Featuring Top 5 Vendors in the Global Business Process Outsourcing Market Report | Competitive Landscape and Key Product Offerings | Technavio
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NEW YORK, Feb. 26, 2021 /PRNewswire/ -- The global business process outsourcing market has the potential to grow by USD 76.9 billion during 2020-2024, according to the latest market research report by Technavio.
Business Process Outsourcing Market by End-user and Geography - Forecast and Analysis 2020-2024
Rising focus on reducing operational costs will be crucial in driving the growth of the global business process outsourcing market during the forecast period. Operations involving manufacturing goods and services, maintenance, and administration regularly incurs significant costs for companies. Hence, many organizations prefer to outsource their business processes and operations to reduce operational costs and improve their focus on core businesses. This has increased the demand for BPOs, which is driving the growth of the market.