This report was recently updated on April 27 2024 with the latest and most recent
market numbers
Global Financial Accounting Business Process Outsourcing (BPO) Market Size, Trends & Analysis - Forecasts to 2028 By Service Type (Order-to-cash, Procure-to-cay, Record-to-report, Source-to-pay, and Multi-processed), By Enterprise Size (Small & Medium-sized, and Large-sized), By Industry Verticals (BFSI, Healthcare, IT & Telecom, Retail & E-Commerce, Media & Entertainment, and Other Verticals) and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
The global financial accounting business process outsourcing market is expected to grow at a CAGR of 9.2% from 2023 to 2028. Financial accounting BPO is outsourcing a company's accounting and financial activities to a third-party service provider. This can involve bookkeeping, accounts payable/receivable, financial reporting, payroll, tax preparation, and other duties. The financial accounting BPO market has grown gradually over the years, owing to a variety of factors such as the demand for cost savings, better efficiency, and access to specialised knowledge. The COVID-19 epidemic has also increased the trend towards outsourcing, as businesses seek to simplify processes and focus on essential business responsibilities. The financial accounting BPO industry has been quickly expanding as a result of cost reduction and greater efficiency. Outsourcing finance and accounting services may help businesses save money on human and technology costs while also improving financial reporting accuracy and punctuality. Companies can also hire specialists with the abilities and experience to tackle difficult financial duties.
The demand for cost reduction is a major driver of the financial accounting BPO industry. Companies that outsource financial and accounting services to a third-party service provider can save money on manpower and technology costs while improving the accuracy and speed of their financial reporting. This is especially useful for small and medium-sized enterprises that may lack the capacity to conduct their financial activities in-house. Outsourcing financial and accounting services can also help organisations improve their efficiency. Third-party service providers offer the experience and technology to do these jobs more efficiently, allowing businesses to save time and increase overall productivity. This is especially useful for firms that want to grow fast or have sophisticated financial processes.
Data security issues are a major impediment to the financial accounting BPO business. Outsourcing financial and accounting processes to a third-party service provider might raise the risk of data breaches and other security problems. This may be a major issue for businesses that operate in highly regulated industries or handle sensitive financial data. Another significant problem for businesses that outsource their financial and accounting services is maintaining quality control. Third-party service providers may not always adhere to the same quality standards as internal workers, which might result in financial reporting mistakes or inaccuracies. This may be especially difficult for publicly listed firms or those operating in highly regulated industries, which need a high level of accuracy in their financial reporting.
Based on service type, the global financial accounting business process outsourcing market is divided into order-to-cash, procure-to-pay, record-to-report, source-to-pay, and multi-processed. The order-to-cash is expected to be the largest segment during the forecast period. Order-to-cash processes and activities include receiving and fulfilling consumer requests for products and services. It has an influence on all corporate activities, including inventory management, supply chain management, and labor. Furthermore, O2C operations affect the company's cash inflow and working capital. Aside from increased cash flow, the key benefits of optimising the O2C process are improved customer experience, cost reductions, and revenue creation.
Based on enterprise size, the market is divided into small & medium-sized enterprises and large-sized enterprises. The large-sized enterprises is expected to be the largest segment during the forecast period. Large-sized enterprises include companies with more than 500 workers. Across several areas, large institutions are collaborating with different BPO service providers to boost cost effectiveness and simplicity of client management. Furthermore, BPO enables major organisations to refocus on their main business operations in order to provide additional value to their consumers.
Based on industry verticals, the market divided into BFSI, retail & e-commerce, media & entertainment, healthcare, IT & Telecom and other verticals. The BFSI is expected to be the largest segment during the forecast period. BPO is a critical component of BFSI business models that serve many financial sectors such as phone banking, customer support, asset management, and investment management, among others. The expanding digitalization of services in the BFSI business, as well as the increased emphasis on personalised services, has necessitated the need for service providers to optimise data management, increase customer value, and expand cross-selling opportunities. This has resulted in increasing use of financial and accounting BPO services in the BFSI industry, which is expected to fuel segment growth during the projected period.
North America is analysed to be the largest region in the global financial accounting business process outsourcing market during the forecast period. North America has a thriving finance and accounting business, with many big corporations turning to outsourcing to save costs and enhance efficiency. Because of its high level of technology adoption, North America makes it easier for businesses to outsource their financial and accounting tasks to a third-party service provider. Furthermore, due to the strong regulatory framework for financial and accounting responsibilities in North America, there is a significant demand for precise and trustworthy financial reporting.
