Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global BPO Business Analytics Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " BPO Business Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Fore cast 2022-2027

," the global BPO business analytics market reached a value of US$ 18.6 Billion in 2021.

Business process outsourcing (BPO) refers to the businesses that provide various outsourcing services to a firm for back- and front-office functions. BPO business analytics includes collecting and analyzing customer data to assist in developing strategic decisions, comprehending potential customers and optimizing operational costs while streamlining business processes. As a result, business analytics in BPO aids in managing a large volume and complexity of data sets and minimizing the recruitment costs. Besides this, it also helps in automating numerous tasks, analyzing historical data to gain new insights and providing real-time assistance to customers.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global BPO Business Analytics Market Trends:

The global market is primarily driven by a considerable increase in data generation across BPOs. Moreover, continual technological advancements and the rising integration of cloud-based solutions with BPO services are creating a positive outlook for the market. Additionally, the rapid outbreak of coronavirus disease (COVID-19) has escalated the demand for business analytics across the healthcare sector for effectively managing the steadily increasing generation of healthcare data, which is positively influencing the market growth. Furthermore, rapid digitization across the globe has encouraged numerous businesses to heavily invest in the deployment of analytical services, thereby providing a boost to the market growth. Apart from this, continuous improvements in the information technology (IT) infrastructure and the penetration of high-speed internet connectivity across the globe are acting as major growth-inducing factors. Other factors, including the increasing popularity of mobile applications and social media among the masses, continuous innovations in analytical services and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.

On account of the aforementioned factors,? the market is anticipated to reach a value of US$ 63.9 Billion by 2027, growing at a CAGR of 21.06% during 2022-2027.

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