MarketResearchNest.com
adds “Global BPO Business Analytics
Market Growth (Status and Outlook) 2019-2024”new report to its research
database.
Decision makers worldwide are under tremendous pressure to
optimize their business operations, acquire new customers, and increase their
market share, thereby driving long-term profitability. Business analytics is
used for strategic decision making, enabling organizations to understand their
customers, optimize operational cost, and improve business efficiency and
competitiveness. The demand for regulatory compliance and transparency is high
across sectors such as BFSI and healthcare. Enterprises in these sectors need
to comply with regulatory norms such as Basel III and Solvency II. Business
analytics outsourcing helps enterprises addresses such compliance requirements
by increasing their transparency.
The adoption of systems such as ERP, CRM, SCM, and SFA by
enterprises and the industrial Internet revolution have led to the generation
of large volumes of data. Moreover, with the increased adoption of big data,
the use of business analytics has also surged with a greater need to understand
data. Data analytics tools and technologies help derive powerful insights and
make efficient use of big data. This helps organizations make strategic
decisions based on actionable insights for their business activities.
Global BPO business analytics industry is highly fragmented,
industry vendors are mostly in the India and USA. The market is extremely
competitive with vendors competing to gain a greater market share. Players in
the market are constantly looking for ways to increase their market share
through mergers and acquisitions and partnerships. They are also focusing on
differentiating themselves by offering mobile-enabled business analytics
solutions, predictive analytics, and cloud-based business analytics services.
Among them, Accenture is the world leading player in the global BPO business
analytics market with the market share of 17.5% in 2015, in terms of revenue.
The BFSI end user segment led the market during 2015,
accounting for a market share of more than 23.97%. BFSI organizations worldwide
are reaping benefits of business analytics to enhance business productivity and
gain competitive advantage. The generation of large volumes of transactional
data in this segment is driving the demand for business analytics. Moreover,
the growing need to comply with regulatory norms and make them more transparent
has propelled the demand for analytics in the BFSI sector.
According to this study, over the next five years the BPO
Business Analytics market will register a 14.3% CAGR in terms of revenue, the
global market size will reach US$ 36900 million by 2024, from US$ 16500 million
in 2019. In particular, this report presents the global revenue market share of
key companies in BPO Business Analytics business, shared in Chapter 3.
This report presents a comprehensive overview, market shares
and growth opportunities of BPO Business Analytics market by product type,
application, key companies and key regions.
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This study considers
the BPO Business Analytics value and volume generated from the sales of the
following segments:
Segmentation by
product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to
2024 in section 10.7.
·
HR
·
Procurement
·
Customer
Care
·
Logistics
·
Sales and
Marketing
·
Training
·
Product
Engineering
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 10.8.
·
BFSI
·
Manufacturing
·
Healthcare
·
Retail
·
Telecom
·
Others
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel,
Turkey, GCC Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
Accenture
·
Cognizant
·
Genpact
·
IBM
·
TCS
·
HP
·
Tech Mahindra
·
Capgemini
·
Wipro
·
EXL
·
NTT DATA(Dell)
·
WNS Global
·
Minacs
·
Infosys
·
Mu Sigma
·
Aegis
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key players and the market as a whole. It also analyzes key emerging trends and
their impact on present and future development.
Research objectives
·
To study and analyze the global BPO Business
Analytics market size by key regions/countries, product type and application.
·
To understand the structure of BPO Business
Analytics market by identifying its various subsegments.
·
Focuses on the key global BPO Business Analytics
players, to define, describe and analyze the value, market share, market
competition landscape, SWOT analysis and development plans in next few years.
·
To analyze the BPO Business Analytics with
respect to individual growth trends, future prospects, and their contribution
to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the size of BPO Business Analytics
submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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