Offshore BPO Services market to grow further

The study by Gartner makes one thing clear that the Offshore BPO services market is expected to drive $1.8 billion worth of business. The research also pointed that Offshore BPO revenue is poised to grow from under $1 billion last year to $1.2 billion in the current year, representing 66 per cent of the overall Offshore BPO Services market.

In fact the Offshore BPO Services market has grown at a breakneck speed, by as much as 70% annually. Over 1000 companies have opened their Offshore BPO Services in India, employing over one-lakh employees. Financial services companies including Abbey, Barclays, HSBC, Standard Chartered, as well as insurance giants like Allianz, Aviva and Prudential, and other firms like British Airways, British Telecom and Tesco in the services sector have equally Outsourced bulk of the jobs to India.

More and more Offshore BPO Services are being handled in India, and additional business is expected to come to India. Offshore BPO Services market is already doing good and is poised to do better in future.