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India is now the worlds favored market for BPO companies, among other competitors, such as, Australia, China, Philippines and Ireland. The BPO boom in India is credited to cheap labor costs and Indias huge talent pool of skilled, English-speaking professionals.
Revenue in the Business Process Outsourcing market is projected to docHub US$7.12bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.96%, resulting in a market volume of US$10.41bn by 2028.
The wages of Indian candidates have also increased as the industry has grown. The call center services in India are ready to provide handsome salaries to the candidates willing to join the BPO workforce. Therefore, it is safer to say that, BPO services will witness the massive growth in 2023 without a doubt.
Top BPO Service Providers in India Genpact. Infosys BPM. Wipro. TCS Consultancy. Sun Tech India. Flat World. First source solutions. Hinduja Global Solutions (HGS)