Asia Pacific is analysed to be the fastest growing region across the global financial accounting business process outsourcing market with a CAGR of over 10.5%. The APAC region's economy is rapidly growing, and many organizations are trying to expand their operations and enhance their financial reporting. As a result, there is a considerable demand in the region for financial accounting BPO services. The APAC area boasts a huge and diversified market, as well as a trained workforce that is less expensive than in other regions. Governments in the region promote outsourcing and have put rules in place to make it simpler for businesses to outsource their financial and accounting activities. Regional technological improvements have made it simpler for businesses to outsource their financial and accounting responsibilities to third-party service providers.
The key players operating in the market are Accenture, Infosys Limited, HCL Technologies Limited, Wipro Limited, Capgemini, Sutherland, IBM Corporation, Tata Consultancy Services Limited, Genpact, and Fiserv, Inc., among others. The global Financial Accounting Business Process Outsourcing market has observed several strategic alliances between companies to launch new products with added functionalities and maintain revenue share & profitability. Organic and inorganic growth strategies adopted by small players have been the highlight of this market.
Please note: This is not an exhaustive list of companies profiled in the report.
1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS
1.1 Strategic Opportunity & Attractiveness Analysis
1.1.1 Hot Revenue Pockets
1.1.2 Market Attractiveness Score
1.1.3 Revenue Impacting Opportunity
1.1.4 High Growing Region/Country
1.1.5 Competitor Analysis
1.1.6 Consumer Analysis
1.2 Global Market Estimates' View
1.3 Strategic Insights across Business Functions
1.3.1 For Chief Executive Officers
1.3.2 For Chief Marketing Officers
1.3.3 For Chief Strategy Officers
1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into
2 TECHNOLOGICAL TRENDS
2.1 Technological Adoption Rate
2.2 Current Trend Impact Analysis
2.3 Future Trend Impact Analysis
2.4 Data Metrics on Feed Stocks
3 GLOBAL MARKET OUTLOOK
3.1 Market Pyramid Analysis
3.1.1 Introduction
3.1.2 Adjacent Market Opportunities
3.1.3 Ancillary Market Opportunities
3.2 Demand Side Analysis
3.2.1 Market Drivers: Impact Analysis
3.2.2 Market Restraints: Impact Analysis
3.2.3 Market Opportunities: Impact Analysis
3.2.4 Market Challenges: Impact Analysis
3.3 Supply Side Analysis
3.3.1 Porter’s Five Forces Analysis
3.3.1.1 Threat of New Entrants
3.3.1.2 Threat of New Substitutes
3.3.1.3 Bargaining Power of Suppliers
3.3.1.4 Bargaining Power of Buyers
3.3.1.5 Intensity of Competitive Rivalry
3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)
3.3.2.1 Political Landscape
3.3.2.2 Economic Landscape
3.3.2.3 Social Landscape
3.3.2.4 Technology Landscape
3.3.3 Value Chain Analysis
3.3.4 Trend Analysis
3.3.5 Gap Analysis
3.3.6 Cost Analysis
4 GLOBAL FINANCIAL ACCOUNTING BUSINESS PROCESS OUTSOURCING MARKET, BY SERVICE TYPE
4.1 Introduction
4.2 Financial Accounting Business Process Outsourcing Market: Service Type Scope Key Takeaways
4.3 Revenue Growth Analysis, 2022 & 2028
4.4 Order-to-cash
4.4.1 Order-to-cash Market Estimates and Forecast, 2020-2028 (USD Million)
4.5 Procure-to-pay
4.5.1 Procure-to-pay Market Estimates and Forecast, 2020-2028 (USD Million)
4.6 Source-to-pay
4.7.1 Source-to-pay Market Estimates and Forecast, 2020-2028 (USD Million)
