• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » APAC BPO market valued at $68.8Bn in 2022

APAC BPO market valued at $68.8Bn in 2022

APAC BPO market valued at $6.8Bn in 2022
Photo from Microsourcing

LONDON, ENGLAND — The Asia-Pacific (APAC) Business Process Outsourcing (BPO) market value reached US$68.8 billion in 2022 and is projected to grow at a CAGR of 8.2% by 2023, said market research firm Visiongain. 

In a recently released report, Visiongain revealed that APAC companies are increasingly outsourcing their non-core business functions to focus on their core competencies. 

The economic growth in the region is also a driving factor for the development of the BPO market, as many companies are expanding and looking for cost-effective solutions to operate their businesses.

Moreover, tax incentives, subsidies, and infrastructure development offered across the region encourage more companies to invest in BPO services. 

“We believe that there are strong opportunities in this fast-growing Asia-Pacific BPO market,” noted Visiongain.

APAC’s large pool of skilled labor — particularly in countries such as India, the Philippines, and China — is also a significant driver of the BPO market in the region.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image