Business Process Outsourcing Market by End-user and Geography - Forecast and Analysis 2021-2025
- Published: Apr 2021
- Pages: 120
- SKU: IRTNTR44588
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The business process outsourcing market has the potential to grow by USD 40.16 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.02%.
This business process outsourcing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (IT and telecommunication, BFSI, retail, healthcare, and others) and geography (North America, Europe, APAC, MEA, and South America). The business process outsourcing market report also offers information on several market vendors, including Accenture Plc, Automatic Data Processing Inc., Capgemini SE, Infosys Ltd., International Business Machines Corp., NEC Corp., NTT DATA Corp., Tata Consultancy Services Ltd., Wipro Ltd., and ZTE Corp. among others.
What will the Business Process Outsourcing Market Size be in 2021?
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Business Process Outsourcing Market: Key Drivers and Trends
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing adoption of BPO by IT and telecom service providers is notably driving the business process outsourcing market growth, although factors such as data breaches may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the business process outsourcing market industry get your FREE report sample now.
This business process outsourcing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Business Process Outsourcing Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Accenture Plc
- Automatic Data Processing Inc.
- Capgemini SE
- Infosys Ltd.
- International Business Machines Corp.
- NEC Corp.
- NTT DATA Corp.
- Tata Consultancy Services Ltd.
- Wipro Ltd.
- ZTE Corp.
The business process outsourcing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the business process outsourcing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Business Process Outsourcing Market?
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38% of the market’s growth will originate from North America during the forecast period. The US is the key market for business process outsourcing market in North America. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South America.
The US is also one of the main consumers of India's ITES-BPO services, with approximately 66% share of the market. The BPO market in the region is expected to grow at a moderate growth rate during the forecast period as the market is mature compared with other regional markets. These factors will facilitate the business process outsourcing market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Business Process Outsourcing Market?
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The IT and telecommunication market segment has captured most of the market share of the global BPO market. The growth of this segment can be attributed to technological advances, fast growth in data traffic, and growing demand for digital content and communication by consumers. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the business process outsourcing market size.
What are the Key Factors Covered in this Business Process Outsourcing Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive business process outsourcing market growth during the next five years
- Precise estimation of the business process outsourcing market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the business process outsourcing industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of business process outsourcing market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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