Global Business Analytics BPO Services Market to be Driven Due to Rising Volumes of Enterprise Data Globally

MarketResearchReports.biz has recently added a market study covering a holistic overview of the global market for business analytics BPO services market between 2017 and 2027. The report, titled “Business Analytics BPO Services Market: Global Industry Analysis and Opportunity Assessment 2017-2027,” states that the vast rise in volumes of enterprise data is key to the increased adoption of business analytics BPO services across a number of industries.

The market is also driven by the notable rise in cloud-based deployment of a variety of digital processes and applications, digital advancement across business infrastructures, and the rising demand for customer analytics tools to better understand consumer preferences and trends. However, the need for additional expenditure for the proper implementation of business analytics tools, maintenance of IT infrastructure, and training resources could restrict the adoption of business analytics BPO services across small- and medium-sized enterprises in the next few years. This factor could hamper the growth prospects of the market to a certain extent.

The report segments the global business analytics BPO services market based on deployment type, offering, end-use, application area and geography. Based on the type of offering, the market has been segmented into services and software. On the basis of deployment, the market is segmented into cloud and on-premise. Based on end-use, the report segments the business analytics BPO services market into large enterprises and small and medium enterprises. On the basis of application area, the market is segmented into BFSI, healthcare, manufacturing, consumer goods, media and entertainment, retail, and IT and telecommunication.

Geographically, the report examines the business analytics BPO services market for regions such as Latin America, North America, Western Europe, Eastern Europe, Asia Pacific, and Middle East and Africa. Presently, the markets in North America and Western Europe dominate the global market, thanks to the rising demand for business analytics outsourcing services across regions such as healthcare, retail, telecom, and BFSI.

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The Asia Pacific market is also highly lucrative and is likely to present promising growth opportunities over the report’s forecast period. The promising pace of rise of industrialization, increase in number of start-ups, and rising demand for consumer analytics from the retail sector are the key factors expected to drive the regional market in the near future.

The report also gives an exhaustive account of the competitive landscape of the global business analytics BPO services market. Along with an analytical account of the impact of recent developments on the overall market, the report also includes an overview of business profiles of some of the leading companies operating in the field. Leading companies in the market include Accenture PLC, EXL Service, Tata Consultancy Services (TCS), Cognizant Technology Solutions Corp, International Business Machines (IBM) Corporation, and Genpact ltd.