Finance as a Service Market is Booming Worldwide by 2028 - Grant Thornton, Nexia International Limited, Crowe LLP, Baker Tilly US, Moss Adams

Finance as a service, also known as FaaS, is a business model where businesses outsource their financial operations such as accounting, auditing, and investment management. Business outsources their financial operations in order to focus their resources on their core competencies and to save cost. Majorly finance as a service is availed by small and medium size organizations.

Finance as a Service Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Accounting, Auditing, Others); Organization Size (SMEs, Large Enterprises); End User (IT and Telecom, Manufacturing, Retail, Construction, Others) and Geography

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MARKET SEGMENTATION
The global finance as a service market is segmented on the basis of type, organization size, and end users. Based on type, the market is segmented into accounting, auditing, and others. On the basis of organization size, the market is segmented as SMES and large enterprises. On the basis of end users, the market is segmented as IT and telecom, manufacturing, retail, construction, and others.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global finance as a service market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The finance as a service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting finance as a service market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porters five forces analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the finance as a service market in these regions.

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IMPACT OF COVID-19 ON FINANCE AS A SERVICE MARKET
The ongoing pandemic also had a significant impact on overall international trade and businesses. The outbreak of COVID-19 has slowed down the growth of the finance as a service market owing to challenges in maintaining operational continuity, securing network data, and adapting to new traffic patterns. Organizations have actively focused on understanding the function of automation in digital transformation due to the pandemic. Moreover, enterprises also learn to measure the Return on Investment (ROI) as compared to other competing initiatives. These factors are expected to have a significant effect on the market over the coming years.

MARKET DYNAMICS
The finance as a service market is experiencing significant growth owing to the increasing number of small and medium size organizations across the globe. However, stringent regulations in certain countries are hampering the growth of the market. Meanwhile, growing adoption rate of finance as a service by large organizations is expected to flourish the finance as a service market.

MARKET SCOPE
The "Finance as a Service Market Analysis to 2028" is a specialized and in-depth study of the technology, media, and telecommunication with a special focus on the global market trend analysis. The report aims to provide an overview of finance as a service market with detailed market segmentation by type, organization size, end users, and geography. The global finance as a service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading finance as a service market players and offers key trends and opportunities in the finance as a service market.

Top Mentioned Players in Finance as a Service Market are -

- Deloitte Touche Tohmatsu Limited
- Ernst & Young Global Limited
- PwC
- KPMG International Limited
- BDO
- RSM International Ltd.
- Grant Thornton
- Nexia International Limited
- Crowe LLP
- Baker Tilly US, LLP
- Moss Adams LLP

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