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NelsonHall Forecasts Nascent Procurement BPO Market
To Grow By CAGR of 26 Percent
WASHINGTON & LONDON (May 24, 2004) — BPO market research firm NelsonHall today announced that the current worldwide market for procurement BPO is just $200 million, and is expected to reach $640 million by 2008 (CAGR 26 percent.)
Said John Willmott, founder of NelsonHall, “While there have been published announcements of large market size and growth figures for procurement services, the reality is that most contracts are still based on a mix of consulting and applications hosting. Very few of them include...