BPO Business Analytics Market Size to Grow by $ 18.88 bn through 2021-2025
Technavio research projects the BPO Business Analytics market to grow by $ 18.88 bn, accelerating at a CAGR of about 15.69% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
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BPO Business Analytics Market: Key Market Driver
One of the primary factors that will trigger the growth of the BPO Business Analytics market size is the generation of high volume of data. Growth by the BFSI segment will be significant during the forecast period. The generation of huge volumes of transactional data in the BFSI segment is fueling the demand for data analytics. In addition, the increased need for regulatory compliance and transparency is propelling the demand for data analytics in the BFSI sector.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
BPO Business Analytics Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Capgemini SE, Cognizant Technology Solutions Corp., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Infosys Ltd., International Business Machines Corp., Tata Consultancy Services Ltd., and Wipro Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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