Albany, NY -- (SBWIRE) -- 08/11/2016 -- The cloud is set to revolutionize the way BPO service providers extend their offerings and help organizations reap benefits by outsourcing their business processes. For instance, applications can be made available over the network on-demand, with the cloud operating like any other utility service (turning an application on/off on-demand). This eliminates the need to invest in IT infrastructure, resulting in significant cost reduction. These benefits become evident, particularly, for organizations with legacy systems that require high maintenance and upgrades. Such organizations can reap substantial benefits by moving to the cloud and outsourcing their business processes.

Technavios analysts forecast the cloud-based BPO market in APAC to grow at a CAGR of 14.27% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the cloud-based BPO market in APAC for 2016-2020. To calculate the market size, the report considers the revenue generated from cloud-based BPO services in APAC.

The market is divided into the following segments based on geographical segmentation by revenue:
Americas
APAC
EMEA

Technavio's report, Cloud-Based BPO Market in APAC 2016-2020, 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.

Key vendors
Accenture
Cognizant Technology Solutions
IBM
Infosys
TCS

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Other prominent vendors
ADP
Advance Payroll Services
Aegis
AntWorks
Atos
Avaloq Sourcing Asia Pacific
CA Technologies
CSC
Capgemini
Dell
EXL
Firstsource
Fujitsu
Genpact
HCL Technologies
Hexaware
HP
i-Admin
Infosys
ITC Infotech
NGA Human Resources
Oracle
Orange Business Services
Pay Asia
Sungard
Sutherland Global services
Teletech
Tiger Consulting
Wipro
WNS
Xerox

Market driver
Increased need for cost-effective business processes
For a full, detailed list, view our report

Market challenge
Data security and privacy concerns
For a full, detailed list, view our report

Market trend
Growing popularity of data analytics
For a full, detailed list, view our report

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