Global Back Office Outsourcing in Financial Services Market, Top key players are Accenture ,Infosys ,TCS ,Attra Infotech ,Birlasoft ,Capgemini ,Cognizant ,Dell ,eClerx ,Endava
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.
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Some of the key players operating in this market include: Accenture ,Infosys ,TCS ,Attra Infotech ,Birlasoft ,Capgemini ,Cognizant ,Dell ,eClerx ,Endava
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%.
TABLE OF CONTENT:
1 Back Office Outsourcing in Financial Services Market Overview
2 Manufacturers Profiles
3 Global Back Office Outsourcing in Financial Services Market Competition, by Players
4 Global Back Office Outsourcing in Financial Services Market Size by Regions
5 North America Back Office Outsourcing in Financial Services Revenue by Countries
6 Europe Back Office Outsourcing in Financial Services Revenue by Countries
7 Asia-Pacific Back Office Outsourcing in Financial Services Revenue by Countries
8 South America Back Office Outsourcing in Financial Services Revenue by Countries
9 Middle East and Africa Revenue Back Office Outsourcing in Financial Services by Countries
10 Global Back Office Outsourcing in Financial Services Market Segment by Type
11 Global Back Office Outsourcing in Financial Services Market Segment by Application
12 Global Back Office Outsourcing in Financial Services Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
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