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Back Office Outsourcing in Financial Services-Global Market Insights and Sales Trends 2025
Synopsis
Back office outsourcing is a cost-effective arrangement that helps organizations to save up to 30% of its operational costs. This cost efficiency is achieved because the outsourcing companies help enterprises to manage routine responsibilities at very minimal costs, which in turn, reduces their overhead liabilities. Back office outsourcing companies offer several benefits to the financial institutions such as access to specific domain knowledge, best practices, new ideas, and high-quality talent for data-related services. With such quality outsourcing services, the organizations are able to deliver projects in lesser time and at affordable prices.
The global Back Office Outsourcing in Financial Services market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Back Office Outsourcing in Financial Services in various end use industries. The expanding demands from the Large Players and Small Players, are propelling Back Office Outsourcing in Financial Services market. Hardware, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Software segment is estimated at % CAGR for the next seven-year period.
A key growth driver for this market is the need for greater efficiency and productivity. Given the limited workforce and budget allocation, there are always few specific business operations that a company is not able to focus on properly. Expansion through outsourcing of these resource intensive back office functions, such as monitoring budgets, maintenance of database, fielding queries helps companies to refocus on activities that are integral to the company's growth. Also, a huge chunk of the burden of employees is also brought down through the outsourcing of these administrative and procedural back office responsibilities. This, in turn, helps them to utilize the saved time in working towards core competencies of the company. One challenge that could hamper market growth is the high attrition levels and employee turnover in BPO companies.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Back Office Outsourcing in Financial Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Back Office Outsourcing in Financial Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Back Office Outsourcing in Financial Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Back Office Outsourcing in Financial Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Back Office Outsourcing in Financial Services covered in this report include Accenture, Infosys, TCS, Attra Infotech, Birlasoft, Capgemini, Cognizant, Dell and eClerx, etc.
The global Back Office Outsourcing in Financial Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Accenture
Infosys
TCS
Attra Infotech
Birlasoft
Capgemini
Cognizant
Dell
eClerx
Endava
Global Back Office Outsourcing in Financial Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Back Office Outsourcing in Financial Services market, Segment by Type:
Hardware
Software
Services
Global Back Office Outsourcing in Financial Services market, by Application
Large Players
Small Players
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Back Office Outsourcing in Financial Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Back office outsourcing is a cost-effective arrangement that helps organizations to save up to 30% of its operational costs. This cost efficiency is achieved because the outsourcing companies help enterprises to manage routine responsibilities at very minimal costs, which in turn, reduces their overhead liabilities. Back office outsourcing companies offer several benefits to the financial institutions such as access to specific domain knowledge, best practices, new ideas, and high-quality talent for data-related services. With such quality outsourcing services, the organizations are able to deliver projects in lesser time and at affordable prices.
The global Back Office Outsourcing in Financial Services market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Back Office Outsourcing in Financial Services in various end use industries. The expanding demands from the Large Players and Small Players, are propelling Back Office Outsourcing in Financial Services market. Hardware, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Software segment is estimated at % CAGR for the next seven-year period.
A key growth driver for this market is the need for greater efficiency and productivity. Given the limited workforce and budget allocation, there are always few specific business operations that a company is not able to focus on properly. Expansion through outsourcing of these resource intensive back office functions, such as monitoring budgets, maintenance of database, fielding queries helps companies to refocus on activities that are integral to the company's growth. Also, a huge chunk of the burden of employees is also brought down through the outsourcing of these administrative and procedural back office responsibilities. This, in turn, helps them to utilize the saved time in working towards core competencies of the company. One challenge that could hamper market growth is the high attrition levels and employee turnover in BPO companies.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Back Office Outsourcing in Financial Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Back Office Outsourcing in Financial Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Back Office Outsourcing in Financial Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Back Office Outsourcing in Financial Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Back Office Outsourcing in Financial Services covered in this report include Accenture, Infosys, TCS, Attra Infotech, Birlasoft, Capgemini, Cognizant, Dell and eClerx, etc.
