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Business Process Outsourcing Market to grow at a CAGR of 7.09 percent to reach USD 293.650 Bn by 2029

(IT-NEWSWIRE.COM, April 16, 2023 ) As per Maximize Market research, the Business Process Outsourcing Market was USD 169.763 Bn in 2021 and is expected to grow at a CAGR of 7.09 percent over the forecast period to reach USD 293.650 Bn by 2029.

Business Process Outsourcing Market Report Scope and Research Methodology

The report includes an in-depth region-wise and segment-wise analysis of the Business Process Outsourcing Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference.

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Business Process Outsourcing Market Dynamics

The Business Process Outsourcing Market is driven by the increasing investment in smart cities, rising focus on improvements in efficiency and organization agility by enterprises and increasing preference for cloud technology.

Business Process Outsourcing Market Regional Insights

In 2021, North America dominated the Business Process Outsourcing Market with the largest market share of 49.5 percent and is expected to grow at a CAGR of 7.36 percent over the forecast period.

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Business Process Outsourcing Market Segmentation

By Service

Voice Processing

Telemarketing Services

Customer Care Services

By Outsourcing Type




By Application

Sales & Marketing

Procurement & Supply Chain

Facilities & Administrations

Customer Care


By Organization Size

Large Enterprises


By Ownership



By End-User


IT & Telecom



Retail & E-Commerce

Government & Defense

Transportation & Logistics

Travel & Hospitality


Energy & Utilities


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Business Process Outsourcing Market Key Competitors include:


Conduent Inc.,

Wipro Ltd.


NCR Corporation





Plaxonic Technologies

EXL Service




Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

IT Outsourcing Market- The market size is expected to reach USD 474.14 Bn by 2029 at a CAGR of 4.52 percent during the forecast period.

Business Process Management Market- The Market size is expected to reach USD 21.61 Bn by 2029 at a CAGR of 10.5 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.


Dnyaneshwari Yevale

+91 9607365656

Source: EmailWire.Com


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