There is still a strong demand for Business Process Outsourcing (BPO) in the market. BPO analyst,
Nelson Hall said, BPO market is predicted to reach $450 billion (£231.1
billion) by 2012 in response, in part, to difficult global economic condition.
It said the economic climate
would rush globalization that brings the organization, not just only using
offshore outsourcing to reduce cost base, but also develop it to hasten entry
to increasing growth market. This strategy is exactly obvious in the financial
services and telecommunication sectors as well.
The BPO market continued to
mature in terms of supplier capability, usually around the accounting, sales
and administration lines of business. The increased supply-side maturity was
also harmonized by growth in total value of BPO deals awarded across all major
geographic regions during 2007.
It is also stated that customer
management services, payment and other specific
industry financial sector services trends, as well as recruitment process
outsourcing will directly be benefited.
Therefore, the increased demand
of BPO in Asia and Latin America, where global
organizations are increasingly focusing on establishing themselves for growth, is
the key factor why BPO still emerges in all business sectors, in spite of the
economic global crisis.
