![Knowledge Process Outsourcing [KPO] Market Revenue Analysis](/images/1720689493-Knowledge-Process-Outsourcing-KPO-Market.jpg)
Get More Information on Knowledge Process Outsourcing Market - Request Sample Report
The Knowledge Process Outsourcing [KPO] Market was worth USD 55.97 billion in 2023 and is predicted to be worth USD 231.72 billion by 2032, growing at a 17.1% CAGR between 2024 and 2032.
Knowledge Process Outsourcing (KPO) is a strategic practice that involves outsourcing data-driven operations that require specialized knowledge, such as analysis, gathering, management, and providing objective insights to businesses. KPO services encompass a wide range of tasks, including tax return preparation, accounting, computer-assisted simulation, financial services, and engineering design and development. KPO specifically refers to the outsourcing of information-related, knowledge-based processes or business operations, such as consultation, research, analysis, and other high-level work. These responsibilities can be assigned to a subsidiary within the same organization or entrusted to a third-party service provider. It is worth noting that knowledge process outsourcing typically follows business process outsourcing. The scope of KPO services is extensive and covers various sectors. Some examples include data management, search and analytics, contract research and biotech, animation and gaming services, remote education and publishing, banking, securities and insurance, market research and competitive intelligence, as well as scientific and medical content publishing. By leveraging KPO, businesses can tap into specialized expertise and resources, allowing them to focus on their core competencies while benefiting from the efficiency and cost-effectiveness of outsourcing. This strategic approach enables organizations to access a broader range of knowledge-driven services, ultimately enhancing their overall performance and competitiveness in the market.
Drivers
Growing need for specialized knowledge services in areas such as healthcare, banking, and information technology.
key driver is the growing need for specialized knowledge services in areas such as healthcare, banking, and information technology. As firms continue to expand and seek methods to enhance efficiency, the demand for specialized knowledge and skills in areas such as data analytics, research and development, and legal services grows. This need is propelling the Knowledge Process Outsourcing market forward, as businesses seek to outsource these specialized services to third-party providers with the appropriate experience and resources.
The driving force in the KPO industry is the growing trend of globalization and digitization.
Companies may now operate internationally and reach a larger consumer base thanks to the advancement of digital technology and the internet. This growth is accompanied by the requirement for businesses to negotiate complicated regulatory environments and comply with local laws and regulations. This necessitates a thorough awareness of the local market and regulatory situation, which many businesses find difficult. Knowledge Process Outsourcing firms provide specialized knowledge and skills in these areas, allowing businesses to develop globally while avoiding the risks involved with operating in foreign countries.
Restrains
Substantial implementation costs
The market's expansion is projected to be hampered by a shortage of talent.
Opportunities
KPO service providers provide organizations with a low-cost choice. The ability to scale up operations as needed is one advantage of hiring third-party service providers. Third-party suppliers, on the other hand, provide clients more latitude and personalization. Data is now the driving force behind practically all organizations, allowing them to develop new products and improve customer service. Because data is becoming increasingly important in business, demand for knowledge process outsourcing is expanding across all industries.
Challenges
With rising competition among service providers, the market confronts many obstacles.
The Russia-Ukraine war may raise concerns about business continuity and data security for companies outsourcing their knowledge processes to the region. Clients may worry about the confidentiality and safety of their sensitive data, leading them to reconsider or diversify their outsourcing locations. As a result of the conflict, companies may start looking for alternative outsourcing destinations outside the region. Countries perceived as more stable and secure may attract more investments and business opportunities. This could potentially benefit other KPO destinations like India, the Philippines, Eastern European countries, or Latin American nations. The conflict can have wider economic repercussions, affecting both Ukraine's and Russia's economies. Economic downturns in these countries may lead to changes in labor costs and overall competitiveness, which could influence KPO pricing and outsourcing decisions. Armed conflicts can lead to disruptions in transportation, communication networks, and power supply. These disruptions could impact the technological infrastructure necessary for KPO services, causing delays and service quality issues.
