India Finance And Accounting Business Process Outsourcing Market Size & Outlook
India finance and accounting business process outsourcing market, 2018-2030 (US$M)
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India finance and accounting business process outsourcing market highlights
- The India finance and accounting business process outsourcing market generated a revenue of USD 2,843.9 million in 2023 and is expected to reach USD 6,619.7 million by 2030.
- The India market is expected to grow at a CAGR of 12.8% 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.
Finance and accounting business process outsourcing market data book summary
| Market revenue in 2023 | USD 2,843.9 million |
| Market revenue in 2030 | USD 6,619.7 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Order-to-cash |
| Fastest growing segment | Source-to-Pay |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 4.7% of the global finance and accounting business process outsourcing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India finance and accounting business process outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,619.7 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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India 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 53.56% in 2023. Horizon Databook has segmented the India 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.
India's large pool of qualified finance and accounting experts, combined with its powerful technology infrastructure, makes it a desirable option for F&A BPO. To suit the different needs of global organizations, Indian service providers offer a wide range of expertise.
In December 2022, the Indian government launched the Digital India initiative, which has helped transform the F&A BPO market. This program attempts to make services more effective and accessible by focusing on digitization and technology-driven solutions.
The increased focus on digital procedures, data security, and technology adoption in the context of F&A BPO has enabled service providers to deliver higher-value services to worldwide clients. The supportive efforts of the Indian government are expected to be a significant factor in fueling market expansion over the forecast period.
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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 country-level data and insights on the India finance and accounting business process outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into India finance and accounting business process outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India finance and accounting business process outsourcing market size, by service, 2018-2030 (US$M)
India Finance And Accounting Business Process Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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