Business Process Outsourcing - Mozambique

  • Mozambique
  • Revenue in the Business Process Outsourcing market is projected to reach US$43.41m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.83%, resulting in a market volume of US$69.37m by 2029.
  • The average Spend per Employee in the Business Process Outsourcing market is projected to reach US$2.77 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$146.30bn in 2024).

Key regions: China, Netherlands, Japan, Brazil, Germany

 
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Analyst Opinion

The demand for Business Process Outsourcing (BPO) services in Mozambique has been increasing steadily over the past few years.

Customer preferences:
One of the main reasons for this growth is the increasing demand for cost-effective solutions by businesses. Many companies in Mozambique are looking for ways to reduce their operational costs and improve efficiency. Outsourcing non-core business functions to BPO service providers has become an attractive option for these companies. Additionally, the availability of a skilled workforce in Mozambique has made it easier for businesses to outsource their operations.

Trends in the market:
Another trend in the BPO market in Mozambique is the increasing adoption of digital technologies. The COVID-19 pandemic has accelerated the adoption of digital technologies in many industries, including BPO. Many BPO service providers in Mozambique are now offering digital services such as data analytics, social media management, and e-commerce support. This trend is expected to continue as more businesses in Mozambique embrace digital transformation.

Local special circumstances:
Mozambique is a country with a large and growing young population. This demographic trend has created a large pool of potential employees for BPO service providers. Additionally, the government of Mozambique has been investing in infrastructure development, which has improved the country's business environment. The government has also been promoting Mozambique as a destination for foreign investment, which has attracted many BPO service providers to the country.

Underlying macroeconomic factors:
The BPO market in Mozambique is also influenced by macroeconomic factors such as GDP growth, inflation, and foreign investment. The country's GDP has been growing steadily over the past few years, which has created a favorable environment for businesses. Additionally, the government's efforts to attract foreign investment have resulted in an influx of foreign companies into the country. This has created a demand for BPO services as these companies seek to outsource their non-core business functions. However, inflation remains a challenge for the country, which could impact the growth of the BPO market in the future.

Methodology

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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