Business Process Outsourcing (BPO) Industry

Global Business Process Outsourcing (BPO) Market valued approximately USD 189.61 billion in 2017 is anticipated to grow with a healthy growth rate of more than 7.75% over the forecast period 2018-2025.

Business Process Outsourcing (BPO) Market is continuously growing in the global scenario at significant pace. Business Process Outsourcing (BPO) is a business practice in which one organization hires another company to perform a task that hiring organization requires for its own business to successfully operate. Surging number of organization indulged in business outsourcing, rising focus on workload management and surging adoption of outsourcing for back office operations are the substantial driving factors of the market during the forecast period.

Moreover, increasing number of call centers and BPO is the major factors that likely to create numerous opportunity in the near future. In addition, Business Process Outsourcing (BPO) is very cost effective for the client company as well as increases the speed of business processes outsourced to them thereby is another factors that impelling the growth in the market of Business Process Outsourcing (BPO) during the forecast period. However, security and privacy concern is one of the major factors that limiting the growth of the market across the world. Asia-Pacific anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to increasing number of call centers in the region.

Major market player
Accenture
Cognizant
Delloite
Genpact
TCS
IBM Corporation

Report  define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.

Detailed segments and sub-segment of the market: 

By Type:

HR
Procurement
Customer Care
Logistics
Others

By Application:

BFSI
Manufacturing
Healthcare
Retail
Telecom,

By Regions:

North America
Europe
Asia Pacific
Latin America
Rest of the World

Target Audience of the Global Business Process Outsourcing (BPO) Market:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Category: Finance and Banking Market Research
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