Business Process Outsourcing Market Global Industry Analysis and Forecast (2023-2029) by Service, Outsourcing Type, Application, Organization Size, Ownership, End-User, and Region.
Business Process Outsourcing Market Overview:
The primary goal of this research is to assist the user in understanding the Business Process Outsourcing market in terms of definition, segmentation, market potential, significant trends, and the problems that the Business Process Outsourcing industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Market Dynamic:
The Business Process Outsourcing market is likely to benefit from substantial rise in investments in smart city projects in a number of nations throughout the world. Smart city technologies make use of information and communication technology to manage and operate urban services such as transport, water supply, and law and order. Smart cities employ a system that transfers data over a network without human intervention and with minimum human-to-computer interaction. The demand for service is likely to rise as smart cities use a variety of software to work efficiently. More than 5000 smart city initiatives totaling around USD 26.3 billion were underway in India by 2022.
Segmentation:
End-User, the IT and Telecom category dominated the worldwide Business Process Outsourcing Market in 2022, accounting for 22% of the market. The segment is predicted to expand at a 7.80% CAGR and maintain its dominance by 2029. Because of significant technical breakthroughs, the IT and telecommunications sectors have seen a comprehensive revolution around the world during the previous two decades. A modern telecommunications system is required for many countries’ manufacturing and service industries. The rising number of IT and telecom organisations, as well as global industrialization, are predicted to drive up demand for business process services in the IT and telecoms industries. IT and telecom BPO services satisfy the increased demand for high connection while also handling security.
Global Business Process Outsourcing Market Market, by Service (2022-2029)
• Voice Processing
• Telemarketing Services
• Customer Care Services
Global Business Process Outsourcing Market Market, by Outsourcing Type (2022-2029)
• Offsource
• Nearshore
• Onshore
Global Business Process Outsourcing Market Market, by Application (2022-2029)
• Sales & Marketing
• Procurement & Supply Chain
• Facilities & Administrations
• Customer Care
• Training
Global Business Process Outsourcing Market Market, by Organization Size (2022-2029)
• Large Enterprises
• SMEs
Global Business Process Outsourcing Market Market, by Ownership (2022-2029)
• Captive
• Third-Party
Global Business Process Outsourcing Market Market, by End-User (2022-2029)
• BFSI
• IT & Telecom
• Healthcare
• Manufacturing
• Retail & E-Commerce
• Government & Defense
• Transportation & Logistics
• Travel & Hospitality
• Education
• Energy & Utilities
• Others
Global Business Process Outsourcing Market Market, by Region (2022-2029)
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Business Process Outsourcing market are
• ADP, LLC. (New Jersey)
• Conduent Inc., (New Jersey)
• Accenture PLC. (Ireland)
• WNS Global Services Ltd. (India)
• Capgemini (France)
• Infosys BPM Limited (India)
• IBM Corporation (New York)
• Tata Consultancy Services Limited (TCS) (India)
• TTEC Holdings, Inc., (Colorado)
• Conneqt Business Solution Limited (India)
• HCL Technologies (India)
• Wipro Ltd. (India)
• Amdocs (Missouri)
• NCR Corporation (Georgia)
• Sodexo (France)
• Genpact (India)
• Concentrix (California)
• Teleperformance (France)
• Plaxonic Technologies (India)
• EXL Service (New York)
• Skyes (Florida)
• OctopusTech Solutions (India)
• Aegis Limited (India)
• CBRE Group, Inc. (Texas)
• Anderson Group BPO Inc. (Philippines)
• Automatic Infotech (India)
• Avaloq (Switzerland)
• Nihon (Japan)
• Nomura Research Institute, Ltd. (Japan)
• NTT Data (India)
• ValueNotes Strategic Intelligence Pvt. Ltd. (India)
• Oracle (Texas)
• TriNet Group, Inc. (California)
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Regional Analysis:
The report focuses on Global Regions and Market Size of Business Process Outsourcing , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Business Process Outsourcing Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Business Process Outsourcing industry in 2021.
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Key Questions answered in the Business Process Outsourcing Market Report are:
- What is the function of Business Process Outsourcing ?
- What is the predicted revenue generation of the Business Process Outsourcing market?
- At what growth rate is the Business Process Outsourcing market evolving?
- Who are the major market giants operating in the Business Process Outsourcing market?
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