The Asia Pacific Finance And Accounting Business Process Outsourcing Market should 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.
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 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.
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
- 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.
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 Asia Pacific Finance And Accounting Business Process Outsourcing Market, by Enterprise-size
1.4.2 Asia Pacific Finance And Accounting Business Process Outsourcing Market, by Industry
1.4.3 Asia Pacific Finance And Accounting Business Process Outsourcing Market, by Service
1.4.4 Asia Pacific 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. Asia Pacific Finance And Accounting Business Process Outsourcing Market by Enterprise-size
4.1 Asia Pacific Large Enterprises Market by Country
4.2 Asia Pacific Small & Medium Enterprises (SMEs) Market by Country
Chapter 5. Asia Pacific Finance And Accounting Business Process Outsourcing Market by Industry
5.1 Asia Pacific BFSI Market by Country
5.2 Asia Pacific Energy & Utilities Market by Country
5.3 Asia Pacific Manufacturing Market by Country
5.4 Asia Pacific Telecom & IT Market by Country
5.5 Asia Pacific Travel & Logistics Market by Country
5.6 Asia Pacific Healthcare & Life Sciences Market by Country
5.7 Asia Pacific Media & Entertainment Market by Country
5.8 Asia Pacific Retail Market by Country
5.9 Asia Pacific Other Industry Market by Country
Chapter 6. Asia Pacific Finance And Accounting Business Process Outsourcing Market by Service
6.1 Asia Pacific Order-to-cash Market by Country
6.2 Asia Pacific Source-to-pay Market by Country
6.3 Asia Pacific Procure-to-pay Market by Country
6.4 Asia Pacific Multi Processed Market by Country
6.5 Asia Pacific Record-to-report Market by Country
Chapter 7. Asia Pacific Finance And Accounting Business Process Outsourcing Market by Country
7.1 China Finance And Accounting Business Process Outsourcing Market
7.1.1 China Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.1.2 China Finance And Accounting Business Process Outsourcing Market by Industry
7.1.3 China Finance And Accounting Business Process Outsourcing Market by Service
7.2 Japan Finance And Accounting Business Process Outsourcing Market
7.2.1 Japan Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.2.2 Japan Finance And Accounting Business Process Outsourcing Market by Industry
7.2.3 Japan Finance And Accounting Business Process Outsourcing Market by Service
7.3 India Finance And Accounting Business Process Outsourcing Market
7.3.1 India Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.3.2 India Finance And Accounting Business Process Outsourcing Market by Industry
7.3.3 India Finance And Accounting Business Process Outsourcing Market by Service
7.4 South Korea Finance And Accounting Business Process Outsourcing Market
7.4.1 South Korea Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.4.2 South Korea Finance And Accounting Business Process Outsourcing Market by Industry
7.4.3 South Korea Finance And Accounting Business Process Outsourcing Market by Service
7.5 Singapore Finance And Accounting Business Process Outsourcing Market
7.5.1 Singapore Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.5.2 Singapore Finance And Accounting Business Process Outsourcing Market by Industry
7.5.3 Singapore Finance And Accounting Business Process Outsourcing Market by Service
7.6 Malaysia Finance And Accounting Business Process Outsourcing Market
7.6.1 Malaysia Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.6.2 Malaysia Finance And Accounting Business Process Outsourcing Market by Industry
7.6.3 Malaysia Finance And Accounting Business Process Outsourcing Market by Service
7.7 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market
7.7.1 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Enterprise-size
7.7.2 Rest of Asia Pacific Finance And Accounting Business Process Outsourcing Market by Industry
7.7.3 Rest of Asia Pacific 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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