Call Center Outsourcing Market Size to Record a CAGR of 3.96%, Rise of Emerging Countries as Call Center Destinations to Boost Market Growth – Technavio – QNT Press Release


NEW YORK, Aug. 25, 2022 /PRNewswire/ — The “Call Center Outsourcing Market by End User (IT and telecom, BFSI, Healthcare, Retail, and Others) and Geography (North America, EuropeAPAC, South Americaand MEA) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. The potential growth difference for the call center outsourcing market size between 2021 and 2026 is USD 21.72 bn. To get the exact CAGR and the YOY growth rate, Request a FREE PDF Sample Report

Key Market Dynamics
  • Market Driver: The rise of emerging countries as call center destinations is driving the growth of the market. Call center organizations have established operations in countries such as India and the Philippines due to low operating costs. However, they are facing challenges such as poor quality, high attrition rate, inflation in wage rate, and remote management complexity. Therefore, they are focusing on expanding their businesses in other countries to increase the diversity of skills, gain a competitive advantage, and expand their presence. Such factors are driving the market growth.
  • Market Challenge: The increasing cost of call center outsourcing services is challenging the growth of the call center outsourcing market. Call center outsourcing services help in lowering operating costs and increasing efficiencies. However, call center jobs can be monotonous and stressful, as the agents often handle high volumes of customer calls. In addition, third -party service providers are expected to use advanced technologies such as voice bots to finish jobs on time. However, investments in technology, process improvement, and infrastructure can increase the cost of BPO. Such rising costs will hinder the growth of the market in focus during the forecast period.

Technavio offers key drivers, trends, and challenges to help businesses to make confident decisions. View our FREE PDF Sample Report right now!

Market Segmentation

The call center outsourcing market report is segmented by end-user (IT and telecom, BFSI, healthcare, retail, and others) and geography (North America, EuropeAPAC, South Americaand MEA). North America will be the leading region with 38% of the market’s growth during the forecast period. The US and Canada are the key countries for the call center outsourcing market in North America.

View our FREE PDF Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Vendor Landscape

The call center outsourcing market is fragmentedand the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. The vendors among vendors will be moderate, with the entry of new vendors, technological innovations, and increasing adoption of advanced technologies such as competition and AI. Established industry participants are adopting the M&A strategy and entering into partnerships with other players to expand their product portfolio, enter emerging markets, and boost their market share. The growing focus of vendors on increasing their presence, the emergence of new call centers, and the presence of established players in the market will lead to moderate competition among vendors during the forecast period.

Some Companies Mentioned
  • 247.ai Inc.
  • Alorica Inc.
  • Atento SA
  • Bertelsmann SE and Co. KGaA
  • Computer Generated Solutions Inc.
  • Continuum Global Solutions LLC
  • Datacom Group Ltd.
  • Epicenter
  • Five9 Inc.
  • Hinduja Global Solutions Ltd.
  • Infosys Ltd
  • Serco Group Plc
  • Sitel Group
  • StarTek Inc.
  • Sutherland Global Services Inc.
  • Sykes Enterprises Inc.
  • Tata Consultancy Services Ltd.
  • TD SYNNEX Corp.
  • Teleperformance SE
  • Transcom Holding AB

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About the Author: News Center

Call Center Outsourcing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.96%

Market growth 2021-2025

USD 21.72 billion

Market structure

Fragmented

YoY growth (%)

3.0

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 38%