The global business process outsourcing (BPO) business analytics market will generate revenues of $22 billion by 2020, according to a new market research report from Technavio.

Business analytics outsourcing helps enterprises address compliance requirements by increasing their transparency, and increasing their operational efficiency, the firm says. The Americas account for 50% of the total market share, with the region seeing increased demand for business analytics outsourcing from sectors such as government and healthcare.

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