BPO Business Analytics Market Detail Analysis focusing on Key Players like Accenture, Cognizant, Genpact, IBM, TCS, HP, Tech Mahindra, Capgemini, Wipro, EXL, NTT DATA(Dell), WNS Global, Minacs, Infosys & more

MarketStudyReport.com adds a new Global BPO Business Analytics Market Analysis & Forecast 2018-2023 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Scope of the Report:
This report focuses on the global BPO Business Analytics market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.

Decision makers worldwide are under tremendous pressure to optimize their business operations, acquire new customers, and increase their market share, thereby driving long-term profitability. Business analytics is used for strategic decision making, enabling organizations to understand their customers, optimize operational cost, and improve business efficiency and competitiveness. The demand for regulatory compliance and transparency is high across sectors such as BFSI and healthcare. Enterprises in these sectors need to comply with regulatory norms such as Basel III and Solvency II. Business analytics outsourcing helps enterprises addresses such compliance requirements by increasing their transparency.

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The adoption of systems such as ERP, CRM, SCM, and SFA by enterprises and the industrial Internet revolution have led to the generation of large volumes of data. Moreover, with the increased adoption of big data, the use of business analytics has also surged with a greater need to understand data. Data analytics tools and technologies help derive powerful insights and make efficient use of big data. This helps organizations make strategic decisions based on actionable insights for their business activities.

Global BPO business analytics industry is highly fragmented, industry vendors are mostly in the India and USA. The market is extremely competitive with vendors competing to gain a greater market share. Players in the market are constantly looking for ways to increase their market share through mergers and acquisitions and partnerships. They are also focusing on differentiating themselves by offering mobile-enabled business analytics solutions, predictive analytics, and cloud-based business analytics services. Among them, Accenture is the world leading player in the global BPO business analytics market with the market share of 17.5% in 2015, in terms of revenue.

The BFSI end user segment led the market during 2015, accounting for a market share of more than 23.97%. BFSI organizations worldwide are reaping benefits of business analytics to enhance business productivity and gain competitive advantage. The generation of large volumes of transactional data in this segment is driving the demand for business analytics. Moreover, the growing need to comply with regulatory norms and make them more transparent has propelled the demand for analytics in the BFSI sector.

The global BPO Business Analytics market is valued at 16500 million USD in 2017 and is expected to reach 36900 million USD by the end of 2023, growing at a CAGR of 14.3% between 2017 and 2023.

Market Segment by Manufacturers, this report covers:
Accenture, Cognizant, Genpact, IBM, TCS, HP, Tech Mahindra, Capgemini, Wipro, EXL, NTT DATA(Dell), WNS Global, Minacs, Infosys, Mu Sigma, Aegis.

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Market Segment by Type, covers:
HR
Procurement
F&A
Customer Care
Logistics
Sales & Marketing
Training
Product Engineering

Market Segment by Applications, can be divided into:
BFSI
Manufacturing
Healthcare
Retail
Telecom
Others

More Report At: https://empowerednews.net/author/gminsights/

Related Report:

Global BPO Business Analytics Market Size, Status and Forecast 2025

This report studies the global BPO Business Analytics market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global BPO Business Analytics market by companies, region, type and end-use industry.

https://www.marketstudyreport.com/reports/global-bpo-business-analytics-market-size-status-and-forecast-2025/?utm_source=RR-PSR

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