Impact of Recession
During a recession, businesses tend to cut costs and reevaluate their spending priorities. This may result in reduced demand for KPO services as companies may postpone or scale down their outsourcing projects to save money. Companies that continue to use KPO services during a recession may focus on cost optimization. They might renegotiate contracts, seek competitive pricing, or look for more efficient and cost-effective service providers. Some industries may be more affected than others during a recession. For instance, KPO services catering to sectors heavily hit by economic downturns (e.g., finance or real estate) may experience more significant declines compared to those serving industries that are relatively resilient. During a recession, the types of KPO services in demand might change. For example, companies may prioritize services related to cost reduction, process improvement, risk management, and market research while scaling back on non-critical functions. The location preferences of businesses outsourcing KPO services may also change during a recession. Companies may choose to work with service providers in low-cost regions or countries with stable economic conditions to further reduce expenses.
By Service
Analytics & Market Research
Engineering & Design
Financial Process Outsourcing
Legal Process Outsourcing
Publishing Outsourcing
Research & Development Outsourcing
Others
By End-user Industries
BFSI
Healthcare
IT & Telecom
Manufacturing
Pharmaceutical
Retail
Others
The Asia-Pacific region has emerged as the market leader, boasting the highest number of Knowledge Process Outsourcing (KPO) businesses and consultancies. This can be attributed to the escalating trend of outsourcing critical procedures and professional services. The growing presence of qualified professionals, such as engineers, architects, and solicitors, in rising economies such as India, China, and the Philippines is also fueling market growth.
Looking ahead, Latin America is poised to become the fastest-growing region in this industry. Enterprises in this area are ramping up their investments in research and development (R&D) and expanding their analytical capabilities. This strategic move is anticipated to propel market growth during the projected period.
Do You Need any Customization Research on Knowledge Process Outsourcing Market - Enquire Now
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are EXL Services, IBM Corporation, RR Donnelley & Sons Company, Genpact, McKinsey and Company, Accenture, Oracle Corporation, Moody’s Investors Service, Inc., Mphasis, Wipro Limited, HCL, Hewlett Packard Enterprise Company, and others in the final report
ExlService Holdings, Inc. was chosen by HealthPartners (US) in April 2022 to create a next-generation care management platform. HealthPartners can now immediately incorporate population health data into its care management process, resulting in more focused, timely, and successful interventions, as well as greater member involvement.
Accenture purchased HRC retail consultancy in July 2021 to expand its retail strategy competence. HRC Retail Advisory, according to Accenture, has a long history of supporting big retailers across North America in boosting profitability and working capital while better fulfilling rising consumer, employee, and investor expectations.
| Report Attributes | Details |
| Market Size in 2023 | US$ 55.97 Bn |
| Market Size by 2032 | US$ 231.72 Bn |
| CAGR | CAGR of 17.1% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Service (Analytics & Market Research, Engineering & Design, Financial Process Outsourcing, Legal Process Outsourcing, Publishing Outsourcing, Research & Development Outsourcing, Others) • By End-user Industries (BFSI, Healthcare, IT & Telecom, Manufacturing, Pharmaceutical, Retail, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | EXL Services, IBM Corporation, RR Donnelley & Sons Company, Genpact, McKinsey and Company, Accenture, Oracle Corporation, Moody’s Investors Service, Inc., Mphasis, Wipro Limited, HCL, Hewlett Packard Enterprise Company |
| Key Drivers | • Growing need for specialized knowledge services in areas such as healthcare, banking, and information technology. • The driving force in the KPO industry is the growing trend of globalization and digitization. |
| Market Opportunities | • KPO service providers provide organizations with a low-cost choice. The ability to scale up operations as needed is one advantage of hiring third-party service providers. |
Ans: • Growing need for specialized knowledge services in areas such as healthcare, banking, and information technology.
• The driving force in the KPO industry is the growing trend of globalization and digitization
Ans: The market is expected to grow to USD 231.72 billion by the forecast period of 2032.
Ans. The forecast period for the Knowledge Process Outsourcing (KPO) Market is 2022-2030.
Ans. The CAGR of the Knowledge Process Outsourcing (KPO) Market is 17.1%.
