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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.
Scope of the Report:
This report studies the Back Office Outsourcing in Financial Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Back Office Outsourcing in Financial Services market by product type and applications/end industries.
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.
The global Back Office Outsourcing in Financial Services market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Back Office Outsourcing in Financial Services.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
Accenture
Infosys
TCS
Attra Infotech
Birlasoft
Capgemini
Cognizant
Dell
eClerx
Endava
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Hardware
Software
Services
Market Segment by Applications, can be divided into
Large Players
Small Players
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Back Office Outsourcing in Financial Services Market Overview
1.1 Product Overview and Scope of Back Office Outsourcing in Financial Services
1.2 Classification of Back Office Outsourcing in Financial Services by Types
1.2.1 Global Back Office Outsourcing in Financial Services Revenue Comparison by Types (2017-2023)
1.2.2 Global Back Office Outsourcing in Financial Services Revenue Market Share by Types in 2017
1.2.3 Hardware
1.2.4 Software
1.2.5 Services
1.3 Global Back Office Outsourcing in Financial Services Market by Application
1.3.1 Global Back Office Outsourcing in Financial Services Market Size and Market Share Comparison by Applications (2013-2023)
1.3.2 Large Players
1.3.3 Small Players
1.4 Global Back Office Outsourcing in Financial Services Market by Regions
1.4.1 Global Back Office Outsourcing in Financial Services Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America (USA, Canada and Mexico) Back Office Outsourcing in Financial Services Status and Prospect (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Back Office Outsourcing in Financial Services Status and Prospect (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Back Office Outsourcing in Financial Services Status and Prospect (2013-2023)
1.4.4 South America (Brazil, Argentina, Colombia) Back Office Outsourcing in Financial Services Status and Prospect (2013-2023)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Back Office Outsourcing in Financial Services Status and Prospect (2013-2023)
1.5 Global Market Size of Back Office Outsourcing in Financial Services (2013-2023)
2 Manufacturers Profiles
2.1 Accenture
2.1.1 Business Overview
2.1.2 Back Office Outsourcing in Financial Services Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Accenture Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.2 Infosys
2.2.1 Business Overview
2.2.2 Back Office Outsourcing in Financial Services Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Infosys Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.3 TCS
2.3.1 Business Overview
2.3.2 Back Office Outsourcing in Financial Services Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 TCS Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.4 Attra Infotech
2.4.1 Business Overview
2.4.2 Back Office Outsourcing in Financial Services Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Attra Infotech Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.5 Birlasoft
2.5.1 Business Overview
2.5.2 Back Office Outsourcing in Financial Services Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Birlasoft Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.6 Capgemini
2.6.1 Business Overview
2.6.2 Back Office Outsourcing in Financial Services Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Capgemini Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.7 Cognizant
2.7.1 Business Overview
2.7.2 Back Office Outsourcing in Financial Services Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 Cognizant Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.8 Dell
2.8.1 Business Overview
2.8.2 Back Office Outsourcing in Financial Services Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 Dell Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.9 eClerx
2.9.1 Business Overview
2.9.2 Back Office Outsourcing in Financial Services Type and Applications
2.9.2.1 Product A
2.9.2.2 Product B
2.9.3 eClerx Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
2.10 Endava
2.10.1 Business Overview
2.10.2 Back Office Outsourcing in Financial Services Type and Applications
2.10.2.1 Product A
2.10.2.2 Product B
2.10.3 Endava Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2016-2017)
3 Global Back Office Outsourcing in Financial Services Market Competition, by Players
3.1 Global Back Office Outsourcing in Financial Services Revenue and Share by Players (2013-2018)
3.2 Market Concentration Rate
3.2.1 Top 5 Back Office Outsourcing in Financial Services Players Market Share
3.2.2 Top 10 Back Office Outsourcing in Financial Services Players Market Share
3.3 Market Competition Trend
4 Global Back Office Outsourcing in Financial Services Market Size by Regions
4.1 Global Back Office Outsourcing in Financial Services Revenue and Market Share by Regions
4.2 North America Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
4.3 Europe Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
4.4 Asia-Pacific Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
4.5 South America Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
4.6 Middle East and Africa Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
5 North America Back Office Outsourcing in Financial Services Revenue by Countries
5.1 North America Back Office Outsourcing in Financial Services Revenue by Countries (2013-2018)
5.2 USA Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
5.3 Canada Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
5.4 Mexico Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
6 Europe Back Office Outsourcing in Financial Services Revenue by Countries
6.1 Europe Back Office Outsourcing in Financial Services Revenue by Countries (2013-2018)
6.2 Germany Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
6.3 UK Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
6.4 France Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
6.5 Russia Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
6.6 Italy Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
7 Asia-Pacific Back Office Outsourcing in Financial Services Revenue by Countries
7.1 Asia-Pacific Back Office Outsourcing in Financial Services Revenue by Countries (2013-2018)
7.2 China Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
7.3 Japan Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
7.4 Korea Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
7.5 India Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
7.6 Southeast Asia Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
8 South America Back Office Outsourcing in Financial Services Revenue by Countries
8.1 South America Back Office Outsourcing in Financial Services Revenue by Countries (2013-2018)
8.2 Brazil Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
8.3 Argentina Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
8.4 Colombia Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
9 Middle East and Africa Revenue Back Office Outsourcing in Financial Services by Countries
9.1 Middle East and Africa Back Office Outsourcing in Financial Services Revenue by Countries (2013-2018)
9.2 Saudi Arabia Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
9.3 UAE Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
9.4 Egypt Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
9.5 Nigeria Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
9.6 South Africa Back Office Outsourcing in Financial Services Revenue and Growth Rate (2013-2018)
10 Global Back Office Outsourcing in Financial Services Market Segment by Type
10.1 Global Back Office Outsourcing in Financial Services Revenue and Market Share by Type (2013-2018)
10.2 Global Back Office Outsourcing in Financial Services Market Forecast by Type (2018-2023)
10.3 Hardware Revenue Growth Rate (2013-2023)
10.4 Software Revenue Growth Rate (2013-2023)
10.5 Services Revenue Growth Rate (2013-2023)
11 Global Back Office Outsourcing in Financial Services Market Segment by Application
11.1 Global Back Office Outsourcing in Financial Services Revenue Market Share by Application (2013-2018)
11.2 Back Office Outsourcing in Financial Services Market Forecast by Application (2018-2023)
11.3 Large Players Revenue Growth (2013-2018)
11.4 Small Players Revenue Growth (2013-2018)
12 Global Back Office Outsourcing in Financial Services Market Size Forecast (2018-2023)
12.1 Global Back Office Outsourcing in Financial Services Market Size Forecast (2018-2023)
12.2 Global Back Office Outsourcing in Financial Services Market Forecast by Regions (2018-2023)
12.3 North America Back Office Outsourcing in Financial Services Revenue Market Forecast (2018-2023)
12.4 Europe Back Office Outsourcing in Financial Services Revenue Market Forecast (2018-2023)
12.5 Asia-Pacific Back Office Outsourcing in Financial Services Revenue Market Forecast (2018-2023)
12.6 South America Back Office Outsourcing in Financial Services Revenue Market Forecast (2018-2023)
12.7 Middle East and Africa Back Office Outsourcing in Financial Services Revenue Market Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure Back Office Outsourcing in Financial Services Picture
Table Product Specifications of Back Office Outsourcing in Financial Services
Table Global Back Office Outsourc
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