COVID-19 Impact on Distributed Acoustic Sensing (DAS) Market Overview, Trend and Forecast to 2025 | Baker Tilly, BDO, CROWE, Deloitte, Grant Thornton, KPMG

Description

New Research Study "Finance and Accounting Managed Services Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook" has been added to Coherent Market insight

APAC and MEA finance and accounting managed services industry was accounted for US$ 879.72 Mn in terms of value in 2019 and is expected to grow at CAGR of 7.0% for the period 2020-2025.

Finance and accounting managed services help companies control costs as well as improve the performance. Finance & accounting services includes various types of services used in business to comply with federal, state, and local rules and regulations. Managed services is the practice of outsourcing the responsibility of maintaining, and anticipating need for, a range of processes and functions to improve operations and reduce expenses. Managed services can provide more capability to the end-users. The outsourced function may range from basic activities as to full finance and accounting team outsourcing. The key objective to opt for finance and accounting managed services is to cut expenses and improve operational efficiency.

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This report includes information on the industry's market growth as well as key segmentation variables that help the global APAC and MEA Finance and Accounting Managed Services Industry Market prosper in today's environment. The report also emphasises the importance of regional classification in the global APAC and MEA Finance and Accounting Managed Services Industry Market. Due to growing demand, the worldwide APAC and MEA Finance and Accounting Managed Services Industry Market will eventually create more revenue and have a higher market size than the previous projected period.

Major Key players in this Market:

· Baker Tilly
· BDO
· CROWE
· Deloitte
· Ernst & Young APAC and MEA Limited
· Grant Thornton
· KPMG
· Mazars
· PWC
· RSM International
· TMF Group.

Key Market Drivers:

Increasing demand for cloud services and surge in adoption of cloud in the APAC and MEA is expected to propel growth of the APAC and MEA finance and accounting managed services industry market over the forecast period. For instance, in July 2021, Sigma and Axelor teamed up to launch a new range of innovative and next generation accounting and financial solutions for MidCaps. Developed on Axelor low-code platform, this range aims to offer an unequalled functional coverage, and can be adapted to the specificities of every sector.

Moreover, inclining towards outsourcing finance and accounting services, increasing adoption of managed services from small and medium enterprises, increasing shift towards hybrid IT, and improved cost and operational efficiency is expected to augment the growth of the APAC and MEA finance and accounting managed services industry market. For instance, in August 2021, My Finance Wellness (MFW) launched its mobile application for MSME and other nano, tiny entrepreneurs in the country. The app helps the trading and manufacturing community in understanding complex financial concepts in a very simple manner.

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Regional Classification

The APAC and MEA Finance and Accounting Managed Services Industry market report sheds light on the analysis as well as market forecast on the regional and also the global level. Delving deep into the report, it also covers the various growth opportunities and recent trends across five regions, including the Asia Pacific (APAC), North America, Latin America, Europe, and the Middle East & Africa (MEA). An in-depth study has been carried out covering every region with regard to the prevalent trends, outlook, and different opportunities that are likely to impact the market positively in the long run. The report also offers the most up to date information related to the technological developments and growth prospects based on the regional landscape.

Method of Research

The report provides first-hand information performed by key players using quantitative & qualitative assessment as per the parameters of the Porter’s Five Force Model. It throws light on the macro-economic indicators, parent market trends, and growth factors. Primary (surveys, interviews, and questionnaires) & secondary researches (SEC filings, white paper references, and published reports) have been carried out to provide a better understanding of the market. The data used in the report has passed multi-step verification to assure both the authenticity as well as the quality of the insight that is provided. Bottom-up & top-down approaches are also used for ensuring the credibility of the valuations and market segments.

Key Takeaways:

· The APAC and MEA finance and accounting managed services industry market is expected to exhibit a CAGR of XX % during the forecast period due to the increasing digitalization in these regions. For instance, in September 2019, Genpact, in partnership with Deloitte and OneSource Virtual, launched the GenOneTM, a Finance-as-a-Service solution (finance and accounting solution) to accelerate digital transformation with financial management. New solution helps companies rapidly scale and manage operations for competitive growth.

· Among regions, Asia Pacific and Middle East and Africa are expected to witness robust growth in the APAC and MEA finance and accounting managed services industry market owing to the increasing adoption of cloud services, integration of smart technologies such as IoT and cloud computing, increasing industrial automation, government initiatives, and increasing adoption of managed services in these regions.

· For instance, the Government of India has introduced several reforms to liberalize, regulate, and enhance the financial services industry. Moreover, the Government and Reserve Bank of India (RBI) have taken various measures to facilitate easy access to finance for Micro, Small, and Medium Enterprises (MSMEs).

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