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Data-entry Outsourcing Services Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71879
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The data-entry outsourcing services market share is expected to increase by USD 504.12 million from 2020 to 2025, at a CAGR of 5.95%.

This data-entry outsourcing services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers data-entry outsourcing services market segmentation by end-user (BFSI, IT and telecom, manufacturing, healthcare, and others) and geography (APAC, North America, South America, Europe, and MEA). The data-entry outsourcing services market report also offers information on several market vendors, including Acelerartech, Acquire BPO Pty Ltd, Arcgate, ARDEM Inc., Cogneesol BPO Pvt. Ltd., CyberData India, DataMondial, Inspur Worldwide Services Ltd., Invensis Technologies Pvt Ltd., and Keyoung Information Ltd. among others.

What will the Data-entry Outsourcing Services Market Size be During the Forecast Period?

Data-entry Outsourcing Services Market Size

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Data-entry Outsourcing Services Market: Key Drivers and Trends

The increasing need for cost-effective solutions to improve efficiency is notably driving the data-entry outsourcing services market growth, although factors such as challenges related to data safety and security may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the data-entry outsourcing services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Data-entry Outsourcing Services Market Drive

The increasing need for cost-effective solutions to improve efficiency is one of the key drivers for the outsourcing services market size growth. Data-entry outsourcing services help enterprises in saving time by delegating non-important tasks. As enterprises outsource data entry operations to service providers, it predominantly reduces the cost of hiring a process executive. Today, as most enterprises do not have the experience, expertise, and human resources to undertake data-entry operating processes properly, they can undertake the outsourcing of data entry services. Thus, data-entry services assist vendors in providing enterprises with efficient data. Such factors will drive the outsourcing services market size growth during the forecast period.

Key Data-entry Outsourcing Services Market Challenge

Data security and safety concerns, while outsourcing data entry services to another company, may hinder the data-entry outsourcing services market size growth. Confidential information related to recruitment, accounts and finance, and payroll can be at a greater risk of data theft. However, there are many businesses and enterprises that have found an alternative by outsourcing the data only to well-established companies. Also, the cultural barriers can hamper the data-entry outsourcing globally.

This data-entry outsourcing services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Data-entry Outsourcing Services Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Acelerartech
  • Acquire BPO Pty Ltd
  • Arcgate
  • ARDEM Inc.
  • Cogneesol BPO Pvt. Ltd.
  • CyberData India
  • DataMondial
  • Inspur Worldwide Services Ltd.
  • Invensis Technologies Pvt Ltd.
  • Keyoung Information Ltd.

 

This statistical study of the data-entry outsourcing services market encompasses successful business strategies deployed by the key vendors. The data-entry outsourcing services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The data-entry outsourcing services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Data-entry Outsourcing Services Market?

Data-entry Outsourcing Services Market Market segmentation by region

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46% of the market's growth will originate from APAC during the forecast period. India, China, and the Philippines are the key markets for the data-entry outsourcing services market in APAC. Market growth in this region will be faster than the growth of the market in South America and MEA.

The political and financial stability will facilitate the data-entry outsourcing services market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Data-entry Outsourcing Services Market?

Data-entry Outsourcing Services Market Segmentation

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The data-entry outsourcing services market share growth by the BFSI segment will be significant during the forecast period. BFSI is a highly methodical and structured sector that lays down the hard-coded procedures, to which an employee must adhere to in day-to-day activities. The processes are data-intensive, and implementing these procedures involves a lot of paperwork. Therefore, BFSI companies are outsourcing their content and data management responsibilities to reliable data-entry partners that employ specialized resources for efficient data management. Such factors of BFSI will drive the data-entry outsourcing services market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the data-entry outsourcing services market size and actionable market insights on post COVID-19 impact on each segment.

 

Data-entry Outsourcing Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 5.95%

Market growth 2021-2025

$ 504.12 million

Market structure

Fragmented

YoY growth (%)

6.71

Regional analysis

APAC, North America, South America, Europe, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

India, Mexico, China, The Philippines, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Acelerartech, Acquire BPO Pty Ltd, Arcgate, ARDEM Inc., Cogneesol BPO Pvt. Ltd., CyberData India, DataMondial, Inspur Worldwide Services Ltd., Invensis Technologies Pvt Ltd., and Keyoung Information Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Data-entry Outsourcing Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive data-entry outsourcing services market growth during the next five years
  • Precise estimation of the data-entry outsourcing services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the data-entry outsourcing services industry across APAC, North America, South America, Europe, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of data-entry outsourcing services market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • BFSI - Market size and forecast 2020-2025
    • IT and telecom - Market size and forecast 2020-2025
    • Manufacturing - Market size and forecast 2020-2025
    • Healthcare - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Acelerartech
      • Acquire BPO Pty Ltd
      • Arcgate
      • ARDEM Inc.
      • Cogneesol BPO Pvt. Ltd.
      • CyberData India
      • DataMondial
      • Inspur Worldwide Services Ltd.
      • Invensis Technologies Pvt Ltd.
      • Keyoung Information Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Data-entry Outsourcing Services market growth will increase by $504.12 million during 2020-2025.
      The data-entry outsourcing services market is expected to grow at a CAGR of 5.95% during 2020-2025.
      Technavio has segmented the data-entry outsourcing services market by end user (BFSI, IT and telecom, Manufacturing, Healthcare, and Others) and geographic (APAC, North America, South America, Europe, and MEA).
      Acelerartech, Acquire BPO Pty Ltd, Arcgate, ARDEM Inc., Cogneesol BPO Pvt. Ltd., CyberData India, DataMondial, Inspur Worldwide Services Ltd., Invensis Technologies Pvt Ltd., Keyoung Information Ltd. are a few of the key vendors in the data-entry outsourcing services market.
      APAC will register the highest growth rate of 45.92% among the other regions. Therefore, the data-entry outsourcing services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • India
      • Mexico
      • China
      • The Philippines
      • Brazil
      The key factors driving the data-entry outsourcing services market growth are:
      • Increasing need for cost-effective solutions to improve efficiency
      The data-entry outsourcing services market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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