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Global Back Office Outsourcing in Financial Services Market Research Report 2024
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 was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Back Office Outsourcing in Financial Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Back Office Outsourcing in Financial Services.
Report Scope
The Back Office Outsourcing in Financial Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Back Office Outsourcing in Financial Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Back Office Outsourcing in Financial Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Accenture
Infosys
TCS
Attra Infotech
Birlasoft
Capgemini
Cognizant
Dell
eClerx
Endava
Segment by Type
Hardware
Software
Services
Segment by Application
Large Players
Small Players
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Back Office Outsourcing in Financial Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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 was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Back Office Outsourcing in Financial Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Back Office Outsourcing in Financial Services.
Report Scope
The Back Office Outsourcing in Financial Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Back Office Outsourcing in Financial Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Back Office Outsourcing in Financial Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Accenture
Infosys
TCS
Attra Infotech
Birlasoft
Capgemini
Cognizant
Dell
eClerx
Endava
Segment by Type
Hardware
Software
Services
Segment by Application
Large Players
Small Players
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Back Office Outsourcing in Financial Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Back Office Outsourcing in Financial Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Hardware
1.2.3 Software
1.2.4 Services
1.3 Market by Application
1.3.1 Global Back Office Outsourcing in Financial Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Large Players
1.3.3 Small Players
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Back Office Outsourcing in Financial Services Market Perspective (2019-2030)
2.2 Back Office Outsourcing in Financial Services Growth Trends by Region
2.2.1 Global Back Office Outsourcing in Financial Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Back Office Outsourcing in Financial Services Historic Market Size by Region (2019-2024)
2.2.3 Back Office Outsourcing in Financial Services Forecasted Market Size by Region (2025-2030)
2.3 Back Office Outsourcing in Financial Services Market Dynamics
2.3.1 Back Office Outsourcing in Financial Services Industry Trends
2.3.2 Back Office Outsourcing in Financial Services Market Drivers
2.3.3 Back Office Outsourcing in Financial Services Market Challenges
2.3.4 Back Office Outsourcing in Financial Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Back Office Outsourcing in Financial Services Players by Revenue
3.1.1 Global Top Back Office Outsourcing in Financial Services Players by Revenue (2019-2024)
3.1.2 Global Back Office Outsourcing in Financial Services Revenue Market Share by Players (2019-2024)
3.2 Global Back Office Outsourcing in Financial Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Back Office Outsourcing in Financial Services Revenue
3.4 Global Back Office Outsourcing in Financial Services Market Concentration Ratio
3.4.1 Global Back Office Outsourcing in Financial Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Back Office Outsourcing in Financial Services Revenue in 2023
3.5 Back Office Outsourcing in Financial Services Key Players Head office and Area Served
3.6 Key Players Back Office Outsourcing in Financial Services Product Solution and Service
3.7 Date of Enter into Back Office Outsourcing in Financial Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Back Office Outsourcing in Financial Services Breakdown Data by Type
4.1 Global Back Office Outsourcing in Financial Services Historic Market Size by Type (2019-2024)
4.2 Global Back Office Outsourcing in Financial Services Forecasted Market Size by Type (2025-2030)
5 Back Office Outsourcing in Financial Services Breakdown Data by Application
5.1 Global Back Office Outsourcing in Financial Services Historic Market Size by Application (2019-2024)
5.2 Global Back Office Outsourcing in Financial Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Back Office Outsourcing in Financial Services Market Size (2019-2030)
6.2 North America Back Office Outsourcing in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Back Office Outsourcing in Financial Services Market Size by Country (2019-2024)
6.4 North America Back Office Outsourcing in Financial Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Back Office Outsourcing in Financial Services Market Size (2019-2030)
7.2 Europe Back Office Outsourcing in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Back Office Outsourcing in Financial Services Market Size by Country (2019-2024)
7.4 Europe Back Office Outsourcing in Financial Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Back Office Outsourcing in Financial Services Market Size (2019-2030)
8.2 Asia-Pacific Back Office Outsourcing in Financial Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Back Office Outsourcing in Financial Services Market Size by Region (2019-2024)
8.4 Asia-Pacific Back Office Outsourcing in Financial Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Back Office Outsourcing in Financial Services Market Size (2019-2030)
9.2 Latin America Back Office Outsourcing in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Back Office Outsourcing in Financial Services Market Size by Country (2019-2024)
9.4 Latin America Back Office Outsourcing in Financial Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Back Office Outsourcing in Financial Services Market Size (2019-2030)
10.2 Middle East & Africa Back Office Outsourcing in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Back Office Outsourcing in Financial Services Market Size by Country (2019-2024)
10.4 Middle East & Africa Back Office Outsourcing in Financial Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Accenture
11.1.1 Accenture Company Detail
11.1.2 Accenture Business Overview
11.1.3 Accenture Back Office Outsourcing in Financial Services Introduction
11.1.4 Accenture Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.1.5 Accenture Recent Development
11.2 Infosys
11.2.1 Infosys Company Detail
11.2.2 Infosys Business Overview
11.2.3 Infosys Back Office Outsourcing in Financial Services Introduction
11.2.4 Infosys Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.2.5 Infosys Recent Development
11.3 TCS
11.3.1 TCS Company Detail
11.3.2 TCS Business Overview
11.3.3 TCS Back Office Outsourcing in Financial Services Introduction
11.3.4 TCS Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.3.5 TCS Recent Development
11.4 Attra Infotech
11.4.1 Attra Infotech Company Detail
11.4.2 Attra Infotech Business Overview
11.4.3 Attra Infotech Back Office Outsourcing in Financial Services Introduction
11.4.4 Attra Infotech Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.4.5 Attra Infotech Recent Development
11.5 Birlasoft
11.5.1 Birlasoft Company Detail
11.5.2 Birlasoft Business Overview
11.5.3 Birlasoft Back Office Outsourcing in Financial Services Introduction
11.5.4 Birlasoft Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.5.5 Birlasoft Recent Development
11.6 Capgemini
11.6.1 Capgemini Company Detail
11.6.2 Capgemini Business Overview
11.6.3 Capgemini Back Office Outsourcing in Financial Services Introduction
11.6.4 Capgemini Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.6.5 Capgemini Recent Development
11.7 Cognizant
11.7.1 Cognizant Company Detail
11.7.2 Cognizant Business Overview
11.7.3 Cognizant Back Office Outsourcing in Financial Services Introduction
11.7.4 Cognizant Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.7.5 Cognizant Recent Development
11.8 Dell
11.8.1 Dell Company Detail
11.8.2 Dell Business Overview
11.8.3 Dell Back Office Outsourcing in Financial Services Introduction
11.8.4 Dell Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.8.5 Dell Recent Development
11.9 eClerx
11.9.1 eClerx Company Detail
11.9.2 eClerx Business Overview
11.9.3 eClerx Back Office Outsourcing in Financial Services Introduction
11.9.4 eClerx Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.9.5 eClerx Recent Development
11.10 Endava
11.10.1 Endava Company Detail
11.10.2 Endava Business Overview
11.10.3 Endava Back Office Outsourcing in Financial Services Introduction
11.10.4 Endava Revenue in Back Office Outsourcing in Financial Services Business (2019-2024)
11.10.5 Endava Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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