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Global Business Process Outsourcing Market Will Grow At An Impressive 8.5% CAGR Through 2032

05-23-2022 07:44 AM CET | IT, New Media & Software

Press release from: Fact.MR

Global Business Process Outsourcing Market Will Grow At

Business Process Outsourcing Market Analysis Provides Latest Trends and Drivers for 2021-2031

Global Business Process Outsourcing market study sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.

The market report tracks the global sales of Business Process Outsourcing in 20+ high growth markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Business Process Outsourcing sector in particular.

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How will Sales of Business Process Outsourcing will foster in 2021 and beyond?

In its latest report, Fact.MR offers an exhaustive overview of the global Business Process Outsourcing market with focus on key dynamics, including drivers, restraints, opportunities, trends and detailed information about the global Business Process Outsourcing market structure.

Business Process Outsourcing market sales across the world will rise with the increasing adoption of wireless technology and penetration of digital media. With the outbreak of COVID-19, companies have become heavily reliant on digital platforms for the survival.

In the post-digital world, digital realities and advanced technologies such as artificial intelligence and internet of thinking & related products/services will be in trend. Technological adoption rate is increasing exponentially, which will bolster the industry growth.

ICT companies. are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

China's ICT industry will register high growth opportunities, especially as tech companies focus on digital transformation in the field of robotic process automation, data theft security, cloud & edge computing and cybersecurity.

Market players across China are shifting their focus on customer needs by taking a more nuanced approach through new service offering and by adopting various strategies such as product development and innovation.

The ICT sector across the U.K., France, and Germany will register robust growth during the forecast period owing to the increasing research & development activities for the development of novel technologies. Rising adoption of artificial intelligence and big data science among the ICT service providers will boost the growth.

Advent of 5G wireless technology across India will aid the growth of ICT sector combined with the adoption of edge computing within various end-use sectors such as healthcare, automotive and food & beverage industry. Emergence of e-commerce platforms within the manufacturing companies of diverse end-use sectors will improve the demand over the coming years.

Rise in adoption of autonomous vehicles across South Korea and Japan is improving the adoption of computing technologies for higher connectivity in the automobiles. This trend will strengthen the growth of ICT industry.

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Key Segments Covered in the Business Process Outsourcing Industry Report

By Services

Finance & Accounting
Human Resources
Knowledge Process Outsourcing
Procurement & Supply Chain
Customer Services
Others

By End Use

Banking, Financial Services, and Insurance (BFSI)
Manufacturing
IT & Telecommunication
Retail
Others (travel and transportation, government, education, construction, and utilities)

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Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground

In December 2021, (NYSE: ACN) has completed the acquisition of Tambourine, an e-commerce customer experience agency with award-winning capabilities in cloud-based technologies in Japan. Tambourine provides integrated commerce services on the Salesforce platform and brings a proven track record in using Salesforce Commerce Cloud to deliver seamless commerce experiences for consumer goods and entertainment companies.
In January 2022, In January, Genpact Ltd, the business process outsourcing (BPO) company listed on the New York Stock Exchange (NYSE), bought Milpitas, California-based data analytics firm Enquero Inc. in the 14th acquisition

Key Regions Analysed

North America
Latin America
Europe
Asia-Pacific
Middle East & Africa

Key Country-wise Inclusions

US Business Process Outsourcing Market
Canada Business Process Outsourcing Sales
Germany Business Process Outsourcing Production
UK Business Process Outsourcing Industry
France Business Process Outsourcing Market
Spain Business Process Outsourcing Supply-Demand
Italy Business Process Outsourcing Outlook
Russia & CIS Market Analysis
China Business Process Outsourcing Market Intelligence
India Business Process Outsourcing Demand Assessment
Japan Business Process Outsourcing Supply Assessment
ASEAN Business Process Outsourcing Market Scenario
Brazil Business Process Outsourcing Sales Analysis
Mexico Business Process Outsourcing Sales Intelligence
GCC Business Process Outsourcing Market Assessment
South Africa Business Process Outsourcing Market Outlook

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