BPO services expected to grow by 5.2%
The forecast for the global software and BPO services market grew to US$ 2498. 71 billion in 2021 from $2376. 31 billion last year, resulting in a compound annual growth rate (CAGR) of 5.2%.
The software and BPO services market is predicted to reach $3837.1 billion in 2025 with an 11% CAGR.
This is according to market research website ResearchAndMarkets.com’s recently-released “Software and BPO Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030″ report.
The report further revealed that the increase is mainly due to the operational shift – such as remote work and hybrid work arrangements– and the recovery of different companies from the COVID-19 pandemic.
Related news
- BPO Office Stock To Dry Up In 2020 · 17 Jul 2019
- Philippines Rated World’s Third Best Country For Investment · 16 Jul 2019
- Open Access BPO Opens New Office, Upgrades Website · 16 Jul 2019
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
