Supply chain management BPO to reach $73.3Bn by 2033
DELAWARE, UNITED STATES — The supply chain management (SCM) business process outsourcing (BPO) market is forecasted to grow at a 9.7% compound annual growth rate (CAGR), potentially reaching $73.3 billion by 2033.
According to a new report by Future Market Insights, the rising demand for efficient supply chain operations is fueling growth in the market.
“One of the key difficulties facing the sector is data security when outsourcing SCM. The market is ripe with potential due to the use of cloud-based BPO for SCM,” added Future Market Insights Managing Director and Co-founder Sudip Saha.
Supply chain management BPO provides outsourced solutions for inventory tracking, transportation optimization, demand forecasting, and sustainability.
The United States is predicted to dominate market share, growing at an 8.7% CAGR to $14.4 billion by 2033.
High growth markets include China at 12.8% CAGR, potentially reaching $8.5 billion by 2033, along with India, Brazil, and Germany at over 9-12% annual growth rates each.
China, India, Brazil, and Germany are also expected to see up to 12% annual growth amid rapid digital solutions adoption.
Key drivers include cost savings and improved efficiency. The shift towards holistic end-to-end solutions, sustainability, and advanced technologies like AI and blockchain also present significant opportunities, according to the report.
Leading BPO providers include Accenture, Infosys, Tata Consultancy Services (TCS), Genpact, Wipro, GEP, HCL Technologies, Teleperformance, Onprocess Technology, Inc., and IBM Corporation. Strategic partnerships between BPOs, tech vendors, and cybersecurity firms help optimize market reach and innovation.
