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BPO Services in Singapore

Publisher MarketLine
Published Nov 13, 2025
Length 44 Pages
SKU # MTLN20768237

Description

BPO Services in Singapore

Summary

BPO Services in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Business Process Outsourcing (BPO) services include revenues generated both from signed deals that remain under contract and the annual revenues associated with new contracts signed within a particular calendar year. The services include the outsourcing of functions such as customer relationship management, finance & accounting, human resources, knowledge process outsourcing, procurement, and vertical-specific processes. The total value of the market represents the demand for the service coming from a particular country.
  • The Singaporean BPO services market recorded revenues of $5.3 billion in 2024, representing a compound annual growth rate (CAGR) of 8.4% between 2019 and 2024.
  • The vertical-specific BPO segment accounted for the market's largest proportion in 2024, with total revenues of $1.5 billion, equivalent to 28.5% of the market's overall value.
  • In 2024, Singapore accounted for a share of 4.8% of the Asia-Pacific BPO services market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the bpo services market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bpo services market in Singapore
  • Leading company profiles reveal details of key bpo services market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore bpo services market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Singapore bpo services market by value in 2024?
  • What will be the size of the Singapore bpo services market in 2029?
  • What factors are affecting the strength of competition in the Singapore bpo services market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Singapore's bpo services market?

Table of Contents

44 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What were the most recent market developments?
8 Company Profiles
8.1. HCL Technologies Ltd
8.2. Wipro Ltd
8.3. ISS AS
8.4. TMF Group Holding BV
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Singapore BPO services market value: $ million, 2019-24
Table 2: Singapore BPO services market category segmentation: % share, by value, 2019-24
Table 3: Singapore BPO services market category segmentation: $ million, 2019-24
Table 4: Singapore BPO services market geography segmentation: $ million, 2024
Table 5: Singapore BPO services market value forecast: $ million, 2024-29
Table 6: HCL Technologies Ltd: Key Facts
Table 7: HCL Technologies Ltd: Annual Financial Ratios
Table 8: HCL Technologies Ltd: Key Employees
Table 9: HCL Technologies Ltd: Key Employees Continued
Table 10: Wipro Ltd: Key Facts
Table 11: Wipro Ltd: Annual Financial Ratios
Table 12: Wipro Ltd: Key Employees
Table 13: Wipro Ltd: Key Employees Continued
Table 14: ISS AS: Key Facts
Table 15: ISS AS: Annual Financial Ratios
Table 16: ISS AS: Key Employees
Table 17: TMF Group Holding BV: Key Facts
Table 18: TMF Group Holding BV: Key Employees
Table 19: TMF Group Holding BV: Key Employees Continued
Table 20: Singapore Size of Population (Million), 2020-24
Table 21: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 23: Singapore Inflation, 2020-24
Table 24: Singapore Consumer Price Index (Absolute), 2020-24
Table 25: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore BPO services market value: $ million, 2019-24
Figure 2: Singapore BPO services market category segmentation: $ million, 2019-24
Figure 3: Singapore BPO services market geography segmentation: % share, by value, 2024
Figure 4: Singapore BPO services market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the BPO services market in Singapore, 2024
Figure 6: Drivers of buyer power in the BPO services market in Singapore, 2024
Figure 7: Drivers of supplier power in the BPO services market in Singapore, 2024
Figure 8: Factors influencing the likelihood of new entrants in the BPO services market in Singapore, 2024
Figure 9: Factors influencing the threat of substitutes in the BPO services market in Singapore, 2024
Figure 10: Drivers of degree of rivalry in the BPO services market in Singapore, 2024

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