DUBLIN, Oct. 20, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global BPO Market in Manufacturing Segment 2014-2018" report to their offering.
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BPO is a segment of outsourcing, which consists of subcontracting the business processes of an organization to a third-party vendor that has expertise in required domains. It is an effective strategy of delegating one or more business activities to external companies (vendors), which, in turn, administer and manage the selected activity, based on defined and measurable performance criteria.
It helps client firms to increase their operational efficiency, concentrate on their core competencies, reduce time to market, obtain access to fresh talent and experience along with latest technologies, and build an organization with an economical cost structure in the long run. Both Discrete and Process Manufacturing industries are expected to invest in the BPO sector during the forecast period.
The analysts forecast the Global BPO market of Manufacturing Segment to grow at a CAGR of 4.22 percent over the period 2013-2018.
The Global BPO market of Manufacturing Segment can be segmented into three divisions: HR Outsourcing, F&A Outsourcing and CRM Outsourcing. This report provides information about the market share of the Global BPO market of Manufacturing Segment by application. The report also provides information about the end-user segmentation of the Global BPO market of Manufacturing Segment.
The report, the Global BPO Market of Manufacturing Segment 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the Global BPO market of Manufacturing Segment landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the emerging trends in the market is the increase in the role of cloud-based outsourcing among manufacturing companies. Many clients are adopting this technology because they get instant access to applications they need and there are other associated advantages such as cost reduction, reliability, scalability, and agility.
According to the report, one of the major factors driving the growth in this market is the cost-effectiveness of outsourcing certain capital- and labor-intensive operations. Firms are increasingly outsourcing back-office functions that require more infrastructure, capital investment, and HR.
Further, the report states that one of the most important of these is the high attrition rate. BPO jobs are mainly taken up on a temporary or part-time basis, so the employee turnover rate is very high in this market. The time and money spent on employee training is lost by BPO companies because of this high attrition rate.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Five Forces Analysis
08. Market Segmentation by Application
09. Geographical Segmentation
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challengess
14. Impact of Drivers and Challenges
15. Market Trendss
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
Companies Mentioned:
- Capgemini
- Infosys
- Wipro
- HCL Technologies
- Accenture
- Aditya Birla Minacs
- Tech Mahindra
- Serco Group
- Iqor
- WNS
- 3i Infotech
For more information visit http://www.researchandmarkets.com/research/bc5bvp/global_bpo_market
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
