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Key Projections on Future of MDM BPO Market for Forecast Period 2017-2026
- North America and Europe are anticipated to remain the most lucrative regions for expansion of the MDM BPO market. Revenues from the markets in these two regions are projected to account for roughly equal shares of the market by 2026-end. The market in Asia-pacific excluding Japan is projected to exhibit the fastest expansion through 2026. In contrast, the market in Middle East & Africa is projected to reflect the slowest expansion through 2026.
- On the basis of data type, customer centric MDM will continue to be the leading revenue contributor to the global MDM BPO market. Revenues from enterprise centric MDM will also remain high, and are projected to account for roughly one-third market share by 2026-end.
- HR is expected to retain its position of being the leading function of MDM BPO, followed by finance and accounting. Revenues from these two MDM BPO functions will hold more than half share of the market by 2026-end.
- On the basis of industry, the largest revenue share of the market will continue to be accounted by manufacturing, followed by BFSI. Revenues from the provision of MDM BPO services to these two industries are collectively forecast to surpass US$ 4,500 Mn by 2026-end.
- In 2017, large enterprise spearheaded the global MDM BPO market. However, small & medium enterprises are expected to outgrow large enterprises in the market by 2026-end.
North America and Europe to Remain Most Profitable Regions for the Market Growth
With rapid growth in technological advancements and high adoption of IoT across various organizations in developed regions such as North America and Europe, huge amount of data is generated. This further calls for effective MDM creating demand for MDM BPOs in these regions. North America and Europe are expected to remain the most profitable regions for growth of the MDM BPO market. Asia-Pacific excluding Japan (APEJ) has become a key region for outsourcing various processes and operations. APEJ will also account for a major portion of the market revenue share by 2026-end.
Customer centric MDM is anticipated to remain the leading data type segment, with revenues projected to account for approximately half share of the market by 2026-end. Following customer centric MDM will be enterprise centric MDM, with revenues poised to hold over one-third share of the market during the forecast period.
Competition Tracking
Key players actively contributing to growth of the global MDM BPO market include TCS, Orchestra Networks, Talend, Riversand Technologies, Inc., Magnitude Software, Infosys Limited, Cap Gemini, Genpact, SAP, TIBCO Software, IBM Corporation, Oracle Corporation, and Informatica.
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