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Finance and Accounting Business Process Outsourcing Market size was valued at USD 60.93 Billion in 2023. It is expected to Reach USD 134.65 Billion by 2032 and grow at a CAGR of 9.22% over the forecast period of 2024-2032.
The Finance and Accounting BPO market is growing with the increasing demand for cost-effective services enhanced by advanced technologies and the increasing growth of the BPO industry in various emerging economies. Service providers, often based in developing countries, offer standardized operations like record-to-report, insurance claim processing, and accounting services to reduce operational costs for clients in developed nations. Knowledge Process Outsourcing (KPO) adds value by way of providing strategic consulting, market intelligence, and legal services.
BPO providers increasingly undertake cloud computing, social media marketing, business analytics, and process automation to improve performance and decrease prices. Cloud-based solutions improve CRM services, adding transparency and fulfilling client needs affordably. Outsourcing non-core allows such as call centers, IT, financial, and recruitment services allows companies to focus on core competencies and reduce expenses. Innovations in ICT and fragmented production processes enable enterprises to outsource labour-intensive services to countries like India and the Philippines, benefiting from low-cost labour and advanced IT infrastructure. However, the sharing of sensitive financial data poses risks, leading to reluctance among companies to outsource these processes due to potential setbacks from errors, which may hinder market growth. The BPOs help companies reduce charges and grow income by leveraging advanced technology like AI, cloud computing, and process automation. Recent improvements up to 80% of transactional work is automated with Advanced technologies like Robotic Process Automation (RPA) can automate repetitive tasks in F&A processes. The threat of substitutes is low, as in-house finance and accounting operations are the simplest alternatives.
Market Dynamics
Drivers
The integration of superior technologies consisting of AI, machine learning, robotic process automation, and cloud computing complements the efficiency and accuracy of financial processes that drive the market.
BPO provides specialized abilities and knowledge in finance and accounting, which can be difficult and expensive to keep in-house, especially for small and medium-sized organizations.
BPO services provide the ability to scale operations up or down primarily based on business desires, making it easier for corporations to adapt to market adjustments and needs.
Businesses are increasing the number of outsourcing financial tasks to BPO services providers to lower operational costs and improve performance. According to a 2023 our recent survey, organizations can keep up to 39% on cost through outsourcing finance and accounting capabilities. This big price saving is mainly because of reduced labour prices, as BPO providers regularly operate in countries with lower salary requirements. For instance, India and the Philippines, outstanding hubs for BPO offerings, offer professional labour at a fragment of the fee as compared to Western nations. Moreover, outsourcing reduces the need for giant investments in infrastructure. BPO providers have advanced systems like AI and cloud computing that continue reducing client company costs.
The financial advantages enable businesses to redirect resources towards main operations, stimulating innovation and expansion. With businesses looking to stay competitive in a globalized market, the cost savings provided by F&A BPO services remain a significant motivator. In highly regulated nations just like the US, accounting and finance departments need to observe state and federal policies from groups such as the Federal Reserve, CFPB, and FINRA. The evolving regulatory landscape and modifications in income tax laws are in addition propelling the market growth. The presence of several regional and established service provider companies will increase shoppers' bargaining power, however, the growing demand for BPO services due to evolving commercial enterprise operations diminishes this power. Cost-effective solutions from certain vendors may additionally attract more end users, supporting market expansion.
Restraints
Outsourcing involves sharing sensitive economic data with third-party companies and raising issues related to information breaches, confidentiality, and standard facts safety.
Companies may experience a lack of authority over their financial procedures and activities if they are managed by an outside vendor, potentially resulting in concerns regarding quality and reliability.
Security of Data is a significant concern are a restraint inside the finance and accounting business process outsourcing market. When organizations outsource financial operations, they regularly proportion sensitive information, inclusive of data of customers, financial records, and proprietary enterprise info. In 2023, the common charge of a data breach globally accelerated to USD 4.45 million, For monetary institutions, the cost has become even higher, averaging USD 5.97 million per breach.
Moreover, regulatory frameworks just like the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) within the United States impose strict necessities on statistics protection. Non-compliance can bring about sizable fines. For instance, under GDPR, fines can attain as a good deal as €20 million or 4% of a corporation’s annual global turnover, whichever is higher. These factors make statistics safety an important situation that could obstruct the boom of the finance and accounting BPO market. In 2022, 58% of customers said they could keep away from doing business with a business enterprise that had suffered from an information breach. This highlights the capability's long-time period impact on purchaser relationships and enterprise sustainability.
