A 2.8 percent growth, from $17.2B (2010) to $17.6B (2011), is expected for North America’s strategic document outsourcing (SDO) market, according to global IT research and advisory firm Gartner, Inc.
SDO is a subcategory of business process outsourcing (BPO) that involves publication of customer communications, as well as content creation, multimedia presentation, and incoming document processing. The documents can be produced as hard copies or digitally, or a combination of both.
Gartner’s research director Pete Basiliere said the business climate of the rest of 2011 and next year will have an impact to the SDO market. If the financial crisis continues, companies may be forced to stop their in-house operations and decide to outsource, which equates to more revenues for service providers. The downside is companies may have concerns on transitioning. Closing an SDO deal at a time when they couldn’t afford to face any problems in the current operations is something that can also have an effect on the SDO sector.
Due to the demand for automated workflows, reasonably-priced long-term SDO contacts, and providers’ ability to supply inbound services revenue along other value-added SDO services, the inbound services segment anticipates resilient growth that started with a five-percent increase in 2010 to 2011, and an average of 6.5 percent revenue growth up to 2015.