Business Process Outsourcing: A Guide to BPO Types, Market Trends, & More

More and more businesses are entrusting critical office activities to their business process outsourcing (BPO) partners, allowing them to concentrate on their company’s growth objectives.
Companies of all kinds, from startups to large organizations, are realizing the benefits of outsourcing both front- and back-office activities. Because of its beneficial nature, the BPO industry keeps growing, from CAGR estimates of 3.53% this 2021 to 4% moving forward.
Today, BPO has branched out to almost every industry or business, offering different services that include knowledge process outsourcing (KPO), legal process outsourcing (LPO), and research process outsourcing (RPO).
This demonstrates how far the industry has progressed, with manufacturing firms being early adopters.
Manufacturers used BPO to employ third-party providers with the resources to assist them get their products to market faster and for less money.
BPO currently serves practically every industry and organization, providing services such as knowledge process outsourcing (KPO), legal process outsourcing (LPO), and research process outsourcing (RPO).
The BPO model can be critical to a company’s growth, including yours. Our infographic will teach you more about BPO types, trends, and best practices.

Infographic Source: https://optibpo.com/blog/business-process-outsourcing-a-guide-to-bpo-types-market-trends-more/