By Services
The Order-to-Cash (O2C) segment held the highest share of the market at 52% in 2023. O2C encompasses enterprise operations and activities along with receiving and fulfilling consumer orders for items and services. This segment extensively affects diverse business functions, such as inventory management, supply chain management, and workforce management. O2C operations influence the organization's working capital and cash flow. Optimizing the O2C process offers benefits like advanced cash flow, superior customer experience, price savings, and increasing revenue generation, which are predicted to drive the growth of the segment in the forecast period.
Source-to-Pay (S2P) segment is projected to grow with an annual growth rate of 10.03% during the forecast period. S2P represents a comprehensive procurement process, covering all stages from sourcing and obtaining goods and services to managing providers, contracts, and payments. In the finance and accounting BPO sector, outsourcing S2P approaches to BPO vendors have gained popularity. This outsourcing allows corporations to lessen costs by leveraging the expertise of BPO businesses in managing the complete procurement lifecycle effectively.
By Enterprise Size
The large enterprises segment held the largest market share of more than 58.5% in 2023. Large businesses are turning to finance and accounting BPO (F&A BPO) to integrate technological improvements into their financial processes, thereby enhancing accuracy, performance, and the potential to derive actionable insights from financial facts. F&A BPO allows those businesses to focus on their core competencies and strategic goals by outsourcing habitual financial responsibilities to specialized providers. This shift enables them to allocate internal resources and understanding to sports that force innovation, increase, and competitiveness. It is expected that small and medium enterprises will experience significant growth with a high CAGR throughout the forecast period. For small businesses, outsourcing financial duties through F&A BPO lets them pay attention to their primary business capabilities. By delegating basic accounting, bookkeeping, and monetary reporting to specialized providers, small corporations can commit their sources and time to business improvement, customer engagement, and different critical activities. This approach enables SMEs to streamline operations and improve their recognition of growth and essential business responsibilities.
By Vertical
In 2023, the IT and telecom segment dominated the market and held the largest revenue share 28% percentage based on verticals. IT and telecommunications organizations experience dynamic operations because of rapid technological advancements and converting market needs. These firms are pioneers in adopting new technologies. Firms benefit from F and A BPO providers incorporating technologies such as machine learning, artificial intelligence, robotic process automation, data analytics, and cloud-based systems into financial processes. These technologies help groups examine market trends, allowing them to swiftly reply to economic changes, client behaviours, and industry dynamics.
The BFSI segment is projected to obtain a widespread CAGR of 9.7% from 2024 to 2032. The BFSI sector's growing need for specialized F&A BPO offerings consists of fraud detection, anti-money laundering compliance, and monetary analytics. BPO organizations that specialize in those offerings are well-equipped to deal with the desires of BFSI corporations. Given the critical significance of risk management and compliance inside the BFSI industry, BPO companions must have a thorough understanding of legal frameworks and enforce strong security measures. This specialization helps BFSI businesses to effectively manage risks and adhere to regulatory requirements.
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Regional analysis
The North American region dominated the finance and accounting business process outsourcing (F&A BPO) market with an accounted revenue share of 36% in 2023, North America is projected to grow at a CAGR of 8.87% from 2024 to 2032, growing with the need for cost-effective, efficient outsourcing offerings that allow companies to focus on core features and expand globally. In the U.S., the marketplace is predicted to develop at a significant CAGR, with blockchain technology gaining traction for its steady and transparent economic transaction solutions, improving accuracy and performance.
In the Asia Pacific region, the F&A BPO market is projected to grow at a CAGR of 10.24% from 2024 to 2032. The region's growth is fuelled by superior technology adoption and savings of cost from outsourcing. Countries like China, India, and Japan gain from skilled workers and strong technology infrastructure. China’s market, developing at a significant CAGR, is pushed by using cost efficiency and professional labours. In India, the marketplace's increase is supported with the aid of qualified professionals and authorities’ tasks. Japan emphasizes records safety and cybersecurity due to accelerated digital reliance. Europe's F&A BPO market is projected to increase at a 9.23% CAGR, supported by stringent data privacy regulations such as GDPR. The UK market, with a significant CAGR, emphasizes sustainability and efficiency amidst economic difficulties. The German market, requires specific financial knowledge to manage its intricate regulatory system, utilizing BPO services for precision and adherence.
The Major players in the market are Capgemini, CKH Group, Cognizant, Teleperformance SE, Fiserv, Inc., HCL Technologies Limited, Infosys Limited, Accenture plc, Invensis Technologies Pvt Ltd, Wipro Limited, Outsourced Bookkeeping, International Business Machines Corporation, Sutherland, Tata Consultancy Services Limited, Genpact, and others in the final report.
