The APAC and MEA finance and accounting managed services industry involves outsourcing of core accounting, bookkeeping, financial analysis and other finance-related functions of organizations to specialist third-party service providers. These providers leverage skilled resources, advanced technologies and standardized processes to deliver comprehensive finance and accounting services in a cost-effective manner.

The global APAC and MEA finance and accounting managed services market is estimated to be valued at US$ 1153.13 Mn or Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Rise in outsourcing of finance and accounting functions remains a key driver for the growth of Global APAC and MEA Finance and Accounting Managed Services Industry Market Size. Organizations across diverse industries are increasingly looking to outsource non-core functions such as finance and accounting to specialist third-party providers in order to focus on their core competencies. This is enabling finance and accounting managed service providers to deliver standardized, scalable and cost-effective solutions leveraging automated workflows and artificial intelligence technologies. Additionally, the market growth is supported by presence of several accounting and finance managed service providers in the region offering comprehensive services through their local offices as well as global delivery centers. However, data security and privacy concerns associated with outsourcing of finance functions poses a challenge for market expansion.

SWOT Analysis

Strength: The APAC and MEA region has a large population which serves as a huge customer base for finance and accounting managed services. The availability of low cost skilled labor in various countries like India and Philippines is a major strength for companies in this industry. Providing finance and accounting services remotely allows companies to reduce operating costs significantly.
Weakness: Language and cultural barriers can pose challenges for effective communication between clients and service providers located in different countries. Cyber security risks are also a concern while handling confidential financial data remotely. Reliance on technology infrastructure makes the industry vulnerable to technical failures and network issues.
Opportunity: Growing digital transformation and outsourcing trends across various sectors in the region is driving the demand for finance and accounting managed services. This provides opportunities for industry players to expand their client base. Emergence of new technologies like artificial intelligence, blockchain etc. allows companies to enhance their service capabilities and offerings.
Threats: Economic uncertainties and regulatory changes in certain countries can impact business volumes. Risk of losing clients to low cost competitors globally. Protectionist policies adopted by some countries pose threats to cross border trade.

Key Takeaways

The global APAC and MEA Finance and Accounting Managed Services Industry is expected to witness high growth over the forecast period owing to outsourcing of non-core functions by companies across industries. The global APAC and MEA Finance and Accounting Managed Services Market is estimated to be valued at US$ 1153.13 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030.


India dominates the regional market currently accounting for over 35% market share primarily due to availability of low cost skilled resources. Countries like Philippines and Malaysia are also emerging as prominent locations for finance and accounting BPO services.

Key players related content comprises:
Key players operating in the APAC and MEA Finance and Accounting Managed Services Industry are Alcoa Corporation, Novelis Inc., UACJ Corporation, Norsk Hydro ASA, AMG Advanced Metallurgical Group, Constellium, Aluminum Corporation of China Limited, Rio Tinto Group, Aleris Corporation, Autoneum Holding AG, Dana Limited, ElringKlinger AG, Progress-Werk Oberkirch AG, JINDAL ALUMINIUM LTD., Kaiser Aluminum, Lorin Industries. These key players are focusing on enhancing their digital capabilities and service offerings through continuous innovation to cater to evolving industry demands.

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