Global Finance And Accounting Business Process Outsourcing Market Size is forecast to reach $152.3 Billion in 2032 from $68.5 Billion in 2024, registering an optimistic growth rate (CAGR) of 10.5%.
The global Bioactive Ingredients Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Service (Order-to-Cash, Procure-to-Pay, Record-to-Report, Source-to-Pay, Multi Processed), By Enterprise Size (SMEs, Large Enterprises), By End-User (BFSI, Healthcare, Manufacturing, Energy & Utilities, Travel & Logistics, IT & Telecommunications, Media & Entertainment, Retail, Others).
An Introduction to Finance And Accounting Business Process Outsourcing Market
The Finance and Accounting Business Process Outsourcing (BPO) Market involves delegating finance and accounting functions to external service providers to improve efficiency and reduce operational costs. This market is growing as companies seek to focus on core business activities while benefiting from the expertise, technology, and scalability offered by BPO providers. Services include accounts payable and receivable, payroll processing, financial reporting, and tax preparation, which help businesses streamline processes and enhance financial accuracy.
Finance And Accounting Business Process Outsourcing Market Competitive Landscape
The market report analyses the leading companies in the industry including Accenture plc, Capgemini, CKH Group, Cognizant, Fiserv Inc, Genpact, HCL Technologies Ltd, Infosys Ltd, International Business Machines Corp, Invensis Technologies Pvt Ltd, Outsourced Bookkeeping, Sutherland, Tata Consultancy Services Ltd, Teleperformance SE, Wipro Ltd
Finance And Accounting Business Process Outsourcing Market Market Dynamics
Finance And Accounting Business Process Outsourcing Market Trend: Adoption of Robotic Process Automation (RPA)
One prominent trend in the Finance and Accounting Business Process Outsourcing (F&A BPO) Market is the increasing adoption of Robotic Process Automation (RPA) technology. Organizations are leveraging RPA tools to automate repetitive and rule-based tasks in finance and accounting processes, leading to improved efficiency, reduced errors, and cost savings.
Finance And Accounting Business Process Outsourcing Market Driver: Focus on Cost Optimization and Operational Efficiency
The primary driver for the Finance and Accounting Business Process Outsourcing (F&A BPO) Market is the increasing focus of organizations on cost optimization and operational efficiency. Outsourcing finance and accounting functions to specialized service providers allows businesses to streamline processes, access specialized expertise, and reduce overhead costs, driving the demand for F&A BPO services.
Finance And Accounting Business Process Outsourcing Market Opportunity: Expansion of Services to Include Analytical Insights
An opportunity in the Finance and Accounting Business Process Outsourcing (F&A BPO) Market lies in the expansion of services to include analytical insights and value-added offerings. Service providers can leverage advanced analytics, data visualization, and financial intelligence tools to deliver actionable insights, strategic recommendations, and predictive analytics to their clients. By offering comprehensive finance and accounting solutions with analytical capabilities, providers can differentiate themselves and create additional value for their customers.
Finance And Accounting Business Process Outsourcing Market Share Analysis: Procure-to-Pay service segment is poised to register the fastest CAGR over the forecast period to 2030
The fastest-growing segment in the Finance And Accounting Business Process Outsourcing (BPO) market is the Procure-to-Pay service. This growth is being driven by the increasing adoption of automation and digitalization in procurement processes, which helps streamline purchasing activities, improve vendor management, enhance cost control, and ensure compliance. Large enterprises, in particular, are leveraging Procure-to-Pay outsourcing services to optimize their procurement operations, gain better visibility into spending, and drive efficiency across the supply chain. Industries such as BFSI, healthcare, manufacturing, energy & utilities, travel & logistics, IT & telecommunications, media & entertainment, retail, and others are actively embracing Procure-to-Pay BPO solutions to achieve strategic sourcing objectives and improve financial performance.
