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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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SOURCE Technavio

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ZKH Group Limited to Announce First Quarter 2026 Financial Results on Thursday, May 21, 2026

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SHANGHAI, May 7, 2026 /PRNewswire/ — ZKH Group Limited (“ZKH” or the “Company”) (NYSE: ZKH), a leading maintenance, repair and operations (“MRO”) procurement service platform in China, today announced that it will release its unaudited financial results for the first quarter 2026, on Thursday, May 21, 2026, before the open of the U.S. markets.

The Company’s management will hold an earnings conference call on Thursday, May 21, 2026 at 7:00 A.M. U.S. Eastern Time (7:00 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States (toll free):

+1-888-317-6003

International:

+1-412-317-6061

Mainland China (toll free):

400-120-6115

Hong Kong (toll free):

800-963-976

Hong Kong:

+852-5808-1995

Access Code:

2335796

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until May 28, 2026:

United States:

+1-855-669-9658

International:

+1-412-317-0088

Replay Access Code:

6840038

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at https://ir.zkh.com.

About ZKH Group Limited

ZKH Group Limited (NYSE: ZKH) is a leading MRO procurement service platform in China, underpinned by robust supply chain capabilities and dedicated to serving customers globally through a product-led, agentic AI-driven approach. Through its primary online platforms, the ZKH platform, the GBB platform and the Northsky platform, along with innovative technology and extensive industry expertise, the Company provides bespoke MRO procurement solutions to a diverse and loyal customer base. These solutions encompass hyper-personalized product curation from a comprehensive selection of quality products at competitive prices. Additionally, the Company ensures timely and reliable product delivery through professional fulfillment services. By focusing on reducing procurement costs and addressing management efficiency challenges, ZKH is transforming the opaque MRO procurement process and empowering all stakeholders across the value chain.

For more information, please visit: https://ir.zkh.com.

For investor and media inquiries, please contact:

ZKH Group Limited
IR Department
E-mail: IR@zkh.com

Christensen Advisory
Email: zkh@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/zkh-group-limited-to-announce-first-quarter-2026-financial-results-on-thursday-may-21-2026-302765384.html

SOURCE ZKH Group Limited

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Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America Join LTX in Bid to Unlock Greater Liquidity in Corporate Bonds

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Broadridge-backed LTX to add Representatives from J.P. Morgan and TD Securities to its Board of Directors

NEW YORK, May 7, 2026 /PRNewswire/ — LTX, an AI-powered corporate bond e-trading venue backed by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that Goldman Sachs, J.P. Morgan, TD Securities (through its subsidiary, TD Financial Products LLC), Morgan Stanley, and Bank of America have joined LTX as fully integrated liquidity providers. This major milestone underscores the participants’ commitment to serving buy-side clients by delivering increased choice and improving liquidity in fixed income markets. J.P. Morgan and TD Securities will each appoint a representative to LTX’s Board of Directors.

The AI-powered LTX corporate bond e-trading platform offers investors access to a suite of innovative trading tools including the award-winning BondGPTSM solution. These leading dealers will provide investment grade and high yield bond liquidity on the platform, joining 40+ liquidity providers and 100+ buy-side investors already on LTX.

Patrick Whelan, Global Head of FICC Digital Markets at JP Morgan, said, “In a competitive market, we’re committed to supporting new entrants and fostering greater competition in the US credit multi-dealer platform landscape. Our collaboration with LTX leverages innovative technology to broaden investor access, enhance liquidity, and streamline execution—empowering clients with more choice and driving industry advancement.”

“We’ve been impressed by LTX’s commitment to deliver innovative execution and artificial intelligence solutions to both sell-side and buy-side participants,” said Marty Mannion, Co-Head of TD Financial Products.  “We are excited to enter into this strategic partnership and accelerate these efforts to drive greater efficiencies in the corporate bond market.”

“We are excited to welcome these five leading dealers as fully integrated liquidity providers and look forward to working with them to drive increased liquidity and execution in the fixed income marketplace,” said Chris Perry, President of Broadridge. “Broadridge’s commitment to helping our clients innovate and grow through cost effective technology solutions is further reinforced by the inclusion of these premier institutions. I’m also excited to welcome J.P. Morgan and TD Bank to the Board of LTX.”

“We’re thrilled to be working with Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America as liquidity providers on LTX,” said Jim Kwiatkowski, CEO of LTX. “The combination of LTX’s innovative trading tools and AI-powered workflows with the deep liquidity and market expertise of these leading institutions positions us to help transform corporate bond trading. Together, we are unlocking liquidity, optimizing efficiency, and helping drive down trading costs for the market. It’s an exciting time for LTX, for our growing list of buyside clients, and for the future of corporate bond trading.”

Backed by Broadridge, LTX was created to address corporate bond market challenges that have slowed the growth in adoption of electronic trading compared to other markets by offering certain benefits. These include facilitating essential dealer-client relationships, lower trading and data costs, and better e-trading options for large sized trades. Partnering with some of the leading market participants, LTX is uniquely positioned to address these industry pain points by using patented AI and execution protocols to deliver improved liquidity at a lower cost, while facilitating relationships between dealers and buy-side clients through direct, fully disclosed trading. The addition of these liquidity providers underscores LTX’s position as a dynamic marketplace for buy- and sell-side corporate bond market participants.

LTX’s latest  innovation, BondGPT Intelligence, brings GenAI-powered insights directly into investing and trading workflows, anticipating traders’ needs and helping them identify opportunities and execute trades more efficiently. Using patented technology for the methods and systems behind BondGPT including the large language model (LLM) orchestration of machine learning agents, these milestones build on LTX’s legacy of harnessing innovation to further electronify the corporate bond market and reinforce Broadridge’s commitment to advancing intelligent trading solutions.

About LTX
LTX is an electronic trading platform that enables corporate bond market participants to trade smarter, combining powerful, patented artificial intelligence with innovative e-trading protocols to improve liquidity, efficiency, and execution. The Liquidity Cloud is LTX’s secure network of actionable disclosed sell-side axes and anonymous buy-side indications of interest (IOIs). LTX leverages Broadridge Business Process Outsourcing, LLC as its broker dealer.

For more information about LTX, please visit www.ltxtrading.com.

About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com 

Broadridge Contacts:

Investors:
broadridgeir@broadridge.com           
Media:
Gregg.Rosenberg@broadridge.com 

 

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SOURCE Broadridge Financial Solutions, Inc.

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Electric Era Teams with WEX to Drive Customers and Revenue to Retail-Based Charging Locations

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SEATTLE, May 7, 2026 /PRNewswire/ — Electric Era, America’s leading retail-first EV charging company, today announced the addition of WEX® fleet payment processing services to their retail-based EV fast charging systems across the U.S.

Adding WEX fleet cards as a payment option underscores Electric Era’s unique strategy to design DC fast charging systems that function as marketing platforms for retailers to draw-in customers to grow sales revenues. With WEX, Electric Era’s chargers are available to WEX Fleet EV drivers to use at prominent fuel retailers in the Skycharger Network, Plaid Pantry and Space Age locations, and will be rolling out across Electric Era stations at Love’s Travel Stops, Giant Eagle and more soon.

“Our vision is to make EV charging as ubiquitous as traditional petroleum fueling with equally dependable charging stations located in safe, accessible locations to drive traffic and revenues to retail and food establishments,” said Quincy Lee, Electric Era CEO and founder. “By adding WEX, we’re creating new opportunities to drive even more store traffic to our retail customers, while simplifying payment processing for EV drivers and fleet operators.”

With the addition of WEX, commercial EV drivers will be able to use their WEX EV RFID or WEX DriverDash® mobile app to charge at Electric Era EV charging sites, and utilize WEX’s proprietary payment network to process payments, while simultaneously capturing charging data, driver ID, locations and vehicle mileage. This allows fleet managers to simplify billing, controls and expense tracking for both their electric-powered and internal combustion engine (ICE) fleet vehicles simultaneously.

“We’re focused on making mixed-energy fleet management seamless for fleet operators, and this is an important step toward making that happen,” said Sarah Booth, senior director, WEX Connected Fleet. “This collaboration with Electric Era adds reliable, retail adjacent EV fast charging to our growing network and will help our customers efficiently manage both electric and traditional fueled vehicles within a single account.”

Simple and easy to use, Electric Era’s EV chargers are available to all EV drivers and do not require special apps or accounts to use them. Simply tap a valid credit, debit or – and now a WEX RFID card – to pay for charging. EV fleet drivers can also pay via the WEX DriverDash mobile app.

A Retail-First EV Charging Platform
Founded by a SpaceX engineer, Electric Era reimagines high-power EV charging systems from the ground up to break down the barriers to rapid deployment of highly reliable DC fast charging systems. To make level-3 DC fast charging a profitable, market-driven solution, Electric Era designed their chargers specific for retail businesses to leverage retail adjacency and utilize the charging kiosks as an extension of company brand and retail space.

Electric Era’s patented battery-backed power architecture and energy management system enables their chargers to be installed as fast as 60-days, while delivering 400 kW max charge output with 99.8% per-port reliability – the new industry standard.

To help convenience stores and fuel retailers leverage the unique revenue-driving opportunities of DC fast charging systems, Electric Era provides complete start-to-finish, turn-key installations of their retailer-branded chargers – including successfully coordinating grant funding that reduces upfront CapEx costs to de-risk deployments and generate faster ROI.

About Electric Era
Electric Era is the only full-service EV charging solutions provider focused on the rapid deployment of highly reliable Level-3 DCFC systems at retail locations to grow and extend their retail space. Electric Era’s patented battery-backed charging architecture and bespoke, retail-first charging solutions deliver industry-leading power and reliability in a package that dramatically reduces installation time and energy costs.

For more information and the latest Electric Era updates, go to electricera.tech or follow us on
X: @ElectricEraTech LinkedIn: Electric-Era Facbook: ElectricEraTechnologies and YouTube: electricera.tech

SIDEBAR

HED: Electric Era + WEX® Opening Doors to Fleet Productivity and Retail Opportunities

As transportation-centric businesses accelerate EV adoption to reduce carbon emissions and lower operating costs, the Electric Era + WEX alliance enables fleet operators to:

Simplify company/driver-specific dashboards to simultaneously track both petro-fuel and electric charging platformsTrack EV specific expenses as a line item in familiar report formats – with similar levels of oversight and control as petroleum refuelingAllow retailers to gain access to WEX’s customer base to help attract new customers and increase store traffic for additional retail revenuesOpens the door to future QSR/fuel retailer loyalty program offerings via Electric Era’s EV charging systemsFurther strengthens Electric Era’s retail-first EV charging systems for retail and QSR/refueling locations and leader in public/private funded installations

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SOURCE Electric Era

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