4.7 Record-to-Report
4.7.1 Record-to-report Market Estimates and Forecast, 2020-2028 (USD Million)
4.7 Multi-processed
4.7.1 Multi-processed Market Estimates and Forecast, 2020-2028 (USD Million)
5 GLOBAL FINANCIAL ACCOUNTING BUSINESS PROCESS OUTSOURCING MARKET, BY ENTERPRISE SIZE
5.1 Introduction
5.2 Financial Accounting Business Process Outsourcing Market: Enterprise Size Scope Key Takeaways
5.3 Revenue Growth Analysis, 2022 & 2028
5.4 Small & Medium-sized
5.4.1 Small & Medium-sized Market Estimates and Forecast, 2020-2028 (USD Million)
5.5 Large-sized
5.5.1 Large-sized Market Estimates and Forecast, 2020-2028 (USD Million)
6 GLOBAL FINANCIAL ACCOUNTING BUSINESS PROCESS OUTSOURCING MARKET, BY INDUSTRY VERTICALS
6.1 Introduction
6.2 Financial Accounting Business Process Outsourcing Market: Industry Verticals Scope Key Takeaways
6.3 Revenue Growth Analysis, 2022 & 2028
6.4 Business, Financial Services & Insurance (BFSI)
6.4.1 Business, Financial Services & Insurance (BFSI) Market Estimates and Forecast, 2020-2028 (USD Million)
6.5 Retail & E-commerce
6.5.1 Retail & E-commerce Market Estimates and Forecast, 2020-2028 (USD Million)
6.6 Media & Entertainment
6.7.1 Media & Entertainment Market Estimates and Forecast, 2020-2028 (USD Million)
6.7 IT & Telecom
6.7.1 IT & Telecom Market Estimates and Forecast, 2020-2028 (USD Million)
6.7 Other Verticals
6.7.1 Other Verticals Market Estimates and Forecast, 2020-2028 (USD Million)
7 GLOBAL FINANCIAL ACCOUNTING BUSINESS PROCESS OUTSOURCING MARKET, BY REGION
7.1 Introduction
7.2 North America Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.2.1 By Service Type
7.2.2 By Enterprise Size
7.2.3 By Industry Verticals
7.2.4 By Country
7.2.4.1 U.S. Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.2.4.1.1 By Service Type
7.2.4.1.2 By Enterprise Size
7.2.4.1.3 By Industry Verticals
7.2.4.2 Canada Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.2.4.2.1 By Service Type
7.2.4.2.2 By Enterprise Size
7.2.4.2.3 By Industry Verticals
7.2.4.3 Mexico Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.2.4.3.1 By Service Type
7.2.4.3.2 By Enterprise Size
7.2.4.3.3 By Industry Verticals
7.3 Europe Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.1 By Service Type
7.3.2 By Enterprise Size
7.3.3 By Industry Verticals
7.3.4 By Country
7.3.4.1 Germany Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.4.1.1 By Service Type
7.3.4.1.2 By Enterprise Size
7.3.4.1.3 By Industry Verticals
7.3.4.2 U.K. Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.4.2.1 By Service Type
7.3.4.2.2 By Enterprise Size
7.3.4.2.3 By Industry Verticals
7.3.4.3 France Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.4.3.1 By Service Type
7.3.4.3.2 By Enterprise Size
7.3.4.3.3 By Industry Verticals
7.3.4.4 Italy Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.4.4.1 By Service Type
7.3.4.4.2 By Enterprise Size
7.2.4.4.3 By Industry Verticals
7.3.4.5 Spain Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.4.5.1 By Service Type
7.3.4.5.2 By Enterprise Size
7.2.4.5.3 By Industry Verticals
7.3.4.6 Netherlands Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.4.7.1 By Service Type
7.3.4.7.2 By Enterprise Size
7.2.4.7.3 By Industry Verticals
7.3.4.7 Rest of Europe Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.3.4.7.1 By Service Type
7.3.4.7.2 By Enterprise Size
7.2.4.7.3 By Industry Verticals
7.4 Asia Pacific Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.1 By Service Type
