Finance Accounting Business Process Outsourcing Market 2024-2028
The finance accounting business process outsourcing market is forecasted to grow by USD 27.30 bn during 2023-2028, accelerating at a CAGR of 7.85% during the forecast period. The report on the finance accounting business process outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increasing focus on reducing operational costs, the surge in a number of finance accounting BPOs, and an increased need to improve the agility of accounting.
Technavio's finance accounting business process outsourcing market is segmented as below:
By End-user
By Application
- BFSI
- IT and telecommunications
- Manufacturing
- Healthcare
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rising number of acquisitions and partnerships by market vendors as one of the prime reasons driving the finance accounting business process outsourcing market growth during the next few years. Also, rising emphasis on finance accounting process automation and rise of multi-country and centralized outsourcing models will lead to sizable demand in the market.
The report on the finance accounting business process outsourcing market covers the following areas:
- Finance accounting business process outsourcing market sizing
- Finance accounting business process outsourcing market forecast
- Finance accounting business process outsourcing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading finance accounting business process outsourcing market vendors that include Accenture Plc, Alight Solutions LLC, Amdocs Ltd., Anderson Business Solutions Pvt. Ltd., Capgemini Service SAS, Cognizant Technology Solutions Corp., Concentrix Corp., Deloitte Touche Tohmatsu Ltd., ExlService Holdings Inc., Genpact Ltd., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., NTT DATA Corp., Oracle Corp., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Wipro Ltd., WNS Holdings Ltd., and Datamatics Global Services Ltd.. Also, the finance accounting business process outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.