Global Middle Office Outsourcing Market 2019-2023 | 9% CAGR Projection over the Next Five Years | Technavio

Technavio has released a new market research report on the global middle office outsourcing market from 2019-2023. (Graphic: Business Wire)

LONDON--()--The global middle office outsourcing market is expected to post a CAGR of more than 9% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the global middle office outsourcing market size is the need for new technologies and budget constraints. Financial institutions are increasingly leveraging technological innovations to overcome the complexities in their operations and increase their customer base. Most of the financial institutions have traditional IT infrastructure, which poses a major challenge while implementing new applications. Thus, vendors in the middle office outsourcing market are investing significantly in the development of outsourcing platforms to help financial institutions address this challenge. The middle office outsourcing service providers allow financial institutions to leverage new technologies such as cloud solutions and robotic process automation (RPA). Thus, the need for new technologies and budget constraints are expected to stimulate the middle office outsourcing market growth during the forecast period.

As per Technavio, the rise of automation and cloud solutions will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global middle office outsourcing market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Middle Office Outsourcing Market: Rise of Automation and Cloud Solutions

The optimization of middle office operations is crucial for financial institutions to overcome issues of workflow disruption and wrong reporting. Automation has emerged as a key trend in the market, which promises to enable elimination of unnecessary processes, provide valuable insights, cut down costs, and reduce operational risks. Furthermore, cloud-based solutions such as the SaaS middle office model are being adopted to cut down on deployment and operational costs. Thus, the advent of cloud solutions and increasing automation will drive the growth of the middle office outsourcing market value during the forecast period.

“Apart from the rise of automation and cloud solutions, other factors such as the growing security concerns, increased processing complexities in the middle office, and the growing necessity for regulatory compliances will have a significant impact on the middle office outsourcing market growth during the forecast period,” says a senior analyst at Technavio.

Global Middle Office Outsourcing Market: Segmentation Analysis

This market research report segments the global middle office outsourcing market by end-user (investment banking and management, broker-dealers, stock exchange, and others), and geographic regions (North America, Europe, APAC, MEA, and South America).

The North American region led the middle office outsourcing market in 2018, followed by Europe, APAC, MEA, and South America respectively. The growth of the middle office outsourcing market in North America can be attributed to factors such as the advent of new technologies such as AI, ML and deep learning, and the booming financial services sector in the region.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global middle office outsourcing market is expected to post a CAGR of more than 9% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com