Singapore BPO Services Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
BPO Services in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- BPO services include revenues generated both from signed deals that remain under contract and the annual revenues associated with new contracts signed within a particular calendar year. The services include the outsourcing of functions such as customer relationship management, knowledge process outsourcing, finance & accounting, human resources, procurement, and vertical-specific processes. The total value of the market represents the demand for the service coming from a particular country.
- The Singaporean BPO services market had total revenues of $3,510.7 million in 2021, representing a compound annual growth rate (CAGR) of 5.8% between 2016 and 2021.
- The vertical-specific BPO segment was the market's most lucrative in 2021, with total revenues of $1,035.6 million, equivalent to 29.5% of the market's overall value.
- Though the country has high labor cost as compared to other Asia-Pacific countries such as China and India but factors such as political stability, competent workforce, business environment and government support also play an important role in selecting the outsourcing destination, which is expected to support the country’s BPO services market.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the bpo services market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bpo services market in Singapore
- Leading company profiles reveal details of key bpo services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore bpo services market with five year forecasts
- What was the size of the Singapore bpo services market by value in 2021?
- What will be the size of the Singapore bpo services market in 2026?
- What factors are affecting the strength of competition in the Singapore bpo services market?
- How has the market performed over the last five years?
- How large is Singapore’s bpo services market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 7.4. What were the most recent market developments?
- 8 Company Profiles
- 8.1. HCL Technologies Limited
- 8.2. Wipro Ltd
- 8.3. ISS AS
- 8.4. TMF Group B.V.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Singapore BPO services market value: $ million, 2016-21
- Table 2: Singapore BPO services market category segmentation: % share, by value, 2016-2021
- Table 3: Singapore BPO services market category segmentation: $ million, 2016-2021
- Table 4: Singapore BPO services market geography segmentation: $ million, 2021
- Table 5: Singapore BPO services market value forecast: $ million, 2021-26
- Table 6: HCL Technologies Limited: key facts
- Table 7: HCL Technologies Limited: Annual Financial Ratios
- Table 8: HCL Technologies Limited: Key Employees
- Table 9: HCL Technologies Limited: Key Employees Continued
- Table 10: Wipro Ltd: key facts
- Table 11: Wipro Ltd: Annual Financial Ratios
- Table 12: Wipro Ltd: Key Employees
- Table 13: Wipro Ltd: Key Employees Continued
- Table 14: ISS AS: key facts
- Table 15: ISS AS: Annual Financial Ratios
- Table 16: ISS AS: Key Employees
- Table 17: ISS AS: Key Employees Continued
- Table 18: TMF Group B.V.: key facts
- Table 19: TMF Group B.V.: Key Employees
- Table 20: Singapore size of population (million), 2017-21
- Table 21: Singapore gdp (constant 2005 prices, $ billion), 2017-21
- Table 22: Singapore gdp (current prices, $ billion), 2017-21
- Table 23: Singapore inflation, 2017-21
- Table 24: Singapore consumer price index (absolute), 2017-21
- Table 25: Singapore exchange rate, 2017-21
- List of Figures
- Figure 1: Singapore BPO services market value: $ million, 2016-21
- Figure 2: Singapore BPO services market category segmentation: $ million, 2016-2021
- Figure 3: Singapore BPO services market geography segmentation: % share, by value, 2021
- Figure 4: Singapore BPO services market value forecast: $ million, 2021-26
- Figure 5: Forces driving competition in the BPO services market in Singapore, 2021
- Figure 6: Drivers of buyer power in the BPO services market in Singapore, 2021
- Figure 7: Drivers of supplier power in the BPO services market in Singapore, 2021
- Figure 8: Factors influencing the likelihood of new entrants in the BPO services market in Singapore, 2021
- Figure 9: Factors influencing the threat of substitutes in the BPO services market in Singapore, 2021
- Figure 10: Drivers of degree of rivalry in the BPO services market in Singapore, 2021
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