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Outsourcing in an innovative concept that is being adopted by a large number of industries across the globe. Outsourcing of services helps the companies in focusing on their core competencies and reduce the cost of operations. As a result, the global outsourcing industry is expected to encourage the growth of the global outsourcing market in the next few years. The rising awareness among manufacturers and service providers worldwide regarding the benefits of outsourcing is likely to generate lucrative opportunities for leading players operating in the outsourcing market in the coming years. Among the regional segments, North America holds a large share of the global outsourcing market and is expected to be followed by Asia Pacific in the coming years. The increasing competition among the key players and rising focus on providing enhanced and on-time services to consumers are predicted to accelerate the market’s growth in the near future. Moreover, the rising number of applications is expected to offer growth opportunities for market players.