7.4.2 By Enterprise Size
7.4.3 By Industry Verticals
7.4.4 By Country
7.4.4.1 China Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.1.1 By Service Type
7.4.4.1.2 By Enterprise Size
7.4.4.1.3 By Industry Verticals
7.4.4.2 Japan Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.2.1 By Service Type
7.4.4.2.2 By Enterprise Size
7.4.4.2.3 By Industry Verticals
7.4.4.3 India Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.3.1 By Service Type
7.4.4.3.2 By Enterprise Size
7.4.4.3.3 By Industry Verticals
7.4.4.4 South Korea Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.4.1 By Service Type
7.4.4.4.2 By Enterprise Size
7.4.4.4.3 By Industry Verticals
7.4.4.5 Singapore Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.5.1 By Service Type
7.4.4.5.2 By Enterprise Size
7.4.4.5.3 By Industry Verticals
7.4.4.6 Malaysia Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.7.1 By Service Type
7.4.4.7.2 By Enterprise Size
7.4.4.7.3 By Industry Verticals
7.4.4.7 Thailand Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.7.1 By Service Type
7.4.4.7.2 By Enterprise Size
7.4.4.7.3 By Industry Verticals
7.4.4.8 Indonesia Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.8.1 By Service Type
7.4.4.8.2 By Enterprise Size
7.4.4.8.3 By Industry Verticals
7.4.4.9 Vietnam Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.9.1 By Service Type
7.4.4.9.2 By Enterprise Size
7.4.4.9.3 By Industry Verticals
7.4.4.10 Taiwan Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.10.1 By Service Type
7.4.4.10.2 By Enterprise Size
7.4.4.10.3 By Industry Verticals
7.4.4.11 Rest of Asia Pacific Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.4.4.11.1 By Service Type
7.4.4.11.2 By Enterprise Size
7.4.4.11.3 By Industry Verticals
7.5 Middle East and Africa Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.5.1 By Service Type
7.5.2 By Enterprise Size
7.5.3 By Industry Verticals
7.5.4 By Country
7.5.4.1 Saudi Arabia Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.5.4.1.1 By Service Type
7.5.4.1.2 By Enterprise Size
7.5.4.1.3 By Industry Verticals
7.5.4.2 U.A.E. Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.5.4.2.1 By Service Type
7.5.4.2.2 By Enterprise Size
7.5.4.2.3 By Industry Verticals
7.5.4.3 Israel Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.5.4.3.1 By Service Type
7.5.4.3.2 By Enterprise Size
7.5.4.3.3 By Industry Verticals
7.5.4.4 South Africa Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.5.4.4.1 By Service Type
7.5.4.4.2 By Enterprise Size
7.5.4.4.3 By Industry Verticals
7.5.4.5 Rest of Middle East and Africa Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.5.4.5.1 By Service Type
7.5.4.5.2 By Enterprise Size
7.5.4.5.2 By Industry Verticals
7.6 Central & South America Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.7.1 By Service Type
7.7.2 By Enterprise Size
7.7.3 By Industry Verticals
7.7.4 By Country
7.7.4.1 Brazil Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.7.4.1.1 By Service Type
7.7.4.1.2 By Enterprise Size
7.7.4.1.3 By Industry Verticals
7.7.4.2 Argentina Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.7.4.2.1 By Service Type
7.7.4.2.2 By Enterprise Size
7.7.4.2.3 By Industry Verticals
7.7.4.3 Chile Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.7.4.3.1 By Service Type
7.7.4.3.2 By Enterprise Size
7.7.4.3.3 By Industry Verticals
7.7.4.4 Rest of Central & South America Financial Accounting Business Process Outsourcing Market Estimates and Forecast, 2020-2028 (USD Million)
