About Global BPO Market in Public Sector
BPO is a segment of outsourcing, which consists of subcontracting certain business processes of an organization to a third-party vendor that has expertise in the required domain. The Public sector refers to government services such as the military, police, public education, public transit, healthcare services as well as employees working for government organizations. The BPO services in Public sector support governments to perform various functions such as e-governance initiatives, taxation, asset registration, pensions, and welfare programs, including financial assistance for the unemployed, and in a cost-effective manner.
TechNavio's analysts forecast the Global BPO market in Public sector is set to grow at a CAGR of 6.0 percent over the period 2014-2019
Covered in this Report
The Global BPO market in Public Sector can be categorized into four segments: F&A Outsourcing, CRM BPO, HR Outsourcing, and Procurement Outsourcing. This report covers information about the market share of the Global BPO market in Public sector by services and by geography.
TechNavio's report, Global BPO Market in Public Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the market landscape of the Global BPO market in Public sector and its growth prospects in the coming years. The report also includes the profiles of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global BPO Market in the Public Sector 2015-2019
Technavio recognizes the following companies as the key players in the Global BPO Market in the Public Sector: Accenture plc, Capgemini Corp., IBM Corp., Serco Global Services, TCS Ltd., Unisys Corp. and Wipro Ltd.
Other Prominent Vendors in the market are: 3i infotech, Aegis, Amadeus IT Group, Aon, ATS Group, CGI, Cognizant, Convergys, Corbus, EXL, Genpact, Harris Corporation, Hays, HCL Technologies, Hudson, Infosys, Kelly, Kenexa, Logica, NCO Financial Systems, Neeyamo, Northrop Grumman, Pinstripe and Ochre House, Pontoon Solutions, Steria, Sutherland, TDS, WNS and Xerox.
Commenting on the report, an analyst from Technavio’s team said: “One of the major trends upcoming in this market is the shift to omni-channel to increase the accessibility of end-consumers and to strengthen customer relationships. The omni-channel helps governments to synchronize and store detailed information about customers which eventually leads to easy tracking of complaints and customer queries.”
According to the report, the Global BPO market in the Public sector is witnessing high growth because of the increased collaboration of IT services in the BPO sector. IT has facilitated the automation of various activity segments such as procurement, orders to pay, invoicing, accounts receivable, payroll outsourcing, and many others. Automation is increasingly being adopted to mitigate productivity problems and to control rising costs.
Further, the report states that one of the major challenges for the Public sector organizations is the need to spend cautiously because of market dynamics and the need to withstand budgetary pressures. These factors have forced government agencies to revise their outsourcing budgets, which eventually reduces contract sizes and number of contracts.
Accenture , Capgemini , IBM, Serco Global Services, TCS, Unisys, Wipro , 3i Infotech, Aegis, Amadeus IT Group , Aon, ATS Group, CG, Cognizant, Convergys , Corbus, EXL, Genpact, Harris, Hays , HCL Technologies , Hudson, Infosys, Kelly, Kenexa, Logica, NCOFinancial Systems , Neeyamo, Northrop Grumman , Pinstripe and Ochre House, Pontoon Solutions, Steria, Sutherland , TDS, WNS, Xerox