Global Data-entry Outsourcing Services Market Analysis - Size, Growth, Trends, and Forecast 2019-2023

Global Data-entry Outsourcing Services Market Overview

The global data-entry outsourcing services market size is projected to reach $1.7 billion by 2023. The overall data-entry outsourcing services market growth is expected to maintain a CAGR of 4.65% from 2019 to 2023. Technavio’s global data-entry outsourcing services market report analyzes the market segmentation by end-user (BFSI, IT and Telecom, Manufacturing, Healthcare and Others), and by geographical region (Asia Pacific, North America, South America, Europe, Middle East and Africa). This report includes an in-depth discussion of the recent data-entry outsourcing services market drivers, challenges and trends. The increasing demand for cost-effective solutions to improve efficiency, need for enterprises to focus on core competencies, and better expertise of vendors in this market are some of the major factors that will drive the growth of the global data-entry outsourcing services market during the forecast period. This market research also provides an overview of the market’s competitive landscape and top data-entry outsourcing service providers and companies. These leading companies include Cogneesol, eDataShop.com, Inspur Worldwide Services, Invensis Technologies, and Keyoung Information etc. View the Table of Contents for the full scope of the information you will receive in this market research report, or request a free sample delivered to you instantly.

Global Data-entry Outsourcing Services Market Forecast

Technavio’s research report offers a market forecast for the years 2019 -2023, using 2018 as the base year for all calculations. Our industry analysis predicts that the global data-entry outsourcing services market will grow at a year-on-year rate of 4.28% in 2019 and then maintain to grow at a CAGR of 4.65% through to 2023. Asian Pacific is currently accounting for the largest part of the global data-entry outsourcing services market share, and it is also expected to witness the highest growth rate during the next five years. In 2018, APAC accounted for 43.48% of the overall market. When it comes to CAGR, APAC region is projected to register a highest 4.85% growth rate from 2019 to 2023, followed by South Americas and Middle East and Africa. Purchase Technavio’s full report for a deep dive into the future prospects of individual regions and segments, as well as factors that will drive growth over the next five years.

Global Data-entry Outsourcing Services Market Drivers and Trends

Data-entry outsourcing services, also known as the outsource data entry services, refers to the outsourcing of a part or the whole of data-entry business functions such as online data entry, offline data entry, image data entry, and other financial bookkeeping entries, all of which are non-core functions of businesses and enterprises. These functions are outsourced to third-party data-entry service providers, either in the same country or in an offshore location. The global data-entry outsourcing services industry is growing steadily over the recent decades. Restoring to data-entry outsourcing services helps enterprises to cut their costs as well as to reduce the turnaround time by delegating non-important tasks such as content management to specialized vendors. Thus, the increasing demand for cost-effective solutions to improve efficiency is the main market drivers for the global data-entry outsourcing services market.

Meanwhile, several data-entry outsourcing services market trends are also expected to change the market over the next five years. Although there is an increasing automation across the whole data-entry services industry, it might have a negative impact on the global data-entry outsourcing services market, as such automation will decrease the demand for outsourcing services. However, data analytics still needs experts with technical expertise. Therefore, companies around the world are expected to increasingly outsource data analytics to data-entry outsourcing service providers. Another trend in this market is the growing acceptance for freelancing of data-entry operations, and such outsourcing operation is projected to be more popular during the forecast period.

Segmentation by End-user

Based on end-user, the global data-entry outsourcing services market is segmented into BFSI (banking, financial services, and insurance); IT and telecom; manufacturing; healthcare; and others. In 2018, BFSI sector was the largest revenue contributor to the global data-entry outsourcing services industry, accounting for 34.61% of the global market share. However, IT, telecom and manufacturing sectors are expected to be the fastest growing segment in the global data-entry outsourcing services market over the next five years.

• BFSI 


• IT and telecom 


• Manufacturing 


• Healthcare


• Others

Segmentation by Geographical Region

In 2018, Asian Pacific (APAC) was the largest market for the global data-entry outsourcing services. The region will continue its dominance throughout the forecast period. Several countries in the region such as India, China and the Philippines are leading the global data-entry outsourcing services. Many companies from the Americas and Europe have outsourced their data-entry operations to APAC countries due to their cost-effectiveness. South America, Middle East and Africa are also projected to witness a steady and strong growth in their data-entry outsourcing services market.

• APAC


• North America


• South America


• Europe


• Middle East and Africa

Key Questions Answered in this Data-entry Outsourcing Services Market Research Report

What will the data-entry outsourcing services market size and the growth rate be in 2023?

What are the key factors driving the global data-entry outsourcing services market?

What is the key data-entry outsourcing services market trends impacting the growth of this market?

What are the challenges to data-entry outsourcing services market growth?

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