Outsourced processing services in Asia-Pacific to grow at 11.4% a year

IDC forecasts the total market size for outsourced processing services to achieve a compound annual growth rate (CAGR) of 11.4% from 2005-2009 and generate more than $23 bln in revenues by 2009. IDC found Processing Services amounted to $14.9 bln in 2005 and is forecast to exceed $16 bln by end of 2006.