Singapore Business Process Outsourcing Market Size & Outlook

The business process outsourcing market in Singapore is expected to reach a projected revenue of US$ 11,750.3 million by 2030. A compound annual growth rate of 10.5% is expected of Singapore business process outsourcing market from 2024 to 2030.
Revenue, 2023 (US$M)
$5,858.0
Forecast, 2030 (US$M)
$11,750.3
CAGR, 2024 - 2030
10.5%
Report Coverage
Singapore

Singapore business process outsourcing market highlights

  • The Singapore business process outsourcing market generated a revenue of USD 5,858.0 million in 2023 and is expected to reach USD 11,750.3 million by 2030.
  • The Singapore market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
  • In terms of segment, finance & accounting was the largest revenue generating service type in 2023.
  • Finance & Accounting is the most lucrative service type segment registering the fastest growth during the forecast period.


Business process outsourcing market data book summary

Market revenue in 2023USD 5,858.0 million
Market revenue in 2030USD 11,750.3 million
Growth rate10.5% (CAGR from 2023 to 2030)
Largest segmentFinance & accounting
Fastest growing segmentFinance & Accounting
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFinance & Accounting, Human Resource, KPO, Procurement & Supply Chain, Customer Services, Sales & Marketing, Logistics, Training and Development Outsourcing, IT Outsourcing, Legal Process Outsourcing
Key market players worldwideAccenture PLC Class A, Amdocs Ltd, Capgemini SE, CBRE Group Inc Class A, Cognizant Technology Solutions Corp Class A, The Delta Companies, HCL Technologies, Infosys Ltd ADR, International Business Machines Corp, NCR Atleos Corp, Sodexo, Teleperformance SE, TTEC Holdings Inc, Wipro Ltd ADR


Other key industry trends

  • In terms of revenue, Singapore accounted for 2.1% of the global business process outsourcing market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China business process outsourcing market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 32,765.9 million by 2030.

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Business Process Outsourcing Market Scope

Business process outsourcing market segmentation & scope

Business Process Outsourcing Market Companies

Name Profile # Employees HQ Website

Singapore business process outsourcing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to business process outsourcing market will help companies and investors design strategic landscapes.


Finance & accounting was the largest segment with a revenue share of 28.56% in 2023. Horizon Databook has segmented the Singapore business process outsourcing market based on finance & accounting, human resource, kpo, procurement & supply chain, customer services, sales & marketing, logistics, training and development outsourcing, it outsourcing, legal process outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Singapore business process outsourcing market databook

  • Our clientele includes a mix of business process outsourcing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Singapore business process outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Singapore business process outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Singapore business process outsourcing market size, by service type, 2018-2030 (US$M)

Singapore Business Process Outsourcing Market Outlook Share, 2023 & 2030 (US$M)

Singapore business process outsourcing market size, by service type, 2018-2030 (US$M)

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