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DUBLIN–()–Research and Markets () has announced the addition of the report to their offering. The global outsourcing market in BFSI sector is expected to grow at a CAGR of 6.79% during the period 2016-2020. The global BFSI outsourcing market is experiencing increased application of automation technology due to rapid advances in technology and related systems. Actual process and transaction of outsourced financial projects is done through automated systems. However, these outsourced projects are still managed by highly skilled professionals. According to the report, globalization has resulted in labor arbitrage. Labor arbitrage is regarded as one of the prospective benefits of outsourcing business processes. Business processes are now shifting from more expensive to less expensive locations. Firms incorporating this strategy need not invest in resources or worry about managing their limited available resources. Further, the report states that data security and privacy concerns are majorchallenges for any organization as business data are critical. Key vendors:

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