3. MARKET TRENDS & DRIVERS
- Companies Increasingly Move to Disruptive Technologies to Enhance Capabilities
- Automation to Help Players Stay Ahead in Finance & Accounting Outsourcing Game
- Robotic Process Automation Makes Drastic Improvement in Response Times
- AI and ML Seek a Bigger Role in FAO
- Growing Role of IoT in F&A
- Data Analytics Gains Importance as Increasing Number of Enterprises Leverage Data to Meet Business Objectives
- FAO Firms Leverage Blockchain Technology
- Industry Witnesses Rising Adoption of Cloud-based Accounting Software
- Rise in Adoption of Digitization Drives in F& A Industry
- CFOs Seek Digital Finance & Accounting Providers to Re-Imagine Finance Operations
- Social Media Networking Trend Transforms Business Strategies
- Advisory Services Record Strong Growth
- Multi-Source Approach Gathers Steam
- Offshore Staffing for Remote Working : The New Norm
- Businesses Pay Heavy Attention on New Strategies
- Increasing Number of Retiring Accountants and a Tight Accounting Market Drive Companies Turn to Outsourcing
- Rise in new Rules and Regulations, Income Tax Changes Drive Demand
- Increased Focus on Data Security Drive Companies to Turn to FAOs
- Global Cybersecurity Market Reset & Trajectory - Growth Outlook (In %) for Years 2019 through 2025
- Cyberattacks by Type in Millions: 2020H1
- Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2020
- F&A Outsourcing Offers Improved Businesses Value
- Big Data Remains in Contention to Streamline Operations
- Rise in Adoption of Accounting Software
- Small and Midsize Businesses Make a Headeway
- Emergence of Business Process Utility
- Millennials Emerge as a Lucrative Market
- Working Age Population by Generation: 2010, 2021, and 2030
- US Workforce Population by Age Group: 2009, 2019 and 2029
- Global Millennials Population by Region (2021): Percentage Breakdown of Number of Millennials for North America, Europe, China & Japan, Latin America and Rest of World
- Brexit Requirements to Increase Business for Accounting Outsourcing Firms
- Industry Witnesses Increased investments in Onshore and Nearshore Capabilities
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 2: World Historic Review for Finance and Accounting Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 3: World 15-Year Perspective for Finance and Accounting Outsourcing by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027
TABLE 4: World Recent Past, Current & Future Analysis for Multi-Process F&A BPO by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 5: World Historic Review for Multi-Process F&A BPO by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 6: World 15-Year Perspective for Multi-Process F&A BPO by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
TABLE 7: World Recent Past, Current & Future Analysis for Source-to-Pay Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 8: World Historic Review for Source-to-Pay Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 9: World 15-Year Perspective for Source-to-Pay Outsourcing by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
TABLE 10: World Recent Past, Current & Future Analysis for Record-to-Report Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 11: World Historic Review for Record-to-Report Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 12: World 15-Year Perspective for Record-to-Report Outsourcing by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
TABLE 13: World Recent Past, Current & Future Analysis for Procure-to-Pay Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 14: World Historic Review for Procure-to-Pay Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 15: World 15-Year Perspective for Procure-to-Pay Outsourcing by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
TABLE 16: World Recent Past, Current & Future Analysis for Order-to-Cash Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 17: World Historic Review for Order-to-Cash Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 18: World 15-Year Perspective for Order-to-Cash Outsourcing by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
UNITED STATES
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
TABLE 19: USA Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 20: USA Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 21: USA 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
CANADA
TABLE 22: Canada Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 23: Canada Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 24: Canada 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
JAPAN
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
TABLE 25: Japan Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 26: Japan Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 27: Japan 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
CHINA
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
TABLE 28: China Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 29: China Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 30: China 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
EUROPE
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
TABLE 31: Europe Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 32: Europe Historic Review for Finance and Accounting Outsourcing by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 33: Europe 15-Year Perspective for Finance and Accounting Outsourcing by Geographic Region - Percentage Breakdown of Value Spending for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2021 & 2027
TABLE 34: Europe Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 35: Europe Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 36: Europe 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
FRANCE
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
TABLE 37: France Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 38: France Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 39: France 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
GERMANY
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
TABLE 40: Germany Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 41: Germany Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 42: Germany 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
ITALY
TABLE 43: Italy Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 44: Italy Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 45: Italy 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
UNITED KINGDOM
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
TABLE 46: UK Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 47: UK Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 48: UK 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
REST OF EUROPE
TABLE 49: Rest of Europe Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 50: Rest of Europe Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 51: Rest of Europe 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
ASIA-PACIFIC
- Finance and Accounting Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
TABLE 52: Asia-Pacific Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 53: Asia-Pacific Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 54: Asia-Pacific 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027
REST OF WORLD
TABLE 55: Rest of World Recent Past, Current & Future Analysis for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing - Independent Analysis of Annual Spending in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 56: Rest of World Historic Review for Finance and Accounting Outsourcing by Type - Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 57: Rest of World 15-Year Perspective for Finance and Accounting Outsourcing by Type - Percentage Breakdown of Value Spending for Multi-Process F&A BPO, Source-to-Pay Outsourcing, Record-to-Report Outsourcing, Procure-to-Pay Outsourcing and Order-to-Cash Outsourcing for the Years 2012, 2021 & 2027