(EMAILWIRE.COM, April 16, 2023 ) As per Maximize Market research, the Business Process Outsourcing Market was USD 169.763 Bn in 2021 and is expected to grow at a CAGR of 7.09 percent over the forecast period to reach USD 293.650 Bn by 2029.

Business Process Outsourcing Market Report Scope and Research Methodology

The report includes an in-depth region-wise and segment-wise analysis of the Business Process Outsourcing Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference.

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Business Process Outsourcing Market Dynamics

The Business Process Outsourcing Market is driven by the increasing investment in smart cities, rising focus on improvements in efficiency and organization agility by enterprises and increasing preference for cloud technology.

Business Process Outsourcing Market Regional Insights

In 2021, North America dominated the Business Process Outsourcing Market with the largest market share of 49.5 percent and is expected to grow at a CAGR of 7.36 percent over the forecast period.

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Business Process Outsourcing Market Segmentation

By Service
Voice Processing
Telemarketing Services
Customer Care Services

By Outsourcing Type
Offsource
Nearshore
Onshore

By Application
Sales & Marketing
Procurement & Supply Chain
Facilities & Administrations
Customer Care
Training

By Organization Size
Large Enterprises
SMEs

By Ownership
Captive
Third-Party

By End-User
BFSI
IT & Telecom
Healthcare
Manufacturing
Retail & E-Commerce
Government & Defense
Transportation & Logistics
Travel & Hospitality
Education
Energy & Utilities
Others

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Business Process Outsourcing Market Key Competitors include:

ADP, LLC.
Conduent Inc.,
Wipro Ltd.
Amdocs
NCR Corporation
Sodexo
Genpact
Concentrix
Teleperformance
Plaxonic Technologies
EXL Service
Avaloq
Nihon
Oracle

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

IT Outsourcing Market- The market size is expected to reach USD 474.14 Bn by 2029 at a CAGR of 4.52 percent during the forecast period.

Business Process Management Market- The Market size is expected to reach USD 21.61 Bn by 2029 at a CAGR of 10.5 percent during the forecast period.

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