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Offshore Outsourcing to Pakistan is the value-added key differentiator you should consider when choosing an Asian Outsourcing destination in 2021-2022. Merely considering the ever-expanding IT industry : The IT GlobalOutsourcing market segment is projected to reach a revenue of $359,462.8m – Statista.
Government support. The government has been an integral part of the BPO success in the country. In Thailand, outsourcing providers strictly follow the policy of anonymity through their non-disclosure agreements. It was in 2019 when Thailand put the Personal Data Protection Act in place. Thailand, according to A.T.
According to Statista (paywall), the globaloutsourcing market earned $85.6 billion in 2018 and significantly more in 2019. These statistics predict a megatrend that will reshape the outsourcing market. . Filipino government offers incentives for foreign investors. Strong data security regulations.
It contributed $26-Billion in the country’s GDP in 2019 alone. The Philippine government imposed lock downs to curb the pandemic. World class and globally competitive. That roots its place in the globaloutsourcing market. To address such risk, Magellan Solutions followed government imposed safety health protocols.
Earlier in this series, we looked at different outsourcing models—nearshore, offshore, onshore—along with the pros and cons that come with each option. Eastern Europe is home to some of the world’s top outsourcing countries and is known for providing companies based in Western Europe, the UK, and the US with top talent at competitive rates.
Countries compete daily to make its mark in the globaloutsourcing market. Proving the huge market share of outsourcing in the Philippines is that it accounted for the $26 Billion contribution in the country’s GDP in 2019 alone. . Global Literacy Rate: 59th in world rankings and 12th in Latin America.
Every country is governed by a legal system where the government has several laws that govern the society and the functional businesses. Many companies have had to pay heavy fines because of global non-compliance. There is also a possibility that you and your payroll outsourcing partner do not communicate consistently.
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