NEW YORK, Dec. 8, 2023 /PRNewswire/ — The Middle Office Outsourcing Market report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the middle office outsourcing market between 2023 and 2028 is USD 3.67 billion.

The need for new technologies and budget constraints are driving the middle office outsourcing market growth. The increasing customer base, growing complexity of operations, and strong competition are encouraging financial institutions to leverage the benefits of technological innovations to enhance their operations. Financial institutions should work on interfaces between the middle office and front office, as most small- and medium-scale financial institutions have budget constraints regarding infrastructure upgrades and hiring skilled labor, among others. Moreover, AI and ML can be used to optimize processes, address exceptions, and increase output. Such innovations will drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

• Market Challenge – Implementation delays in outsourcing are challenging market growth. Interruptions in business as usual (BAU), inaccurate defining of the scope of business requirements, downsizing of staff, and the lack of consolidation of systems are some of the reasons behind delays. Issues such as a delay in sending responses to regulators and resolving collateral disputes can lead to problems for financial institutions. Therefore, asset managers need to follow a systematic approach to implement middle office outsourcing models, which can hinder market growth during the forecast period. Learn about additional key drivers, trends, and challenges available with Technavio. Read a FREE Sample PDF Report Now

The middle office outsourcing market is segmented based on End-user (Investment banking and management, Broker-dealers, Stock exchange, and Others), Deployment (On-premises and Cloud), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The investment banking and management segment will be significant during the forecast period. Most outsourcing in investment banking and management includes entities such as borrowers, peer-to-peer (P2P) lending platforms, and investors in the market. In general, the responsibilities of middle office outsourcing services in investment banking and management include structuring fees and offering low investment costs to investors. CACEIS offers comprehensive middle office outsourcing services with features like CACEIS’s middle office outsourcing services include full trade management, independent portfolio record keeping, and daily reconciliations with depositaries and fund administrators. Their production centers are available across the world, ensuring a geographical presence. Additionally, they offer the service to all types of investor managers, including entrepreneurial management companies, average-size and large management companies, and institutions managing their own portfolios.
• North America will contribute 43% to the growth of the global market during the forecast period. View a FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the middle office outsourcing market:

Accenture Plc, Apex Group Ltd., BNP Paribas SA, Brown Brothers Harriman and Co., Citigroup Inc., Credit Agricole SA, Empaxis Data Management Inc., HedgeGuard, Hexaware Technologies Ltd., Indus Valley Partners, JPMorgan Chase and Co., Linedata Services S.A., Northern Trust Corp., Royal Bank of Canada, SEI investment Co., Societe Generale SA, SS and C Technologies Holdings Inc., State Street Corp., The Bank of New York Mellon Corp., WNS Holdings Ltd.

Related Reports:

• The medical billing outsourcing market is estimated to grow at a CAGR of 15.73% between 2022 and 2027. The size of the market is forecast to increase by USD 11,704.49 million.
• The Data Analytics Outsourcing Market size is estimated to grow at a CAGR of 32.59% between 2022 and 2027. The market size is forecast to increase by USD 23,111.4 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Deployment

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

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SOURCE Technavio