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Global CRM Outsourcing Market by End-User and Region - Forecast to 2023: A $10.66 Billion Opportunity - ResearchAndMarkets.com

November 6, 2018

DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Global CRM Outsourcing Market - by End User, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.

The global CRM outsourcing market was USD 7.63 billion in 2017 and is estimated to reach USD 10.66 billion by 2023 at a CAGR of 5.74% during the forecast period.

Increase in the cost of in-house customer support was the key-driving factor for outsourcing the CRM activities. However, costumer-agent cultural differences, higher training costs associated with the CRM outsourcing, inhibiting characteristic of CRM services were some of the factors that hampered the growth of the global CRM outsourcing market.

Asia Pacific remained the fastest growing geographical region in terms of market share and revenue for CRM outsourcing market. Philippines and India are the most prominent call center destinations, though offshore destinations are becoming broader including regions such as Eastern Europe and Latin America.

Industry Trends and Updates

June 2017 U.K. based Lloyds banking group has signed an outsourcing agreement worth $1.6 billion with IBM. Through this deal, 2000 staff will be outsourced to IBM, due to which Lloyds will save $938 million in costs, make IT more active and modernize the business. Companies ProfiledAccentureCapgemini SECognizantFractal Analytics Inc.Genpact Ltd.GramenerHCL TechnologiesIBM CorporationInfosysMu Sigma Inc.Opera Solutions LLCWipro Ltd.WNS Global Services Private Limitedand more...

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global CRM Outsourcing Market Segmentation, Forecasts and Trends - by End-User

6. Global CRM Outsourcing Market Segmentation, Forecasts and Trends - by Region

7. Company Market Share Analysis

8. Company Profiles

9. Industry Structure

10. Global CRM Outsourcing Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/pq527f/global_crm?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005395/en/

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Related Topics:CRM (Customer Relationship Management)

KEYWORD: ASIA PACIFIC

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES HUMAN RESOURCES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/06/2018 05:37 AM/DISC: 11/06/2018 05:37 AM

http://www.businesswire.com/news/home/20181106005395/en

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