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Data Entry Outsourcing Services Market to Grow by USD 202.3 Million from 2024-2028, Driven by Demand for Cost-Effective Solutions and AI’s Impact on Trends – Technavio

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NEW YORK, Nov. 6, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global data entry outsourcing services market size is estimated to grow by USD 202.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.18%  during the forecast period. Increasing need for cost-effective solutions to improve efficiency is driving market growth, with a trend towards increasing automation across the data-entry services industry. However, data volume and complexity associated with data-entry outsourcing services  poses a challenge.Key market players include 365Outsource, Acelerartech, Acquire BPO Pty Ltd, Arcgate Technologies LLP., ARDEM Inc., Cogneesol BPO Pvt. Ltd., DataMondial, Flatworld Solutions Inc., India Data Outsourcing Services, Invensis Technologies Pvt. Ltd., Keyoung Information Ltd., Magellan Solutions Inc., MicroSourcing International Ltd., Offshore Business Processing Pty Ltd, Oworkers, Perfect Data Entry, Probe CX, Saivion Outsourcing Services Pvt. Ltd., SunTec Web Services Pvt. Ltd., and Trupp Technologies Pvt. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (E-commerce products, Invoices, Customer orders, Forms and documents, and Others), End-user (BFSI, IT and telecom, Manufacturing, Healthcare, and Others), and Geography (APAC, North America, South America, Europe, and Middle East and Africa)

Region Covered

APAC, North America, South America, Europe, and Middle East and Africa

Key companies profiled

365Outsource, Acelerartech, Acquire BPO Pty Ltd, Arcgate Technologies LLP., ARDEM Inc., Cogneesol BPO Pvt. Ltd., DataMondial, Flatworld Solutions Inc., India Data Outsourcing Services, Invensis Technologies Pvt. Ltd., Keyoung Information Ltd., Magellan Solutions Inc., MicroSourcing International Ltd., Offshore Business Processing Pty Ltd, Oworkers, Perfect Data Entry, Probe CX, Saivion Outsourcing Services Pvt. Ltd., SunTec Web Services Pvt. Ltd., and Trupp Global Technologies Pvt. Ltd.

Key Market Trends Fueling Growth

The data entry outsourcing services market is facing a significant trend towards automation. With the world becoming increasingly automated, data entry operations are no exception. Automated data entry offers numerous benefits, including increased accuracy, time savings, and reduced efforts compared to manual data entry. This automation eliminates the need for manual data entry, which is prone to errors, and significantly reduces turnaround times. Consequently, businesses are shifting towards automating their data entry functions, potentially hindering the growth of the global data entry outsourcing services market during the forecast period. Automation’s advantages, such as eliminating manual errors and saving time, make it an attractive alternative for businesses, potentially reducing the demand for outsourced data entry services. 

The Data Entry Outsourcing Services Market is experiencing significant changes due to various trends. In the healthcare sector, there’s a growing demand for accurate and efficient data processing. IoT devices generate massive data, requiring offshore suppliers to handle the workload. However, political scenarios and social scenarios can bring negative changes, affecting promotions and sales and marketing efforts. Skilled professionals are in high demand for data analytics, data security, and digital transformation projects. Offshoring and outsourcing abroad continue to be popular for productivity gains and lower wages. AI technologies and automation are revolutionizing the industry, with BPaaS and BPS adopting cloud computing and cloud technology for commercial development. Consumer buying behavior and economic scenarios influence market trends, while attrition remains a challenge. Synthesis of data is crucial for subject-related expert advice. Telemarketing and freelancing are also part of the landscape. Negative changes include increasing competition, while positive changes include the adoption of AI and automation. Stay tuned for more insights on trends like digital transformation, data analytics, data security, and consumer behavior. 