7.7.4.4.1 By Service Type
7.7.4.4.2 By Enterprise Size
7.7.4.4.3 By Industry Verticals
8 COMPETITIVE LANDCAPE
8.1 Company Market Share Analysis
8.2 Four Quadrant Positioning Matrix
8.2.1 Market Leaders
8.2.2 Market Visionaries
8.2.3 Market Challengers
8.2.4 Niche Market Players
8.3 Vendor Landscape
8.3.1 North America
8.3.2 Europe
8.3.3 Asia Pacific
8.3.4 Rest of the World
8.4 Company Profiles
8.4.1 IBM Corporation
8.4.1.1 Business Description & Financial Analysis
8.4.1.2 SWOT Analysis
8.4.1.3 Products & Services Offered
8.4.1.4 Strategic Alliances between Business Partners
8.4.2 Accenture
8.4.2.1 Business Description & Financial Analysis
8.4.2.2 SWOT Analysis
8.4.2.3 Products & Services Offered
8.4.2.4 Strategic Alliances between Business Partners
8.4.3 Wipro Limited
8.4.3.1 Business Description & Financial Analysis
8.4.3.2 SWOT Analysis
8.4.3.3 Products & Services Offered
8.4.3.4 Strategic Alliances between Business Partners
8.4.4 Infosys Limited
8.4.4.1 Business Description & Financial Analysis
8.4.4.2 SWOT Analysis
8.4.4.3 Products & Services Offered
8.4.4.4 Strategic Alliances between Business Partners
8.4.5 HCL Technologies Limited
8.4.5.1 Business Description & Financial Analysis
8.4.5.2 SWOT Analysis
8.4.5.3 Products & Services Offered
8.4.5.4 Strategic Alliances between Business Partners
8.4.6 Capgemini
8.4.7.1 Business Description & Financial Analysis
8.4.7.2 SWOT Analysis
8.4.7.3 Products & Services Offered
8.4.7.4 Strategic Alliances between Business Partners
8.4.7 Sutherland
8.4.7.1 Business Description & Financial Analysis
8.4.7.2 SWOT Analysis
8.4.7.3 Products & Services Offered
8.4.8.4 Strategic Alliances between Business Partners
8.4.8 Tata Consultancy Services Limited
8.4.8.1 Business Description & Financial Analysis
8.4.8.2 SWOT Analysis
8.4.8.3 Products & Services Offered
8.4.8.4 Strategic Alliances between Business Partners
8.4.9 Genpact
8.4.9.1 Business Description & Financial Analysis
8.4.9.2 SWOT Analysis
8.4.9.3 Products & Services Offered
8.4.9.4 Strategic Alliances between Business Partners
8.4.10 Fiserv, Inc.
8.4.10.1 Business Description & Financial Analysis
8.4.10.2 SWOT Analysis
8.4.10.3 Products & Services Offered
8.4.10.4 Strategic Alliances between Business Partners
8.4.11 Other Companies
8.4.11.1 Business Description & Financial Analysis
8.4.11.2 SWOT Analysis
8.4.11.3 Products & Services Offered
8.4.11.4 Strategic Alliances between Business Partners
9 RESEARCH METHODOLOGY
9.1 Market Introduction
9.1.1 Market Definition
9.1.2 Market Scope & SegProcure-to-Paytation
9.2 Information ProcureProcure-to-Payt
9.2.1 Secondary Research
9.2.1.1 Purchased Databases
9.2.1.2 GMEs Internal Data Repository
9.2.1.3 Secondary Resources & Third Party Perspectives
9.2.1.4 Company Information Sources
9.2.2 Primary Research
9.2.2.1 Various Types of Respondents for Primary Interviews
9.2.2.2 Number of Interviews Conducted throughout the Research Process
9.2.2.3 Primary Stakeholders
9.2.2.4 Discussion Guide for Primary Participants
9.2.3 Expert Panels
9.2.3.1 Expert Panels Across 30+ Industry
9.2.4 Paid Local Experts
9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region
9.3 Market Estimation
9.3.1 Top-Down Approach
9.3.1.1 Macro-Economic Indicators Considered
9.3.1.2 Micro-Economic Indicators Considered
9.3.2 Bottom Up Approach
9.3.2.1 Company Share Analysis Approach
9.3.2.2 Estimation of Potential Product Sales
9.4 Data Triangulation
9.4.1 Data Collection
9.4.2 Time Series, Cross Sectional & Panel Data Analysis
9.4.3 Cluster Analysis
9.5 Analysis and Output
9.5.1 Inhouse AI Based Real Time Analytics Tool
9.5.2 Output From Desk & Primary Research
9.6 Research Assumptions & Limitations
9.7.1 Research Assumptions
9.7.2 Research Limitations
LIST OF TABLES
1 Global Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Mllion)
2 Order-to-Cash Market, By Region, 2020-2028 (USD Mllion)
3 Procure-to-Pay Market, By Region, 2020-2028 (USD Mllion)
4 Source-to-Pay Market, By Region, 2020-2028 (USD Mllion)
5 Record-to-Report Market, By Region, 2020-2028 (USD Mllion)
6 Multi-processed Market, By Region, 2020-2028 (USD Mllion)
7 Global Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Mllion)
8 Small & Medium-sized Market, By Region, 2020-2028 (USD Mllion)
9 Large-sized Market, By Region, 2020-2028 (USD Mllion)
10 Global Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Mllion)
11 Business, Financial Services & Insurance (BFSI) Market, By Region, 2020-2028 (USD Mllion)
12 Retail & E-Commerce Market, By Region, 2020-2028 (USD Mllion)
13 Media & Entertainment Market, By Region, 2020-2028 (USD Mllion)
14 IT & Telecom Market, By Region, 2020-2028 (USD Mllion)
15 Other Verticals Market, By Region, 2020-2028 (USD Mllion)
16 Regional Analysis, 2020-2028 (USD Mllion)
17 North America Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
18 North America Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
19 North America Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
20 North America Financial Accounting Business Process Outsourcing Market, By Country, 2020-2028 (USD Million)
21 U.S Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
22 U.S Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
