Global general and administrative outsourcing market forecast to grow 3.5%

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Global general and administrative outsourcing market forecast to grow 3.5%

The global general and administrative outsourcing (GAO) market is forecast to grow at a compounded annual growth rate of 3.5% during the period 2016-2020. According to a Technavio study, the companies' need to adopt best practices, new technologies, or transform business models will force them to look for new strategies, including outsourcing F&A-based services. The digital transformation in the BFSI, healthcare, telecom, and manufacturing sectors requires efficient planning processes to manage G&A costs, with organizations facing difficulties resort to outsourcing their general and administrative functions.