SOURCE: Kennedy Information, Inc.

May 26, 2005 09:57 ET

Outsourcing Industry Growth Seen From Finance & Accounting, Sales & Marketing Functions

Healthcare, Utilities Among Sectors Poised for Overall Growth

PETERBOROUGH, NH -- (MARKET WIRE) -- May 26, 2005 -- The global outsourcing market is expected to grow at a compound annual growth rate (CAGR) of 6% through 2008, according to a new report from Kennedy Information titled The Global Outsourcing Marketplace: Key Data, Forecasts & Trends. In an assessment of 15 market sectors, analysts spotlight the finance and accounting and sales/marketing functions as among the immediate opportunities, both of which will grow at or near double-digit rates.

This very comprehensive report on the full market for outsourcing services provides precise market size and forecasts growth rates across the three major market segments: traditional IT Outsourcing (ITO), Business Process Outsourcing (BPO), and Transaction Processing (TP).

The report projects spending through 2008 in the three segments for each of 15 industry sectors including banking, discrete manufacturing, process manufacturing, insurance, financial services/real estate, healthcare, transportation, utilities, retail, services, federal government, state/local government, education, communication and media, and wholesale. Global market sizing and forecasts by region cover Europe, Middle East/Africa, Japan, Asia Pacific, Latin America, Canada, and the United States.

"The future of the market will be defined by shifts in the application of outsourcing by vertical industry and the ability of outsourcing providers to combine aggregate competencies to deliver one-to-many solutions to that industry," said Brad Smith, Kennedy Information's Vice President of Research.

"Businesses in all industry segments are finding that limited internal resources make outsourcing an attractive, cost effective and prudent option, allowing them to focus on their core competencies," said William P. DiMartini, Sr. Vice President at SunGard Availability Services. "SunGard continues to see a growing market for outsourcing selected information technology services, both in Europe, where outsourcing of back-up services has grown, and in North America, where both security and healthcare markets are demonstrating continued advances."

The Global Outsourcing Marketplace: Key Data, Forecasts & Trends report examines these and other outsourcing market developments, including opportunities and risks, purchasing trends, vendor offerings, client needs, competitive dynamics, and leading outsourcers approach to and position in the market. The study is an exhaustive 200-page report, supported by 124 tables and charts.

For more information on The Global Outsourcing Marketplace report or to obtain a complimentary report summary, call 800-531-0007 or +1-603-924-0900 ext. 628, e-mail research@kennedyinfo.com or visit www.ConsultingCentral.com/research.

About Kennedy Information, Inc.

Kennedy Information, Inc., the leading information source on management consulting since 1970, publishes The Global Consulting Marketplace, Benchmarks in Management Consulting, and other research reports annually; the monthly news services Consultants News, Global IT Services Report and Management Consultant International; as well as Consulting Magazine and The Directory of Management Consultants. It also produces annual conferences for thought leaders in consulting and powers the Web portal www.ConsultingCentral.com.

Contact Information

  • CONTACT:
    Dan Daly
    Business Development Director
    Kennedy Information, Inc.
    800-531-0007 or +1-603-924-0900 ext. 628
    research@kennedyinfo.com