Business Process Outsourcing (BPO) Services Market Snapshot
Market Research Future (MRFR), in its latest Business Process Outsourcing (BPO) Services Market 2020, reveals multiple influencing factors of the market. A complete detail of the effect of COVID 19 on the business outsourcing service market is supplemented along with the report. As per MRFR analysis, By the end of 2030, the business process outsourcing (BPO) services market size is expected to reach USD 381.62 Billion with a 9.6% CAGR. The report BPO Services industry by highlighting the individual companies, investors, producers, distributors, and providers of raw materials. The report details the risks, opportunities, mature segments, and emerging segments in the market.
The rise in exercising of BPO services across the booming IT and telecommunication sector can promote the expansion of the BPO service market across the analysis period. The increase in investments made by different enterprises in outsourcing business processes can support the rise of the BPO services market. On the other side, the increase in issues associated with data privacy and integrity can pose major threat to the expansion of the global business process outsourcing (BPO) market rise.
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Business Process Outsourcing (BPO) Services Market Key Players
The prominent key players in the business process outsourcing market services market are the following:
- ADP
- LLC
- Conduent Inc.,
- Accenture PLC
- WNS (Holdings) Ltd
- Capgemini
- Infosys BPM Limited
- IBM Corporation
- Tata Consultancy Services Limited (TCS)
- TTEC Holdings
- Conneqt Business Solution Limited
Business Process Outsourcing (BPO) Services Market Segmental Analysis
The segment evaluation of the Global Business Process Outsourcing (BPO) Services Market is done by Organization Size, Type, Deployment, and Vertical.
Based on Type
The global business process outsourcing services market based on the type are divided into IT outsourcing, back office outsourcing, finance accounting outsourcing, E-commerce support services, training development outsourcing, and others.
Based on Deployment
Based on the deployment, the global business process outsourcing services market is segmented into two types as cloud and on-premise.
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Based on Organization size
The global business process outsourcing services market by the organization size is classified into small and medium-sized enterprises and large enterprises.
Based on Vertical
Based on vertical, the global business process outsourcing services market is classified into various segments as BFSI, IT Telecommunications, retail consumer goods, manufacturing, healthcare and life sciences, government defense, and others. Among them, the IT Telecommunication segment dominates the market with a share of 34% in 2020. The rise of the number of IT companies and rapid industrialization in the world makes this segment increase the growth rate.
Business Process Outsourcing (BPO) Services Market Regional Study
The business process outsourcing service market is studied across North America, EU, APAC, MEA, and South America. North America BPO services market is anticipated to gain global foothold across the analysis period. The expansion of Asia Pacific business process outsourcing can be attributed to the increase in industries in the region. In Europe, the BPO services market can thrive at considerable growth rate in the analysis period.
Key Points Covered in the Report:
- The Business Process Outsourcing (BPO) Services research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
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