23 U.S Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
24 Canada Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
25 Canada Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
26 Canada Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
27 Mexico Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
28 Mexico Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
29 Mexico Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
30 Europe Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
31 Europe Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
32 Europe Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
33 Germany Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
34 Germany Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
35 Germany Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
36 UK Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
37 UK Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
38 UK Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
39 France Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
40 France Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
41 France Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
42 Italy Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
43 Italy Financial Accounting Business Process Outsourcing Market, By T Enterprise Size Type, 2020-2028 (USD Million)
44 Italy Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
45 Spain Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
46 Spain Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
47 Spain Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
48 Rest Of Europe Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
49 Rest Of Europe Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
50 Rest of Europe Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
51 Asia Pacific Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
52 Asia Pacific Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
53 Asia Pacific Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
54 Asia Pacific Financial Accounting Business Process Outsourcing Market, By Country, 2020-2028 (USD Million)
55 China Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
56 China Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
57 China Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
58 India Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
59 India Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
60 India Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
61 Japan Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
62 Japan Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
63 Japan Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
64 South Korea Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
65 South Korea Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
66 South Korea Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
67 Middle East and Africa Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
68 Middle East and Africa Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
69 Middle East and Africa Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
70 Middle East and Africa Financial Accounting Business Process Outsourcing Market, By Country, 2020-2028 (USD Million)
71 Saudi Arabia Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
72 Saudi Arabia Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
73 Saudi Arabia Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
74 UAE Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
75 UAE Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
76 UAE Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
77 Central & South America Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
78 Central & South America Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
79 Central & South America Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
80 Central & South America Financial Accounting Business Process Outsourcing Market, By Country, 2020-2028 (USD Million)
81 Brazil Financial Accounting Business Process Outsourcing Market, By Service Type, 2020-2028 (USD Million)
82 Brazil Financial Accounting Business Process Outsourcing Market, By Enterprise Size, 2020-2028 (USD Million)
83 Brazil Financial Accounting Business Process Outsourcing Market, By Industry Verticals, 2020-2028 (USD Million)
84 IBM Corporation: Products & Services Offering
85 Accenture: Products & Services Offering
86 Wipro Limited: Products & Services Offering
87 Infosys Limited: Products & Services Offering
88 HCL Technologies Limited: Products & Services Offering
89 CAPGEMINI: Products & Services Offering
90 Sutherland : Products & Services Offering
91 Tata Consultancy Services Limited: Products & Services Offering
92 Genpact, Inc: Products & Services Offering
93 Fiserv, Inc.: Products & Services Offering
94 Other Companies: Products & Services Offering
LIST OF FIGURES
1 Global Financial Accounting Business Process Outsourcing Market Overview
2 Global Financial Accounting Business Process Outsourcing Market Value From 2020-2028 (USD Mllion)
3 Global Financial Accounting Business Process Outsourcing Market Share, By Service Type (2022)
