Definition :
The Business Process Outsourcing (BPO) market refers to the transfer of entire business processes or individual activities from a company to a third party and is often IT based. BPO covers a wide variety of business processes, usually either in the back office (e.g., human resources) or in the front office (e.g., customer service in call centers). A distinction is made between horizontal and vertical outsourcing. Horizontal BPO combines function-centric as well as cross-sector and cross-industry services, such as human resources management or payroll accounting. Vertical BPO, on the other hand, focuses on specialized services and is especially appealing to customers from the financial services industry, the healthcare sector, the manufacturing industry, or the retail sector.
Additional Information:
The Business Process Outsourcing market comprises revenues, revenue change, average spend per employee, and the market shares of the different business sectors. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include Accenture, Cognizant, Wipro, and IBM.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Apr 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The Business Process Outsourcing (BPO) market in Qatar has been steadily developing over the years, driven by a number of factors that have made the country an attractive destination for outsourcing services.
Customer preferences: Qatar has a highly educated and skilled workforce, which has made it an attractive destination for outsourcing services. Companies looking to outsource their business processes are drawn to the high-quality talent pool available in Qatar, which can provide a range of services including customer support, data entry, and back-office operations.
Trends in the market: One of the key trends in the BPO market in Qatar has been the increasing adoption of digital technologies. Companies are increasingly looking to leverage digital tools such as automation, artificial intelligence, and machine learning to streamline their business processes and improve efficiency. This has led to a growing demand for BPO services that can help companies implement these technologies and integrate them into their operations.Another trend in the market has been the increasing focus on customer experience. Companies are looking to provide a seamless and personalized experience to their customers, and are turning to BPO providers to help them achieve this goal. BPO providers in Qatar are offering a range of services such as customer support, social media management, and chatbot services to help companies improve their customer experience.
Local special circumstances: Qatar has a number of advantages that have made it an attractive destination for BPO services. One of the key advantages is its strategic location, which makes it a gateway to the Middle East and North Africa region. This has made Qatar an attractive destination for companies looking to expand their operations in the region.Another advantage of Qatar is its business-friendly environment. The country has implemented a number of policies and initiatives to attract foreign investment and promote economic growth. This has created a favorable environment for BPO providers, who are able to operate in a stable and supportive business environment.
Underlying macroeconomic factors: The development of the BPO market in Qatar is closely linked to the country's overall economic growth. Qatar has a strong and diversified economy, driven by its natural gas reserves and its focus on developing key sectors such as finance, technology, and tourism. This has created a favorable environment for BPO providers, who are able to tap into the country's growing demand for outsourcing services.In conclusion, the BPO market in Qatar is poised for continued growth in the coming years, driven by the country's highly skilled workforce, growing adoption of digital technologies, and favorable business environment. As companies continue to look for ways to improve efficiency and enhance customer experience, BPO providers in Qatar are well-positioned to meet this growing demand.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights