Frost Radar™: Asia-Pacific Customer Experience Outsourcing Services, 2022

Information Technology Frost Radar™: Asia-Pacific Customer Experience Outsourcing Services, 2022

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
23-Dec-2022
REGION
Asia Pacific
Deliverable Type
Frost Radar
Research Code: PDDB-01-00-00-00
SKU: IT04655-AP-MR_27346
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IT04655-AP-MR_27346

Frost Radar™: Asia-Pacific Customer Experience Outsourcing Services, 2022
Published on: 23-Dec-2022 | SKU: IT04655-AP-MR_27346

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Organizations across the board realize the significance of delivering excellent customer service as a competitive differentiator. Customer experience (CX) outsourcing services play an increasingly vital role in building a robust end-to-end customer journey as customer-centricity takes center stage. Providing contextual, proactive, seamless, and personalized experiences is imperative for staying competitive and relevant in their market. This shift brings greater attention and investment opportunities to the CX outsourcing services market.

The CX industry is increasingly more tech-intensive as advanced technology solutions create seamless and effortless CX while reducing costs across front- and back-end operations. The complexity of deploying technologies has led organizations to partner with CX outsourcing service providers to redesign their legacy contact centers and create digitally enabled intelligent customer engagement hubs.

The CX outsourcing services landscape is mature and highly fragmented, with global, regional, and local outsourcing service providers vying for an opportunity. The market saw an influx of leading global BPOs, traditional IT services, traditional CX outsourcing, and pure-play digital service providers. Global players are exploring growth opportunities by acquiring regional and local service providers or setting up their own offices in the region. In a field of more than 200 global and local industry participants, including more than a dozen smaller companies that either are exploring the market or have recently entered it, Frost & Sullivan identified 23 companies as the market powerhouses for this Frost Radar™ analysis. Alorica, Concentrix, Everise, Firstsource, Genpact, Hexaware, Hinduja Global Solutions (HGS), HKT Teleservices, Infosys BPM, Majorel, PROBE Group, Relia Group, Sitel Group®, Startek, Sutherland Global Services, TDCX, Tech Mahindra, Teleperformance, TELUS International, Transcom, transcosmos, TTEC, and Webhelp.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles of each company in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Author: Sherrel Roche

The Strategic Imperative

The Strategic Imperative (continued)

The Growth Environment

The Growth Environment (continued)

The Growth Environment (continued)

Frost Radar™: Asia-Pacific Customer Experience Outsourcing Services Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Alorica

Concentrix

Everise

Firstsource

Genpact

Hexaware

Hinduja Global Solutions

HKT Teleservices

Infosys BPM

Majorel

PROBE Group

Relia Group

Sitel Group®

Startek®

Sutherland Global Services

TDCX

Tech Mahindra

Teleperformance (TP)

TELUS International

Transcom

transcosmos

TTEC

Webhelp

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

Organizations across the board realize the significance of delivering excellent customer service as a competitive differentiator. Customer experience (CX) outsourcing services play an increasingly vital role in building a robust end-to-end customer journey as customer-centricity takes center stage. Providing contextual, proactive, seamless, and personalized experiences is imperative for staying competitive and relevant in their market. This shift brings greater attention and investment opportunities to the CX outsourcing services market. The CX industry is increasingly more tech-intensive as advanced technology solutions create seamless and effortless CX while reducing costs across front- and back-end operations. The complexity of deploying technologies has led organizations to partner with CX outsourcing service providers to redesign their legacy contact centers and create digitally enabled intelligent customer engagement hubs. The CX outsourcing services landscape is mature and highly fragmented, with global, regional, and local outsourcing service providers vying for an opportunity. The market saw an influx of leading global BPOs, traditional IT services, traditional CX outsourcing, and pure-play digital service providers. Global players are exploring growth opportunities by acquiring regional and local service providers or setting up their own offices in the region. In a field of more than 200 global and local industry participants, including more than a dozen smaller companies that either are exploring the market or have recently entered it, Frost & Sullivan identified 23 companies as the market powerhouses for this Frost Radar™ analysis. Alorica, Concentrix, Everise, Firstsource, Genpact, Hexaware, Hinduja Global Solutions (HGS), HKT Teleservices, Infosys BPM, Majorel, PROBE Group, Relia Group, Sitel Group®, Startek, Sutherland Global Services, TDCX, Tech Mahindra, Teleperformance, TELUS International, Transcom, transcosmos, TTEC, and Webhelp. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles of each company in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. Author: Sherrel Roche
More Information
Deliverable Type Frost Radar
Author Sherrel Roche
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 CX outsourcing services
Keyword 2 CX industry
Keyword 3 Customer experience (CX) outsourcing services
Podcast No
WIP Number PDDB-01-00-00-00