Ans: There are three options available to purchase this report,
A. Single User License USD 4650
Features: A non-printable PDF to be accessed by just one user at a time
1. No Excel would be delivered along with the PDF
2. 1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study
3. 1 complimentary update to be provided after 6 months of purchase
4. Additional 80 analyst hours of free customization to add extra slices of information that might be missing from the study
B. Enterprise User License: USD 6,450
Features:
1. A printable/ sharable and downloadable PDF
2. No limit over the number of users
3. An Excel spreadsheet would be delivered along with the PDF
4. 2 complimentary analyst briefing sessions of 30 minutes each to be provided post-purchase and delivery of the study
5. 2 complimentary updates to be provided within 1 year of purchase
6. Additional 100 analyst hours of free customization to add extra slices of information that might be missing from the study.
C: Excel Datasheet: USD 2,325
1. ME sheet is provided in Excel format.
2. 1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Knowledge Process Outsourcing (KPO) Market Segmentation, By Service
8.1 Analytics & Market Research
8.2 Engineering & Design
8.3 Financial Process Outsourcing
8.4 Legal Process Outsourcing
8.5 Publishing Outsourcing
8.6 Research & Development Outsourcing
8.7 Others
9. Knowledge Process Outsourcing (KPO) Market Segmentation, By End-user Industries
9.1 BFSI
9.2 Healthcare
9.3 IT & Telecom
9.4 Manufacturing
9.5 Pharmaceutical
9.6 Retail
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Knowledge Process Outsourcing (KPO) Market by Country
10.2.2North America Knowledge Process Outsourcing (KPO) Market By Service
10.2.3 North America Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.2.4 USA
10.2.4.1 USA Knowledge Process Outsourcing (KPO) Market By Service
10.2.4.2 USA Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.2.5 Canada
10.2.5.1 Canada Knowledge Process Outsourcing (KPO) Market By Service
10.2.5.2 Canada Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.2.6 Mexico
10.2.6.1 Mexico Knowledge Process Outsourcing (KPO) Market By Service
10.2.6.2 Mexico Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Knowledge Process Outsourcing (KPO) Market by Country
10.3.1.2 Eastern Europe Knowledge Process Outsourcing (KPO) Market By Service
10.3.1.3 Eastern Europe Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.1.4 Poland
10.3.1.4.1 Poland Knowledge Process Outsourcing (KPO) Market By Service
10.3.1.4.2 Poland Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.1.5 Romania
10.3.1.5.1 Romania Knowledge Process Outsourcing (KPO) Market By Service
10.3.1.5.2 Romania Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.1.6 Hungary
10.3.1.6.1 Hungary Knowledge Process Outsourcing (KPO) Market By Service
10.3.1.6.2 Hungary Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.1.7 Turkey
10.3.1.7.1 Turkey Knowledge Process Outsourcing (KPO) Market By Service
10.3.1.7.2 Turkey Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Knowledge Process Outsourcing (KPO) Market By Service
10.3.1.8.2 Rest of Eastern Europe Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2 Western Europe
10.3.2.1 Western Europe Knowledge Process Outsourcing (KPO) Market by Country
10.3.2.2 Western Europe Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.3 Western Europe Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.4 Germany
10.3.2.4.1 Germany Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.4.2 Germany Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.5 France
10.3.2.5.1 France Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.5.2 France Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.6 UK
10.3.2.6.1 UK Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.6.2 UK Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.7 Italy
10.3.2.7.1 Italy Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.7.2 Italy Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.8 Spain
10.3.2.8.1 Spain Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.8.2 Spain Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.9.2 Netherlands Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.10.2 Switzerland Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.11 Austria
10.3.2.11.1 Austria Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.11.2 Austria Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Knowledge Process Outsourcing (KPO) Market By Service
10.3.2.12.2 Rest of Western Europe Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4 Asia-Pacific
10.4.1 Asia Pacific Knowledge Process Outsourcing (KPO) Market by Country
10.4.2 Asia Pacific Knowledge Process Outsourcing (KPO) Market By Service
10.4.3 Asia Pacific Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.4 China
10.4.4.1 China Knowledge Process Outsourcing (KPO) Market By Service
10.4.4.2 China Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.5 India
10.4.5.1 India Knowledge Process Outsourcing (KPO) Market By Service
10.4.5.2 India Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.6 Japan
10.4.6.1 Japan Knowledge Process Outsourcing (KPO) Market By Service
