According to HTF MI, “Global Accounts Payable Outsourcing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Accounts Payable Outsourcing Market is anticipated to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030, reaching USD 43.2 Billion in 2024 and USD 68.9 Billion by 2030.
Accounts payable outsourcing refers to the practice of delegating the management and processing of an organization’s accounts payable function to an external service provider. Accounts payable is the process of tracking and paying the organization’s debts to its suppliers, vendors, and other creditors.
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Key and developing players who have been highlighted as part of the coverage include Accenture (Ireland), Genpact (India), Capgemini (France), Infosys (India), Wipro (India), IBM Corporation (United States), Tata Consultancy Services (India), Cognizant (United States), Xerox Corporation (United States), HCL Technologies (India), DXC Technology (United States), Sutherland Global Services (United States).
Accounts Payable Outsourcing
Market Drivers
- Potential for cost reduction
- Increased efficiency of the accounts payable processes
Market Opportunities
- Access to advanced technology
- Providing global operations support
Market Restraints
- Increasing security and data privacy concerns
- Loss of control and visibility over the process
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Key Market Segmentation:
The report has categorized the Accounts Payable Outsourcing market based on type, distribution channel, and region.
Market Breakdown by Applications:
- Invoice Processing and Management, Payment Processing and Management, Vendor Management, Others
Market Breakdown by Types:
- Banking, Financial Services, and Insurance (BFSI), Healthcare and Life Sciences, Manufacturing, IT and Telecommunications, Energy and Utilities, Others
Report Scope
The Market size value in 2024 (USD 43.2 Billion)
Revenue Forecast by 2033 (USD 68.9 Billion)
Growth Rate CAGR Of (6.5%)
Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Accenture (Ireland), Genpact (India), Capgemini (France), Infosys (India), Wipro (India), IBM Corporation (United States), Tata Consultancy Services (India), Cognizant (United States), Xerox Corporation (United States), HCL Technologies (India), DXC Technology (United States), Sutherland Global Services (United States)
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Key highlights of the report:
- Accounts Payable Outsourcing Market Performance (2019-2023)
- Accounts Payable Outsourcing Market Outlook (2024-2030)
- Accounts Payable Outsourcing Market Trends
- Accounts Payable Outsourcing Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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