PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1833302
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1833302
Southeast Asia Human Resource BPO Market Introduction and Overview
According to SPER market research, 'Southeast Asia Human Resource BPO Market Size - By Service, By Enterprise Size, By Outsourcing Type, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Southeast Asia Human Resource BPO Market is predicted to reach 13.91 billion by 2034 with a CAGR of 13.68%.
The practice of contracting with outside service providers to handle human resource activities is known as business process outsourcing, or BPO. These services include hiring, payroll processing, benefits administration, performance management, training and development, and compliance with labor laws. By outsourcing HR-related tasks, businesses can reduce operating costs, boost productivity, and focus on their core competencies.
Restraints: The Southeast Asian HR BPO sector confronts a number of obstacles. Significant barriers include worries about data security and privacy, particularly when it comes to sensitive employee data being handled by outside contractors. Regulatory complexities across nations and frequent labor law changes might make it more difficult to provide services in a smooth manner. Communication and the quality of services may be impacted by regional linguistic and cultural differences.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Service, By Enterprise Size, By Outsourcing Type, By End Use
Regions covered Thailand, Malaysia, Singapore, Indonesia, Vietnam, Philippines, Rest of Southeast Asia
Companies Covered
Accenture, Alorica, Inc., Booth & Partners, Cognizant, Concentrix Cooperation, ConnectOS, Connext Global Solutions, Genpact, Offshore MVP, Sourcefit
Southeast Asia Human Resource BPO Market Segmentation:
By Service: Based on the Service, Southeast Asia Human Resource BPO Market is segmented as; Recruitment Process Outsourcing (RPO), Payroll Outsourcing, Learning and Development (L&D) Outsourcing, HR Administration, Others.
By Enterprise Size: Based on the Enterprise Size, Southeast Asia Human Resource BPO Market is segmented as; Large Enterprises, SMEs.
By Outsourcing Type: Based on the Outsourcing Size, Southeast Asia Human Resource BPO Market is segmented as; Onshore, Offshore, Nearshore.
By End Use: Based on the End Use, Southeast Asia Human Resource BPO Market is segmented as; BFSI, Healthcare, Manufacturing, Energy & Utilities, Travel & Logistics, IT & Telecommunications, Media & Entertainment, Retail, Others.
By Region: This research also includes data for Thailand, Malaysia, Singapore, Indonesia, Vietnam, Philippines, Rest of Southeast Asia