Key regions: United Kingdom, United States, Brazil, Japan, Netherlands
Central Asia, a region known for its rich history and diverse culture, is also becoming a hub for the Business Process Outsourcing (BPO) market.
Customer preferences: The demand for outsourcing services in Central Asia is increasing due to the cost-effectiveness and quality of services provided by BPO companies. Companies in the region prefer to outsource non-core business activities such as customer support, data entry, and accounting to BPO companies to reduce costs and increase efficiency. Additionally, the availability of a skilled workforce in the region is also attracting foreign companies to outsource their business processes to Central Asia.
Trends in the market: Kazakhstan, Uzbekistan, and Kyrgyzstan are the major players in the BPO market in Central Asia. Kazakhstan, with its highly skilled workforce and government support for the IT industry, is leading the market. The country is also attracting foreign investment in the IT sector, which is expected to boost the BPO market further. Uzbekistan, with its large population and low labor costs, is becoming a popular destination for BPO companies. The country is also investing in the development of its IT sector, which is expected to create more job opportunities in the BPO market. Kyrgyzstan, with its educated workforce and low labor costs, is also emerging as a potential destination for BPO companies.
Local special circumstances: One of the significant challenges faced by the BPO market in Central Asia is the lack of infrastructure and technology. The region needs to invest in the development of its IT infrastructure to attract more foreign investment and compete with other countries in the BPO market. Additionally, the region also needs to focus on developing its English language skills to cater to the needs of the global market.
Underlying macroeconomic factors: The BPO market in Central Asia is expected to grow due to the region's favorable business environment and government support for the IT industry. The region's strategic location between Europe and Asia also makes it an ideal destination for BPO companies looking to expand their operations globally. The increasing demand for outsourcing services in the global market is also expected to drive the growth of the BPO market in Central Asia.
Data coverage:
The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.Modeling approach / Market size:
Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
