The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The government’s new rules and regulations, as well as income tax law changes, are projected to promote innovation in F&A BPO manufacturing, driving the market during the projection period.

The global F&A BPO market is expected to grow from $43.83 billion in 2022 to $46.50 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The global F&A BPO market size is expected to reach $57.39 billion in 2027 at a CAGR of 5.4%.

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Global F&A BPO Market Segments Include:

• By Service: Order-To-Cash, Procure-To-Pay, Record-To-Report, Source-To-Pay, Multi Processed
• By Enterprise-size: Small And Medium Enterprises (SMEs), Large Enterprises
• 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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global F&A BPO market in 2021.

Major Market Players in the F&A BPO market include Accenture PLC, Capgemini SE, Genpact, Hewlett-Packard Development Company LP, IBM Corporation, Infosys BPM Limited, International Business Machines Corporation, Sutherland Global Services.

The growing use of cloud-based accounting software is a prominent trend in the F&A BPO market. Accounting software that is hosted in the cloud rather than installed on a computer or manually kept in ledgers and journals is referred to as cloud-based accounting software. Cloud accounting software is hosted remotely, and financial data is sent to the cloud, processed by a remote server, and returned. To maintain their market position, major F&A BPO companies are launching novel cloud-based accounting software. For example, Focus Softnet, an India-based software business that develops accounting software, unveiled its new accounting software FocusLyte in March 2023. This is a cloud-based system that organises invoices and company payments, mostly for small and medium-sized businesses, and it assists them with sophisticated financial accounting operations.

The F&A BPO Global Market Report 2023  provides a F&A BPO market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The F&A BPO market forecast analyzes F&A BPO market size, F&A BPO market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Finance and accounting (F&A) business process outsourcing (BPO) refers to customer assistance for different business processes in the F&A domain under a single BPO contract. It helps organisations streamline their accounting, tax, financial planning, and analytical operations.

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