Singapore BPO Services Market Summary, Competitive Analysis and Forecast to 2027
Summary
BPO Services in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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 $4.2 billion in 2022, representing a compound annual growth rate (CAGR) of 7.1% between 2017 and 2022.
- The vertical-specific BPO segment accounted for the market's largest proportion in 2022, with total revenues of $1.1 billion, equivalent to 27.4% of the market's overall value.
- Factors such as political stability, competent workforce, stable business environment, and government support are promoting the country as a key outsourcing destination by several businesses worldwide.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 2022?
- What will be the size of the Singapore bpo services market in 2027?
- What factors are affecting the strength of competition in the Singapore bpo services market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's bpo services market?
- 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, 2017-22
- Table 2: Singapore BPO services market category segmentation: % share, by value, 2017-2022
- Table 3: Singapore BPO services market category segmentation: $ million, 2017-2022
- Table 4: Singapore BPO services market geography segmentation: $ million, 2022
- Table 5: Singapore BPO services market value forecast: $ million, 2022-27
- 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: TMF Group B.V.: key facts
- Table 18: TMF Group B.V.: Key Employees
- Table 19: Singapore size of population (million), 2018-22
- Table 20: Singapore gdp (constant 2005 prices, $ billion), 2018-22
- Table 21: Singapore gdp (current prices, $ billion), 2018-22
- Table 22: Singapore inflation, 2018-22
- Table 23: Singapore consumer price index (absolute), 2018-22
- Table 24: Singapore exchange rate, 2018-22
- List of Figures
- Figure 1: Singapore BPO services market value: $ million, 2017-22
- Figure 2: Singapore BPO services market category segmentation: $ million, 2017-2022
- Figure 3: Singapore BPO services market geography segmentation: % share, by value, 2022
- Figure 4: Singapore BPO services market value forecast: $ million, 2022-27
- Figure 5: Forces driving competition in the BPO services market in Singapore, 2022
- Figure 6: Drivers of buyer power in the BPO services market in Singapore, 2022
- Figure 7: Drivers of supplier power in the BPO services market in Singapore, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the BPO services market in Singapore, 2022
- Figure 9: Factors influencing the threat of substitutes in the BPO services market in Singapore, 2022
- Figure 10: Drivers of degree of rivalry in the BPO services market in Singapore, 2022
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