Market Snapshot:
Business process outsourcing is a business practice in which an organization contracts with an external service provider to perform an essential business function or task.Businesses in every industry can now outsource non-core processes while applying more resources to core business functions.Cloud computing in the BPO industry is offering several benefits in the management of business processes of companies, which includes the optimization and automation Cloud computing is a model that helps businesses get a virtual platform for computational services Cloud computing encompasses providing various internet-based services such as email, content streaming, data storage, and access to tools and applications.
Highlights from Cloud Based BPO- Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Players profiled in the report are CGI Group, Inc (Canada), Capita plc (United Kingdom), WNS (Holdings) Ltd.(United Kingdom), Accenture (Ireland), Capgemini SE (France), Cognizant Technology Solutions (United States), Xerox Corporation (United States), HCL Technologies Limited (India) and Tata Consultancy Services Ltd (India). Additionally, other players that are part of this comprehensive study are Genpact Ltd (United States), IBM Corporation (United States), Oracle Corporation (United States), HPE (Texas) and Atos SE.(France).
Geographic Breakdown and Segment Analysis
The Global Cloud Based BPO- market presents a comprehensive analysis of the Cloud Based BPO- market by end-user/application (BFSI, Telecom & IT, Healthcare, Automotive, Manufacturing, Food And Beverage, Power & Energy, Consumer Electronics and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Cloud Based BPO- industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Cloud Based BPO- market
Analyst at AMA have segmented the market study of Global Cloud Based BPO- market by Type, Application and Region.
Influencing Trend:
Rise in Analytics-Based Services and Growth in Hybrid Cloud BPO Solutions
Market Growth Drivers:
Demand for Robust IT Infrastructure and growing demand for skilled manpower from developing countries
Challenges:
Staffing shortages and hiring difficulty and Changing regulations and compliance burdens
Restraints:
Leaks in data security and confidentiality
Opportunities:
Demand for extensive experience in focus areas such as robotic process automation and BPO industry's continued growth, services have continually evolved to rise to the needs and demands of enterprises
The Global Cloud The cloud-based BPO market in APAC is in its nascent stage, and we expect the market to grow significantly over the forecast period. APAC continues to be a lucrative high-growth and profitable market with many underdeveloped and untapped regions
Key Target Audience
Service Providers, End Users and Others