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The global bpo industriousness is estimated to be worth 120-150 billion dollars.
Bpo OR business process outsourcing refers to the rearrangement of full business functions to some other help providers.
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Is there a Business Process Outsourcing ( BPO ) market?
The domesticBUSINESS PROCESS OUTSOURCING (BPO)market shows promise of growth, especially insectorslike banking and finance as well as the telecomsectorin the short term. The industry currently offers a range of services from customer care to research and analytics.
Are there any industries that depend on BPOs?
BPOs have spawned many industries which depend on them like Catering, BPO training and recruitment, transport vendors, (for home pick up and drops for night shifts), Security agencies, Facilities management companies, etc. Some controversies have erupted around the industry. BPO employees are scornfully described as cyber coolies.
How big is the BPO industry in India?
The Business Process Outsourcing industry in India caters mostly to Western operations of multinational corporations. Annual revenues from BPOs are around $11 billion, around 1% of GDP. Outsourcing to India began in the early 1980s when many European airlines started using Delhi as a base for back office operations.
Last Update: Oct 2021
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