Frost & Sullivan: Favorable Business Climate Offers Opportunities for Contact Center Outsourcing in Colombia and Peru
Outsourcing deals from other Latin American countries and North America to increase
BUENOS AIRES, Argentina, Feb. 7, 2013 /PRNewswire/ -- Colombia and Peru are becoming key regional business hubs fueled by their economic stability, thereby increasing investments from global participants and enhancing the scope of the contact center outsourcing services market. While contact center outsourcing demand in Colombia will come from the domestic market, the telecom vertical will continue to dominate the market in Peru.
New analysis from Frost & Sullivan (http://www.contactcenter.frost.com), Analysis of the Colombian and Peruvian Contact Center Outsourcing Services Markets, finds that the market in Colombia earned revenues of more than $844.9 million in 2012 and estimates this to reach $2,323.5 million in 2019 at a compound annual growth rate (CAGR) of 15.5 percent. The market in Peru earned revenues of more than $364.5 million in 2012 and is this expected to reach $924.9 million in 2019 at a CAGR of 14.2.
Governments in Colombia and Peru have established incentivized policies within the business process outsourcing industry, encouraging investments in the contact center outsourcing market. Administrations' recognition of contact center service providers as qualified employers has also spurred market growth in both countries.
"The expansion of existing companies, along with the entry of global businesses, has offered growth opportunities for call center service providers who are looking to provide specialized BPO services such as financial consulting, software development and payroll administration to boost revenues," said Frost & Sullivan ICT Research Analyst Martin Ramirez.
The young and qualified workforce in Colombia and Peru enables vendors to offer efficient services, improve competitiveness and expand their consumer base. In addition, the outsourcing industry lacks of dedicated union forces, encouraging a pro-business atmosphere.
The escalating popularity of social media will create demand for new solutions that enable companies to interact with customers through those mediums, generating further opportunities in both countries.
"Nevertheless, the market continues to rely on traditional interactions, with back-office interactions projected to grow higher than inbound and outbound ones," noted Ramirez. "There is also an increasing need to move away from basic processes and provide value-added contact center services."
With Spanish companies that send offshore services hit by double taxation costs in Peru, deals from Latin America and America are expected to increase.
If you are interested in more information on this research, please send an email to Francesca Valente, Corporate Communications, at email@example.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Analysis of the Colombian and Peruvian Contact Center Outsourcing Services Markets is part of the Contact Centers & CRM Growth Partnership Service program. Frost & Sullivan's related research services include: Argentinean and Chilean Contact Center Outsourcing Services Market, CRM BPO and Contact Center Outsourcing Services Market in Brazil, Latin American Contact Center Applications Markets, Mexico, Central America and Caribbean Contact Center Outsourcing Markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Analysis of the Colombian and Peruvian Contact Center Outsourcing Services Markets
Corporate Communications – Latin America
P: +54 11 4777 5300
F: +54 11 4777 5300
SOURCE Frost & Sullivan
More by this Source
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.