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About the Back Office Outsourcing Market in the Financial Services Sector
Outsourcing refers to the transfer of business functions or services to a third-party service provider on a contractual basis. Companies primarily outsource to reduce costs and reap potential benefits such as gaining access to skilled expertise, flexible staffing, reduce turnaround time, improve efficiency, and generate more profits.
Outsourcing is often divided into two broad categories, back office outsourcing, and front office outsourcing. Front office outsourcing often deals with customer-related services such as marketing. Back office functions comprise those tasks that help in keeping a business running smoothly and efficiently. They, however, do not make up the core of the company business.
Technavio’s analysts forecast the Global Back Office Outsourcing Market in the Financial Services Sector to grow at a CAGR of 7.46% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Back Office Outsourcing Market in the Financial Services Sector for 2016-2020.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Back Office Outsourcing Market in the Financial Services Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Accenture
• IBM
• Infosys
• TCS
Other prominent vendors
• Aegis
• Attra Infotech
• Birlasoft
• Capgemini
• CGI
• Cognizant
• CSC
• Dell
• eClerx
• Endava
• EPAM
• EXL
• HCL
• Hexaware
• HP
• iGate
• Infosys
• ITC Infotech
• L&T Infotech
• Luxoft
• Mindtree
• Mphasis
• NIIT Technologies
• Polaris Consulting and Services
• Serco Global Services
• Softtek
• Sutherland Global Services
• Syntel
• Tech Mahindra
• Unisys
• Virtusa
• Viteos Fund Services
• Wipro
• WNS
• Xchanging
• Xerox
• Zensar
Market driver
• Greater efficiency and productivity
• For a full, detailed list, view our report
Market challenge
• High level of attrition and employee turnover
• For a full, detailed list, view our report
Market trend
• Increased adoption of digital and mobile solutions
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Outsourcing refers to the transfer of business functions or services to a third-party service provider on a contractual basis. Companies primarily outsource to reduce costs and reap potential benefits such as gaining access to skilled expertise, flexible staffing, reduce turnaround time, improve efficiency, and generate more profits.
Outsourcing is often divided into two broad categories, back office outsourcing, and front office outsourcing. Front office outsourcing often deals with customer-related services such as marketing. Back office functions comprise those tasks that help in keeping a business running smoothly and efficiently. They, however, do not make up the core of the company business.
Technavio’s analysts forecast the Global Back Office Outsourcing Market in the Financial Services Sector to grow at a CAGR of 7.46% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Back Office Outsourcing Market in the Financial Services Sector for 2016-2020.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Back Office Outsourcing Market in the Financial Services Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Accenture
• IBM
• Infosys
• TCS
Other prominent vendors
• Aegis
• Attra Infotech
• Birlasoft
• Capgemini
• CGI
• Cognizant
• CSC
• Dell
• eClerx
• Endava
• EPAM
• EXL
• HCL
• Hexaware
• HP
• iGate
• Infosys
• ITC Infotech
• L&T Infotech
• Luxoft
• Mindtree
• Mphasis
• NIIT Technologies
• Polaris Consulting and Services
• Serco Global Services
• Softtek
• Sutherland Global Services
• Syntel
• Tech Mahindra
• Unisys
• Virtusa
• Viteos Fund Services
• Wipro
• WNS
• Xchanging
• Xerox
• Zensar
Market driver
• Greater efficiency and productivity
• For a full, detailed list, view our report
Market challenge
• High level of attrition and employee turnover
• For a full, detailed list, view our report
Market trend
• Increased adoption of digital and mobile solutions
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
