Finance, Accounting BPO To Growth 9.6% by 2008

July 12, 2004 ( - The worldwide finance and accounting outsourcing market will reach $47.6 billion in 2008.

The expected growth in the market means a five year growth of 9.6% in the amount of finance and accounting outsourcing, an IDC study reveals.  

Spending on outsourcing of the transaction management function is expected to grow the fastest, at 9.8%, over the next five years. From a regional perspective, the study determined that the US will remain by far the largest finance and accounting business process outsourcing (BPO) market.   IDC says this is due primarily to cost-cutting reasons.  

IDC’s study, US Finance and Accounting Outsourcing Market Forecast and Analysis, 2003-2008, is available for purchase at 508-988-7988.