The Latin America, Middle East and Africa Finance and Accounting Business Process Outsourcing Market should witness market growth of 12.5% CAGR during the forecast period (2022-2028).
Accounting aids in communicating company results to numerous users. Lenders, investors, and other creditors are vital external users of accounting information. Investors may buy shares in the company, while lenders must analyze their risk in determining the lend. Companies must create credibility with these external users through reliable and relevant accounting information.
Proper accounting assists the organization in ensuring accurate reporting of financial assets and liabilities. Tax authorities utilize standardized accounting financial statements to assess a company’s net income and declared gross revenue. The accounting system aids these authorities in ensuring that the company’s financial statements are reported legally and accurately.
Saudi Arabia is anticipated to be one of the leading digital health industries. For healthcare IT and digital transformation programs the government has allocated $1.5 billion in funds. The Ministry of Health has established an e-Health strategy to use telemedicine to enhance the accessibility and care quality in hard-to-reach areas. Saudi Arabia’s telehealth adoption rate is around 70%, and about 34% of young physicians utilize AI to perform diagnoses. Due to innovation and AI, the constantly growing healthcare sector is expected to boost the adoption of business process outsourcing for finance and accounts management, which will surge the market growth in the region.
The Brazil market dominated the LAMEA 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 $1,569.4 million by 2028. The Argentina market is experiencing a CAGR of 13.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 12.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Accounting aids in communicating company results to numerous users. Lenders, investors, and other creditors are vital external users of accounting information. Investors may buy shares in the company, while lenders must analyze their risk in determining the lend. Companies must create credibility with these external users through reliable and relevant accounting information.
Proper accounting assists the organization in ensuring accurate reporting of financial assets and liabilities. Tax authorities utilize standardized accounting financial statements to assess a company’s net income and declared gross revenue. The accounting system aids these authorities in ensuring that the company’s financial statements are reported legally and accurately.
Saudi Arabia is anticipated to be one of the leading digital health industries. For healthcare IT and digital transformation programs the government has allocated $1.5 billion in funds. The Ministry of Health has established an e-Health strategy to use telemedicine to enhance the accessibility and care quality in hard-to-reach areas. Saudi Arabia’s telehealth adoption rate is around 70%, and about 34% of young physicians utilize AI to perform diagnoses. Due to innovation and AI, the constantly growing healthcare sector is expected to boost the adoption of business process outsourcing for finance and accounts management, which will surge the market growth in the region.
The Brazil market dominated the LAMEA 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 $1,569.4 million by 2028. The Argentina market is experiencing a CAGR of 13.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 12.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Finance And Accounting Business Process Outsourcing Market, by Enterprise-size
1.4.2 LAMEA Finance And Accounting Business Process Outsourcing Market, by Industry
1.4.3 LAMEA Finance And Accounting Business Process Outsourcing Market, by Service
1.4.4 LAMEA Finance And Accounting Business Process Outsourcing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Finance and Accounting Business Process Outsourcing Market
Chapter 4. LAMEA Finance And Accounting Business Process Outsourcing Market by Enterprise-size
4.1 LAMEA Large Enterprises Market by Country
4.2 LAMEA Small & Medium Enterprises (SMEs) Market by Country
Chapter 5. LAMEA Finance And Accounting Business Process Outsourcing Market by Industry
5.1 LAMEA BFSI Market by Country
5.2 LAMEA Energy & Utilities Market by Country
5.3 LAMEA Manufacturing Market by Country
5.4 LAMEA Telecom & IT Market by Country
5.5 LAMEA Travel & Logistics Market by Country
5.6 LAMEA Healthcare & Life Sciences Market by Country
5.7 LAMEA Media & Entertainment Market by Country
5.8 LAMEA Retail Market by Country
5.9 LAMEA Other Industry Market by Country
Chapter 6. LAMEA Finance And Accounting Business Process Outsourcing Market by Service
6.1 LAMEA Order-to-cash Market by Country
6.2 LAMEA Source-to-pay Market by Country
6.3 LAMEA Procure-to-pay Market by Country
6.4 LAMEA Multi Processed Market by Country
6.5 LAMEA Record-to-report Market by Country
Chapter 7. LAMEA Finance And Accounting Business Process Outsourcing Market by Country
7.1 Brazil Finance And Accounting Business Process Outsourcing Market
7.1.1 Brazil Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.1.2 Brazil Finance And Accounting Business Process Outsourcing Market by Industry
7.1.3 Brazil Finance And Accounting Business Process Outsourcing Market by Service
7.2 Argentina Finance And Accounting Business Process Outsourcing Market
7.2.1 Argentina Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.2.2 Argentina Finance And Accounting Business Process Outsourcing Market by Industry
7.2.3 Argentina Finance And Accounting Business Process Outsourcing Market by Service
7.3 UAE Finance And Accounting Business Process Outsourcing Market
7.3.1 UAE Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.3.2 UAE Finance And Accounting Business Process Outsourcing Market by Industry
7.3.3 UAE Finance And Accounting Business Process Outsourcing Market by Service
7.4 Saudi Arabia Finance And Accounting Business Process Outsourcing Market
7.4.1 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.4.2 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Industry
7.4.3 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Service
7.5 South Africa Finance And Accounting Business Process Outsourcing Market
7.5.1 South Africa Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.5.2 South Africa Finance And Accounting Business Process Outsourcing Market by Industry
7.5.3 South Africa Finance And Accounting Business Process Outsourcing Market by Service
7.6 Nigeria Finance And Accounting Business Process Outsourcing Market
7.6.1 Nigeria Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.6.2 Nigeria Finance And Accounting Business Process Outsourcing Market by Industry
7.6.3 Nigeria Finance And Accounting Business Process Outsourcing Market by Service
7.7 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market
7.7.1 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.7.2 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Industry
7.7.3 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Service
Chapter 8. Company Profiles
8.1 Accenture PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Wipro Limited
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Fiserv, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Acquisition and Mergers:
8.3.5 SWOT Analysis
8.4 Infosys Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Tata Consultancy Services Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 IBM Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 HCL Technologies Ltd. (HCL Enterprises)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.8 Genpact Limited
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Product Launches and Product Expansions:
8.9 Capgemini SE
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.10. Sutherland Global Services, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
Companies Mentioned
- 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.
Methodology
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