Recent Developments
In April 2024, CKH Group collaborated with local governments in 611 towns across Georgia to provide auditing services and assist with personnel. Local governments risk losing specific federal or state funding if they fail to keep up with their annual financial statement audits. The Government Auditing Division of CKH Group is experiencing rapid growth as it helps local governments meet this crucial need.
In August 2023, Genpact formed a partnership with Heubach GmbH, a top pigment producer, to revamp financial and supply chain operations. This partnership seeks to improve these processes by merging Genpact's knowledge in smart operations with Heubach GmbH's creative approaches. Genpact created Heubach Group Business Services (GBS) centers to enhance efficiency, digital capabilities, and operational flexibility, in line with the aim of fostering sustainable development and enhancing customer satisfaction.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 60.93 Billion |
| Market Size by 2032 | USD 134.65 Billion |
| CAGR | CAGR of 9.22 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Service (Order-to-Cash, Source-to-Pay, Record-to-Report, Procure-to-Pay, Multi Processed) • By Enterprise Size (SMEs, Large Enterprises) • By Vertical, IT & Telecommunications, BFSI, Manufacturing, Healthcare, Media & Entertainment, Energy & Utilities, Travel & Logistics, Retail, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Capgemini, CKH Group, Cognizant, Teleperformance SE, Fiserv, Inc., HCL Technologies Limited, Infosys Limited, Accenture plc, Invensis Technologies Pvt Ltd, Wipro Limited, Outsourced Bookkeeping, International Business Machines Corporation, Sutherland, Tata Consultancy Services Limited, Genpact |
| Key Drivers | • The integration of superior technologies consisting of AI, machine learning, robotic process automation, and cloud computing complements the efficiency and accuracy of financial processes that drive the market. • BPO provides specialized abilities and knowledge in finance and accounting, which can be difficult and expensive to keep in-house, especially for small and medium-sized organizations |
| RESTRAINTS | • Outsourcing involves sharing sensitive economic data with third-party companies and raising issues related to information breaches, confidentiality, and standard facts safety |
Ans. The projected market size for the Finance and Accounting Business Process Outsourcing Market is USD 134.65 billion by 2032.
Ans: The Large enterprise size segment dominated the Finance and Accounting Business Process Outsourcing Market.
Ans. The CAGR of the Finance and Accounting Business Process Outsourcing Market is 9.22% During the forecast period of 2024-2032.
Ans: The North American region dominated the market in 2023, with a 36% share.
Ans: Yes, you can customize the report as per your requirements.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Finance and Accounting Business Process Outsourcing Market Segmentation, by Service
7.1 Introduction
7.2 Order-to-Cash
7.3 Source-to-Pay
7.4 Record-to-Report
7.5 Procure-to-Pay
7.6 Multi Processed
8. Finance and Accounting Business Process Outsourcing Market Segmentation, by Enterprise Size
8.1 Introduction
8.2 SMEs
8.3 Large Enterprises
9. Finance and Accounting Business Process Outsourcing Market Segmentation, by Vertical
9.1 Introduction
9.2 IT & Telecommunications
9.3 BFSI
9.4 Manufacturing
9.5 Healthcare
9.6 Media & Entertainment
9.7 Energy & Utilities
9.8 Travel & Logistics
9.9 Retail
9.10 Others
9.11 Services Insights
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Trend Analysis
10.2.2 North America Finance and Accounting Business Process Outsourcing Market by Country
10.2.3 North America Finance and Accounting Business Process Outsourcing Market by Service
10.2.4 North America Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.2.5 North America Finance and Accounting Business Process Outsourcing Market by Vertical
10.2.6 USA
10.2.6.1 USA Finance and Accounting Business Process Outsourcing Market by Service
10.2.6.2 USA Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.2.6.3 USA Finance and Accounting Business Process Outsourcing Market by Vertical
10.2.7 Canada
10.2.7.1 Canada Finance and Accounting Business Process Outsourcing Market by Service
10.2.7.2 Canada Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.2.7.3 Canada Finance and Accounting Business Process Outsourcing Market by Vertical
10.2.8 Mexico
10.2.8.1 Mexico Finance and Accounting Business Process Outsourcing Market by Service
10.2.8.2 Mexico Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.2.8.3 Mexico Finance and Accounting Business Process Outsourcing Market by Vertical
10.3 Europe
10.3.1 Trend Analysis
10.3.2 Eastern Europe
10.3.2.1 Eastern Europe Finance and Accounting Business Process Outsourcing Market by Country
10.3.2.2 Eastern Europe Finance and Accounting Business Process Outsourcing Market by Service
10.3.2.3 Eastern Europe Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.2.4 Eastern Europe Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.2.5 Poland
10.3.2.5.1 Poland Finance and Accounting Business Process Outsourcing Market by Service
10.3.2.5.2 Poland Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.2.5.3 Poland Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.2.6 Romania
10.3.2.6.1 Romania Finance and Accounting Business Process Outsourcing Market by Service
10.3.2.6.2 Romania Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.2.6.4 Romania Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.2.7 Hungary
