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Business Process Outsourcing (BPO) Services Market Size, Share, and Analysis, By Service Type (Finance & Accounting, Human Resource, KPO, Procurement & Supply Chain, Customer Services, Others), By Operating Model (Traditional [On Premises], Business Process-as-a-Service [BPaaS] [Cloud-Based]), By Organization Size (Large Enterprises, SMEs), By End Use Industry (BFSI, Healthcare, Manufacturing, IT & Telecommunications, Retail, Others) and Regional Forecasts, 2022-2032

November 2023 | 397 pages | ID: B196549AF03EEN
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Business Process Outsourcing (BPO) Services Market Size, Share, and Analysis, By Service Type (Finance & Accounting, Human Resource, KPO, Procurement & Supply Chain, Customer Services, Others), By Operating Model (Traditional [On Premises], Business Process-as-a-Service [BPaaS] [Cloud-Based]), By Organization Size (Large Enterprises, SMEs), By End Use Industry (BFSI, Healthcare, Manufacturing, IT & Telecommunications, Retail, Others) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Business Process Outsourcing (BPO) Services Market size was USD 253.89 billion in 2021 and projected t%li%grow from USD 303.5 billion in 2023 t%li%USD 687.0 billion by 2032, exhibiting a CAGR of 9.5% during the forecast period.

Business Process Outsourcing is a practice in which a company contracts with external service provider t%li%accomplish some essential business tasks. A company usually contracts with other business for these services after it has recognized a process that is actually important for operations, but is not an element of main value proposition. Sturdy business process management and a thorough understanding of organizational processes are necessary for this level.

MARKET HIGHLIGHTS

Business Process Outsourcing (BPO) Services Market is expected t%li%reach USD 687.0 billion, growing at a CAGR of 9.5% during the forecast period owing t%li%the emergence of novel technologies like Artificial Intelligence and Cloud Computing and heavy investments in these technologies for cost-efficient office infrastructure and space. Moreover, small and medium businesses are increasingly using virtual systems and storage t%li%overcome hardware costs, software, and data centres, and increased mobility. These factors are expected t%li%boost the growth of Business Process Outsourcing (BPO) Services Market over the forecast period.

Business Process Outsourcing (BPO) Services Market Segments:
  • Service Type
  • Finance & Accounting
  • Human Resource
  • KPO
  • Procurement & Supply Chain
  • Customer Services
  • Others
  • Operating Model
  • Traditional (On Premise)
  • Business Process-as-a-Service (Cloud-Based)
  • Organization Size
  • Large Enterprises
  • SMEs
  • End Use Industry
  • BFSI
  • Healthcare
  • Manufacturing
  • IT & Telecommunications
  • Retail
  • Others
MARKET DYNAMICS

Growth Drivers

Rising Competitiveness among Businesses and Growing Small Scale Organizations are Expected t%li%Boost the Market Growth

Benefits of Innovations and Technological Advancements are Expected t%li%Boost the Market Growth

Restraint

Data Security and Lack of Skilled Experts t%li%Restrain the Market Growth

Key Players
  • Accenture
  • Tata Consultancy Services Limited
  • Cognizant
  • Capgemini
  • Wipro
  • HCL Technologies Limited
  • Tech Mahindra Limited
  • Genpact
  • TTEC
  • ADP Inc.
  • Infosys Limited (Infosys BPM)
  • Amdocs
  • Helpware
  • SunTec Web Services Pvt. Ltd.
  • Invensis Technologies Pvt. Ltd.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3. Business Process Outsourcing (BPO) Services Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Business Process Outsourcing (BPO) Services Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. MARKET ANALYSIS

