Market Overview:
The global general and administrative outsourcing market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cost-effective services, rising focus on core competencies, and growing need for improved efficiency and productivity. The FAO segment is expected to hold the largest share of the global general and administrative outsourcing market in 2018, owing to the increasing demand for finance and accounting services from businesses across different industries. The RPO segment is projected to grow at the highest CAGR during the forecast period, due to the increasing adoption of RPO services by organizations worldwide for efficient recruitment processes. In terms of application, BFSI is expected to account for a major share ofthe global general and administrative outsourcing market in 2018. This can be attributedto th egrowing need among banksand other financial institutionsfor cost-effective back-office support functions such as finance & accounting (F&A), human resources (HR), payroll processing, etc., which can be outsourcedto third-party service providers.
Product Definition:
The definition of General and Administrative Outsourcing is the contracting out of specific administrative and support functions to a third-party supplier. The importance of General and Administrative Outsourcing lies in the cost savings and efficiency gains that can be achieved by outsourcing these activities. Typically, companies will outsource back-office functions such as accounting, human resources, information technology, and marketing. By doing so, they can focus on their core business activities while relying on a specialist supplier to manage the administrative tasks. This leads to improved efficiency and reduced costs.
FAO (Finance and Accounting Outsourcing):
FAO is an umbrella term used for outsourcing finance and accounting functions to third party service providers. It can be defined as the provision of financial services by companies with no specific knowledge of accounting or finance. FAO is a cost-effective method for small and medium enterprises that do not require complex financial services such as those provided by banks, thereby driving its growth in the G&A market over the forecast period.
U.S.
RPO (Recruitment Process Outsourcing):
RPO is the recruitment process outsourcing. It's a service where an external Recruitment Agency takes care of all recruitment related tasks such as sourcing, screening, selecting and recruiting candidates. The service provider arranges job interviews and provides services for career guidance along with other administrative tasks like payroll processing etc. RPO has evolved over the last few years due to increased competition in the market and cost benefits associated with its implementation.
Application Insights:
The BFSI application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from emerging economies such as India, Brazil, and China for handling routine administrative tasks such as HR, payrolls, benefits administration among others. This has led to an increase in outsourcing of these general functions by banks and other financial institutions across the globe.
Healthcare is one of the fastest-growing industries globally owing to factors such as growing aging population coupled with increasing investments by governments in healthcare infrastructure development are expected to drive demand for GSOs (Global General & Administrative Services).
Regional Analysis:
The North America region accounted for the largest revenue share in 2017. The growth of the regional market can be attributed to factors such as increasing outsourcing activities by U.S.-based companies and their global expansion, availability of skilled resources, technological advancements, and rising demand for cost-effective services. Moreover, growing regulatory requirements are expected to drive FAO services in this region over the forecast period.
Asia Pacific is estimated to register a significant CAGR over the forecast period owing to several macroeconomic factors such as improving economic conditions and rapid development of IT sector in India & China that has resulted into high adoption rates of general administrative outsourcing solutions across various industries within these countries. Furthermore, an increase in foreign direct investments coupled with favorable government policies towards business process outsourcing is anticipated to fuel market growth during the forecast period from 2018 - 2030 in Asia Pacific GEO (excluding Australia).
Growth Factors:
- Increased focus on efficiency and cost-effectiveness by organizations across all industries
- Rapid globalization of businesses and the need for standardized processes across geographies
- The need for specialized skills and resources that are not available in-house
- Growing demand from small and medium businesses (SMBs) who do not have the scale or resources to manage certain functions in-house
- Rising pressure on CFOs to reduce costs, improve margins, and free up capital
Scope Of The Report
Report Attributes
Report Details
Report Title
General and Administrative Outsourcing Market Research Report
By Type
FAO (Finance and Accounting Outsourcing), RPO (Recruitment Process Outsourcing), Payroll Outsourcing, Procurement Outsourcing
By Application
BFSI, Healthcare, Telecom, Manufacturing, Others
By Companies
Accenture, Capgemini, IBM, Infosys, TCS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global General and Administrative Outsourcing Market Report Segments:
The global General and Administrative Outsourcing market is segmented on the basis of:
Types
FAO (Finance and Accounting Outsourcing), RPO (Recruitment Process Outsourcing), Payroll Outsourcing, Procurement Outsourcing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Healthcare, Telecom, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- Capgemini
- IBM
- Infosys
- TCS
Highlights of The General and Administrative Outsourcing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- FAO (Finance and Accounting Outsourcing)
- RPO (Recruitment Process Outsourcing)
- Payroll Outsourcing
- Procurement Outsourcing
- By Application:
- BFSI
- Healthcare
- Telecom
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the General and Administrative Outsourcing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
General and administrative outsourcing (G&A) is the process of contracting out certain functions within an organization, such as human resources, finance, marketing, or information technology. By outsourcing these functions to a third-party provider, organizations can free up their internal resources to focus on more strategic initiatives. G&A can be a cost-effective way to improve efficiency and effectiveness in an organization while also freeing up employees for other tasks.
