Global middleoffice BPO services market to hit USD400bn by 2022

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The global middleoffice business process outsourcing (BPO) services market is forecast to surpass USD400bn by 2022, growing at a CAGR of 10% from 2017. According to a report released by Persistence Market Research, the growth of the market will be driven by robust expansion of data, demand from internal as well as external stakeholders, increased profit pressures, and compliance requirements. Asia-Pacific excluding Japan will continue to be the fastest expanding market for middleoffice BPO services. Revenues from this market sector are estimated to exceed USD60bn by 2022 year end.