With major growth predictions and expanding services offering, the Knowledge process outsourcing industry (KPO) is all set to boom, taking 70 percent of the market by 2010. Knowledge process outsourcing (KPO) is gaining vital importance right now. Major industry associations and market research companies have given due importance to the service providers working in this segment. So, the BPO s is now creating business units to serve the KPO market.  

According to the market predictions, the global knowledge process outsourcing (KPO) market will reach $17 billion by 2010. It also predicted that the KPO sector will employ more than 250,000 knowledge process outsourcing (KPO) professionals by 2010. A report states that the compound annual growth rate for the knowledge process outsourcing (KPO) industry will be 46 percent by 2010.  

The outsourcing companies can claim higher value and increase their revenue, by providing domain based processes and business expertise. The knowledge process outsourcing (KPO) market grows tremendously because the value preposition that they offer translates into good business strategy for most outsourcing clients.  

According to a recent study, in the coming years there will be a tremendous growth for the knowledge process outsourcing (KPO) players. Companies which win the knowledge process outsourcing (KPO) race will be those who manage the knowledge cycle, help their clients create, protect and monetize knowledge. Unlike the BPO market, the scope for offering knowledge process outsourcing (KPO) services by providers is larger. Areas like pharmaceuticals, biotechnology, legal services, intellectual property, research and development, automotive and aerospace industries have significant potential for knowledge process outsourcing (KPO). Due to the business potential for knowledge process outsourcing (KPO), most BPO s are now evolving their knowledge process outsourcing (KPO) practices.