Artificial Intelligence
Asia-Pacific Business Process Outsourcing (BPO) market is projected to grow at a CAGR of 8.2% by 2033: Visiongain Reports Ltd

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Visiongain has published a new report entitled Asia-Pacific Business Process Outsourcing (BPO) 2023-2033. It includes profiles of Asia-Pacific Business Process Outsourcing (BPO) and Market Segment by Type, (Nearshore, Offsource, Onshore) Market Segment by Service, (Voice Processing, Telemarketing Services, Visualization Services, Other Services) Market Segment by Application, (Customer Care & Demonstrations, Sales & Marketing, Finance & Accounting, Human Resource & Development, Other Application) Market Segment by End-User, (IT & Telecom, BFSI, Healthcare Sector, Manufacturing Sector, Retail & E-Commerce, Other End-User) Market Segment by Region, (Southern Asia, South-Eastern Asia, Eastern Asia, Western Asia, Central Asia) plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, Region and Country.
The Asia-Pacific business process outsourcing (BPO) market was valued at US$68.8 billion in 2022 and is projected to grow at a CAGR of 8.2% during the forecast period 2023-2033.
An Increase In The Use of BPO Services by Start-ups
Facts have caught up with practices, and business process outsourcing helps start-ups flourish globally (BPO). The idea that BPO is exclusively appropriate for big, established businesses is no longer true. Businesses of all shapes and sizes profit from the new development. Outsourcing, which several start-ups are hesitant to use, could be one such answer. However, a dynamic assessment of a company could reveal a need for cost-cutting, the addition of essential human resources, or the support of specific business processes that lack the requisite infrastructure. The idea that BPO is exclusively appropriate for big, established businesses is no longer true. Businesses of all shapes and sizes profit from the new development. In a 2018 Clutch survey, 37% of small businesses reported outsourcing at least one key business operation, while 52% said they planned to do so the following year. Growth and scaling must be a top strategic priority if you want to achieve the desired unicorn status (worth above $1 billion).
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How has COVID-19 had a significant negative impact on the Asia-Pacific Business Process Outsourcing (BPO) Market?
Nearly every industry has been negatively impacted by the COVID19 problem, which has resulted in supply chains being disrupted, nationwide lockdowns, and organisations considering the idea of long-term or even permanent remote working. In the Business Process Outsourcing (BPO) industry, contact centre employees take millions of calls daily while working from various places. China was the first nation to request that these individuals work remotely in response to the COVID-19 epidemic, and other nations soon followed. The longevity of these workers depends on a variety of factors, including their capacity for change and willingness to collaborate across functional lines.
According to a recent survey, the COVID-19 epidemic may be affecting our ability to sleep. Since the pandemic began, 70% of people have reported experiencing one or more new sleep difficulties. World Sleep Day raises awareness of the need of sleep for physical and mental health. 13,000 persons in 13 nations were polled for the study by Royal Philips, which examined attitudes, views, and sleeping habits. People all over the world are aware that they are not getting enough sleep, and for some, the pandemic has had a detrimental effect on their sleep.
How will this Report Benefit you?
Visiongain’s 302-page report provides 157 tables and 158 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the Asia-Pacific business process outsourcing (BPO) market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall regional market for Asia-Pacific Business Process Outsourcing (BPO). Get financial analysis of the overall market and different segments including type, service, application, end-user and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing Asia-Pacific business process outsourcing (BPO) market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the Current Market Drivers?
Growing Demand for Cost-Effective Solutions
Companies in the Asia-Pacific region are looking for cost-effective solutions to reduce their operational costs. Business process outsourcing (BPO) services provide a cost-effective way to outsource non-core business functions such as customer service, human resources, and finance.
Increasing Adoption of Digital Technologies
The adoption of digital technologies such as automation, artificial intelligence, and cloud computing is driving the growth of BPO services in the Asia-Pacific region. These technologies enable BPO providers to offer more efficient and effective services to their clients.
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https://www.visiongain.com/report/asia-pacific-bpo-market-2023/#download_sampe_div
Where are the Market Opportunities?
Growing Skilled Labour Force in the Region
The Asia-Pacific region has a large pool of skilled labour, particularly in countries such as India, the Philippines, and China. This skilled labour force is a major driver of the BPO market in the region.
Growing Outsourcing Trend and Government Initiatives
Companies in the Asia-Pacific region are increasingly outsourcing their non-core business functions to focus on their core competencies. This trend is driving the growth of the BPO market in the region. Governments in the Asia-Pacific region are promoting the BPO industry through initiatives such as tax incentives, subsidies, and infrastructure development. This is encouraging more companies to invest in BPO services.
Competitive Landscape
The Economic growth in this region is a driving factor for the growth of the BPO market as the companies are expanding and looking for cost-effective solutions to operate their business. The major players operating in the Asia-Pacific business process outsourcing (BPO) market are Accenture Plc, IBM Corporation, Cognizant, Capgemini SE, Infosys Limited, ADP Inc., Amdocs, CBRE Group, Inc., Concentrix Corporation, HCL Technologies Limited. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.
Recent Developments
- 02 Dec 2022, Fiftyfive5, a customer insights and advisory firm, has been acquired by Accenture (NYSE: ACN). Accenture Song’s (formerly Accenture Interactive) ability to help clients tap data insights and performance marketing to accelerate growth and innovation across Australia and New Zealand will be strengthened as a result of the move.
- 07 Dec 2022, IBM signed an agreement to acquire Octo, a U.S.-based provider of IT modernization and digital transformation services to the federal government, including defence, health, and civilian agencies. The acquisition of Octo by IBM creates one of the federal government’s largest digital transformation partners.
To access the data contained in this document please email [email protected]
To find more Visiongain research reports on the IT sector, click on the following links:
Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected]
About Visiongain
Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs.
Contact:
Oliver Davison
Visiongain Reports Limited
Telephone: +44 (0) 20 7336 6100
Email: [email protected]
Web: www.visiongain.com
Artificial Intelligence
Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research

BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.
Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.”
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Artificial Intelligence
Savory & Partners: Digital Nomad Visas Sparking a Migration Boom

DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.
A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit www.savoryandpartners.com.
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Artificial Intelligence
Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research

The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/5117
Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
CAGR
10.9 %
No. of Pages in Report
250
Segments covered
Range, End User, Distribution Channel, and Region
Drivers
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Opportunities
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Restraints
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032Canada Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Mexico Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Europe Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032France Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Germany Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:https://blog.alliedmarketresearch.com/consumer-goods
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