Business Process Outsourcing (BPO) Market by Manufacturers, Regions(Europe, Asia Pacific, North America and South America), Type and Application, Forecast to 2030 (Financial Impact Analysis)
ID : MRU_
96780 | Date :
Jan, 2023 | Pages :
184 | Region : Global |
Publisher : MRU
The Global Business Process Outsourcing (BPO) Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
Business process outsourcing (BPO) is defined as a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider.
Business Process Outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business related functions, typically IT related, to a third party service provider. This process usually involves multi-year, lucrative contracts between the client firm and service provider firm. Often, the employees of the service provider firm working for the client firm are incorporated in the client firm. Off-shoring, which is delegating work to a company based in another country is widely carried out by many global companies. Another similar outsourcing activity called Knowledge Process Outsourcing (KPO) functions on similar lines with the exception that highly critical tasks that involve skill, knowledge, education and expertise are outsourced to third party service providers. Types of services carried out by BPOs include administration, finance and accounting, human resources, payment services, logistics and distribution, customer support, etc. Types of services carried out by KPO include intellectual property research for patent applications, legal and medical services, training, market research, business research, consultancy, research and development, etc. BPO finds applications in many verticals such as manufacturing, telecommunications, technology, banking, insurance and finance services, retail and healthcare among others.
In the global Business Process Outsourcing (BPO) Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
This report focuses on Business Process Outsourcing (BPO) volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Business Process Outsourcing (BPO) market size by analysing historical data and future prospect.
In Market segmentation by manufacturers, the report covers the following companies-
Accenture
Cognizant
Genpact
IBM
TCS
HP
Tech Mahindra
Capgemini
Wipro
EXL
NTT DATA(Dell)
WNS Global
Minacs
Infosys
Mu Sigma
Aegis
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
HR
Procurement
F&A
Customer Care
Logistics
Sales & Marketing
Training
Product Engineering
In Market segmentation by applications :
BFSI
Manufacturing
Healthcare
Retail
Telecom
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Business Process Outsourcing (BPO) Market for the forecast period 2023 - 2030?
• What are the driving forces in the Business Process Outsourcing (BPO) Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Business Process Outsourcing (BPO) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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