Global General and Administrative Outsourcing Market 2024-2028

Global General And Administrative Outsourcing Market 2024-2028

The general and administrative outsourcing market is forecasted to grow by USD 29.05 bn during 2023-2028, accelerating at a CAGR of 5.35% during the forecast period. The report on the general and administrative outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high focus on reducing operational operating costs, need to focus on core competencies and improve efficiency, and increasing demand to standardize processes, technology, and governance.

Technavio's general and administrative outsourcing market is segmented as below:

By Type

• Finance and accounting outsourcing
• Payroll outsourcing
• Recruitment outsourcing
• Procurement outsourcing

By End-user

• Large enterprises
• SMEs

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the increasing number of startups partnering with BPOS and rising transparency as one of the prime reasons driving the general and administrative outsourcing market growth during the next few years. Also, rising number of acquisitions and partnerships among GAO service-providing vendors and emergence of data analytics and AI will lead to sizable demand in the market.

The report on the general and administrative outsourcing market covers the following areas:

• General and administrative outsourcing market sizing
• General and administrative outsourcing market forecast
• General and administrative outsourcing market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading general and administrative outsourcing market vendors that include Accenture Plc, Aon plc, Automatic Data Processing Inc., Capgemini Service SAS, CGI Inc., Cognizant Technology Solutions Corp., Concentrix Corp., CPEhr Inc., ExlService Holdings Inc., Genesys Telecommunications Laboratories Inc., Genpact Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ISP GROUP, Kelly Services Inc., RKCO Group, Tata Consultancy Services Ltd., Wipro Ltd., and WNS Holdings Ltd.. Also, the general and administrative outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.