10.3.2.7.1 Hungary Finance and Accounting Business Process Outsourcing Market by Service
10.3.2.7.2 Hungary Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.2.7.3 Hungary Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.2.8 Turkey
10.3.2.8.1 Turkey Finance and Accounting Business Process Outsourcing Market by Service
10.3.2.8.2 Turkey Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.2.8.3 Turkey Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.2.9 Rest of Eastern Europe
10.3.2.9.1 Rest of Eastern Europe Finance and Accounting Business Process Outsourcing Market by Service
10.3.2.9.2 Rest of Eastern Europe Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.2.9.3 Rest of Eastern Europe Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3 Western Europe
10.3.3.1 Western Europe Finance and Accounting Business Process Outsourcing Market by Country
10.3.3.2 Western Europe Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.3 Western Europe Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.4 Western Europe Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.5 Germany
10.3.3.5.1 Germany Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.5.2 Germany Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.5.3 Germany Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.6 France
10.3.3.6.1 France Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.6.2 France Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.6.3 France Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.7 UK
10.3.3.7.1 UK Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.7.2 UK Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.7.3 UK Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.8 Italy
10.3.3.8.1 Italy Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.8.2 Italy Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.8.3 Italy Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.9 Spain
10.3.3.9.1 Spain Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.9.2 Spain Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.9.3 Spain Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.10 Netherlands
10.3.3.10.1 Netherlands Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.10.2 Netherlands Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.10.3 Netherlands Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.11 Switzerland
10.3.3.11.1 Switzerland Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.11.2 Switzerland Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.11.3 Switzerland Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.12 Austria
10.3.3.12.1 Austria Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.12.2 Austria Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.12.3 Austria Finance and Accounting Business Process Outsourcing Market by Vertical
10.3.3.13 Rest of Western Europe
10.3.3.13.1 Rest of Western Europe Finance and Accounting Business Process Outsourcing Market by Service
10.3.3.13.2 Rest of Western Europe Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.3.3.13.3 Rest of Western Europe Finance and Accounting Business Process Outsourcing Market by Vertical
10.4 Asia-Pacific
10.4.1 Trend Analysis
10.4.2 Asia-Pacific Finance and Accounting Business Process Outsourcing Market by Country
10.4.3 Asia-Pacific Finance and Accounting Business Process Outsourcing Market by Service
10.4.4 Asia-Pacific Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.5 Asia-Pacific Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.6 China
10.4.6.1 China Finance and Accounting Business Process Outsourcing Market by Service
10.4.6.2 China Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.6.3 China Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.7 India
10.4.7.1 India Finance and Accounting Business Process Outsourcing Market by Service
10.4.7.2 India Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.7.3 India Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.8 Japan
10.4.8.1 Japan Finance and Accounting Business Process Outsourcing Market by Service
10.4.8.2 Japan Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.8.3 Japan Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.9 South Korea
10.4.9.1 South Korea Finance and Accounting Business Process Outsourcing Market by Service
10.4.9.2 South Korea Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.9.3 South Korea Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.10 Vietnam
10.4.10.1 Vietnam Finance and Accounting Business Process Outsourcing Market by Service
10.4.10.2 Vietnam Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.10.3 Vietnam Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.11 Singapore
10.4.11.1 Singapore Finance and Accounting Business Process Outsourcing Market by Service
10.4.11.2 Singapore Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.11.3 Singapore Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.12 Australia
10.4.12.1 Australia Finance and Accounting Business Process Outsourcing Market by Service
10.4.12.2 Australia Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.12.3 Australia Finance and Accounting Business Process Outsourcing Market by Vertical
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Finance and Accounting Business Process Outsourcing Market by Service
10.4.13.2 Rest of Asia-Pacific Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.4.13.3 Rest of Asia-Pacific Finance and Accounting Business Process Outsourcing Market by Vertical
10.5 Middle East & Africa
10.5.1 Trend Analysis
10.5.2 Middle East