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Market Challenges

The data entry outsourcing services market faces substantial challenges due to increasing data volumes and complexities. Businesses generate vast amounts of data, necessitating efficient processing, organization, and accurate input. Managing workload, allocating resources, and maintaining turnaround times become challenging with high data volumes. Scalable solutions are essential to handle demand fluctuations without compromising quality. Complex data structures, such as unstructured text, images, and diverse formats, add intricacy. Advanced tools like OCR, automated data extraction, and machine learning algorithms streamline data entry, automating repetitive tasks and reducing errors. However, adapting to data complexity requires specialized expertise and continuous training for data entry professionals. Ensuring accuracy and data integrity with complex data sources necessitates a blend of human skill and technological support. Thus, managing data volume and complexity in data entry outsourcing services poses significant challenges to market growth.The Data Entry Outsourcing Services Market is experiencing significant changes due to various factors. In the Healthcare sector, compliance with data privacy regulations poses a challenge. IoT devices generate vast amounts of data, requiring skilled professionals for accurate entry. Offshoring to Offshore Suppliers brings negative changes like cultural differences and political scenarios. Positive changes include increased productivity, promotions, and sales and marketing opportunities. Attrition and automation are major concerns, with AI technologies and Artificial Intelligence (AI) synthesizing data for BPaaS and BPS. Wages, freelancing, and economic scenarios also impact the market. Cloud computing and cloud technology offer solutions, but data security remains a challenge. Digital transformation, consumer buying behavior, data analytics, and digital marketing are key drivers. Economic and political scenarios, along with social scenarios, influence commercial development. Automation, AI, and edge computing are shaping the future of data entry outsourcing services. Subject-related expert advice is crucial for navigating these changes.

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Segment Overview 

This data entry outsourcing services market report extensively covers market segmentation by

Type 1.1 E-commerce products1.2 Invoices1.3 Customer orders1.4 Forms and documents1.5 OthersEnd-user 2.1 BFSI2.2 IT and telecom2.3 Manufacturing2.4 Healthcare2.5 OthersGeography 3.1 APAC3.2 North America3.3 South America3.4 Europe3.5 Middle East and Africa

1.1 E-commerce products-  The Data Entry Outsourcing Services Market continues to grow, with businesses increasingly turning to third-party providers for cost-effective and efficient data processing solutions. Outsourcing allows companies to focus on their core competencies while experts manage data entry tasks, ensuring accuracy and timeliness. This trend is driven by the availability of skilled labor and advanced technologies in countries like India and the Philippines. Outsourcing data entry services can lead to significant cost savings and improved productivity for businesses.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Data Entry Outsourcing Services Market is experiencing significant growth due to the increasing demand for data processing and analysis in various industries. IoT and AI technologies are driving the market by generating vast amounts of data that require entry and analysis. Business Process Services (BPS) and Business Process as a Service (BPaaS) models are gaining popularity for their cost-effective and efficient solutions. Automation and Artificial Intelligence (AI) are transforming data entry, making it faster and more accurate. Cloud computing provides easy access to data and tools for data entry and analysis. Freelancing platforms and Synthesis companies offer flexible and scalable solutions for businesses. IT and telecom, healthcare, commercial development, and consumer buying behavior are some sectors fueling the market’s growth. Data analytics is a crucial application area, enabling businesses to gain valuable insights from their data.

Market Research Overview

The Data Entry Outsourcing Services Market is experiencing significant growth due to various positive changes in economic, social, political, and technological scenarios. Business Process as a Service (BPaaS) and Business Process Outsourcing (BPS) companies are increasingly adopting cloud technology and artificial intelligence (AI) to automate data entry processes, enhancing productivity and reducing errors. However, attrition remains a challenge due to the availability of skilled professionals in the market and the rise of freelancing. AI technologies like Synthesis and Edge Computing are transforming data entry services, making them more efficient and secure. Consumer buying behavior and sales and marketing strategies are also influencing the market, with a growing focus on data analytics and data security. Negative changes, such as increasing wages in offshoring destinations and negative political scenarios, may pose challenges to the market. Subject-related expert advice and telemarketing are other areas where data entry outsourcing services are making a significant impact. Overall, the market is expected to continue growing, driven by the need for accurate and timely data processing in various industries, including healthcare and IoT.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeE-commerce ProductsInvoicesCustomer OrdersForms And DocumentsOthersEnd-userBFSIIT And TelecomManufacturingHealthcareOthersGeographyAPACNorth AmericaSouth AmericaEuropeMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Media advisory – Minister Champagne to confirm an investment in the Canadian telecommunications sector

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November 7, 2024

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OTTAWA, ON, Nov. 6, 2024 /CNW/ – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, will confirm an investment in 5G and advanced network technologies.

Date: Thursday, November 7, 2024

Time: 4 pm (EST)

Location: Ottawa, Ontario

Members of the media are asked to contact ISED Media Relations at media@ised-isde.gc.ca to receive event location details and confirm their attendance. Media representatives are asked to arrive 15 minutes before the start of the event.

