation by moving to shared services to achieve business efficiencies. This requires consistency of processes, technology, and services to achieve increased efficiency. However, this has increased competition among service providers to add more value to their offerings and focus on innovative solutions.
Further, the report states that one challenge that could hamper market growth is the shortage of skilled IT professionals.
Other prominent vendors
- Aon Hewitt
- Cognizant Technology Solutions
- EXL Services
- HCL Technologies
- NGA HR
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by solutions
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/drlwd8/global_general
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SOURCE Research and Markets