Report Detail

Service & Software Global Back Office Outsourcing in Financial Services Market 2024 by Company, Regions, Type and Application, Forecast to 2030

  • RnM4603647
  • |
  • 20 July, 2024
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  • Global
  • |
  • 103 Pages
  • |
  • GIR (Global Info Research)
  • |
  • Service & Software

According to our (Global Info Research) latest study, the global Back Office Outsourcing in Financial Services market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
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. 
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 Info Research report includes an overview of the development of the Back Office Outsourcing in Financial Services industry chain, the market status of Large Players (Hardware, Software), Small Players (Hardware, Software), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Back Office Outsourcing in Financial Services.
Regionally, the report analyzes the Back Office Outsourcing in Financial Services markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Back Office Outsourcing in Financial Services market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Back Office Outsourcing in Financial Services market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Back Office Outsourcing in Financial Services industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Hardware, Software).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Back Office Outsourcing in Financial Services market.
Regional Analysis: The report involves examining the Back Office Outsourcing in Financial Services market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Back Office Outsourcing in Financial Services market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Back Office Outsourcing in Financial Services:
Company Analysis: Report covers individual Back Office Outsourcing in Financial Services players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Back Office Outsourcing in Financial Services This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Large Players, Small Players).
Technology Analysis: Report covers specific technologies relevant to Back Office Outsourcing in Financial Services. It assesses the current state, advancements, and potential future developments in Back Office Outsourcing in Financial Services areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Back Office Outsourcing in Financial Services market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Back Office Outsourcing in Financial Services market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Hardware
Software
Services
Market segment by Application
Large Players
Small Players
Market segment by players, 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, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Back Office Outsourcing in Financial Services product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Back Office Outsourcing in Financial Services, with revenue, gross margin and global market share of Back Office Outsourcing in Financial Services from 2019 to 2024.
Chapter 3, the Back Office Outsourcing in Financial Services competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Back Office Outsourcing in Financial Services market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Back Office Outsourcing in Financial Services.
Chapter 13, to describe Back Office Outsourcing in Financial Services research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Back Office Outsourcing in Financial Services
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Back Office Outsourcing in Financial Services by Type
    • 1.3.1 Overview: Global Back Office Outsourcing in Financial Services Market Size by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Global Back Office Outsourcing in Financial Services Consumption Value Market Share by Type in 2023
    • 1.3.3 Hardware
    • 1.3.4 Software
    • 1.3.5 Services
  • 1.4 Global Back Office Outsourcing in Financial Services Market by Application
    • 1.4.1 Overview: Global Back Office Outsourcing in Financial Services Market Size by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Large Players
    • 1.4.3 Small Players
  • 1.5 Global Back Office Outsourcing in Financial Services Market Size & Forecast
  • 1.6 Global Back Office Outsourcing in Financial Services Market Size and Forecast by Region
    • 1.6.1 Global Back Office Outsourcing in Financial Services Market Size by Region: 2019 VS 2023 VS 2030
    • 1.6.2 Global Back Office Outsourcing in Financial Services Market Size by Region, (2019-2030)
    • 1.6.3 North America Back Office Outsourcing in Financial Services Market Size and Prospect (2019-2030)
    • 1.6.4 Europe Back Office Outsourcing in Financial Services Market Size and Prospect (2019-2030)
    • 1.6.5 Asia-Pacific Back Office Outsourcing in Financial Services Market Size and Prospect (2019-2030)
    • 1.6.6 South America Back Office Outsourcing in Financial Services Market Size and Prospect (2019-2030)
    • 1.6.7 Middle East and Africa Back Office Outsourcing in Financial Services Market Size and Prospect (2019-2030)

