London, 17 March 2015 – The Business Process Outsourcing (BPO) Market in the Czech Republic is expected to witness significant growth, with a projected CAGR of 16.33 percent from 2014-2019.
Much of this growth is due to the strategic location of the country, according to a new report from research firm TechNavio.
The Czech Republic is located in the heart of Europe, which means low transportation costs and easy accessibility from Europe, the APAC region and the Americas. Its location also provides it with a cultural and business proximity to key countries that require BPO services.
“The proximity to other European nations means that the language barrier is negligible, making the Czech Republic a viable option for outsourcing business services, which is a key advantage,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes the rise in demand for finance and accounting (F&A) outsourcing. Growing global demand for F&A BPO has led to some prominent financial services industry leaders establishing their outsourcing service centers in Central and Eastern Europe.
“The F&A outsourcing capabilities Central and Eastern Europe are attracting leading companies like Citigroup, Philips, GE Money Bank, and Morgan Stanley to build accounting captive centers in the region,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
