North America Customer Care BPO Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Solution (Onshore Outsourcing, Offshore Outsourcing, and Nearshore Outsourcing) and End User (BFSI, IT and Telecommunication, Retail and E-Commerce, Manufacturing, Healthcare and Pharmaceutical, Transport and Logistics, Media and Communication, Automotive, and Others)
The North America customer care BPO market is expected to grow from US$ 8,275.80 million in 2023 to US$ 12,003.48 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2023 to 2028.
Huge Cost Benefits Conferred by Outsourcing Customer Care Services in North America Customer Care BPO MarketThe BPO sector has flourished with profit businesses, nonprofit organizations, and government bodies outsourcing a range of tasks to service providers. Customer care BPO solutions confer cost benefits to customers in several ways. For instance, in training or recruiting cos, the outsourcing does not require staff training as it involves hiring third-party service providers who already have skilled workforces; this reduces training or recruiting costs. Similarly, in Infrastructure savings, companies outsourcing their processes do not need to spend extra money on infrastructure or on adding new equipment to their facilities. A BPO service provider or independent contractor has all the supplies and equipment needed to get the job done. Thus, lower cost of operations is the biggest advantage associated with outsourcing. As outsourcing service providers are specialized in the services they offer, they can often accomplish the tasks at much lower costs than non-specialists. Thus, outsourcing is an excellent way, particularly, for businesses with limited resources to reduce their overhead costs. Thus, huge cost benefits conferred by outsourcing customer care jobs bolster the customer care BPOs market growth.
North America Customer Care BPO Market OverviewThe North American region includes the US, Canada, and Mexico. The availability of efficient infrastructure in developed nations, such as the US and Canada, has enabled manufacturing companies to explore the limits of science, technology, and commerce. The US possesses modern technology, a high standard of living, well-developed infrastructure, and many other aspects of being a developed nation. Across North America, technological advancements have led to a highly competitive market. Globalization has further increased business competitiveness across most sectors in developed and developing nations. It has led businesses to focus on customer experience management to retain existing customers and convert first-time users to repeat customers. With increasing customer demand for high-quality products and services, organizations are increasingly adopting customer care BPO services. It enables them to enhance the overall business processes while meeting the customers' demands in the best possible way.
North America Customer Care BPO market Revenue and Forecast to 2028 (US$ Million)
North America Customer Care BPO market SegmentationThe North America customer care BPO market is segmented on the basis of solution, end user, and country. On the basis of solution, the North America customer care BPO market is segmented into nearshore outsourcing, onshore outsourcing, and offshore outsourcing. The onshore outsourcing segment registered the largest market share in 2023.
Based on end user, the North America customer care BPO market is further segmented into oil & gas, IT & telecom, power & utility, and others. The IT & telecom segment registered the largest market share in 2023.
Based on country, the North America customer care BPO market is segmented into US, Canada, and Mexico. US dominated the market share in 2023.
Alorica Inc, Comdata SpA, Concentrix Corp, Foundever Operating Corp, Front Logix Solutions LLC, Teleperformance SE, Telus International Cda Inc, TTEC Holdings Inc, and Webhelp Inc are the leading companies operating in the North America customer care BPO market.
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