Asia Pacific Finance And Accounting Business Process Outsourcing Market Size & Outlook
Asia Pacific finance and accounting business process outsourcing market, 2018-2030 (US$M)
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Asia Pacific finance and accounting business process outsourcing market highlights
- The Asia Pacific finance and accounting business process outsourcing market generated a revenue of USD 15,360.5 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, order-to-cash was the largest revenue generating service in 2023.
- Source-to-Pay is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 15,360.5 million |
| Market revenue in 2030 | USD 30,730.8 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Order-to-cash |
| Fastest growing segment | Source-to-Pay |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Order-to-Cash, Procure-to-Pay, Record-to-Report, Source-to-Pay, Multi Processed |
| Key market players worldwide | Accenture PLC Class A, Capgemini SE, CK Hutchison Holdings Ltd, Cognizant Technology Solutions Corp Class A, Fiserv Inc, Genpact Ltd, HCL Technologies, Infosys Ltd ADR, International Business Machines Corp, Schneider Electric SE, Tata Consultancy Services, Teleperformance SE, Wipro Ltd ADR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.5% of the global finance and accounting business process outsourcing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 30,730.8 million by 2030.
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Finance And Accounting Business Process Outsourcing Market Scope
Finance And Accounting Business Process Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific finance and accounting business process outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to finance and accounting business process outsourcing market will help companies and investors design strategic landscapes.
Order-to-cash was the largest segment with a revenue share of 53.44% in 2023. Horizon Databook has segmented the Asia Pacific finance and accounting business process outsourcing market based on order-to-cash, procure-to-pay, record-to-report, source-to-pay, multi processed covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Asia Pacific market can be attributed to the implementation of advanced technologies The adoption of F&A BPO in APAC has continued to be fueled by cost savings. Organizations can lower operating costs by outsourcing the maintenance of internal finance and accounting staff.
Major APAC countries, such as China, India, and Japan, have a highly trained labor pool and cutting-edge technology infrastructure, which has made the area appealing as a center for F&A BPO services.
The use of cuttingedge technologies in F&A BPO services is becoming more popular as digital transformation emerges as a strategic necessity for enterprises in the Asia Pacific region.
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Target buyers of Asia Pacific finance and accounting business process outsourcing market databook
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Our clientele includes a mix of finance and accounting business process outsourcing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific finance and accounting business process outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific finance and accounting business process outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific finance and accounting business process outsourcing market size, by country, 2018-2030 (US$M)
Asia Pacific Finance And Accounting Business Process Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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