Business Process Outsourcing Market Size, Share, and Trends 2024 to 2034

The global business process outsourcing market size is accounted at USD 347.95 billion in 2025 and is forecasted to hit around USD 840.60 billion by 2034, representing a CAGR of 10.30% from 2025 to 2034. The North America market size was estimated at USD 113.57 billion in 2024 and is expanding at a CAGR of 10.31% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1599
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Business Process Outsourcing Market 

5.1. COVID-19 Landscape: Business Process Outsourcing Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

 

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Business Process Outsourcing Market, By Service Type

8.1. Business Process Outsourcing Market, by Service Type

8.1.1. Finance and Accounting

8.1.1.1. Market Revenue and Forecast

8.1.2. Human Resource

8.1.2.1. Market Revenue and Forecast

8.1.3. KPO

8.1.3.1. Market Revenue and Forecast

8.1.4. Procurement

8.1.4.1. Market Revenue and Forecast

8.1.5. Customer Services

8.1.5.1. Market Revenue and Forecast

8.1.6. Others

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Business Process Outsourcing Market, By End Use

9.1. Business Process Outsourcing Market, by End Use

9.1.1. BFSI

9.1.1.1. Market Revenue and Forecast

9.1.2. Healthcare

9.1.2.1. Market Revenue and Forecast

9.1.3. Manufacturing

9.1.3.1. Market Revenue and Forecast

9.1.4. IT and Telecommunications

9.1.4.1. Market Revenue and Forecast

9.1.5. Retail

9.1.5.1. Market Revenue and Forecast

9.1.6. Others

9.1.6.1. Market Revenue and Forecast

Chapter 10. Global Business Process Outsourcing Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Service Type

10.1.2. Market Revenue and Forecast, by End Use

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Service Type

10.1.3.2. Market Revenue and Forecast, by End Use

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Service Type

10.1.4.2. Market Revenue and Forecast, by End Use

10.2. Europe

10.2.1. Market Revenue and Forecast, by Service Type

10.2.2. Market Revenue and Forecast, by End Use

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Service Type

10.2.3.2. Market Revenue and Forecast, by End Use

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Service Type

10.2.4.2. Market Revenue and Forecast, by End Use

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Service Type

10.2.5.2. Market Revenue and Forecast, by End Use

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Service Type

10.2.6.2. Market Revenue and Forecast, by End Use

10.3. APAC

10.3.1. Market Revenue and Forecast, by Service Type

10.3.2. Market Revenue and Forecast, by End Use

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Service Type

10.3.3.2. Market Revenue and Forecast, by End Use

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Service Type

10.3.4.2. Market Revenue and Forecast, by End Use

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Service Type

10.3.5.2. Market Revenue and Forecast, by End Use

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Service Type

10.3.6.2. Market Revenue and Forecast, by End Use

10.4. MEA

10.4.1. Market Revenue and Forecast, by Service Type

10.4.2. Market Revenue and Forecast, by End Use

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Service Type

10.4.3.2. Market Revenue and Forecast, by End Use

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Service Type

10.4.4.2. Market Revenue and Forecast, by End Use

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Service Type

10.4.5.2. Market Revenue and Forecast, by End Use

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Service Type

10.4.6.2. Market Revenue and Forecast, by End Use

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Service Type

10.5.2. Market Revenue and Forecast, by End Use

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Service Type

10.5.3.2. Market Revenue and Forecast, by End Use

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Service Type

10.5.4.2. Market Revenue and Forecast, by End Use

Chapter 11. Company Profiles

11.1. Tech Mahindra Limited

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. HCL Technologies Limited

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Tata Consultancy Services Limited

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. IBM Corporation

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Wipro Limited

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. NCR Corporation

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Infosys Limited

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Invensis Technologies Pvt. Ltd

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Unity Communications

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Plaxonic Technologies

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

According to Precedence Research, the global business process outsourcing market size was valued at USD 347.95 billion in 2024 and is anticipated to rake around USD 840.60 billion by 2034.

The global disposable gloves market will register growth rate of 10.30% between 2025 and 2034.

The major players operating in the business process outsourcing market are Tech Mahindra Limited, HCL Technologies Limited, Tata Consultancy Services Limited, IBM Corporation, Wipro Limited, NCR Corporation, Infosys Limited, Invensis Technologies Pvt. Ltd, Unity Communications, and Plaxonic Technologies.

The business process outsourcing market is possible to benefit from businesses’ increased attention on enhancing company agility in order to withstand the continuously changing business dynamics, as well as approaches to increase efficiency while lowering operational costs and focusing on core capabilities.

The North America region will lead the business process outsourcing market and is estimated to sustain its dominance during the forecast period.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client