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The BPO segment will experience growth in both the traditionally strong service lines
as well as new, opportunity areas. Here’s what the sector is expected to look like during
2004 and beyond:
- Customer care: customer care and support services will continue to
lead
in terms of revenue generation, staying ahead of the BPO pack with a turnover of around US$ 1.2 billion in 2003-04. The 2002-03 statistics of the segment stood at US$810 million.
- Finance: Financial services are expected to experience the hottest
growth, achieving revenues of US$820 million in 2003-04, up from US$510 million in 2002-03. No longer is it just entry-level work for Indian players in
this service line. Service providers are moving into value-added domains such as insurance claims processing equity research and financial management.
- HR services: HR services outsourcing will also become a bigger piece
of the overall BPO pie over the next year, offering a significant latent opportunity for the country’s industry players. Revenues are expected to touch US$70 million during 2003-04.
- Payment services: Yet another high growth area within BPO service
lines, payment services will generate revenues of around US$430 million for the 2003-04 period, up from US$210 million in 2002-03.
- Administration: Revenues from the administration services segment
are expected to go up to US$540 million during 2003-04, up from US$ 310 million in 2002-03. Administration continues to be a hot growth, highly competitive segment for Indian BPO companies.
- Content development: The content development services segment is
expected to keep pace with the other leading BPO revenue streams
by logging in a turnover of around US$520 million in 2003-04.
Content development services include engineering and design services,
digitization (GIS), animation, network management and biotech research.
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Moffatt & Nichol is an independent infrastructure advisor specialising
in ports and terminals, shipping More... |
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