Albany, NY -- (SBWIRE) -- 09/20/2017 -- Business analytics outsourcing is the process of subcontracting the data and analytics functions of an organization to a BPO or third-party vendor that has expertise in the required domain. BPO business analytics services manage analytics related to business processes in organizations so that enterprises can focus on their core competencies and business processes.
Business analytics has made it easier for IT managers to determine the cost of an in-house procurement and the installation of IT solutions such as operational and supply chain analytics. A firm that invests a huge amount to procure standardized business analytics software solutions might witness an increase in its maintenance and upgrade costs over time. However, this is not the case with business analytics outsourcing. Therefore, organizations are not considering high investments in their in-house IT solutions.
The global BPO business analytics market to grow at a CAGR of 33.97 % during the period 2017-2021. 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.
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The market is divided into the following segments based on geography:
Technavio's report, 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.
Other prominent vendors
- BRIDGEi2i Analytics Solutions
- HCL Technologies
- Hexaware Technologies
- NTT DATA
- Sutherland Global Services
- Tech Mahindra
- WNS Global
- Rising cost pressure to maintain in-house IT systems
- For a full, detailed list, view our report
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 market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
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