How big is the Outsourcing Services Market?

The Outsourcing Services Market size is expected to reach USD 1.02 trillion in 2024 and grow at a CAGR of 6.40% to reach USD 1.39 trillion by 2029. Read More

What is the current Outsourcing Services Market size?

In 2024, the Outsourcing Services Market size is expected to reach USD 1.02 trillion. Read More

Who are the key players in Outsourcing Services Market?

Accenture PLC, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation and HCL Technologies Ltd are the major companies operating in the Outsourcing Services Market. Read More

Which is the fastest growing region in Outsourcing Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Outsourcing Services Market?

In 2024, the North America accounts for the largest market share in Outsourcing Services Market. Read More

What years does this Outsourcing Services Market cover, and what was the market size in 2023?

In 2023, the Outsourcing Services Market size was estimated at USD 0.95 trillion. The report covers the Outsourcing Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Outsourcing Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Outsourcing Services Market Size & Share Analysis - Industry Research Report

Outsourcing Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Outsourcing Services Market Report is Segmented by Service Type (Business Process Outsourcing, Information Technology Outsourcing, Human Resource Outsourcing, Knowledge Process Outsourcing, and Other Service Types) and by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Abovementioned Segments.

Outsourcing Services Industry Overview

The outsourcing services market is semi-consolidated with an array of services from various vendors. Major vendors include Accenture, TATA Consultancy Services Limited, Capgemini, Cognizant, and HCL Technologies Limited. Market players are enhancing their portfolios and seeking long-term competitive advantages through strategic partnerships and innovative product offerings.

In March 2024, Celegence Holdings LLC strategically invested in Soterius Inc., a key player in outsourced services, collaboration technologies, and data assets within the drug safety and medical affairs domain. This investment, a part of Soterius' Series A financing, has forged a partnership that capitalizes on the strengths of both Celegence and Soterius. By leveraging the expertise of their teams, this collaboration aims to broaden their reach and fuel mutual growth.

In January 2024, Varanium Cloud Limited, a digital technology company, is establishing its second office and business process outsourcing (BPO) center in Sawantwadi, Maharashtra. The BPO center would specialize in services such as data accounting, background verification, and debt recovery.