The UK Business Process Services market is predicted to grow annually at 7 per cent. The main reason for the increase is the advent of cloud computing.

TechMarketView, a leading IT analyst firm, has increased its November 2010 UK BPS market growth forecast for 2011 from 4.2 per cent to 5.3 per cent. The analyst firm raised its forecast in light of more positive news coming from the industry and some significant new contract awards. The UK BPS market is expected to reach a value of £6.6bn by 2014.

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