Global IT and BPO Services Market Growth (Status and Outlook) 2023-2029

Global IT and BPO Services Market Growth (Status and Outlook) 2023-2029

Business process outsourcing (BPO) is defined as a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Often the business processes are information technology-based, and are referred to as ITES-BPO, where ITES stands for Information Technology Enabled Service.

LPI (LP Information)' newest research report, the “IT and BPO Services Industry Forecast” looks at past sales and reviews total world IT and BPO Services sales in 2022, providing a comprehensive analysis by region and market sector of projected IT and BPO Services sales for 2023 through 2029. With IT and BPO Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IT and BPO Services industry.

This Insight Report provides a comprehensive analysis of the global IT and BPO Services 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 IT and BPO Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT and BPO Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT and BPO Services 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 IT and BPO Services.

The global IT and BPO Services market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

IT and business process outsourcing (BPO) Services help organizations in creating, managing, and optimizing information and business processes with business and technical expertise. They also aid in managing IT systems and are process focused. These Services focus on providing a framework to structure IT-related activities.

This report presents a comprehensive overview, market shares, and growth opportunities of IT and BPO Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
IT Services
BPO Services

Segmentation by application
BFSI
Retail and Consumer Goods
Telecom
Healthcare
Manufacturing
Government and Defense
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.
Capgemini
CSC
IBM
TCS
Wipro
Accenture
HCL Technologies
Infosys

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