The transformation in market landscape is analysed in the superior Business Process Outsourcing (BPO) market report which is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers and acquisitions that in turn change the view of the global face of the industry. Proficient and radiant forecasting techniques used in the report are identical with accuracy and correctness. The report provides classification by companies, region, type and end-use industry. While preparing Business Process Outsourcing (BPO) market research report, customer satisfaction has been kept on the utmost priority which makes clients rely on us confidently. Businesses can assertively use the data, statistics, research, and insights about the market covered in the superior market report to make decisions about business strategies and to achieve maximum return on investment (ROI).
The business process outsourcing (BPO) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.9% in the forecast period of 2022 to 2029 and expected to reach USD 422,605.53 million by 2029. Growing necessity for business agility and scheduling multi-workflow for improving business efficiency are the prominent factors that drive growth of the market.
Available Sample Report in PDF Version along with Graphs and Figures @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-business-process-outsourcing-market
Business process outsourcing (BPO) is the practice of contracting or outsourcing a specific work process or processes to an external service provider for the required function. The services can include payroll, accounting, telemarketing, data recording, social media marketing, customer support, and more. BPO can be done for non-core business activities such as recruiting, managing finance and payroll, supervising procurement, and providing training among others. Business process outsourcing can be provided in various domains including human resources, sales & marketing, supply chain, finance & accounting, education & training, payment among others.
Outsourcing necessary processes such as recruiting, accounts payable, managing procurement, or various utility bill processing help take care of important yet repetitive tasks that need to perform very frequently or on daily basis and need freeing your internal resources to focus on your core competency. As organizations streamline and improve their services or products, they can gain business and scale up their operations, which then help them to increase their revenue.
Key Market Players:
- IBM Corporation,
- Cognizant,
- Capgemini,
- Genpact,
- ADP, Inc.,
- Wipro Limited,
- Accenture,
- Tata Consultancy Services Limited,
- HCL Technologies Limited,
- NTT DATA, Inc.,
- WNS (Holdings) Ltd.,
- NCR Corporation,
- Tech Mahindra Limited.,
- Infosys Limited,
- Triniter,
- Concentrix Corporation,
- TTEC,
- SunTec Web Services Pvt. Ltd.,
- Invensis Technologies Pvt. Ltd.,
- Plaxonic Technologies,
- Sodexo,
- ExlService Holdings, Inc. and Affiliates,
- AMDOCS,
- CBRE,
- Unity Communications,
- eNoah,
- Helpware and Octopus Tech, and
- Conduent Inc. among others.
We can add or profile new company as per client need in the report. Final confirmation to be provided by research team depending upon the difficulty of survey.
For instance,
- In August 2020, Concentrix Corporation, has come up with advanced biometric solution SecureCX, the CX BPO industry’s newest Work-at-Home (WAH) platform, which will provide next generation security features for Work-at-home environments. With this new launch company has expanded and enhanced their solution offerings.
- In November 2020, Conduent, Inc. announced an agreement with Vaya Health to simplify and manage care organizations to benefit the Medicaid recipients in North Carolina. The preparations allowed over here required to coordinate payment of benefits with prepaid health plans (PHPs). The partnership has strengthened the revenue sector for the company delivering more profit for the organization.
Read Detailed Index of full Research Study @ https://www.databridgemarketresearch.com/reports/global-business-process-outsourcing-market
Global Business Process Outsourcing (BPO) Market Scope
Business process outsourcing (BPO) market is segmented on the basis of outsourcing type, service, application, deployment mode, organisation size, ownership, outsourcing approach and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of outsourcing type, global business process outsourcing (BPO) market is segmented into offshore, nearshore and onshore. In 2022, offshore segment dominates the overall market with largest market share owing to the factor such as proper communication skills requirement, quality service and others.
- On the basis of service, global business process outsourcing (BPO) market is segmented into voice processing, telemarketing services, 3D visualization services, image edition services, virtual staffing services and others. In 2022, voice processing segment augments the market with largest market share due to the due to rapidly growing customer support based industries among others
- On the basis of application, global business process outsourcing (BPO) market is segmented into human resource, sales & marketing, finance & accounting, procurement & supply chain, facilities & administrations, customer care, training, product engineering and others. In 2022, customer care segment held the largest share due to rising need of technical assistance amongst varied industries.
- On the basis of deployment mode, global business process outsourcing (BPO) market is segmented into on premise and cloud. In 2022, cloud segment will dominate the market as due to cost reduction feature and efficient scalability.
- On the basis of organization size, the global business process outsourcing (BPO) market is segmented into large enterprises and SMEs. In 2022, large enterprise segment is dominating the market owing to the several factors such as flexible staffing solutions, comprehensive service offering and others.
- On the basis of ownership, the global business process outsourcing (BPO) market is segmented into third party and captive. In 2022, captive segment augments the market with largest market share due to long term commitment and optimum level of control.
- On the basis of outsourcing approach, the global business process outsourcing (BPO) market is segmented into best-shore, bundled services, contract based and fee for services. In 2022, contract based segment holds the largest market share owing to the rising need of higher work flexibility in the market.
- On the basis of end-user, the global business process outsourcing (BPO) market is segmented into BFSI, IT & telecom, healthcare, manufacturing, retail & ecommerce, government & defense, transportation & logistics, travel & hospitality, education, energy & utilities and others. In 2022, IT and telecommunication segment dominates the overall market owing to rising number of IT services companies.
Global Business Process Outsourcing (BPO) Market Regional Analysis/Insights
Business process outsourcing (BPO) market is segmented on the basis of outsourcing type, service, application, deployment mode, organisation size, ownership, outsourcing approach and end-user.
The countries covered in business process outsourcing (BPO) market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E, Israel, Rest of Middle East & Africa.
The U.S. accounted for the largest market share for the business process outsourcing (BPO) offsource segment due to the growing adoption of offshoring in developing countries due to low labor costs. The U.K. accounted for the largest market share in Europe due to the increasing business agility in every organisation. However, Japan accounted for the largest market share in Asia-Pacific owing to lower labour costs and enhancing business process efficiency.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
To check the complete Table of Content click here: @ https://www.databridgemarketresearch.com/toc/?dbmr=global-business-process-outsourcing-market
Browse More DBMR Reports:
https://www.databridgemarketresearch.com/reports/global-construction-management-software-market
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.
Contact Us
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – corporatesales@databridgemarketresearch.com
- Digital Identity Solutions Market Size Is to Hit USD 97.59 Bn with A Healthy Growing CAGR Of 16.98% Over 2023-2030 - August 9, 2023
- Intelligent Document Processing Market Is to Potentially Grow at A CAGR Of 30.12% Between 2023-2030 - August 9, 2023
- Connected Agriculture Market 2023 Global Future Scope, New Opportunities, and Technology Analysis Report | CAGR Growth of 18.96% Over 2023-2030 - August 9, 2023