The Asia Pacific Finance And Accounting Business Process Outsourcing Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Accounting is a term which is used to describes the process of combining financial information to make it understandable and clear for all shareholders and stakeholders. The primary goal of accounting is to record and report a company’s financial transactions, cash flows, and financial performance. Accounting standards enhance the reliability of financial statements. The financial statements include the income statement, the balance sheet, and the statement of retained earnings.
The standardized report allows all shareholders and stakeholders to assess the business’s performance. Financial information is required to be transparent, accurate, and reliable. The importance of accounting includes keeping a record of the business transaction, as accounting is essential as it holds a systematic description of the organization's financial information. Up-to-date records aid users in comparing present financial information to historical data.
With complete, consistent, and accurate records, it enables users to assess a company's performance over time. The account is necessary for internal users of the organization. Internal users may include those who organize, plan and run the organization. The management team requires accounting in making important decisions. Business decisions may range from pursuing geographical expansion to enhancing operational efficiency.
The Chinese banking system is essential for the Chinese economy’s functioning, as it is the primary channel through which savings are provided for investment opportunities. Banking activities in China have been growing rapidly in the last decade, jointly with the expansion of the Chinese economy, which now includes some of the world’s largest banks. The government’s support of the banking sector and the high dependency of the population on them will increase the usage of business process outsourcing companies, especially for finance and accounts, boosting the market expansion in the Asia Pacific region.
The China market dominated the Asia Pacific Finance And Accounting Business Process Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,431.1 million by 2028. The Japan market is estimated to grow a CAGR of 9.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.5% during (2022 - 2028).
Based on Enterprise-size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Industry, the market is segmented into BFSI, Energy & Utilities, Manufacturing, Telecom & IT, Travel & Logistics, Healthcare & Life Sciences, Media & Entertainment, Retail and Others. Based on Service, the market is segmented into Order-to-cash, Source-to-pay, Procure-to-pay, Multi Processed and Record-to-report. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Finance And Accounting Business Process Outsourcing Market is Projected to reach USD 93.2 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Wipro Limited, Fiserv, Inc., Infosys Limited, Tata Consultancy Services Ltd., IBM Corporation, HCL Technologies Ltd. (HCL Enterprises), Genpact Limited, Capgemini SE, and Sutherland Global Services, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise-size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Industry
- BFSI
- Energy & Utilities
- Manufacturing
- Telecom & IT
- Travel & Logistics
- Healthcare & Life Sciences
- Media & Entertainment
- Retail
- Others
By Service
- Order-to-cash
- Source-to-pay
- Procure-to-pay
- Multi Processed
- Record-to-report
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- Wipro Limited
- Fiserv, Inc.
- Infosys Limited
- Tata Consultancy Services Ltd.
- IBM Corporation
- HCL Technologies Ltd. (HCL Enterprises)
- Genpact Limited
- Capgemini SE
- Sutherland Global Services, Inc.
TABLE 1 Asia Pacific Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Small & Medium Enterprises (SMEs) Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Small & Medium Enterprises (SMEs) Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 11 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Travel & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Travel & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Other Industry Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Other Industry Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Order-to-cash Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Order-to-cash Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Source-to-pay Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Source-to-pay Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Procure-to-pay Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Procure-to-pay Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Multi Processed Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Multi Processed Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Record-to-report Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Record-to-report Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Finance And Accounting Business Process Outsourcing Market by Country, 2022 - 2028, USD Million
TABLE 43 China Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 44 China Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 45 China Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 46 China Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 47 China Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 48 China Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 49 China Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 50 China Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 51 Japan Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 52 Japan Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 53 Japan Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 54 Japan Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 55 Japan Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 56 Japan Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 57 Japan Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 58 Japan Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 59 India Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 60 India Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 61 India Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 62 India Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 63 India Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 64 India Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 65 India Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 66 India Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 67 South Korea Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 68 South Korea Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 69 South Korea Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 70 South Korea Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 71 South Korea Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 72 South Korea Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 73 South Korea Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 74 South Korea Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 75 Singapore Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 76 Singapore Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 77 Singapore Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 78 Singapore Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 79 Singapore Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 80 Singapore Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 81 Singapore Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 82 Singapore Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 83 Malaysia Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 84 Malaysia Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 85 Malaysia Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 86 Malaysia Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 87 Malaysia Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 88 Malaysia Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 89 Malaysia Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 90 Malaysia Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 99 Key information – Accenture PLC
TABLE 100 Key Information – Wipro Limited
TABLE 101 Key Information –Fiserv, Inc.
TABLE 102 Key Information – Infosys Limited
TABLE 103 Key Information – Tata Consultancy Services Ltd.
TABLE 104 Key information – IBM Corporation
TABLE 105 Information – HCL Technologies Ltd.
TABLE 106 Key Information – Genpact Limited
TABLE 107 Key Information – Capgemini SE
TABLE 108 Key Information – Sutherland Global Services, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Accenture plc
FIG 3 SWOT Analysis: Wipro Limited
FIG 4 SWOT Analysis: Fiserv, Inc.
FIG 5 SWOT Analysis: Infosys Limited
FIG 6 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 7 Swot analysis: IBM Corporation
FIG 8 Recent strategies and developments: HCL Technologies Ltd. (HCL Enterprises)