Global Data-entry Outsourcing Services Market Analysis - Size, Growth, Trends, and Forecast 2019-2023
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Preface
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
BFSI - Market size and forecast 2018-2023
IT and Telecom - Market size and forecast 2018-2023
Manufacturing - Market size and forecast 2018-2023
Healthcare - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
Middle East and Africa - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: MARKET TRENDS
Increasing automation across the data-entry services industry
Increasing outsourcing of data analytics
Growing acceptance of freelancing
PART 11: VENDOR LANDSCAPE
Overview
Landscape disruption
PART 12: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Cogneesol
eDataShop.com
Inspur Worldwide Services
Invensis Technologies
Keyoung Information
PART 13: APPENDIX
Research methodology
List of abbreviations
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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What are the market opportunities and threats faced by the vendors in the global data-entry outsourcing services market?
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