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 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.