10.5.2.1 Middle East Finance and Accounting Business Process Outsourcing Market by Country
10.5.2.2 Middle East Finance and Accounting Business Process Outsourcing Market by Service
10.5.2.3 Middle East Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.2.4 Middle East Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.2.5 UAE
10.5.2.5.1 UAE Finance and Accounting Business Process Outsourcing Market by Service
10.5.2.5.2 UAE Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.2.5.3 UAE Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.2.6 Egypt
10.5.2.6.1 Egypt Finance and Accounting Business Process Outsourcing Market by Service
10.5.2.6.2 Egypt Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.2.6.3 Egypt Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.2.7 Saudi Arabia
10.5.2.7.1 Saudi Arabia Finance and Accounting Business Process Outsourcing Market by Service
10.5.2.7.2 Saudi Arabia Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.2.7.3 Saudi Arabia Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.2.8 Qatar
10.5.2.8.1 Qatar Finance and Accounting Business Process Outsourcing Market by Service
10.5.2.8.2 Qatar Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.2.8.3 Qatar Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.2.9 Rest of Middle East
10.5.2.9.1 Rest of Middle East Finance and Accounting Business Process Outsourcing Market by Service
10.5.2.9.2 Rest of Middle East Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.2.9.3 Rest of Middle East Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.3 Africa
10.5.3.1 Africa Finance and Accounting Business Process Outsourcing Market by Country
10.5.3.2 Africa Finance and Accounting Business Process Outsourcing Market by Service
10.5.3.3 Africa Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.3.4 Africa Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.3.5 Nigeria
10.5.3.5.1 Nigeria Finance and Accounting Business Process Outsourcing Market by Service
10.5.3.5.2 Nigeria Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.3.5.3 Nigeria Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.3.6 South Africa
10.5.3.6.1 South Africa Finance and Accounting Business Process Outsourcing Market by Service
10.5.3.6.2 South Africa Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.3.6.3 South Africa Finance and Accounting Business Process Outsourcing Market by Vertical
10.5.3.7 Rest of Africa
10.5.3.7.1 Rest of Africa Finance and Accounting Business Process Outsourcing Market by Service
10.5.3.7.2 Rest of Africa Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.5.3.7.3 Rest of Africa Finance and Accounting Business Process Outsourcing Market by Vertical
10.6 Latin America
10.6.1 Trend Analysis
10.6.2 Latin America Finance and Accounting Business Process Outsourcing Market by country
10.6.3 Latin America Finance and Accounting Business Process Outsourcing Market by Service
10.6.4 Latin America Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.6.5 Latin America Finance and Accounting Business Process Outsourcing Market by Vertical
10.6.6 Brazil
10.6.6.1 Brazil Finance and Accounting Business Process Outsourcing Market by Service
10.6.6.2 Brazil Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.6.6.3 Brazil Finance and Accounting Business Process Outsourcing Market by Vertical
10.6.7 Argentina
10.6.7.1 Argentina Finance and Accounting Business Process Outsourcing Market by Service
10.6.7.2 Argentina Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.6.7.3 Argentina Finance and Accounting Business Process Outsourcing Market by Vertical
10.6.8 Colombia
10.6.8.1 Colombia Finance and Accounting Business Process Outsourcing Market by Service
10.6.8.2 Colombia Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.6.8.3 Colombia Finance and Accounting Business Process Outsourcing Market by Vertical
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Finance and Accounting Business Process Outsourcing Market by Service
10.6.9.2 Rest of Latin America Finance and Accounting Business Process Outsourcing Market by Enterprise Size
10.6.9.3 Rest of Latin America Finance and Accounting Business Process Outsourcing Market by Vertical
11. Company Profiles
11.1 Capgemini
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 The SNS View
11.2 CKH Group
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 The SNS View
11.3 Cognizant
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 The SNS View
11.4 Teleperformance SE
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 The SNS View
11.5 Fiserv, Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 The SNS View
11.6 HCL Technologies Limited
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 The SNS View
11.7 Infosys Limited
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 The SNS View
11.8 Accenture plc.
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 The SNS View
11.9 Wipro Limited
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 The SNS View
11.10 International Business Machines Corporation
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. Use Case and Best Practices
14. Conclusion
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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Service
Order-to-Cash
Source-to-Pay
Record-to-Report
Procure-to-Pay
Multi Processed
By Enterprise Size
SMEs
Large Enterprises
By Vertical
IT & Telecommunications
BFSI
Manufacturing
Healthcare
Media & Entertainment
Energy & Utilities
Travel & Logistics
Retail
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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