Key regions: China, Netherlands, Japan, Brazil, Germany
The Business Process Outsourcing (BPO) market in Uzbekistan has been steadily developing in recent years, with a growing number of companies outsourcing their non-core business functions to third-party service providers in the country.
Customer preferences: Many companies in Uzbekistan are turning to BPO services to improve their operational efficiency and reduce costs. By outsourcing functions such as customer service, data entry, and accounting, companies can focus on their core competencies and leave the non-core tasks to specialized providers. Additionally, the availability of skilled labor at a lower cost compared to developed countries is another factor driving the growth of the BPO market in Uzbekistan.
Trends in the market: One of the key trends in the BPO market in Uzbekistan is the shift towards more complex and value-added services. While basic services such as data entry and customer service still make up a significant portion of the market, there is a growing demand for higher-value services such as financial analysis, market research, and software development. This trend is driven by the increasing sophistication of Uzbekistan's economy and the need for companies to stay competitive in a rapidly changing business environment.
Local special circumstances: Uzbekistan's government has been actively promoting the development of the BPO industry in the country through various initiatives and incentives. For example, the government has established special economic zones that offer tax breaks and other benefits to companies operating in the BPO sector. Additionally, the country's strategic location at the crossroads of Asia and Europe makes it an attractive destination for companies looking to outsource their business functions to a central location.
Underlying macroeconomic factors: Uzbekistan's economy has been growing at a steady pace in recent years, driven by a combination of factors such as government reforms, infrastructure development, and increased foreign investment. This growth has created a favorable business environment for BPO providers, as companies seek to take advantage of the country's expanding market and growing pool of skilled labor. Additionally, the country's strategic location and proximity to major markets such as China and Russia make it an attractive destination for companies looking to outsource their business functions to a cost-effective and efficient provider.
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)
