The Software And BPO Services Market To Introduce New Technologies

The Business Research Company’s Software And BPO Services global market report, covers the year-on-year growth of the global Software And BPO Services market historic and forecast growth. It also...

The Business Research Company’s Software And BPO Services global market report, covers the year-on-year growth of the global Software And BPO Services market historic and forecast growth. It also includes chapters on the Software And BPO Services market trends, geographical analysis, and competitive landscape.

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The global software and BPO services market size is expected to reach $1.2 trillion by 2022, significantly growing at a CAGR of around 10% during the forecast period.

Software And BPO Services Market Trends

The software and BPO services market consists of sales of software and BPO services by entities (organizations, sole traders and partnerships) that provide software and BPO services including application software programming services, computer program (software) development, computer software support services and web design services. This market includes sales of related goods.

Many BPO companies are automating processes through Robotic Process Automation (RPA).RPA automates processes that are repetitive, rule-based and frequent. RPAs are considered to be cost effective as they normally cost one-tenth of a Full Time Equivalent (FTE) person working in the US, UK or a third of the cost of an FTE working offshore. For instance, a major bank automated Fraudulent Account Closure, Loan Application Opening and Right of Set Off processes that saved over 120 FTE and reduced bad debt provision by £175m per annum.

The global Software And BPO Services market is primarily driven by rise in disposable income, growing population, increase in economic growth and expanded smart cities.

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The global Software And BPO Services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With increase in technological development and high valuations on technology companies, the global Software And BPO Services market is expected to increase in potential and scope. TBRC’s report also covers the Software And BPO Services drivers and restraints in the market.

The global Software And BPO Services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global Software And BPO Services market report are IBM, Fujitsu, HPE, SAP, and Accenture.

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