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When it comes to businessprocessoutsourcing (BPO), the virtual assistant market is predicted to reach $3 billion by the year 2020. And it is no surprise that the number of home-based customer service agents is expected to grow at a compounded annual growth rate of 36.4%. 2) Agent Turnover.
The liberalization of the Indian economy, coupled with the Y2K boom, created a perfect storm for the growth of the BusinessProcessOutsourcing (BPO) industry. — CX Partner, Outsource Consultants The Rise of India’s BPO Industry The early 2000s saw exponential growth in India’s call center industry.
The offshore businessprocessoutsourcing industry is likely to be the hardest hit. Even before the global pandemic, Contact Center and BusinessProcessOutsourcers (BPOs) were facing new headwinds and competitive pressures. "I do expect cognitive and robotic automation projects to lead to some job loss.
As such, this call center model is best for companies who want to focus on both customer support (inbound services) and success (outbound services). Alternatively, companies who want to improve their servicelevels (inbound) while growing and expanding their client base (outbound) can benefit from a blended call center.
Between 2020 and 2021, cyberattacks increased by 68%. Create well-defined ServiceLevel Agreements (SLAs) with the outsourced IT team. You nix all of those costs from your budget without sacrificing any of the quality. And that number has only continued to grow.
At ROI CX Solutions, weve seen incredible outcomes as a result of effective call center outsourcing. Here are some real-world examples of tangible outsourced call center results : 99.7%
Outsourcing is back and also brand new again: on-shoring, near-shoring or off-shoring. The 2022 version of outsourcing, also known as businessprocessoutsourcing (BPO), has an array of benefits in the right situations and can be blended with any operation with an understanding of its calls, needs, processes, and tools.
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