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Business Analytics BPO Services Market Size 2021-2031 by Trends, Share, Growth, Company Profiles: IBM Corporation, Wipro Limited, Capgemini, Infosys Limited, TCS, HCL Tech

12-16-2021 10:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FMI

Business Analytics BPO Services Market

Business Analytics BPO Services Market

According to Future Market Insights (FMI), the business analytics BPO services market is expected to grow at a CAGR of 13.9% from 2021-2031, reaching a valuation of ~US$ 6.2 Bn by the end of 2021. As per Future Market Insights (FMI) rapid technological advancements in the IT & telecom industry have created impressive prospects for growth.

FMI’s newly released data on the business analytics BPO services demand outlook indicates a 12.6% y-o-y growth in 2021. While manufacturing sector is projected to remain the dominant end user, demand in the BFSI segment will grow at a higher pace of 17.6% CAGR over the assessment period.

Request a report sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-3348

"As the complexity and volume of enterprise data continues to grow, buyers will look to leverage advanced solutions that utilize machine learning and cognitive capabilities to manage and transform unstructured data. Rising demand for business analytic services has enabled vendors to provide a diverse range of industry-specific solutions, assisting customers to ensure agility and effectiveness of an enterprise's business processes,” says an FMI analyst."

The COVID-19 pandemic has impacted every sector and social distancing norms have driven the transition towards digitalization while ensuring safety. BPO organizations have shifted from single-function operations to multi-functional operations to reduce the risk of viral transmission at a single location. The pandemic has forced BPO companies to transition quickly to automated techniques to ensure accuracy and efficiency. Thus, the demand for business analytics is estimated to grow around 10.2% to 12.6% Y-o-Y from 2019 to 2021.

Increasing volume of enterprise data coupled with soaring need for embedded analytics is likely to fuel the demand for business analytics BPO services over the coming years. The sales of business analytics BPO services are estimated to rise at 13.9% CAGR between 2021 and 2031 in comparison above 10.5% CAGR registered during 2016-2020.

Discover more about report analysis with figures and data tables, along with the table of contents. Ask for Customization- https://www.futuremarketinsights.com/customization-available/rep-gb-3348

Key Takeaways: Business Analytics BPO Services Market

Demand for data analytics & visualization services are estimated to grow at a robust CAGR of 18.6% through 2031.
BFSI applications will consistently increase, driven by demand for analytics for the financial sector.
The U.S. will account for over 86% of the North America market by 2031, supported by the presence of major players and several end-use industries.
The market in India is expected to progress at a noteworthy CAGR of more than 26% through 2031, supported by increasing investments in the IT and telecom sector.
In the U.K., sales are expected to increase at a CAGR of close to 16% over the next ten years, driven by digitalization of small and medium enterprises.

Competitive Landscape

Leading companies discussed in the report are focusing on acquisitions and strategic collaborations to establish their presence in various developing regions. Strategies adopted by them include innovation, collaborations with key players, and strengthening of regional and global distribution networks.

IBM Corporation
Wipro Limited
Capgemini
Infosys Limited
Tata Consultancy Services (TCS)
HCL Technologies
Cognizant
Tech Mahindra Limited
Genpact
WNS Global Services
EXL Service
Firstsource Solutions Limited
Concentrix
ScienceSoft

Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/3348

Business Analytics BPO Services Outlook by Category

By Services:
Data Analytics & Visualization Services
Risk Analytics Services
Marketing & Sales Analytics Services
Supply Chain Analytics Services
Financial Analytics Services
Others

By Enterprise Size:
Small and Medium Enterprises (SMEs)
Large Enterprises

By Industry:
BFSI
Manufacturing
Retail
IT & Telecom
Government
Healthcare
Travel & Hospitality
Others

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

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