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Technavio’s research analyst predicts the global expansion services market to grow steadily at a rate of 7% during the forecast period. The shift towards core competencies by companies and the market potential in the APAC region are the key drivers for the growth of the expansion services market. Market expansion service providers support companies at various stages of the value chain including sourcing, research, feasibility analysis, marketing, sales, distribution and logistics, and after sales service.
The information security risks associated with expansion services is expected to pose challenges to the market growth during the forecast period. Companies share valuable inside information with the providers to ensure the success of the business in a new territory or even an existing market. The unauthorized use or exchange of this information can pose serious threats for the company's sustenance.
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