Finance And Accounting Business Process Outsourcing Market Report Segmentation
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
OthersRegions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Finance And Accounting Business Process Outsourcing Market Companies Profiled in the Market Study
Accenture plc
Capgemini
CKH Group
Cognizant
Fiserv Inc
Genpact
HCL Technologies Ltd
Infosys Ltd
International Business Machines Corp
Invensis Technologies Pvt Ltd
Outsourced Bookkeeping
Sutherland
Tata Consultancy Services Ltd
Teleperformance SE
Wipro Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Finance And Accounting Business Process Outsourcing Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Finance And Accounting Business Process Outsourcing Market Size Outlook, $ Million, 2021 to 2030
3.2 Finance And Accounting Business Process Outsourcing Market Outlook by Type, $ Million, 2021 to 2030
3.3 Finance And Accounting Business Process Outsourcing Market Outlook by Product, $ Million, 2021 to 2030
3.4 Finance And Accounting Business Process Outsourcing Market Outlook by Application, $ Million, 2021 to 2030
3.5 Finance And Accounting Business Process Outsourcing Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Finance And Accounting Business Process Outsourcing Industry
4.2 Key Market Trends in Finance And Accounting Business Process Outsourcing Industry
4.3 Potential Opportunities in Finance And Accounting Business Process Outsourcing Industry
4.4 Key Challenges in Finance And Accounting Business Process Outsourcing Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Finance And Accounting Business Process Outsourcing Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Finance And Accounting Business Process Outsourcing Market Outlook by Segments
7.1 Finance And Accounting Business Process Outsourcing Market Outlook by Segments, $ Million, 2021- 2030
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
Others
8 North America Finance And Accounting Business Process Outsourcing Market Analysis and Outlook To 2030
8.1 Introduction to North America Finance And Accounting Business Process Outsourcing Markets in 2024
8.2 North America Finance And Accounting Business Process Outsourcing Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Finance And Accounting Business Process Outsourcing Market size Outlook by Segments, 2021-2030
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
Others
9 Europe Finance And Accounting Business Process Outsourcing Market Analysis and Outlook To 2030
9.1 Introduction to Europe Finance And Accounting Business Process Outsourcing Markets in 2024
9.2 Europe Finance And Accounting Business Process Outsourcing Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Finance And Accounting Business Process Outsourcing Market Size Outlook by Segments, 2021-2030
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
Others
10 Asia Pacific Finance And Accounting Business Process Outsourcing Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Finance And Accounting Business Process Outsourcing Markets in 2024
10.2 Asia Pacific Finance And Accounting Business Process Outsourcing Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Finance And Accounting Business Process Outsourcing Market size Outlook by Segments, 2021-2030
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
Others
11 South America Finance And Accounting Business Process Outsourcing Market Analysis and Outlook To 2030
11.1 Introduction to South America Finance And Accounting Business Process Outsourcing Markets in 2024
11.2 South America Finance And Accounting Business Process Outsourcing Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Finance And Accounting Business Process Outsourcing Market size Outlook by Segments, 2021-2030
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
Others
12 Middle East and Africa Finance And Accounting Business Process Outsourcing Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Finance And Accounting Business Process Outsourcing Markets in 2024
12.2 Middle East and Africa Finance And Accounting Business Process Outsourcing Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Finance And Accounting Business Process Outsourcing Market size Outlook by Segments, 2021-2030
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Accenture plc
Capgemini
CKH Group
Cognizant
Fiserv Inc
Genpact
HCL Technologies Ltd
Infosys Ltd
International Business Machines Corp
Invensis Technologies Pvt Ltd
Outsourced Bookkeeping
Sutherland
Tata Consultancy Services Ltd
Teleperformance SE
Wipro Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Service
Order-to-Cash
Procure-to-Pay
Record-to-Report
Source-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By End-User
BFSI
Healthcare
Manufacturing
Energy & Utilities
Travel & Logistics
IT & Telecommunications
Media & Entertainment
Retail
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)