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Business Process Outsourcing (BPO) Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

11-15-2023 06:51 AM CET | Media & Telecommunications

Press release from: Orion Market Research

Business Process Outsourcing (BPO) Market Comprehensive

BPO market is anticipated to grow at a considerable CAGR of 7.8 % during the forecast period. Rapidly rising adoption of various advance and new technologies such as Robotic Process Automation (RPA) and cloud computing by the market players is major factor which is bolstering the growth of the market. Cloud computing uses a network of internet-connected, remote services to manage, store, and process data. It supports BPO providers in increasing the speed of production, gaining greater quality control, and reducing costs. Adopting cloud computing in the BPO industry aids flexible provisioning, instant computing support, and system access for business purposes whenever required. Furthermore, cloud computing also offers to the BPO market is the reduction in development costs, capital expenditure, the total cost of ownership, and costs aligned to business demands. Such benefits from cloud-based technology are expected to encourage the adoption of cloud computing in the business process outsourcing market over the forecast period.

BPO service providers can also leverage the benefits of cloud computing to reduce the time required for processing data-intensive business processes. As such, cloud computing in BPO can potentially enhance data processing workflow while reducing the turnaround time, which is another factor fueling the growth of the business process outsourcing market over the forecast.

Moreover, RPA can help BPO providers speed up and offer great new services to clients at an effective and reduced cost. The Implementation of social media management tools focused on real-time customer engagement and cloud technologies is also expected to play a pivotal role in driving the growth of the BPO market over the forecast period.

To Request a Sample of our Report on Business Process Outsourcing (BPO) Market: https://www.omrglobal.com/request-sample/business-process-outsourcing-bpo-market

Market Coverage

· The market number available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

By Service Type

· By Deployment Model

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- including Capgemini SE, Genpact Ltd., Capita Plc, CBRE Group Inc., Ceridian HCM, Inc., CGI Group, Inc., DXC Technology Co., EXLService Holdings, Inc., HCL Technologies Ltd, and others.

A full Report of Business Process Outsourcing (BPO) Market is Available @ https://www.omrglobal.com/industry-reports/business-process-outsourcing-bpo-market

Business Process Outsourcing (BPO) Market Report Segment

By Service Type

· Finance & Accounting

· HR

· KPO

· Procurement

· Customer Services

· Others

By Deployment Model

· Cloud

· In-Premises

By End-User

· BFSI, Healthcare

· Manufacturing

· IT & Telecommunication

· Retail

· Energy & Utilities

· Others

Global Business Process Outsourcing (BPO) Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Alight Solutions LLC

· AMDATEX (American Data Exchange)

· Amdocs

· Atos SE

· Automatic Data Processing, Inc.

· Capita plc

· CBRE Group, Inc.

· Ceridian HCM Holding, Inc.

· CGI Inc.

· DXC Technology

· EXLService

· HCL Technologies

· International Business Machines Corp.

· KARVY Global Services

· NGA Human Resources

· NCR Corp.

· NTT DATA Corp.

· Randstad NV

· Sopra Steria

· Sodexo

· StarTek, Inc.

· Tata Consultancy Services Ltd.

· TriNet Group, Inc.

· TTEC Holdings, Inc.

· Wipro Ltd.

· WNS Ltd.

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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