North America Finance And Accounting Business Process Outsourcing Market Size & Outlook
North America finance and accounting business process outsourcing market, 2018-2030 (US$M)
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North America finance and accounting business process outsourcing market highlights
- The North America finance and accounting business process outsourcing market generated a revenue of USD 21,730.7 million in 2023.
- The market is expected to grow at a CAGR of 8.5% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 21,730.7 million |
| Market revenue in 2030 | USD 38,493.8 million |
| Growth rate | 8.5% (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, North America region accounted for 36.0% 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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North America 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 54.31% in 2023. Horizon Databook has segmented the North America 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.
North America, which includes key markets such as the U.S. and Canada, is a major player in the global F&A BPO industry. The region's economic vitality, technological infrastructure, and corporate landscape contribute to the sustained expansions and innovations in F&A outsourcing services.
The costeffectiveness of F&A BPO services is a major driver for its adoption in North America. Outsourcing financial activities allows businesses to gain access to specialized expertise without incurring the overhead costs of keeping an in-house finance team.
This is particularly useful for organizations trying to reduce operational costs. The North American F&A BPO market is expected to develop further and evolve. F&A BPO services will become increasingly crucial in promoting efficiency, innovation, and sustainable development 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 continent-level data and insights on the North America finance and accounting business process outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into North America finance and accounting business process outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America finance and accounting business process outsourcing market size, by country, 2018-2030 (US$M)
North America Finance And Accounting Business Process Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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