Global BPO Business Analytics Market Growth (Status and Outlook) 2023-2029

Global BPO Business Analytics Market Growth (Status and Outlook) 2023-2029

BPO (business process outsourcing) is to outsource a special business process to a third-party service provider. BPO (business process outsourcing) provides a series of flexible services and options for redesigning, managing and running specific business functions. In the past, business process outsourcing was considered as a way to reduce labor costs by transferring it operations to low-cost markets. Modern BPOs look for the most appropriate infrastructure and skills from all over the world to design, build and run processes to help optimize the strategic results that enterprises want to achieve for their customers. BPO was originally related to manufacturing, but now it is adopted by other industries such as finance.

The adoption of systems such as ERP, CRM, SCM, and SFA by enterprises and the industrial Internet revolution have led to the generation of large volumes of data. Moreover, with the increased adoption of big data, the use of business analytics has also surged with a greater need to understand data. Data analytics tools and technologies help derive powerful insights and make efficient use of big data. This helps organizations make strategic decisions based on actionable insights for their business activities.
LPI (LP Information)' newest research report, the “BPO Business Analytics Industry Forecast” looks at past sales and reviews total world BPO Business Analytics sales in 2022, providing a comprehensive analysis by region and market sector of projected BPO Business Analytics sales for 2023 through 2029. With BPO Business Analytics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world BPO Business Analytics industry.
This Insight Report provides a comprehensive analysis of the global BPO Business Analytics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on BPO Business Analytics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global BPO Business Analytics market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for BPO Business Analytics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global BPO Business Analytics.
The global BPO Business Analytics market size is projected to grow from US$ 27790 million in 2022 to US$ 71810 million in 2029; it is expected to grow at a CAGR of 14.5% from 2023 to 2029.
The major players in global BPO Business Analytics market include Accenture, Cognizant, Genpact, IBM, etc. The top 4 players occupy about 50% shares of the global market. North America and Europe are main markets, they occupy about 70% of the global market. HR is the main type, with a share about 20%. BFSI is the main application, which holds a share about 25%.
This report presents a comprehensive overview, market shares, and growth opportunities of BPO Business Analytics market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
HR
procurement
Sales & Marketing
Logistics
Training
Product Engineering
F & A
Customer Care
Segmentation by application
BFSI
Manufacturing
Healthcare
Retail
Telecom
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Accenture
Cognizant
Genpact
IBM
TCS
Tech Mahindra
Capgemini
Wipro
EXL
NTT DATA(Dell)
WNS Global
Concentrix
Infosys
Mu Sigma
StarTe
95TELEWEB INFORMATION
CDG
CPI Data Services
Huatuo
Sunyard System Engineering
transcosmos inc.
BEYONDSOFT

Please note: The report will take approximately 2 business days to prepare and deliver.