10.4.6.2 Japan Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.7 South Korea
10.4.7.1 South Korea Knowledge Process Outsourcing (KPO) Market By Service
10.4.7.2 South Korea Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.8 Vietnam
10.4.8.1 Vietnam Knowledge Process Outsourcing (KPO) Market By Service
10.4.8.2 Vietnam Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.9 Singapore
10.4.9.1 Singapore Knowledge Process Outsourcing (KPO) Market By Service
10.4.9.2 Singapore Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.10 Australia
10.4.10.1 Australia Knowledge Process Outsourcing (KPO) Market By Service
10.4.10.2 Australia Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Knowledge Process Outsourcing (KPO) Market By Service
10.4.11.2 Rest of Asia-Pacific Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Knowledge Process Outsourcing (KPO) Market by Country
10.5.1.2 Middle East Knowledge Process Outsourcing (KPO) Market By Service
10.5.1.3 Middle East Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.1.4 UAE
10.5.1.4.1 UAE Knowledge Process Outsourcing (KPO) Market By Service
10.5.1.4.2 UAE Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.1.5 Egypt
10.5.1.5.1 Egypt Knowledge Process Outsourcing (KPO) Market By Service
10.5.1.5.2 Egypt Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Knowledge Process Outsourcing (KPO) Market By Service
10.5.1.6.2 Saudi Arabia Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.1.7 Qatar
10.5.1.7.1 Qatar Knowledge Process Outsourcing (KPO) Market By Service
10.5.1.7.2 Qatar Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Knowledge Process Outsourcing (KPO) Market By Service
10.5.1.8.2 Rest of Middle East Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.2 Africa
10.5.2.1 Africa Knowledge Process Outsourcing (KPO) Market by Country
10.5.2.2 Africa Knowledge Process Outsourcing (KPO) Market By Service
10.5.2.3 Africa Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Knowledge Process Outsourcing (KPO) Market By Service
10.5.2.4.2 Nigeria Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.2.5 South Africa
10.5.2.5.1 South Africa Knowledge Process Outsourcing (KPO) Market By Service
10.5.2.5.2 South Africa Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Knowledge Process Outsourcing (KPO) Market By Service
10.5.2.6.2 Rest of Africa Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.6 Latin America
10.6.1 Latin America Knowledge Process Outsourcing (KPO) Market by Country
10.6.2 Latin America Knowledge Process Outsourcing (KPO) Market By Service
10.6.3 Latin America Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.6.4 Brazil
10.6.4.1 Brazil Knowledge Process Outsourcing (KPO) Market By Service
10.6.4.2 Brazil Africa Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.6.5 Argentina
10.6.5.1 Argentina Knowledge Process Outsourcing (KPO) Market By Service
10.6.5.2 Argentina Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.6.6 Colombia
10.6.6.1 Colombia Knowledge Process Outsourcing (KPO) Market By Service
10.6.6.2 Colombia Knowledge Process Outsourcing (KPO) Market By End-user Industries
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Knowledge Process Outsourcing (KPO) Market By Service
10.6.7.2 Rest of Latin America Knowledge Process Outsourcing (KPO) Market By End-user Industries
11 Company Profile
11.1 EXL Services
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 IBM Corporation
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 RR Donnelley & Sons Company
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Genpact
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 McKinsey and Company
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Accenture
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Oracle Corporation
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Moody’s Investors Service, Inc.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Mphasis
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/Services /Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Wipro Limited
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Alternative Data Market size was USD 7.18 Billion in 2023 and is expected to Reach USD 289.56 Billion by 2032 and grow at a CAGR of 50.8% over the forecast period of 2024-2032.
The Encryption Software Market was worth USD 14.51 Billion in 2023 and is predicted to be worth USD 45.65 Billion by 2031, growing at a CAGR of 15.4% between 2024 and 2031.
The Connected Mining Market size was valued at 11.9 billion in 2022 and is anticipated to reach USD 28.22 billion in 2030 with a growing CAGR of 11.4% from 2023 to 2030.
The Mobile and wireless backhaul market was valued at USD 11.8 billion in 2023, and is predicted to increase at a CAGR of 9.5 % from 2024 to 2031, to reach USD 24.4 billion.
The Knowledge Process Outsourcing [KPO] Market was worth USD 55.97 billion in 2023 and is predicted to be worth USD 231.72 billion by 2032, growing at a 17.1% CAGR between 2024 and 2032.
The Mexico GCC Market was valued at USD 5.29 Billion in 2023 and is expected to reach USD 18.60 Billion by 2032 and grow at a CAGR of 13.42% by 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
