25 Best Business Products & Service Providers - 2019

With trade tensions running high across the border, it’s not surprising that the world trade is poised to confront strong headwinds in 2019 and 2020. WTO economists anticipate a merchandise trade volume fall of 2.6 percent in the running year – down from three percent in 2018. However, they also predict a possible trade growth rebound up to three percent in 20200, which in truth is predominantly dependent on easing trade tensions. Interestingly, despite this possible descent prediction, the global business support services market is expected to progress to $371.45 billion by 2022, significantly growing at a CAGR of 6.8 percent (data courtesy: The Business Research Company). According to a report by Technavio, the global digital business support system market alone is expected to grow by about $2.96 billion during 2019-2023, at a CAGR of close to 15 percent. The credit goes to advanced technology & analytical tools such as big data and loT. The subcontinent is keeping abreast of this healthy global growth rate. According to an IDC research, India’s IT & business services market is likely to hit $14.3 billion by 2020, growing by more than eight percent. Needless to say, the opportunities are huge. But with a possible global trade decent around the corner, the clients are increasingly vigilant in choosing their support services system. In this issue of CEO Insights, we have chiseled a list of ‘25 Best Business Products & Service Providers – 2019’. The list features some of the most well-known business support solution providers who bring unprecedented efficiency along with their signature hallmark to the table. CEO Insights’ editorial board scrutinized the index through frequent discussions with a renowned panel of industry’s topmost CEOs, directors, VCs, and industry analysts, throughout the year. The proposed list aims to help organizations to choose their strategic partner and gain greater productivity.