2 Company Profiles

  • 2.1 Accenture
    • 2.1.1 Accenture Details
    • 2.1.2 Accenture Major Business
    • 2.1.3 Accenture Back Office Outsourcing in Financial Services Product and Solutions
    • 2.1.4 Accenture Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Accenture Recent Developments and Future Plans
  • 2.2 Infosys
    • 2.2.1 Infosys Details
    • 2.2.2 Infosys Major Business
    • 2.2.3 Infosys Back Office Outsourcing in Financial Services Product and Solutions
    • 2.2.4 Infosys Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Infosys Recent Developments and Future Plans
  • 2.3 TCS
    • 2.3.1 TCS Details
    • 2.3.2 TCS Major Business
    • 2.3.3 TCS Back Office Outsourcing in Financial Services Product and Solutions
    • 2.3.4 TCS Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 TCS Recent Developments and Future Plans
  • 2.4 Attra Infotech
    • 2.4.1 Attra Infotech Details
    • 2.4.2 Attra Infotech Major Business
    • 2.4.3 Attra Infotech Back Office Outsourcing in Financial Services Product and Solutions
    • 2.4.4 Attra Infotech Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 Attra Infotech Recent Developments and Future Plans
  • 2.5 Birlasoft
    • 2.5.1 Birlasoft Details
    • 2.5.2 Birlasoft Major Business
    • 2.5.3 Birlasoft Back Office Outsourcing in Financial Services Product and Solutions
    • 2.5.4 Birlasoft Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Birlasoft Recent Developments and Future Plans
  • 2.6 Capgemini
    • 2.6.1 Capgemini Details
    • 2.6.2 Capgemini Major Business
    • 2.6.3 Capgemini Back Office Outsourcing in Financial Services Product and Solutions
    • 2.6.4 Capgemini Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 Capgemini Recent Developments and Future Plans
  • 2.7 Cognizant
    • 2.7.1 Cognizant Details
    • 2.7.2 Cognizant Major Business
    • 2.7.3 Cognizant Back Office Outsourcing in Financial Services Product and Solutions
    • 2.7.4 Cognizant Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 Cognizant Recent Developments and Future Plans
  • 2.8 Dell
    • 2.8.1 Dell Details
    • 2.8.2 Dell Major Business
    • 2.8.3 Dell Back Office Outsourcing in Financial Services Product and Solutions
    • 2.8.4 Dell Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Dell Recent Developments and Future Plans
  • 2.9 eClerx
    • 2.9.1 eClerx Details
    • 2.9.2 eClerx Major Business
    • 2.9.3 eClerx Back Office Outsourcing in Financial Services Product and Solutions
    • 2.9.4 eClerx Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 eClerx Recent Developments and Future Plans
  • 2.10 Endava
    • 2.10.1 Endava Details
    • 2.10.2 Endava Major Business
    • 2.10.3 Endava Back Office Outsourcing in Financial Services Product and Solutions
    • 2.10.4 Endava Back Office Outsourcing in Financial Services Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 Endava Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Back Office Outsourcing in Financial Services Revenue and Share by Players (2019-2024)
  • 3.2 Market Share Analysis (2023)
    • 3.2.1 Market Share of Back Office Outsourcing in Financial Services by Company Revenue
    • 3.2.2 Top 3 Back Office Outsourcing in Financial Services Players Market Share in 2023
    • 3.2.3 Top 6 Back Office Outsourcing in Financial Services Players Market Share in 2023
  • 3.3 Back Office Outsourcing in Financial Services Market: Overall Company Footprint Analysis
    • 3.3.1 Back Office Outsourcing in Financial Services Market: Region Footprint
    • 3.3.2 Back Office Outsourcing in Financial Services Market: Company Product Type Footprint
    • 3.3.3 Back Office Outsourcing in Financial Services Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Back Office Outsourcing in Financial Services Consumption Value and Market Share by Type (2019-2024)
  • 4.2 Global Back Office Outsourcing in Financial Services Market Forecast by Type (2025-2030)

