Business Analytics BPO Services Industry Analysis in Korea worth US$ 745.0 Million by 2033 at a CAGR of 11.7% | FMI

Rising SME adoption of business analytics, fueled by a surge in startups. The growth is boosted by accessible, scalable, and agile cloud-based BPO services.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, November 23, 2023 /EINPresswire.com/ -- The business analytics BPO services industry analysis in Korea is poised for remarkable growth, with a projected (CAGR) of 11.7% according to a recent industry analysis. The sector is anticipated to reach a substantial industry value of US$ 745.0 million by the year 2033. This impressive growth can be attributed to the increasing demand for advanced analytics solutions and outsourcing services in the Korean business landscape.

As organizations seek to enhance their decision-making processes and gain a competitive edge, the adoption of business analytics BPO services has become crucial. The forecasted CAGR reflects the industry's resilience and its ability to adapt to the evolving needs of businesses in Korea, positioning itself as a significant player in the global analytics outsourcing industry.

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Organizations are emphasizing optimizing their business operations by leveraging the potential of enterprise data generated through cloud-based applications and social media networking. Effective utilization and transformation of the data will assist the enterprises in gaining more customers, improving industry shares, and leading to long-term productivity.

Business analytic services are implemented to help organizations reduce their operational cost, improve business operations, and make informed business decisions on the basis of trends generated after the analysis of discrete data.

The rise in outsourcing of analytic services has been observed in recent years as companies aim to focus on their core operations and optimize available resources. Outsourcing is forecast to increase in upcoming years as consolidation in business data is on the rise. The industry players are investing in hiring and training programs to cater to the rising demands.

Key Takeaways from the Business Analytics BPO Services Industry Analysis in Korea Report:

In 2023, based on the Industry, the Manufacturing segment is expected to dominate the market, with a share of 24.3%.

In 2023, based on the Enterprise Size, the Large Enterprise segment is expected to dominate the market, with a share of 53.6%.

The growth of business analytics Business Process Outsourcing (BPO) services in Korea is expected to demonstrate a Compound Annual Growth Rate (CAGR) of 11.7% until the year 2033.

"Our comprehensive analysis of the business analytics BPO services industry in Korea unveils a dynamic landscape marked by robust growth and technological advancements. The study underscores the industry's pivotal role in driving data-driven decision-making for businesses, emphasizing Korea's emergence as a key player in the global business analytics outsourcing industry." - says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Competitive Landscape

Leading Key Players:

Samsung SDS
LG CNS
KT Corp
NICE Information Service
SK C&C (SK Holdings C&C)
IBM Korea
NTT Data Korea
Hanwha Systems
Daou Tech Inc.
CJ OliveNetworks

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Business Analytics BPO Services Industry Analysis in Korea Segmentation:

By Services:

Data Analytics & Visualization Services
Risk Analytics Services
Marketing & Sales Analytics Services
Supply Chain Analytics Services
Financial Analytics Services
Others

By Enterprise Size:

Small and Medium Enterprises (SMEs)
Large Enterprises

By Industry:

BFSI
Manufacturing
Retail
IT & Telecom
Government
Healthcare
Travel & Hospitality
Others

By Region/City:

South Gyeongsang
North Jeolla
South Jeolla
Jeju

Authored By:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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Future Market Insights, Inc.
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