Finance and accounting (F&A) business process outsourcing (BPO) consists of support for multiple business processes in the F&A domain through a single BPO contract. The finance and accounting BPO help the organization to improve its operational and financial capabilities by organizing them precisely. It also helps in optimizing the key processes of the businesses.
The "Global Finance and Accounting BPO Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the with detailed market segmentation by service offering, organization size, industry vertical and geography. The report provides key statistics on the market status of the leading finance and accounting BPO market players and offers key trends and opportunities in the market.
- Based on service offering, the global finance and accounting BPO market is segmented into order to cash, procure to pay, record to report, others
- On the basis of organization size, the market is segmented into SMES, large enterprise
- Based on industry vertical, the market is bifurcated into IT and telecom, BFSI, manufacturing, media and entertainment, others
- The organizations are increasingly focusing on reducing the cost of conducting business for accessing global resources to meet the growing industry demands. As a result, several organizations across the globe are leveraging the benefits of business process outsourcing (BPO) services and are focusing on core competencies, thereby generating avenues for market growth..
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The finance and accounting BPO market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the finance and accounting BPO market in these regions.
IMPACT OF COVID-19 ON FINANCE AND ACCOUNTING BPO MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the finance and accounting BPO market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from finance and accounting BPO market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the finance and accounting BPO market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Accenture PLC
- AcctTwo Shared Services, LLC
- DandV Philippines
- IBM Corporation
- Infosys Limited
- Tata Consultancy Services Limited
- Velan Info Services
- Wipro Limited
- WNS (Holdings) Ltd
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.