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.