Cloud BPO Market 2025 by Services, Technology, Development, Regions and Industry Verticals | The Insight Partners
The cloud BPO market expected to grow from US$ 34,801.2 million in 2017 to US$ 94,522.7 million by 2025; it is estimated to grow at a CAGR of 22.1% from 2017 to 2025.
Reduction in operational cost & agility offered by the Cloud BPO is attributing to the growth of the market. The cost advantage offered by Cloud BPO is one of the key reasons, which impacts the choice of organizations with respect to traditional BPO services. It dramatically reduces the IT cost of the organization by providing support and maintenance of the software and hardware, and also effortlessly upgrades, updates and manage the processes, subsequently leading to curtailed cost of business services.
On the other side, a BPO itself is highly benefitted by the integration of cloud computing. The BPO service providers are capable of leveraging the benefits of cloud computing by dropping down the processing time for data-intensive business processes of the organizations, and offering data processing workflow at a compact turnaround time. The Cloud BPOs are also highly benefitted in terms of flexibility of conveniently adding novel functions and features to their systems and effectively attain the transforming client demands. The cloud platforms provides the BPOs with an agile and elastic alternative by eliminating the pressure of forthcoming competition in the market. Owing to these advantages provided by Cloud BPO, companies across all the industries are preferring to outsource their business processes to Cloud BPO services providers, subsequently fueling to the growth of Cloud BPO market globally.
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Cloud BPO Market: Strategic Insights
Cloud BPO Market
-
CAGR (2017 - 2025)
22.1%
-
Market Size 2017
US$ 34.8 Billion
-
Market Size 2025
US$ 94.52 Billion
Market Dynamics
GROWTH DRIVERS
- Rising investments by defense organizations
FUTURE TRENDS
- Enhanced AI-driven automation in BPO processes and real-time insights in cloud BPO services.
Growth in hybrid cloud models to ensure flexibility and data security.
OPPORTUNITIES
- Expanding in emerging markets with growing demands for cloud solutions,
- Growth in the number of SMEs seeking scalable BPO services;
- Development of customized cloud BPO solutions
- Migrating to Cloud BPO
- Development of lightweight and compact data recorders
Key Players
- Firstsource Solutions Ltd
- WNS Holdings Ltd
- Infosys Ltd
- HCL Technologies Ltd
- Genpact Ltd
- Capgemini SE
- CA Inc
- Atos SE
- Tata Consultancy Services Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Service
- Human Resource
- E-Commerce
- Finance and Accounting
- Customer Care
- Sales & Marketing
Vertical
- BFSI
- Telecom & IT
- Healthcare
- Automotive
- Manufacturing
- Food and Beverage
- Power & Energy
- Consumer Electronics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cloud BPO Market: Strategic Insights
-
CAGR (2017 - 2025)22.1% -
Market Size 2017
US$ 34.8 Billion -
Market Size 2025
US$ 94.52 Billion
Market Dynamics
- Rising investments by defense organizations
- Enhanced AI-driven automation in BPO processes and real-time insights in cloud BPO services. Growth in hybrid cloud models to ensure flexibility and data security.
- Expanding in emerging markets with growing demands for cloud solutions,
- Growth in the number of SMEs seeking scalable BPO services;
- Development of customized cloud BPO solutions
- Migrating to Cloud BPO
- Development of lightweight and compact data recorders
Key Players
- Firstsource Solutions Ltd
- WNS Holdings Ltd
- Infosys Ltd
- HCL Technologies Ltd
- Genpact Ltd
- Capgemini SE
- CA Inc
- Atos SE
- Tata Consultancy Services Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Human Resource
- E-Commerce
- Finance and Accounting
- Customer Care
- Sales & Marketing
- BFSI
- Telecom & IT
- Healthcare
- Automotive
- Manufacturing
- Food and Beverage
- Power & Energy
- Consumer Electronics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights–
Cloud BPO Market
Compulsion for enhancement of customer service
The customers in today’s highly competitive environment are well aware about their burgeoning power and value as they have encountered with the digital economy and attained access to various services worldwide. This has further raised their expectations with respect to cloud based services as organizations have become more aware about the benefits of Cloud BPO services. The cloud as a core platform has been already been leveraged by the clients as a novel external as well as internal initiative, which has subsequently increased the competition among the BPO service providers, further motivating them to adopt improvised technologies such as cloud based technologies to serve their customers/clients in a better way.
Services -Based Insights
Based on services, the cloud BPO market is segmented into human resource, e-commerce, finance and accounting, customer care, sales & marketing, others. The human resource segment held the largest market share in 2016.
Players operating in the cloud BPO market are mainly focused on the development of advanced and efficient products.
- In 2017, IBM and Dream Payments Expand Payment Services on the Cloud to U.S. Financial Institutions.
- In 2017, CMA CGM Group Signs Strategic Partnership with Infosys to Accelerate Transformation of its Information Systems.
Cloud BPO Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2017 | US$ 34.8 Billion |
Market Size by 2025 | US$ 94.52 Billion |
Global CAGR (2017 - 2025) | 22.1% |
Historical Data | 2015-2016 |
Forecast period | 2018-2025 |
Segments Covered |
By Service
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The cloud BPO market has been segmented as follows:
Cloud BPO Market – by Services
Cloud BPO Market – by Vertical
- BFSI
- Telecom & IT
- Healthcare
- Automotive
- Manufacturing
- Food and Beverage
- Power & Energy
- Consumer Electronics
- Others
Cloud BPO Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- U.K
Asia Pacific (APAC)
- Japan
- China
- Australia
- India
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
South America (SAM)
- Brazil
Cloud BPO Market – Company Profiles
- IBM Corporation
- Oracle Corporation
- SAP SE
- HPE
- Cognizant
- Infosys
- Accenture
- Tata Consultancy
- Sungard Financial System
- Wipro
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service , and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The Human Resource Outsourcing services offered by the Cloud BPOs facilitate the organizations approach the core HRO needs while synergizing business objectives with resource utilization.
Surging demand for Cloud BPO is aligned with the progression in global market for Robotic Process Automation (RPA). The RPA with other digital disruptors comprise of digital labor and advanced software automation has a potential to drive the new generation of Cloud BPOs facilities that offer virtual workforce.
North America region holds the largest market share in the cloud BPO market, owing to rising demand from the public sector, mid-size banking, healthcare sector and financial service organizations. The cloud based outsourcing industry in the region has recently witnessed multiple merger & acquisitions, partnerships and reconstruction which makes the market to grow efficiently in North America.
The List of companies
1. Firstsource Solutions Ltd.
2. WNS (Holdings) Ltd.
3. Infosys Ltd.
4. HCL Technologies Ltd.
5. Genpact Ltd.
6. Capgemini SE
7. CA Inc.
8. Atos SE
9. Tata Consultancy Services Ltd.
10. DXC Technology Company
11. Sungard
12. Accenture PLC
13. ADP LLC
14. IBM Corporation
15. Oracle Corporation
16. SAP SE
17. Xerox Corp.
18. HPE