Singapore Finance And Accounting Business Process Outsourcing Market Size & Outlook
Singapore finance and accounting business process outsourcing market, 2018-2030 (US$M)
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Singapore finance and accounting business process outsourcing market highlights
- The Singapore finance and accounting business process outsourcing market generated a revenue of USD 1,153.1 million in 2023 and is expected to reach USD 2,249.8 million by 2030.
- The Singapore market is expected to grow at a CAGR of 10% 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 1,153.1 million |
| Market revenue in 2030 | USD 2,249.8 million |
| Growth rate | 10% (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, Singapore accounted for 1.9% 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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Singapore 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 53.48% in 2023. Horizon Databook has segmented the Singapore 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.
Singapore is known for economic stability, and a transparent regulatory framework has been crucial in recruiting multinational enterprises. Singapore's dedication to maintaining a strong regulatory framework.
International business standards provides an optimal environment for F&A BPO providers and fosters assurance for clients who outsource their financial processes to Singapore based outsourcing vendors.
The country’s F&A BPO providers are increasingly focusing on specialist services that cater to specific industry requirements.
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Target buyers of Singapore 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore finance and accounting business process outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Singapore finance and accounting business process outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore finance and accounting business process outsourcing market size, by service, 2018-2030 (US$M)
Singapore Finance And Accounting Business Process Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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