The global Back Office Outsourcing in Financial Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Accenture
Infosys
TCS
Attra Infotech
Birlasoft
Capgemini
Cognizant
Dell
eClerx
Endava
Global Back Office Outsourcing in Financial Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Back Office Outsourcing in Financial Services market, Segment by Type:
Hardware
Software
Services
Global Back Office Outsourcing in Financial Services market, by Application
Large Players
Small Players
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Back Office Outsourcing in Financial Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Back Office Outsourcing in Financial Services
1.1 Back Office Outsourcing in Financial Services Market Overview
1.1.1 Back Office Outsourcing in Financial Services Product Scope
1.1.2 Back Office Outsourcing in Financial Services Market Status and Outlook
1.2 Global Back Office Outsourcing in Financial Services Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Back Office Outsourcing in Financial Services Market Size by Region (2018-2029)
1.4 Global Back Office Outsourcing in Financial Services Historic Market Size by Region (2018-2023)
1.5 Global Back Office Outsourcing in Financial Services Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Back Office Outsourcing in Financial Services Market Size (2018-2029)
1.6.1 North America Back Office Outsourcing in Financial Services Market Size (2018-2029)
1.6.2 Europe Back Office Outsourcing in Financial Services Market Size (2018-2029)
1.6.3 Asia-Pacific Back Office Outsourcing in Financial Services Market Size (2018-2029)
1.6.4 Latin America Back Office Outsourcing in Financial Services Market Size (2018-2029)
1.6.5 Middle East & Africa Back Office Outsourcing in Financial Services Market Size (2018-2029)
2 Back Office Outsourcing in Financial Services Market by Type
2.1 Introduction
2.1.1 Hardware
2.1.2 Software
2.1.3 Services
2.2 Global Back Office Outsourcing in Financial Services Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Back Office Outsourcing in Financial Services Historic Market Size by Type (2018-2023)
2.2.2 Global Back Office Outsourcing in Financial Services Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Back Office Outsourcing in Financial Services Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Back Office Outsourcing in Financial Services Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Back Office Outsourcing in Financial Services Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Back Office Outsourcing in Financial Services Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Back Office Outsourcing in Financial Services Revenue Breakdown by Type (2018-2029)
3 Back Office Outsourcing in Financial Services Market Overview by Application
3.1 Introduction
3.1.1 Large Players
3.1.2 Small Players
3.2 Global Back Office Outsourcing in Financial Services Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Back Office Outsourcing in Financial Services Historic Market Size by Application (2018-2023)
3.2.2 Global Back Office Outsourcing in Financial Services Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Back Office Outsourcing in Financial Services Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Back Office Outsourcing in Financial Services Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Back Office Outsourcing in Financial Services Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Back Office Outsourcing in Financial Services Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Back Office Outsourcing in Financial Services Revenue Breakdown by Application (2018-2029)
4 Back Office Outsourcing in Financial Services Competition Analysis by Players
4.1 Global Back Office Outsourcing in Financial Services Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Back Office Outsourcing in Financial Services as of 2022)
4.3 Date of Key Players Enter into Back Office Outsourcing in Financial Services Market
4.4 Global Top Players Back Office Outsourcing in Financial Services Headquarters and Area Served
4.5 Key Players Back Office Outsourcing in Financial Services Product Solution and Service
4.6 Competitive Status
4.6.1 Back Office Outsourcing in Financial Services Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Accenture
5.1.1 Accenture Profile
5.1.2 Accenture Main Business
5.1.3 Accenture Back Office Outsourcing in Financial Services Products, Services and Solutions
5.1.4 Accenture Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.1.5 Accenture Recent Developments
5.2 Infosys
5.2.1 Infosys Profile
5.2.2 Infosys Main Business
5.2.3 Infosys Back Office Outsourcing in Financial Services Products, Services and Solutions
5.2.4 Infosys Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.2.5 Infosys Recent Developments
5.3 TCS
5.3.1 TCS Profile
5.3.2 TCS Main Business
5.3.3 TCS Back Office Outsourcing in Financial Services Products, Services and Solutions
5.3.4 TCS Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.3.5 Attra Infotech Recent Developments
5.4 Attra Infotech
5.4.1 Attra Infotech Profile
5.4.2 Attra Infotech Main Business
5.4.3 Attra Infotech Back Office Outsourcing in Financial Services Products, Services and Solutions
5.4.4 Attra Infotech Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.4.5 Attra Infotech Recent Developments
5.5 Birlasoft
5.5.1 Birlasoft Profile
5.5.2 Birlasoft Main Business
5.5.3 Birlasoft Back Office Outsourcing in Financial Services Products, Services and Solutions
5.5.4 Birlasoft Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.5.5 Birlasoft Recent Developments
5.6 Capgemini
5.6.1 Capgemini Profile
5.6.2 Capgemini Main Business
5.6.3 Capgemini Back Office Outsourcing in Financial Services Products, Services and Solutions
5.6.4 Capgemini Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.6.5 Capgemini Recent Developments
5.7 Cognizant
5.7.1 Cognizant Profile
5.7.2 Cognizant Main Business
5.7.3 Cognizant Back Office Outsourcing in Financial Services Products, Services and Solutions
5.7.4 Cognizant Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.7.5 Cognizant Recent Developments
5.8 Dell
5.8.1 Dell Profile
5.8.2 Dell Main Business
5.8.3 Dell Back Office Outsourcing in Financial Services Products, Services and Solutions
5.8.4 Dell Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.8.5 Dell Recent Developments
5.9 eClerx
5.9.1 eClerx Profile
5.9.2 eClerx Main Business
5.9.3 eClerx Back Office Outsourcing in Financial Services Products, Services and Solutions
5.9.4 eClerx Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.9.5 eClerx Recent Developments
5.10 Endava
5.10.1 Endava Profile
5.10.2 Endava Main Business
5.10.3 Endava Back Office Outsourcing in Financial Services Products, Services and Solutions
5.10.4 Endava Back Office Outsourcing in Financial Services Revenue (US$ Million) & (2018-2023)
5.10.5 Endava Recent Developments
6 North America
6.1 North America Back Office Outsourcing in Financial Services Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Back Office Outsourcing in Financial Services Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Back Office Outsourcing in Financial Services Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Back Office Outsourcing in Financial Services Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Back Office Outsourcing in Financial Services Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Back Office Outsourcing in Financial Services Market Dynamics
11.1 Back Office Outsourcing in Financial Services Industry Trends
11.2 Back Office Outsourcing in Financial Services Market Drivers
11.3 Back Office Outsourcing in Financial Services Market Challenges
11.4 Back Office Outsourcing in Financial Services Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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