The Business Support Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/business-support-services-global-market-report
According to The Business Research Company’s Business Support Services Global Market Report 2024, The business support services market size has grown strongly in recent years. It will grow from $683.92 billion in 2023 to $747.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to globalization, outsourcing trends, market competition, entrepreneurial landscape.
The business support services market size is expected to see strong growth in the next few years. It will grow to $1052.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to remote work adoption, sustainability focus, data analytics and ai integration, regulatory and compliance changes, supply chain resilience. Major trends in the forecast period include digital transformation, cybersecurity concerns, technological advancements, customized business solutions, outsourcing growth.
An increase in the establishment of new businesses is expected to propel the growth of the business support services market. Business support services help newly established businesses by providing a range of services. For instance, according to data by the Bureau of the Census, an agency of the U.S. Federal Statistical System of the US Government, nearly 5.4 million new business applications were filed in 2021 in the US, increasing by 22.7% over the previous year from 4.4 million new business applications in 2020. Therefore, the increase in the establishment of new businesses is expected to drive the business support services market going forward.
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The business support services market covered in this report is segmented –
1) By Type: Document Preparation Services, Telephone Call Centers, Business Service Centers, Collection Agencies, Credit Bureaus, Other Business Support Services
2) By Organisation Size: Large Enterprise, Small and Medium Enterprise
3) By Mode: Online, Offline
Artificial intelligence is widely being used by business organizations in customer support activities as it considerably reduces operational costs. Artificial intelligence systems perform tasks that normally require human intelligence such as speech recognition, translation between languages, visual perception, and decision-making. This technology enables the handling of customer grievances and other interactions without human intervention, thereby increasing efficiency and reducing operational costs. It also helps manage support tickets in bulk and provides multi-language support and auto-responding to bulk emails. For instance, in July 2023, according to Adobe Inc., a US-based computer software company, top-performing enterprises displayed a significant preference for leveraging AI technology in marketing, with a utilization rate of 28%, compared to just 12% among their peers. Furthermore, nearly half (47%) of digitally mature organizations, characterized by advanced digital practices, have established well-defined AI strategies, highlighting the growing importance of artificial intelligence in contemporary business strategies.
The business support services market report table of contents includes:
- Executive Summary
- Business Support Services Market Characteristics
- Business Support Services Market Trends And Strategies
- Business Support Services Market - Macro Economic Scenario
- Global Business Support Services Market Size and Growth
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- Global Business Support Services Market Competitive Benchmarking
- Global Business Support Services Market Competitive Dashboard
- Key Mergers And Acquisitions In Business Support Services Market
- Business Support Services Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Apple Inc.
- S&P Global Inc.
- Teleperformance SE
- Sagiss Inc.
- Moody's Corporation
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A recent report published by TheBusinessResearchCompany on Business Support Services Market provides in-depth analysis of segments and sub-segments in the global as well as regional.Business Support Services Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Telephone call centers have shifted towards Omni channel communication from the traditional model.
Omni-channel communication is a synchronized operating model in which all of the company’s channels are aligned and present a single face to the customer, along with one consistent way of doing business.
This is the major trend witnessed in the global business support services market.TBRC clients can read more in the report “Business Support Services Global Market Report 2019” and Take a look at our year-end deals on Opportunities and Strategies Reports
The Business Research Company published its Business Support Services Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global business support services market.
The report covers the business support services market’s segments- document preparation services, telephone call centers, business service centers, collection agencies, credit bureaus, others - business support services.
View Complete Report: https://www.thebusinessresearchcompany.com/report/business-support-services-global-market-reportBusiness Support Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
