IT outsourcing is the process of subcontracting IT functions of an organization to a third-party vendor that has expertise in the required domains. It is an effective strategy to build a high-performance IT organization. IT outsourcing helps firms to increase their operational efficiency, concentrate on their core competencies, reduce time-to-market, obtain access to fresh talent and experience along with latest technologies, and build an economical cost structure in the long run. 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.
Analysts forecast the Global IT Outsourcing in Capital markets to grow at a CAGR of 4.41 percent over the period 2014-2019.
This report covers the present scenario and the growth prospects of the global IT Outsourcing in Capital markets for the period 2015-2019. The Global IT Outsourcing in Capital markets is categorized into two main segments: Application Outsourcing and Infrastructure Outsourcing.
Global IT Outsourcing in Capital Markets 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the global IT Outsourcing in Capital markets and its growth prospects in the coming years. The report also includes a detailed discussion of the key vendors operating in this market.
- Cognizant Technology Solution
- Tata Consultancy Services
Other Prominent Vendors
- CGI Group
- iGate Solutions
- ITC Infotech
- L&T Infotech
- Luxoft Holdings
- Tech Mahindra
Key Market Driver
- Need for Cost-effective Operations
Key Market Challenge
- Lack of Control of Information Security
Key Market Trend
- Shift toward the Adoption of Cloud Model
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Risk analytics is defined as an effective tool to control risk and use various assumption, risk prevention, and risk retention for managing uncertain events. Risk can be financial as well as operational or strategic in nature. Risk analytics started when financial organizations started realising the loss of their information and capital and thus started developing models and formulas to hedge against unforeseen risk and reduce regulatory capital. The risk analytics process includes the risk identification, priority segmentation, and use of internal and external data to measure the risk, information collection, and take the appropriate measures to minimise risk.