Business Process Outsourcing Market Size To Grow At A CAGR Of 7.09% In The Forecast Period Of 2023-2029

The global Business Process Outsourcing market reached a valuation of US$ 194.68 Bn. in 2023 and is poised to attain US$ 314.46 Bn. by 2029, manifesting a compound annual growth rate (CAGR) of 7.09% throughout the forecast period.

Market Overview:

This study presents a comprehensive analysis of the Business Process Outsourcing market encompassing components, applications, industries, and geographical regions. Delving into intricate details, the research elucidates the primary drivers steering the growth of the Business Process Outsourcing market and provides an exhaustive examination of its value chain.

Market Scope:

The research methodology employed for assessing and projecting the Business Process Outsourcing market commences with secondary research utilizing sources that compile revenue data from pivotal suppliers. Vendor offerings are also factored in while delineating market segmentation. Employing the bottom-up approach, the overall size of the Business Process Outsourcing market was deduced leveraging the revenues of significant enterprises.

Drivers:

The Business Process Outsourcing market report comprehensively covers major restraints and drivers influencing market dynamics.

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Segmentation:

by Service

Voice Processing
Telemarketing Services
Customer Care Services

by Outsourcing Type

Offsource
Nearshore
Onshore

by Application

Sales & Marketing
Procurement & Supply Chain
Facilities & Administrations
Customer Care
Training

by Organization Size

Large Enterprises
SMEs

by Ownership

Captive
Third-Party

by End User

BFSI
IT & Telecom
Healthcare
Manufacturing
Retail & E-Commerce
Government & Defense
Transportation & Logistics
Travel & Hospitality
Education
Energy & Utilities
Others

Key Players:

The Business Process Outsourcing market report features major players including:

1. ADP, LLC. (New Jersey)
2. Conduent Inc., (New Jersey)
3. Accenture PLC. (Ireland)
4. WNS Global Services Ltd. (India)
5. Capgemini (France)
6. Infosys BPM Limited (India)
7. IBM Corporation (New York)
8. Tata Consultancy Services Limited (TCS) (India)
9. TTEC Holdings, Inc., (Colorado)
10.Conneqt Business Solution Limited (India)
11.HCL Technologies (India)
12.Wipro Ltd. (India)
13.Amdocs (Missouri)
14.NCR Corporation (Georgia)
15.Sodexo (France)
16.Genpact (India)
17.Concentrix (California)
18.Teleperformance (France)
19.Plaxonic Technologies (India)
20.EXL Service (New York)
21.Skyes (Florida)
22.OctopusTech Solutions (India)
23.Aegis Limited (India)
24.CBRE Group, Inc. (Texas)
25.Anderson Group BPO Inc. (Philippines)
26.Automatic Infotech (India)
27.Avaloq (Switzerland)
28.Nihon (Japan)
29.Nomura Research Institute, Ltd. (Japan)
30.NTT Data (India)
31.ValueNotes Strategic Intelligence Pvt. Ltd. (India)
32.Oracle (Texas)
33.TriNet Group, Inc. (California)

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Regional Analysis:

Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East and Africa, and South America are individually accessible. Analysts at Maximize conduct competitive analysis for each competitor, evaluating competitive strengths comprehensively.

COVID-19 Impact Analysis on Business Process Outsourcing Market:

The COVID-19 pandemic has impacted various industries including aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. This crisis has also affected the Business Process Outsourcing market, influencing growth rates from 2019 to 2020. Our latest insights and analyses on mitigation strategies are crucial for industries and organizations navigating through the COVID-19 crisis, enabling them to digitize operations to deliver reliable data and insights to CEOs.

Key Questions Answered in the Business Process Outsourcing Market Report:

• Which segment dominated the Business Process Outsourcing market share?
• How was the competitive landscape of the Business Process Outsourcing market in 2020?
• What are the key factors fueling the growth of the Business Process Outsourcing market?
• Which region held the largest share in the Business Process Outsourcing market in 2020?

About Maximize Market Research:

Maximize Market Research is a versatile market research and consulting firm comprising professionals from diverse industries. Our coverage spans medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automation systems. We deliver industry-validated market estimations, technical trend analyses, critical market research, strategic guidance, competition analyses, production and demand assessments, and client impact studies.

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