Global F&A BPO Market Segments 2024, Forecast To 2033
5 Mar, 2024
The f&a bpo market has shown strong growth, rising from $46.6 billion in 2023 to $49.37 billion in 2024 at a CAGR of 5.9%. Factors contributing to this include cost efficiency, operational optimization, and globalization strategies. Projected to reach $64.18 billion in 2028, growth is driven by demand for advanced analytics, strategic financial planning, and integration of ESG metrics.
Global F&A BPO Market Key Driver
Changes in rules and regulations, including income tax law amendments, drive the F&A BPO market's growth. The introduction of the Billionaire Minimum Income Tax Act by the U.S. Congress in 2022 exemplifies efforts to address tax-related concerns. Evolving regulations, aimed at reducing inflation and promoting public welfare, propel the F&A BPO market's expansion.
Get A Free Sample Of The Global F&A BPO Market ReportGlobal F&A BPO Market Segments
The f&a bpo market covered in this report is segmented –
1) By Service: Order-To-Cash, Procure-To-Pay, Record-To-Report, Source-To-Pay, Multi Processed
2) By Enterprise-size: Small And Medium Enterprises (SMEs), Large Enterprises
3) By Vertical: Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Energy And Utilities, Travel And Logistics, IT And Telecommunications, Media And Entertainment, Retail, Other Verticals
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the F&A BPO market in 2023. Asia Pacific is expected to be the fastest-growing region in the F&A BPO market report during the forecast period. The regions covered in the f&a bpo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major F&A BPO Industry Players
Accenture plc; Capgemini SE; Genpact; Hewlett-Packard Development Company LP; International Business Machines Corporation; Infosys BPM Limited; Sutherland Global Services; Steria Limited; Tata Consultancy Services Ltd.; Wipro Ltd.; Cognizant Technology Solutions Corporation; Exlservice Holdings Inc.; Serco Group Plc; Fiserv Inc.; HCL Technologies Limited; DXC Technology; WNS Global Services; SAP Concur; Genesys; Mphasis Limited; Sopra Steria; Tech Mahindra Business Process Services; RR Donnelley Global Outsourcing; Williams Lea Tag; Quatrro Global Services; Wolters Kluwer Financial Services; Datamatics Global Services Limited; HealthEquity; Invensis Technologies; Firstsource Solutions
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AIOps F&A BPO Market Overview
Finance and accounting (F&A) business process outsourcing (BPO) refers to support provided to customers for multiple business processes in the F&A domain through a single BPO contract. It assists businesses in streamlining accounting, tax, financial planning, and analytical processes.
F&A BPO Global Market Report 2023 provides data on the global f&a bpo market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The f&a bpo market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.