Dublin–(Business Wire)–Global Outsourcing Services Market – Forecast 2022 to 2027 report added to ResearchAndMarkets.com’s supply.
The global outsourcing services market was valued at USD 620.381 billion in 2020 and is expected to grow at a CAGR of 5.54% during the forecast period, reaching a total market size of USD 904.948 billion by 2027.
The growing adoption of virtualization across organizations has made cost-effective outsourcing services popular. Outsourcing works best when it turns out to be a product of redesign. Redesign means rebuilding complete business processes.
Outsourcing can of course become an integral part of redesign, as a process of finding the best-suited supplier to perform a given task with maximum efficiency and quality. Restructured companies will gain a competitive advantage because they have planned and established processes that perform best in terms of cost, quality, and customer satisfaction.
Key market players in the global outsourcing services market include Accenture, Tata Consultancy Services Ltd, Capgemini, IBM, Genpact, and Concentrix Corporation, among others. These companies have commanded a significant share in the market due to their strong brand image and product offerings.
The key players of the global Outsourcing Services market along with their relative competitive positions and strategies are covered. The report also mentions recent deals and investments by various market players over the past two years.
Impact of the COVID-19 Pandemic
The COVID-19 pandemic has caused a global economic slowdown. Most major industries reported lower demand and profits as governments imposed lockdown protocols.
However, demand from the outsourced service industry has increased. The impact of the pandemic has driven the need for standardized platform services that help BPOs handle complex enterprise procedures, opening up new market opportunities.
Moreover, as governments around the world started easing lockdown protocols, most major industries reported a resumption of processes, which is expected to further boost the market demand.
Key topics covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research methodology
2.1. Research data
3. Executive Summary
3.1. Research highlights
4. Market Dynamics
4.1. Market drivers
4.2. Market constraints
4.3. Market Opportunities
4.4. Porter’s Five Forces Analysis
4.5. Industry Value Chain Analysis
5. Global Outsourcing Services Market Analysis, by Type
5.2. IT outsourcing
5.3. Business Process Outsourcing
6. Global Outsourcing Service Market Analysis, by Enterprise Size
7. Global Outsourcing Services Market Analysis, by Geography
7.2. North America
7.2.1. United States
7.3. South America
7.4.1. Great Britain
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. United Arab Emirates
7.6. Asia Pacific
7.6.4. South Korea
8. Competitive environment and analysis
8.1. Key Players and Strategy Analysis
8.2. Emerging Players and Market Profits
8.3. Mergers, Acquisitions, Agreements and Partnerships
8.4. Supplier Competitiveness Matrix
9. Company Profile
9.1. Accenture Corporation
9.2. Tata Consultancy Services Limited
9.4. Vipro Limited
9.5. HCL Technology Co., Ltd.
9.6. Capgemini SE
9.7. IBM Corporation
9.8. Infosys Limited
9.9. DXC Technology Corporation
9.10. NTT Data Corporation
9.12. Tongxin Company
9.13. Remote Performance SE
9.14. ExlService Holding Company
For more information on this report, please visit https://www.researchandmarkets.com/r/8fwj0r