5 Market Size Segment by Application

  • 5.1 Global Back Office Outsourcing in Financial Services Consumption Value Market Share by Application (2019-2024)
  • 5.2 Global Back Office Outsourcing in Financial Services Market Forecast by Application (2025-2030)

6 North America

  • 6.1 North America Back Office Outsourcing in Financial Services Consumption Value by Type (2019-2030)
  • 6.2 North America Back Office Outsourcing in Financial Services Consumption Value by Application (2019-2030)
  • 6.3 North America Back Office Outsourcing in Financial Services Market Size by Country
    • 6.3.1 North America Back Office Outsourcing in Financial Services Consumption Value by Country (2019-2030)
    • 6.3.2 United States Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 6.3.3 Canada Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 6.3.4 Mexico Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)

7 Europe

  • 7.1 Europe Back Office Outsourcing in Financial Services Consumption Value by Type (2019-2030)
  • 7.2 Europe Back Office Outsourcing in Financial Services Consumption Value by Application (2019-2030)
  • 7.3 Europe Back Office Outsourcing in Financial Services Market Size by Country
    • 7.3.1 Europe Back Office Outsourcing in Financial Services Consumption Value by Country (2019-2030)
    • 7.3.2 Germany Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 7.3.3 France Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 7.3.4 United Kingdom Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 7.3.5 Russia Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 7.3.6 Italy Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)

8 Asia-Pacific

  • 8.1 Asia-Pacific Back Office Outsourcing in Financial Services Consumption Value by Type (2019-2030)
  • 8.2 Asia-Pacific Back Office Outsourcing in Financial Services Consumption Value by Application (2019-2030)
  • 8.3 Asia-Pacific Back Office Outsourcing in Financial Services Market Size by Region
    • 8.3.1 Asia-Pacific Back Office Outsourcing in Financial Services Consumption Value by Region (2019-2030)
    • 8.3.2 China Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 8.3.3 Japan Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 8.3.4 South Korea Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 8.3.5 India Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 8.3.6 Southeast Asia Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 8.3.7 Australia Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)

9 South America

  • 9.1 South America Back Office Outsourcing in Financial Services Consumption Value by Type (2019-2030)
  • 9.2 South America Back Office Outsourcing in Financial Services Consumption Value by Application (2019-2030)
  • 9.3 South America Back Office Outsourcing in Financial Services Market Size by Country
    • 9.3.1 South America Back Office Outsourcing in Financial Services Consumption Value by Country (2019-2030)
    • 9.3.2 Brazil Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 9.3.3 Argentina Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)

10 Middle East & Africa

  • 10.1 Middle East & Africa Back Office Outsourcing in Financial Services Consumption Value by Type (2019-2030)
  • 10.2 Middle East & Africa Back Office Outsourcing in Financial Services Consumption Value by Application (2019-2030)
  • 10.3 Middle East & Africa Back Office Outsourcing in Financial Services Market Size by Country
    • 10.3.1 Middle East & Africa Back Office Outsourcing in Financial Services Consumption Value by Country (2019-2030)
    • 10.3.2 Turkey Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 10.3.3 Saudi Arabia Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)
    • 10.3.4 UAE Back Office Outsourcing in Financial Services Market Size and Forecast (2019-2030)

11 Market Dynamics

  • 11.1 Back Office Outsourcing in Financial Services Market Drivers
  • 11.2 Back Office Outsourcing in Financial Services Market Restraints
  • 11.3 Back Office Outsourcing in Financial Services Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Back Office Outsourcing in Financial Services Industry Chain
  • 12.2 Back Office Outsourcing in Financial Services Upstream Analysis
  • 12.3 Back Office Outsourcing in Financial Services Midstream Analysis
  • 12.4 Back Office Outsourcing in Financial Services Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Back Office Outsourcing in Financial Services. Industry analysis & Market Report on Back Office Outsourcing in Financial Services is a syndicated market report, published as Global Back Office Outsourcing in Financial Services Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Back Office Outsourcing in Financial Services market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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