Business Analytics BPO Services Market By Services (Data Analytics & Visualization Services, Risk Analytics Services, Marketing & Sales Analytics Services), Enterprise Size (SMEs, Large Enterprises), Industry (BFSI, Manufacturing, Retail, IT & Teleco
The global valuation of business analytics BPO services market will total US$ 6.2 Bn for 2021, as per the latest Future Market Insights (FMI) study. The market is expected to reach US$ 22.9 Bn, growing at a CAGR of 13.9% between 2021 and 2031.
FMI’s newly released data on the business analytics BPO services demand outlook indicates a 12.6% y-o-y growth in 2021. While manufacturing sector is projected to remain the dominant end user, demand in the BFSI segment will grow at a higher pace of 17.6% CAGR over the assessment period.
However COVID-19 pandemic had a negative impact on the market with small business taking the hardest hit. They are switching towards business analytics to restore their business continuity and manage their marketing and finances in these unprecedented times. These factors are expected to drive the sales of business analytics post COVID.
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Key Takeaways
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Competitive Landscape
IBM Corporation, Accenture, Wipro Limited, Capgemini, and Infosys Limited, among others are the leading market players operating this market. FMI states that, they account for more than 60% share in global business analytics BPO services market.
Market players are looking to enter new various developing economies by forming an alliance with regional distributors. They are also focusing on collaborating with regional players to promote innovation and product development along with solidifying their global distribution network.
For instance,
Some of the leading companies operating in the business analytics BPO services market are:
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More Insights on the Global Business Analytics BPO services Market
Future Market Insights, in its new offering, provides an unbiased analysis of the business analytics BPO services market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the business analytics BPO services market with a detailed segmentation on the basis of
By Services:
By Enterprise Size:
By Industry:
By Region:
Key Questions Covered in the Report
About Future Market Insights, Inc. Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Aw
Jan 26, 2023