Some of the key players operating in the general and administrative outsourcing market are Accenture, Capgemini, IBM, Infosys, TCS.
The general and administrative outsourcing market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 General and Administrative Outsourcing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 General and Administrative Outsourcing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 General and Administrative Outsourcing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the General and Administrative Outsourcing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global General and Administrative Outsourcing Market Size & Forecast, 2018-2028
4.5.1 General and Administrative Outsourcing Market Size and Y-o-Y Growth
4.5.2 General and Administrative Outsourcing Market Absolute $ Opportunity
Chapter 5 Global General and Administrative Outsourcing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 General and Administrative Outsourcing Market Size Forecast by Type
5.2.1 FAO (Finance and Accounting Outsourcing)
5.2.2 RPO (Recruitment Process Outsourcing)
5.2.3 Payroll Outsourcing
5.2.4 Procurement Outsourcing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global General and Administrative Outsourcing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 General and Administrative Outsourcing Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Healthcare
6.2.3 Telecom
6.2.4 Manufacturing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global General and Administrative Outsourcing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 General and Administrative Outsourcing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America General and Administrative Outsourcing Analysis and Forecast
9.1 Introduction
9.2 North America General and Administrative Outsourcing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America General and Administrative Outsourcing Market Size Forecast by Type
9.6.1 FAO (Finance and Accounting Outsourcing)
9.6.2 RPO (Recruitment Process Outsourcing)
9.6.3 Payroll Outsourcing
9.6.4 Procurement Outsourcing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America General and Administrative Outsourcing Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Healthcare
9.10.3 Telecom
9.10.4 Manufacturing
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe General and Administrative Outsourcing Analysis and Forecast
10.1 Introduction
10.2 Europe General and Administrative Outsourcing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe General and Administrative Outsourcing Market Size Forecast by Type
10.6.1 FAO (Finance and Accounting Outsourcing)
10.6.2 RPO (Recruitment Process Outsourcing)
10.6.3 Payroll Outsourcing
10.6.4 Procurement Outsourcing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe General and Administrative Outsourcing Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Healthcare
10.10.3 Telecom
10.10.4 Manufacturing
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific General and Administrative Outsourcing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific General and Administrative Outsourcing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific General and Administrative Outsourcing Market Size Forecast by Type
11.6.1 FAO (Finance and Accounting Outsourcing)
11.6.2 RPO (Recruitment Process Outsourcing)
11.6.3 Payroll Outsourcing
11.6.4 Procurement Outsourcing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific General and Administrative Outsourcing Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Healthcare
11.10.3 Telecom
11.10.4 Manufacturing
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America General and Administrative Outsourcing Analysis and Forecast
12.1 Introduction
12.2 Latin America General and Administrative Outsourcing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America General and Administrative Outsourcing Market Size Forecast by Type
12.6.1 FAO (Finance and Accounting Outsourcing)
12.6.2 RPO (Recruitment Process Outsourcing)
12.6.3 Payroll Outsourcing
12.6.4 Procurement Outsourcing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America General and Administrative Outsourcing Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Healthcare
12.10.3 Telecom
12.10.4 Manufacturing
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) General and Administrative Outsourcing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) General and Administrative Outsourcing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) General and Administrative Outsourcing Market Size Forecast by Type
13.6.1 FAO (Finance and Accounting Outsourcing)
13.6.2 RPO (Recruitment Process Outsourcing)
13.6.3 Payroll Outsourcing
13.6.4 Procurement Outsourcing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) General and Administrative Outsourcing Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Healthcare
13.10.3 Telecom
13.10.4 Manufacturing
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 General and Administrative Outsourcing Market: Competitive Dashboard
14.2 Global General and Administrative Outsourcing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Capgemini
14.3.3 IBM
14.3.4 Infosys
14.3.5 TCS
