London, 11 February 2015 – With the growing need for a considerable reduction in operational costs, the Global IT Outsourcing Market in Capital Markets is expected to post a CAGR of 4.41 percent from 2014-2019, says research firm TechNavio.
The ability to reduce operational time and costs is the most appealing aspect of IT outsourcing for large businesses, as it removes the need for clients to invest in resources or worry about handling available resources. IT outsourcing helps firms gain access to local talent and advanced technologies, thus enabling them to maintain a lean staff component.
“IT outsourcing allows client firms to concentrate on core competencies and obtain a competitive edge in the market,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes cloud technology as a key factor that is constantly revolutionizing IT outsourcing. It allows instant access to applications on demand and eliminates the need to invest in IT infrastructure.
“The Global Cloud Computing Market is growing rapidly and its influence is expected to extend to the capital market in the coming years,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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