Software And BPO Services Market Value is Expected to Reach $3305.8 Billion by 2023 : Covid 19 Impact And Recovery

The Business Research Company offers "Software And BPO Services Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global software and bpo services market is expected to grow from $2333.3 billion in 2019 to $2378.3 billion in 2020 at a compound annual growth rate (CAGR) of 2%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12% from 2021 and reach $3305.8 billion in 2023.

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The software services market consists of sales of software services by entities (organizations, sole traders and partnerships) that provide software services including application software programming services, computer program (software) development, computer software support services and web design services.This market includes sales of related goods.

Many BPO companies are automating processes through Robotic Process Automation (RPA).RPA automates processes that are repetitive, rule-based and frequent. RPAs are considered to be cost effective as they normally cost one-tenth of a Full Time Equivalent (FTE) person working in the US, UK or a third of the cost of an FTE working offshore. For instance, a major bank automated Fraudulent Account Closure, Loan Application Opening and Right Of Set Off processes that saved over 120 FTE and reduced bad debt provision by £175m per annum.

Software And BPO Services Market Segmentation: -
By Type
BPO Services
Software Services

By Organisation Size
Large Enterprises
Small And Medium Enterprises

By End-Use Industry
Financial Services
Retail & Wholesale
Information Technology
Manufacturing
Healthcare
Others

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Software And BPO Services Market Characteristics
4. Software And BPO Services Market Product Analysis
5. Software And BPO Services Market Supply Chain
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21. Key Mergers And Acquisitions In The Software And BPO Services Market
22. Market Background: IT Services Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the Software And BPO Services Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Software And BPO Services Market are IBM, Fujitsu, HPE, SAP, Accenture

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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