4 Global Financial Accounting Business Process Outsourcing Market Share, By Enterprise Size (2022)
5 Global Financial Accounting Business Process Outsourcing Market Share, By Industry Verticals (2022)
6 Global Financial Accounting Business Process Outsourcing Market, By Region (Asia Pacific Market)
7 Technological Trends In Global Financial Accounting Business Process Outsourcing Market
8 Four Quadrant Competitor Positioning Matrix
9 Impact Of Macro & Micro Indicators On The Market
10 Impact Of Key Drivers On The Global Financial Accounting Business Process Outsourcing Market
11 Impact Of Challenges On The Global Financial Accounting Business Process Outsourcing Market
12 Porter’s Five Forces Analysis
13 Global Financial Accounting Business Process Outsourcing Market: By Service Type Scope Key Takeaways
14 Global Financial Accounting Business Process Outsourcing Market, By Service Type Segment: Revenue Growth Analysis
15 Order-to-cash Market, By Region, 2020-2028 (USD Mllion)
16 Procure-to-pay Market, By Region, 2020-2028 (USD Mllion)
17 Source-to-pay Market, By Region, 2020-2028 (USD Mllion)
18 Record-to-report Market, By Region, 2020-2028 (USD Mllion)
19 Multi-processed Market, By Region, 2020-2028 (USD Mllion)
20 Global Financial Accounting Business Process Outsourcing Market: By Enterprise Size Scope Key Takeaways
21 Global Financial Accounting Business Process Outsourcing Market, By Enterprise Size Segment: Revenue Growth Analysis
22 Small & Medium-sized Market, By Region, 2020-2028 (USD Mllion)
23 Large-sized Market, By Region, 2020-2028 (USD Mllion)
24 Global Financial Accounting Business Process Outsourcing Market: By Industry Verticals Scope Key Takeaways
25 Global Financial Accounting Business Process Outsourcing Market, By Industry Verticals Segment: Revenue Growth Analysis
26 Business, Financial Services & Insurance (BFSI) Market, By Region, 2020-2028 (USD Mllion)
27 Retail & E-commerce Market, By Region, 2020-2028 (USD Mllion)
28 Media & Entertainment Market, By Region, 2020-2028 (USD Mllion)
29 IT & Telecom Market, By Region, 2020-2028 (USD Mllion)
30 Other Verticals Market, By Region, 2020-2028 (USD Mllion)
31 Regional Segment: Revenue Growth Analysis
32 Global Financial Accounting Business Process Outsourcing Market: Regional Analysis
33 North America Financial Accounting Business Process Outsourcing Market Overview
34 North America Financial Accounting Business Process Outsourcing Market, By Service Type
35 North America Financial Accounting Business Process Outsourcing Market, By Enterprise Size
36 North America Financial Accounting Business Process Outsourcing Market, By Industry Verticals
37 North America Financial Accounting Business Process Outsourcing Market, By Country
38 U.S. Financial Accounting Business Process Outsourcing Market, By Service Type
39 U.S. Financial Accounting Business Process Outsourcing Market, By Enterprise Size
40 U.S. Financial Accounting Business Process Outsourcing Market, By Industry Verticals
41 Canada Financial Accounting Business Process Outsourcing Market, By Service Type
42 Canada Financial Accounting Business Process Outsourcing Market, By Enterprise Size
43 Canada Financial Accounting Business Process Outsourcing Market, By Industry Verticals
44 Mexico Financial Accounting Business Process Outsourcing Market, By Service Type
45 Mexico Financial Accounting Business Process Outsourcing Market, By Enterprise Size
46 Mexico Financial Accounting Business Process Outsourcing Market, By Industry Verticals
47 Four Quadrant Positioning Matrix
48 Company Market Share Analysis
49 IBM Corporation: Company Snapshot
50 IBM Corporation: SWOT Analysis
51 IBM Corporation: Geographic Presence
52 Accenture: Company Snapshot
53 Accenture: SWOT Analysis
54 Accenture: Geographic Presence
55 Wipro Limited: Company Snapshot
56 Wipro Limited: SWOT Analysis
57 Wipro Limited: Geographic Presence
58 Infosys Limited: Company Snapshot
59 Infosys Limited: Swot Analysis
60 Infosys Limited: Geographic Presence
61 HCL Technologies Limited: Company Snapshot
62 HCL Technologies Limited: SWOT Analysis
63 HCL Technologies Limited: Geographic Presence
64 Capgemini: Company Snapshot
65 Capgemini: SWOT Analysis
66 Capgemini: Geographic Presence
67 Sutherland : Company Snapshot
68 Sutherland : SWOT Analysis
69 Sutherland : Geographic Presence
70 Tata Consultancy Services Limited: Company Snapshot
71 Tata Consultancy Services Limited: SWOT Analysis
72 Tata Consultancy Services Limited: Geographic Presence
73 Genpact, Inc.: Company Snapshot
74 Genpact, Inc.: SWOT Analysis
75 Genpact, Inc.: Geographic Presence
76 Fiserv, Inc.: Company Snapshot
77 Fiserv, Inc.: SWOT Analysis
78 Fiserv, Inc.: Geographic Presence
79 Archer Daniels Midland (ADM): Company Snapshot
80 Archer Daniels Midland (ADM): SWOT Analysis
81 Archer Daniels Midland (ADM): Geographic Presence
82 Other Companies: Company Snapshot
83 Other Companies: SWOT Analysis
84 Other Companies: Geographic Presence
The Global Financial Accounting Business Process Outsourcing (BPO) Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Financial Accounting Business Process Outsourcing (BPO) Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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