New Knowledge Process Outsourcing business of India

April 6, 2006 (Press Release) -- Indeed, with the hype surrounding for BPO sector in India continues; undoubtedly there is a realization among Business Process Outsourcing organizations in India for low value-added outsourcing work of back office, like call centers that is voice-based or medical transcription would not continue to fetch the margin of profit they had hoped with that. High staff attrition, which lead to hike of wages, coupled with over-supply of BPO firms in the nation has led pricing pressure to downward, for remaining profitable such as earlier days, Offshore Outsourcing India have to start offering niche market services that needed vertical domain expertise India could emerge as a global Knowledge Process Outsourcing hub as the enterprises need specialized and significant knowledge with respective or vertical nation’s engineering institute or technical ones. These are geared to address the human resources (HR-Outsourcing) manpower demand.

For Outsourcing of Equity Market research, more significantly the service provider and IP ready to grab the biggest chunk of the global KPO hub or pie. At the time of year 2011, the real size of the Knowledge Process Outsourcing industry would be worth more than 17 billion dollar through out the world, with this India is going to capture grater than 70 % of international market, which will represents 40 % of the nations Business Process Outsourcing revenues .But the question is that what is KPO and how does one can differentiate it from BPO? If one wants to know the examples of KPO, likes of Online Teaching, Patent Filing, valuation research, investment research, Legal and insurance claims processing, media content supply etc.

For Knowledge Process Outsourcing India is not only one nation, it has tough competition with Russia, the Czech Republic, China, Ireland and Israel. And although none of these nations could boost human resource and talent levels as great as India, China is in queue to grab a larger share of culturally similar markets such as Japan, Korea and. Russia, with the third-largest army of doctors and engineers and globally, well it could be the front leader to capture the European market of KPO.

National Association of Software Services Companies-NASSCOM, the IT Outsourcing industry lobby, online tutoring forms just a small segment of market for India's business of KPO; within the sector of KPO the financial process outsourcing is in fact witnessing explosive growth. Globally top twelve investment banks have captive operations of doing high end analysis work in India, employing more than 1,200 people and expected to go up to about 6000 in some of next few years. Healthcare, clinical trials and drugs research, design & development, biotech, legal support, R&D, and animation & graphics in the entertainment sector are some of areas with significant scope and potential for Knowledge Process Outsourcing. Still there are so many opportunities presents in KPO.

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