What is Business Process Outsourcing (BPO) and How Does it Function?
Business Process Outsourcing Around the world, companies are constantly searching for smarter ways to cut costs, streamline operations, and stay competitive. One of the most impactful strategies they’ve embraced is Business Process Outsourcing (BPO) . According to research, the global BPO market is expected to reach US$525.23 billion by 2030 , growing at an impressive 9.4% CAGR . This growth reflects how outsourcing has evolved from being just a cost-cutting measure into a strategic business model that helps organizations access advanced technologies, skilled global talent, and sharper focus on their core strengths. What is Business Process Outsourcing (BPO)? Simply put, BPO is when organizations delegate non-core functions — like customer support, payroll, IT services, or accounting — to third-party specialists. By doing so, they can focus on core business activities while reducing costs, improving efficiency, and gaining acc...