8.1. Porters Five Forces
8.2. PEST Analysis
  8.2.1. Political
  8.2.2.Economic
  8.2.3.Social
  8.2.4.Technological

9. BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET

9.1. Overview
9.2.Historical Analysis (2016-2021)
  9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

10. BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET SIZE & FORECAST 2022A-2032F

10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
  10.3.1. By Service Type
    10.3.1.1.Finance & Accounting
      10.3.1.1.1.By Value (USD Million) 2022-2032F
      10.3.1.1.2. Market Share (%) 2022-2032F
      10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
    10.3.1.2. Human Resource
      10.3.1.2.1. By Value (USD Million) 2022-2032F
      10.3.1.2.2.Market Share (%) 2022-2032F
      10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
    10.3.1.3. KPO
      10.3.1.3.1. By Value (USD Million) 2022-2032F
      10.3.1.3.2.Market Share (%) 2022-2032F
      10.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
    10.3.1.4. Procurement & Supply Chain
      10.3.1.4.1.By Value (USD Million) 2022-2032F
      10.3.1.4.2. Market Share (%) 2022-2032F
      10.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
    10.3.1.5. Customer Services
      10.3.1.5.1. By Value (USD Million) 2022-2032F
      10.3.1.5.2.Market Share (%) 2022-2032F
      10.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
    10.3.1.6. Others
      10.3.1.6.1. By Value (USD Million) 2022-2032F
      10.3.1.6.2.Market Share (%) 2022-2032F
      10.3.1.6.3.Y-o-Y Growth (%) 2022-2032F
  10.3.2.By Operating Model
    10.3.2.1. Traditional (On Premise)
      10.3.2.1.1. By Value (USD Million) 2022-2032F
      10.3.2.1.2.Market Share (%) 2022-2032F
      10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
    10.3.2.2.Business Process-as-a-Service (Cloud-Based)
      10.3.2.2.1.By Value (USD Million) 2022-2032F
      10.3.2.2.2. Market Share (%) 2022-2032F
      10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
  10.3.3.By Organization Size
    10.3.3.1. Large Enterprises
      10.3.3.1.1. By Value (USD Million) 2022-2032F
      10.3.3.1.2.Market Share (%) 2022-2032F
      10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.2.SMEs
      10.3.3.2.1.By Value (USD Million) 2022-2032F
      10.3.3.2.2. Market Share (%) 2022-2032F
      10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
  10.3.4.By End Use Industry
    10.3.4.1. BFSI
      10.3.4.1.1.By Value (USD Million) 2022-2032F
      10.3.4.1.2. Market Share (%) 2022-2032F
      10.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
    10.3.4.2.Healthcare
      10.3.4.2.1. By Value (USD Million) 2022-2032F
      10.3.4.2.2.Market Share (%) 2022-2032F
      10.3.4.2.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.3.Manufacturing
      10.3.4.3.1. By Value (USD Million) 2022-2032F
      10.3.4.3.2.Market Share (%) 2022-2032F
      10.3.4.3.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.4. IT & Telecommunications
      10.3.4.4.1. By Value (USD Million) 2022-2032F
      10.3.4.4.2.Market Share (%) 2022-2032F
      10.3.4.4.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.5.Retail
      10.3.4.5.1. By Value (USD Million) 2022-2032F
      10.3.4.5.2.Market Share (%) 2022-2032F
      10.3.4.5.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.6.Others
      10.3.4.6.1. By Value (USD Million) 2022-2032F
      10.3.4.6.2.Market Share (%) 2022-2032F
      10.3.4.6.3.Y-o-Y Growth (%) 2022-2032F

11.NORTH AMERICA BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET SIZE & FORECAST 2022A-2032F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Service Type
  11.3.2. By Operating Model
  11.3.3. By Organization Size
  11.3.4. By End Use Industry
11.4.Country
  11.4.1. United States
  11.4.2.Canada

12. EUROPE BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET SIZE & FORECAST 2022A-2032F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Service Type
  12.3.2.By Operating Model
  12.3.3.By Organization Size
  12.3.4.By End Use Industry
12.4. Country
  12.4.1.Germany
  12.4.2. United Kingdom
  12.4.3. France
  12.4.4. Italy
  12.4.5. Spain
  12.4.6. Russia
  12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

13. ASIA BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET SIZE & FORECAST 2022A-2032F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Service Type
  13.3.2.By Operating Model
  13.3.3.By Organization Size
  13.3.4.By End Use Industry
13.4. Country
  13.4.1.India
  13.4.2. China
  13.4.3. South Korea
  13.4.4. Japan
  13.4.5. Rest of APAC

14. MIDDLE EAST AND AFRICA BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET SIZE & FORECAST 2022A-2032F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Service Type
  14.3.2.By Operating Model
  14.3.3.By Organization Size
  14.3.4. By End Use Industry
14.4. Country
  14.4.1.Israel
  14.4.2. GCC
  14.4.3. North Africa
  14.4.4. South Africa
  14.4.5. Rest of Middle East and Africa

15. LATIN AMERICA BUSINESS PROCESS OUTSOURCING (BPO) SERVICES MARKET SIZE & FORECAST 2022A-2032F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Service Type
  15.3.2.By Operating Model
  15.3.3.By Organization Size
  15.3.4.By End Use Industry
15.4. Country
  15.4.1.Mexico
  15.4.2. Brazil
  15.4.3. Rest of Latin America

16. COMPETITIVE LANDSCAPE

16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders

17. COMPANY PROFILES

17.1.Accenture
  17.1.1.Company Overview
  17.1.2. Financial Overview
  17.1.3. Key Product; Analysis
  17.1.4.Company Assessment
    17.1.4.1.Product Portfolio
    17.1.4.2. Key Clients
    17.1.4.3. Market Share
    17.1.4.4. Recent News & Development (Last 3 Yrs.)
    17.1.4.5. Executive Team
17.2. Tata Consultancy Services Limited
17.3. Cognizant
17.4. Capgemini
17.5. Wipro
17.6. HCL Technologies Limited
17.7. Tech Mahindra Limited
17.8. Genpact
17.9. TTEC
17.10. ADP Inc.
17.11.Infosys Limited (Infosys BPM)
17.12. Amdocs
17.13. Helpware
17.14. SunTec Web Services Pvt. Ltd.
17.15. Invensis Technologies Pvt. Ltd.
17.16. Other Prominent Players

18. APPENDIX

19. CONSULTANT RECOMMENDATION



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