The Latin America, Middle East and Africa Finance and Accounting Business Process Outsourcing Market would 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.
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
- 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.
TABLE 1 LAMEA Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 4 LAMEA Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 5 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 10 LAMEA Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 11 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Travel & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Travel & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Retail Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Retail Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Other Industry Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Other Industry Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 30 LAMEA Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 31 LAMEA Order-to-cash Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Order-to-cash Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Source-to-pay Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Source-to-pay Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Procure-to-pay Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Procure-to-pay Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Multi Processed Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Multi Processed Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Record-to-report Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Record-to-report Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Finance And Accounting Business Process Outsourcing Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Finance And Accounting Business Process Outsourcing Market by Country, 2022 - 2028, USD Million
TABLE 43 Brazil Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 44 Brazil Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 45 Brazil Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 46 Brazil Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 47 Brazil Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 48 Brazil Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 49 Brazil Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 50 Brazil Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 51 Argentina Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 52 Argentina Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 53 Argentina Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 54 Argentina Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 55 Argentina Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 56 Argentina Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 57 Argentina Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 58 Argentina Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 59 UAE Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 60 UAE Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 61 UAE Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 62 UAE Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 63 UAE Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 64 UAE Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 65 UAE Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 66 UAE Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 75 South Africa Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 76 South Africa Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 77 South Africa Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 78 South Africa Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 79 South Africa Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 80 South Africa Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 81 South Africa Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 82 South Africa Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 83 Nigeria Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 84 Nigeria Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 85 Nigeria Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 86 Nigeria Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 87 Nigeria Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 88 Nigeria Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 89 Nigeria Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 90 Nigeria Finance And Accounting Business Process Outsourcing Market by Service, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Enterprise-size, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Industry, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Industry, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Finance And Accounting Business Process Outsourcing Market by Service, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA 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)