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MeraCareerGuide
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20. May 2010 04:31
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If you have to choose a career today, KPO sector certainly seems to be the pick of the litter. More and more researches and reports are claiming high potential and myriad opportunities in this nascent sector in India. According to a report by GlobalSourcingNow, the Global Knowledge Process Outsourcing industry (KPO) is expected to reach USD 17 billion by 2010, of which USD 12 billion would be outsourced to India. In addition, the Indian KPO sector is also expected to employee more than 250,000 KPO professionals by 2011, compared with the current figure of 25,000 employees. While reports about this year are indeed optimistic and show the sheer market size Indian companies have over other nations, Reports are also suggesting phenomenal growth in the sector in the future as well.
A report by Evalueserve predicts that India will capture more than 70 percent of the KPO outsourcing sector by 2010. Apart from India, countries such as Russia, China, the Czech Republic, Ireland, and Israel are also expected to join the KPO industry. The Knowledge Process Outsourcing (KPO) industry in India is likely to grow to US $11.2 billion in revenue by 2010-11 and is expected to employ approximately 255,000 professionals by March 2011, according to the same study. Among low-cost destinations, India will become the hub for providing research and analytics services. Today, the most significant barrier to growth is attrition among young professionals
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Almost two-thirds of professionals working in the KPO industry worldwide will be based in India, especially because this industry requires substantial domain expertise among professionals who are Doctors, Engineers, MBAs, Graduates in Science and Technology, Certified Financial Analysts, Accountants, Statisticians, Lawyers, Economists and Chartered Accountants. |