Business Support Services in Mexico - Industry Market Research Report

Strictly business: The strengthening of the Mexican economy will cause industry revenue to increase

Business Support Services in Mexico
The Business Support Services industry in Mexico has experienced positive trends over the five years to 2019. Industry growth has largely been attributed to the increasing strength of the Mexican economy. For example, both the GDP of Mexico and consumer spending have expanded over the past five years. Industry revenue is largely based on the strength of the economy because, as the economy improves, businesses have more money to invest in industry services. However, while revenue has grown over the past five years, the has been some volatility brought on by fluctuations in private investment. Furthermore, the low cost of labor in Mexico has further benefited the industry over the past five years. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue rising. While changes to US regulation surrounding outsourcing could affect industry revenue during the outlook period, any regulation would likely slow growth only slightly. This industry comprises establishments dedicated primarily to providing a variety of business support services, such as document preparation, telemarketing, photocopying, debt collection, financial solvency research, faxing and other secretarial support services. Operating telephone booths and pay phones and providing access to computers is also included in this industry. The industry excludes fast printing and telemarketing combined with sales. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.