ReportsnReports.com adds Global BPO Business Analytics Market 2017-2021 latest research report; the analysts forecast global BPO Business Analytics industry to grow at a CAGR of 33.97% during the period 2017-2021.
Pune, Maharashtra -- (SBWIRE) -- 08/07/2017 -- According to the BPO Business Analytics market report, one of the major drivers for this market is Rising cost pressure to maintain in-house IT systems. Globalization has resulted in labor arbitrage, and this is shifting business processes to less expensive locations. Labor arbitrage is considered to be one of the prospective benefits of BPO and knowledge process outsourcing (KPO) processes. Firms that incorporate an outsourcing strategy need not invest in resources or worry about handling their limited available resources. Outsourcing of data analytics processes helps them gain access to skilled talent and advanced analytics technologies in another country while maintaining a lean workforce. Client firms can develop an economical cost structure as they need not pay for extra office space, hardware, equipment, or specialized talent. In addition, they require fewer investments for in-house staff training. Thus, outsourcing enables client firms to focus on their core competencies and obtain a competitive edge in the market.
Complete report on BPO Business Analytics market spread across 69 pages, analysing 20 major companies with table of content are now available at http://www.reportsnreports.com/reports/1150404-global-bpo-business-analytics-market-2017-2021.html
The following companies as the key players in the global BPO business analytics market: Accenture, Capgemini, Genpact, IBM, and TCS. Other prominent vendors in the market are: Aegis, BRIDGEi2i Analytics Solutions, Cognizant, EXL, Fujitsu, HCL Technologies, Hexaware Technologies, HPE, iGate, Infosys, NTT DATA, Sutherland Global Services, Tech Mahindra, Wipro, and WNS Global.
BPO business analytics market analyst says the latest trend gaining momentum in the market is Evolution of cloud-based BPO services. Cloud-based BPO services are agile and flexible IT services which are delivered over the Internet. BPO services are managed by cloud service provider or third-party services providers. Cloud-based BPO provides various advantages such as cost reduction, reliability, scalability, and agility. As a result, enterprises with businesses in several industry verticals, such as BFSI and healthcare, are expected to increasingly adopt this technology in view of the disruptive productivity improvement and business enablement. Vendors in the market, such as IBM and Wipro, are offering BPaaS solutions for analytical services. IBM BPaaS solution is a comprehensive framework that uses analytical and cloud computing technology to re-engineer business processes in organizations. BPaaS solution offered by IBM helps enterprises manage their several functions, such as finance, marketing, HR, and supply-chain management system, in an innovative way.
The BPO Business Analytics market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Global BPO Business Analytics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global BPO business analytics market for 2017-2021. To calculate the market size, the report considers the cloud computing services for BPO.
Further, the report states that one of the major factors hindering the growth of this market is rising threat from open-source software. Analytics firms enable enterprises to use business analytics functionality free of cost through a freemium version of business analytics software solutions. Open-source software can be downloaded from the Internet and can be used by enterprises to manage analytics function. The market has many open-source vendors that provide a range of business analytics tools and applications. Multiple products from various open-source vendors combined together can cover almost all the functionalities provided by on-premise or on-demand business analytics software vendors. Open-source vendors provide query, reporting, analysis, advanced analytics, and data warehouse generation platforms. This, in turn, will have a negative impact on the market as end-users might implement free versions of business analytics software.
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key industry trends?
What is driving this market?
What are the challenges to industry growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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