The report forecasts the global BPO business analytics market to grow at a CAGR of 37.42% during the period 2016-2020.
Business analytics BPO services help organizations leverage data assets and improve their key profit and loss drivers such as reduced cost, increased revenue, optimized supply chain, improved return on investment (ROI), managed risk, and ensured regulatory compliance.
Businesses need a robust platform with the growing adoption of both big data and cloud computing technologies that deliver value at enterprise-scale levels. SaaS has led to the increased adoption of business analytics solutions. It has advantages over business analytics software and allows establishing synergy between the cloud and business analytics.
According to the report, globally, decision makers are under tremendous pressure to optimize their business operations, acquire new customers, and increase their market share, thereby driving long-term profitability. Business analytics is used for strategic decision making, enabling organizations to understand their customers, optimize operational cost, and improve business efficiency and competitiveness.
Further, the report states that privacy concerns and data security are major challenges in any organization as business data are critical.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Economic overview
PART 06: Market landscape
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/kwhz4n/global_bpo