Global APAC and MEA Finance and Accounting Managed Services Market Is Estimated To Witness High Growth Owing To Increasing Adoption of Outsourced Financial Services

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Global APAC and MEA Finance and Accounting
Managed Services Market Is Estimated To Witness
High Growth Owing To Increasing Adoption of
Outsourced Financial Services
The global APAC and MEA Finance and Accounting
Managed Services market is estimated to be
valued at US 879.72 Mn in 2019 and is expected
to exhibit a CAGR of 7.0 over the forecast
period 2020-2025, as highlighted in a new report
published by Coherent Market Insights. Market
Overview Finance and accounting managed
services refer to the outsourcing of financial
and accounting processes to third-party service
providers. This allows companies to focus on
their core business operations while leaving the
financial management tasks to experienced
professionals. The market for finance and
accounting managed services has witnessed
significant growth in recent years due to the
increasing complexity of financial regulations
and the need for cost optimization. Market Key
Trends One key trend in the APAC and MEA
Finance and Accounting Managed Services market is
the increasing adoption of cloud-based
accounting software solutions. Cloud-based
solutions offer several advantages such as
real-time access to financial data, scalability,
and cost-effectiveness. Organizations are
increasingly adopting these solutions to
streamline their financial processes and improve
efficiency. For example, Deloitte, one of the key
players in the market, offers Deloitte Managed
Services (DMS), a cloud-based platform that
provides end-to-end financial management
solutions. PEST Analysis - Political The
political landscape can impact the finance and
accounting managed services market through
government regulations related to financial
reporting and data privacy. For example, the
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implementation of GDPR in Europe has led to
increased focus on data security and privacy. -
Economic Economic factors such as GDP growth and
disposable income levels can influence the demand
for finance and accounting managed services. A
stable economic environment with growing
businesses is likely to drive the market. -
Social Social factors such as changing workforce
demographics and increasing awareness about the
benefits of outsourcing can impact the market.
Organizations are increasingly realizing the
advantages of outsourcing non-core financial
functions. - Technological Technological
advancements such as automation, artificial
intelligence (AI), and machine learning are
revolutionizing the finance and accounting
industry. Service providers are leveraging these
technologies to offer more efficient and accurate
financial management solutions. Key Takeaways
- Market Size Related Content The global APAC
and MEA Finance and Accounting Managed Services
Industry Market is expected to witness high
growth, exhibiting a CAGR of 7.0 over the
forecast period. This growth can be attributed
to increasing adoption of outsourced financial
services by organizations to optimize costs and
improve efficiency. - Regional Analysis
Asia-Pacific is the fastest-growing and
dominating region in the APAC and MEA Finance
and Accounting Managed Services market. The
region is witnessing rapid economic growth,
which is driving the demand for finance and
accounting managed services. - Key Players
Major companies operating in the APAC and MEA
finance and accounting managed services industry
market include Baker Tilly, BDO, CROWE, Deloitte,
Ernst Young Global Limited, Grant Thornton,
KPMG, Mazars, PWC, RSM International, and TMF
Group. These companies offer a wide range of
finance and accounting managed services to cater
to the diverse needs of organizations. In
conclusion, the APAC and MEA Finance and
Accounting Managed Services market is poised for
significant growth due to the increasing
adoption of outsourced financial services. The
market is driven by the advantages offered by
cloud-based accounting software solutions and
advancements in technology. Organizations are
increasingly realizing the benefits of
outsourcing non-core financial functions,
leading to the growing demand for finance and
accounting managed services.