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Miami-Dade Voters Overwhelmingly Support Countywide Free Public Wi-Fi Expansion Led by Commissioner Kionne L. McGhee

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November 7, 2024

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MIAMI, Nov. 6, 2024 /PRNewswire/ — In a landmark vote, over 776,000 Miami-Dade residents, or 76.72% of voters, voiced strong support for expanding free public Wi-Fi access across the county. Spearheaded by Miami-Dade Commissioner Kionne L. McGhee, this non-binding initiative signals widespread public backing for efforts to bridge the digital divide and create greater internet access for all residents.

Commissioner McGhee, who has a distinguished background in public service as an assistant prosecutor, author, adjunct professor, and former Minority Leader of the Florida House, has made digital equity a priority. “This initiative is about ensuring that every family, student, farmer, and senior citizen in Miami-Dade has access to the internet—a critical resource in today’s world,” McGhee said. “Expanding free public Wi-Fi would help close the gap for marginalized communities and create opportunities for economic mobility and generational wealth.”

Many families in Miami-Dade, especially in low-income and underserved areas, still lack reliable internet access. According to Miami-Dade County Public Schools, approximately 25% of students—about 88,000 children—do not have access to high-speed internet at home, a gap that impacts their ability to complete homework, attend virtual classes, and use online resources critical for educational success.

The county’s senior citizens are also among the most digitally underserved. AARP reports that 34% of seniors in the U.S. do not have internet access at home. For older adults, reliable internet is vital to accessing health information, staying in touch with family, and connecting with social services. As Miami-Dade’s population ages, ensuring that seniors have access to free public Wi-Fi will help combat social isolation and improve quality of life.

“From schoolchildren to seniors, every resident in Miami-Dade deserves equal access to the digital tools that define our daily lives,” McGhee said. “This isn’t just a technology issue—it’s a matter of equity and opportunity.”

Rural communities in Miami-Dade also face unique connectivity challenges. Farmers, for example, rely on the internet for essential agricultural technologies like precision farming, weather tracking, and market data. Yet, 22% of farms across the U.S. still lack reliable internet access, according to the USDA.

“Expanding public Wi-Fi to rural areas would allow our farmers to access the latest technologies and remain competitive,” McGhee explained. “A digitally connected agricultural sector benefits everyone in Miami-Dade County.”

Cities like New York, San Francisco, and Kansas City have already adopted free public Wi-Fi to promote digital inclusion and foster innovation. By expanding public Wi-Fi, Miami-Dade can join these pioneering communities, moving closer to becoming a world-class county where no resident is left behind in the digital age.

“Miami-Dade can’t reach its full potential as a world-class community without ensuring that every resident has the tools to thrive in the 21st century,” said McGhee. “Expanding free public Wi-Fi is about more than just convenience—it’s about giving families, students, seniors, and farmers the digital resources they need to succeed.”

Contact: Juanita Olvera, Juanita.olvera@miamidade.gov

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SOURCE Commissioner Kionne L. McGhee

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Statement – Government of Canada orders the wind up of TikTok Technology Canada, Inc. following a national security review under the Investment Canada Act

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November 7, 2024

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OTTAWA, ON, Nov. 6, 2024 /CNW/ – Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement:

“As a result of a multi-step national security review process, which involves rigorous scrutiny by Canada’s national security and intelligence community, the Government of Canada has ordered the wind up of  the Canadian business carried on by TikTok Technology Canada, Inc. The government is taking action to address the specific national security risks related to ByteDance Ltd.’s operations in Canada through the establishment of TikTok Technology Canada, Inc. The decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners.

“The government is not blocking Canadians’ access to the TikTok application or their ability to create content. The decision to use a social media application or platform is a personal choice. It is important for Canadians to adopt good cyber security practices and assess the possible risks of using social media platforms and applications, including how their information is likely to be protected, managed, used and shared by foreign actors, as well as to be aware of which country’s laws apply. The government encourages Canadians to consult the guidance issued by Communications Security Establishment Canada’s Canadian Centre for Cyber Security to help them assess these risks.

“The government’s decision was made in accordance with the Investment Canada Act, which allows for the review of foreign investments that may be injurious to Canada’s national security. The government applies enhanced scrutiny to investments that fall within the jurisdiction of the Investment Canada Act for a number of business sectors and activities, including the interactive digital media sector as outlined in the March 2024 Policy Statement on Foreign Investment Review in the Interactive Digital Media Sector.

“While Canada continues to welcome foreign direct investment, the government will act decisively when investments threaten our national security.”

Associated links

Policy Statement on Foreign Investment Review in the Interactive Digital Media SectorGuidelines on the National Security Review of InvestmentsProtect how you connect

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