Press release
Business Process Outsourcing (BPO) Services Market is Expected to Reach USD 335.2 Billion by the End of 2024 | Key Market Players are ADP, LLC, Conduent Inc., Accenture PLC, WNS (Holdings) Ltd, Capgemini, Infosys BPM Limited and IBM Corporation
Business Process Outsourcing Services Market
Market Highlights
Market Research Future (MRFR), in its latest Business Process Outsourcing (BPO) Services Market 2020, reveals multiple influencing factors of the market. A complete detail of the effect of COVID 19 on the business outsourcing service market is supplemented along with the report. As per MRFR analysis, the business process outsourcing market is expected to rise at 10.8% CAGR in the analysis period 2019–2024. On the conclusion of the review period, the business process outsourcing service market can value at USD 335.2 Billion.
The rise in exercising of BPO services across the booming IT and telecommunication sector can promote the expansion of the BPO service market across the analysis period. The increase in investments made by different enterprises in outsourcing business processes can support the rise of the BPO services market. On the other side, the increase in issues associated with data privacy and integrity can pose major threat to the expansion of the global business process outsourcing (BPO) market rise.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4451
Segmentation:
The segment evaluation of the Global Business Process Outsourcing (BPO) Services Market is done by Organization Size, Type, Deployment, and Vertical.
The type based segments of the BPO services market are back office outsourcing, finance & accounting outsourcing, procurement outsourcing, human resource & recruitment outsourcing, e-commerce support services, IT outsourcing, training & development outsourcing, and others. The IT outsourcing segment can rise at 9.4% CAGR and generate about USD 82.99 billion by 2024. The finance & accounting outsourcing segment can rise at 10.0% CAGR and earn about USD 30.58 Billion in the years to come. The procurement outsourcing segment can rise at 17.1% CAGR by 2024.
The deployment based segments of the market are cloud and on-premise. The on-premise segment can rise at 7.5% CAGR and value above USD 107.59 billion in the years to come. The cloud segment can generate USD 78.63 billion at 14.6% CAGR across the analysis period.
The organization size based segments of the business process outsourcing market are SME enterprises and large enterprises. The large enterprise segment can rise at 8.5% CAGR to earn USD 126.62 billion revenue for the global market. The SME segment can valued at USD 59.60 Bn at 14.9% CAGR across the review period.
The vertical based segments of the market are IT and telecommunications, life sciences, BFSI, retail, manufacturing, consumer goods, government and defense, healthcare, and others. The BFSI segment can rise at 9.6% CAGR across the forecast period and value at USD 59.28 billion in the years to come. The IT & telecom segment can generate USD 41.32 billion revenue at 9.8% CAGR in the years to come. The government & defense segment can rise at 13.1% CAGR in the analysis period.
Regional Study
The business process outsourcing service market is studied across North America, EU, APAC, MEA, and South America. North America BPO services market is anticipated to gain global foothold across the analysis period. The expansion of Asia Pacific business process outsourcing can be attributed to the increase in industries in the region. In Europe, the BPO services market can thrive at considerable growth rate in the analysis period.
Competitive Analysis
Infosys BPM Limited, Accenture PLC, Capgemini, ADP, LLC, Conduent Inc., WNS (Holdings) Ltd, IBM Corporation, TTEC Holdings, Inc. Tata Consultancy Services Limited (TCS), and Conneqt Business Solution Limited are some prominent players in the Business Process Outsourcing (BPO) global Market as revealed by MRFR.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/business-process-outsourcing-services-market-4451
Business Process Outsourcing (BPO) Services Market Research Report: By Type (IT Outsourcing, Finance, and Accounting Outsourcing, Back Office Outsourcing, E-Commerce Support Services, others), Deployment ( Cloud, On-Premise), Vertical (BFSI, IT and Telecommunications, Healthcare and Life Sciences, Others), Region(North America, Europe, Asia Pacific, Middle East, and Africa, South America) - Forecast till 2024
Related Reports:
https://www.marketresearchfuture.com/reports/web-scale-it-market-1990
https://www.marketresearchfuture.com/reports/telecom-cloud-market-2027
Office No. 528, Amanora Chambers
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Business Process Outsourcing (BPO) Services Market is Expected to Reach USD 335.2 Billion by the End of 2024 | Key Market Players are ADP, LLC, Conduent Inc., Accenture PLC, WNS (Holdings) Ltd, Capgemini, Infosys BPM Limited and IBM Corporation here
News-ID: 2092856 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for Outsourcing
Help Desk Outsourcing Market to See Booming Growth | Qcom Outsourcing, Wipro, Ac …
Advance Market Analytics published a new research publication on "Global Help Desk Outsourcing Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Help Desk Outsourcing market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample…
Outsourcing MLRO
Outsourcing MLRO: We offer outsourcing solutions for the Money Laundering Reporting Officer. For the establishment of a audit-proof risk management for money laundering prevention, we assume the following tasks:
Appointment as Money Laundering Reporting Officer
As a money laundering officer, we monitor adherence to the German MLA and other legal requirements, including the requirements of other guidelines on money laundering prevention.
As a money laundering officer, we advise and inform the management on…
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “
The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing…
General and Administrative Outsourcing (GAO) Market Report 2018: Segmentation by …
Global General and Administrative Outsourcing (GAO) market research report provides company profile for Hp, Aon Hewitt, Cognizant Technology Solutions, Cgi, Genesys, Infosys, Ibm, Tcs, Capgemini, Accenture, Adp and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…
Outsourcing Services | Outsourcing Services
Intelgain Technologies, (previously known as Dynamic Web Technologies) is a certified Software solutions provider that delivers unique enterprise IT solutions, making your most complex, mission-critical projects simple and easy to handle. We partner you through strategic implementation of technology, backed by solid domain and industry expertise. Besides Custom Web, Bespoke Software Application development, we offer software consultancy, design, maintenance and support. We integrate, automate optimize Global business, using best-of-breed practices,…
SEO Outsourcing India Professional SEO Outsourcing India SEO Chennai
We are one of the leading Web Design Company in Chennai,Our services are Web Design,Web hosting,Domain Name Registrations,Software develpments,Email marketing,Seo ,Sem services ,Data mining softwares,open source softwares,etc
Web Design Chennai:The Spider India is a web design company based in Chennai City and dedicated to serving the local region. Most of our clients are located in Chennai, Mumbai, Bangalore, USA, UK, Australia and UAE. In order to provide the best quality services,…
