The Hindu Business Line : India may corner KPO services worth $12 b by 2010: Study

BACKED by a large pool of highly-skilled professionals such as engineers, doctors and lawyers, India is strongly positioned to increase its knowledge process offshoring (KPO) services such as research and development in pharmaceuticals and data mining to about $12 billion by 2010 against the existing 720 million, according to a study by research firm, Evalueserve.

The revenue for the global KPO market is projected to surge to $17 billion by fiscal 2010 from $1.29 billion in fiscal 2003.

This would reflect 46 per cent cumulative annual growth.

In contrast, the revenue from plain vanilla business process outsourcing (BPO) services would grow to $39.8 billion by 2010 against $7.7 billion in 2002-03.

Stating that India was strongly positioned to corner about 70 per cent of the global KPO market by 2010, leaving behind other hot KPO destinations such as Russia and China, Mr Ashish Gupta, Chief Operating Officer of Evalueserve, said that as many as 2,50,000 such professionals would be hired by the Indian KPO providers by 2010.

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