Philippines Finance And Accounting Business Process Outsourcing Market Size & Outlook
Philippines finance and accounting business process outsourcing market, 2018-2030 (US$M)
Related Markets
Philippines finance and accounting business process outsourcing market highlights
- The Philippines finance and accounting business process outsourcing market generated a revenue of USD 1,672.8 million in 2023 and is expected to reach USD 3,819.8 million by 2030.
- The Philippines market is expected to grow at a CAGR of 12.5% 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.
Finance and accounting business process outsourcing market data book summary
| Market revenue in 2023 | USD 1,672.8 million |
| Market revenue in 2030 | USD 3,819.8 million |
| Growth rate | 12.5% (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, Philippines accounted for 2.8% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Finance And Accounting Business Process Outsourcing Market Scope
Finance And Accounting Business Process Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Philippines 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 53.32% in 2023. Horizon Databook has segmented the Philippines 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 Philippine government has played an active role in promoting the expansion of the outsourcing sector, particularly F&A BPO. Through institutions such as the Philippine Economic Zone Authority (PEZA) and Investment Promotion Agencies (IPAs).
The government provides a variety of incentives, such as tax breaks, to attract foreign direct investments and support the spread of F&A BPO services in the country. F&A BPO firms in the country are increasingly focusing on value-added services rather than transactional operations.
which is prompting the growth of F&A BPO services. Cloud-based financial solutions, which provide reliability, adaptability, and accessibility, are gaining popularity in the Philippines. F&A BPO providers offer real-time data access, cost-effective services, and partnerships due to cloud technologies.
Reasons to subscribe to Philippines finance and accounting business process outsourcing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Philippines finance and accounting business process outsourcing market databook
-
Our clientele includes a mix of finance and accounting business process outsourcing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Philippines finance and accounting business process outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Philippines finance and accounting business process outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Philippines finance and accounting business process outsourcing market size, by service, 2018-2030 (US$M)
Philippines Finance And Accounting Business Process Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
