Global BPO Business Analytics Market to Reach USD 154.2 Billion by 2033, Impelled by Considerable Increase in Data Generation

December 27, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "BPO Business Analytics Market Report by Offering (Software, Services), Deployment Type (Cloud-based, On-premises), Application (Finance & Accounting, Human Resources, Knowledge Process Outsourcing, Procurement & Supply Chain, Customer Services, and Others), Vertical (BFSI, IT and Telecommunication, Healthcare, Manufacturing, Retail, Transportation and Logistics, and Others), and Region 2025-2033," the global BPO business analytics market reached a value of USD 32.8 Billion in 2024. Business process outsourcing (BPO) refers to the businesses that provide various outsourcing services to a firm for back- and front-office functions. BPO business analytics includes collecting and analyzing customer data to assist in developing strategic decisions, comprehending potential customers and optimizing operational costs while streamlining business processes. As a result, business analytics in BPO aids in managing a large volume and complexity of data sets and minimizing the recruitment costs. Besides this, it also helps in automating numerous tasks, analyzing historical data to gain new insights and providing real-time assistance to customers.

Global BPO Business Analytics Market Trends:

The global market is primarily driven by a considerable increase in data generation across BPOs. Moreover, continual technological advancements and the rising integration of cloud-based solutions with BPO services are creating a positive outlook for the market. Additionally, the rapid outbreak of coronavirus disease (COVID-19) has escalated the demand for business analytics across the healthcare sector for effectively managing the steadily increasing generation of healthcare data, which is positively influencing the market growth. Furthermore, rapid digitization across the globe has encouraged numerous businesses to heavily invest in the deployment of analytical services, thereby providing a boost to the market growth. Apart from this, continuous improvements in the information technology (IT) infrastructure and the penetration of high-speed internet connectivity across the globe are acting as major growth-inducing factors. Other factors, including the increasing popularity of mobile applications and social media among the masses, continuous innovations in analytical services and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of USD 154.2 Billion by 2033, growing at a CAGR of 17.83% during 2025-2033.

Market Summary:

On the basis of the offering, the market has been bifurcated into software and services.
Based on the deployment type, the market has been segmented into cloud-based and on-premises.
On the basis of the application, the market has been categorized into finance and accounting, human resources, knowledge process outsourcing, procurement and supply chain, customer services and others.
Based on the vertical, the market has been classified into BFSI, IT and telecommunication, healthcare, manufacturing, retail, transportation and logistics and others.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players include Accenture PLC, Capgemini SE, Cognizant Technology Solutions, Exlservice Holdings Inc., Genpact Limited, International Business Machines Corporation, Infosys Limited, Mu Sigma Inc., NTT DATA Corporation (Nippon Telegraph and Telephone), TATA Consultancy Services Limited (Tata Sons Private Limited), Tech Mahindra Limited (Mahindra Group), Wipro Limited and WNS Global Services.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Offering, Deployment Type, Application, Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Accenture PLC, Capgemini SE, Cognizant Technology Solutions, Exlservice Holdings Inc., Genpact Limited, International Business Machines Corporation, Infosys Limited, Mu Sigma Inc., NTT DATA Corporation (Nippon Telegraph and Telephone), TATA Consultancy Services Limited (Tata Sons Private Limited), Tech Mahindra Limited (Mahindra Group), Wipro Limited and WNS Global Services
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global BPO Business Analytics Market to Reach USD 154.2 Billion by 2033, Impelled by Considerable Increase in Data Generation

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