IMARC Group, a leading market research company, has recently releases report titled “Middle Office Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global middle office outsourcing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the middle office outsourcing market?
The global middle office outsourcing market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.0% during 2023-2028.
What is Middle Office Outsourcing?
Middle office outsourcing is the process of hiring a third-party provider to handle post-trade and pre-settlement operations for financial services companies, investment banks, or hedge funds. It assists in saving money on non-core functions, improving customer satisfaction and services, reducing overhead costs, enhancing operational efficiency, and gaining a competitive advantage. In addition, outsourcing middle office tasks like reconciliation, reporting, billing, portfolio accounting, and staff augmentation prevent workflow disruptions and incorrect reporting. Owing to these benefits, middle office outsourcing is widely utilized by various financial organizations across the globe.
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What are the growth prospects and trends in the Middle Office Outsourcing industry?
The market is primarily driven by the increasing operational complexities and the consequent need for infrastructure upgradation in the finances of numerous end-use industries. In addition, the implementation of stringent rules by regulatory authorities related to transparency in financial organizations represents another major growth-inducing factor. Besides this, various organizations are integrating machine learning (ML), artificial intelligence (AI), and the internet of things (IoT) technologies to ensure report accuracy by automating data consumption and detecting error and compliance violations. This, coupled with the rising adoption of blockchain solutions on a trial basis, such as collateral management and reconciliation by outsourcing service providers, is positively influencing the market growth. Moreover, the increasing number of small and medium-scale financial institutions and the rising need to manage in-house operations are also creating a positive market outlook across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- Accenture Plc
- Adepa Global Services S.A.
- Apex Group Ltd.
- Caceis
- Empaxis Data Management Inc.
- Indus Valley Partners.
- JPMorgan Chase & Co.
- Linedata
- Northern Trust Corporation
- Royal Bank of Canada
- Societe Generale Securities Services
- SS&C Technologies Inc.
- State Street Corporation
- The Bank of New York Mellon Corporation
What is included in market segmentation?
The report has segmented the market into the following categories:
Offering Insights:
- Portfolio Management
- Trade Management
- Others
Deployment Model Insights:
- Cloud-based
- On-premises
End User Insights:
- Investment Banking and Management
- Broker-Dealers
- Stock Exchanges
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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