This Business Process Outsourcing (BPO) Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Magnet report simplifies managing marketing of goods and services effectively.
The global business process outsourcing (BPO) market size was valued at USD 7.18 billion in 2023 and is projected to reach USD 13.79 billion by 2031, with a CAGR of 8.5% during the forecast period of 2024 to 2031.
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Market Overview:
The business process outsourcing (BPO) market is experiencing significant growth globally, driven by several key factors. One of the primary drivers is the increasing trend among businesses to focus on their core competencies and outsource non-core functions to specialized service providers. This is especially noticeable in industries like IT, healthcare, finance, and telecommunications, where companies seek to lower costs and enhance operational efficiency. In addition, the rise of digital transformation and the adoption of new technologies such as artificial intelligence (AI), robotic process automation (RPA), and cloud computing are driving the demand for BPO services.
Some of the major players operating in the Business Process Outsourcing (BPO) Market are Quarnstrom & Vang (U.S.), Mediterranean Consulting (Cyprus), Parera Consulting Group SL (Spain), Newco communications (U.S.), Callgest (Spain), DISYS (U.S.), Xterna (U.S.), Grupo CMC (Spain), Nova BPO (U.S.), TRIA HORA (Spain), Cognodata (Spain), DAEM Dirección y Administración de Empresas, S.A. (Spain), Abinitio Consulting SLU (Spain), UNISONO SOLUTIONS GROUP S.L. (acquired by Intelica group), (Spain), Essentiel-outsourcing (Spain), Wallner Group (U.S.), CPM International (U.S.), Bukit BPO by BC (Philippines), TDCX (Singapore), WebhelpIBM Corporation (U.S.), Cognizant (U.S.), Capgemini (France), Genpact (U.S.), ADP, Inc. (U.S.), and Wipro Limited (India) among others.
Global Business Process Outsourcing (BPO) Market Scope
The market is segmented on the basis of outsourcing type, service, application, deployment mode, organization size, ownership, outsourcing approach, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Outsourcing Type
- Offshore
- Onshore
- Nearshore
Service
- Voice Processing
- Telemarketing Services
- Image editing services
- Virtual staffing Services
- 3d visualization Services
- Others
Application
- Customer Care
- Finance and Accounting
- Talent and HR Services
- Sales and Marketing
- Sourcing, Procurement & Supply Chain
- Facilities and Administration
- Product Engineering
- Training
- Others
Deployment Mode
- Cloud
- On Premise
Organization Size
- Large Enterprises
- SMEs
Ownership
- Captive
- Third Party
Outsourcing Approach
- Contract Based
- Bundled Services
- Best-Shore
- Fee for Service
End User
- IT and Telecommunication
- BFSI
- Manufacturing
- Healthcare
- Government & Defense
- Retail & E-Commerce
- Transportation and Logistics
- Travel and Hospitality
- Energy and Utilities
- Education
- Others
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Business Process Outsourcing (BPO) Market Landscape
Part 04: Global Business Process Outsourcing (BPO) Market Sizing
Part 05: Global Business Process Outsourcing (BPO) Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-business-process-outsourcing-market
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