The analysts forecast the IT and BPO services market in India to grow at a CAGR of 7.63% during the period 2018-2022.
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IT and business process outsourcing (BPO) services help organizations in creating, managing, and optimizing information and business processes with business and technical expertise.
They also aid in managing IT systems and are process focused.
These services focus on providing a framework to structure IT-related activities.
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This report covers the present scenario and the growth prospects of the IT and BPO services market in India for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
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Key vendors: Accenture, HCL Technologies, IBM, Infosys
Market driver: Rising cost pressure to maintain in-house IT systems
Market Challenge: Lack of effective communication between client and vendor
Market trend: Increased adoption of application outsourcing
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?