Global Outsourcing Market in BFS Sector 2014-2018

2014-08-06
Price :
Published : Aug-2014
No. of Pages : 57

Report Description

The BFS sector throughout the world is increasingly outsourcing its activities to third parties. Financial firms and banks are outsourcing their regulated and non-regulated activities. The BFS sector outsources its activities to reduce costs and to achieve strategic aims such as identifying investment areas. The BFS sector commonly outsources its IT services requirements such as applications development, programming and coding, specific operations related to F&A, back-office activities and processing, and administration and contract functions. Outsourcing enables companies to transfer their risks and meet changing regulatory frameworks.

TechNavio’s analysts forecast the Global Outsourcing market in the BFS sector will grow at a CAGR of 7.07 percent over the period 2013-2018.

Covered in this Report

The Global Outsourcing market in the BFS sector is categorized by domain into the following segments: Retail, Mortgage, Brokerage, Commercial Corporate, Capital Markets and Wealth Management, and Shared Services.

TechNavio’s report, the Global Outsourcing Market in the BFS Sector 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Global Outsourcing market in the BFS sector market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • Accenture plc
  • Genpact Ltd.
  • IBM Corp.
  • TCS Ltd.

Other Prominent Vendors

  • Aegis Ltd.
  • Cap Gemini SA
  • Cognizant Technology Solutions Corp.
  • Computer Sciences Corp.
  • EXL Business Process Solutions
  • Infosys Ltd.
  • Wipro Ltd.
  • WNS Holdings Ltd.
  • Xerox Corp.

Key Market Driver

  • Cost-effective Operations
  • For a full, detailed list, view our report.

Key Market Challenge

  • Data Security
  • For a full, detailed list, view our report.

Key Market Trend

  • Rising Demand in Mortgage Market
  • For a full, detailed list, view our report.

Key Questions Answered in this Report

  • What will the market size be in 2018 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?

Table of Contents

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings

04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology

05. Introduction

06. Market Landscape
06.1 Market Overview
06.1.1 Retail Banking
06.1.2 Mortgage
06.1.3 Brokerage
06.1.4 Commercial Corporates
06.1.5 Capital Markets
06.1.6 Shared Services
06.2 Market Size and Forecast
06.3 State of Outsourcing Deals by Volumes
06.4 State of Outsourcing Deals - Banking Sector
06.5 State of Outsourcing Deals - Financial Services Sector
06.6 Five Forces Analysis

07. Market Segmentation by Services
07.1 Global Outsourcing Market in BFS Sector by Services 2013
07.2 ITO deals by Functions
07.3 BPO Deals by Functions

08. Geographical Segmentation
08.1 Outsourcing Market in BFS Sector by Geographical Segmentation 2013

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape
16.1 Market Share Analysis 2013
16.2 Other Prominent Vendors
16.2.1 Aegis Ltd.
16.2.2 Capgemini S.A
16.2.3 Cognizant
16.2.4 Computer Sciences Corp.
16.2.5 EXL Business Process Solutions
16.2.6 Infosys
16.2.7 WNS Holdings Ltd.
16.2.8 Wipro Ltd.
16.2.9 Business Segmentation
16.2.10 Xerox Corp.

17. Key Vendor Analysis
17.1 Accenture
17.1.1 Business Overview
17.1.2 Business Segmentation
17.1.3 Key Information
17.1.4 SWOT Analysis
17.2 IBM Corp.
17.2.1 Business Overview
17.2.2 Business Segmentation
17.2.3 Key Information
17.2.4 SWOT Analysis
17.3 Genpact
17.3.1 Business Overview
17.3.2 Business Segmentation
17.3.3 Key Information
17.3.4 SWOT Analysis
17.4 TCS
17.4.1 Business Overview
17.4.2 Business Segmentation
17.4.3 Key Information
17.4.4 SWOT Analysis

18. Other Reports in this Series

List of Exhibits

Exhibit 1: Market Research Methodology
Exhibit 2: Overview: Outsourcing in BFS sector
Exhibit 3: Global Outsourcing Market in BFS Sector 2013-2018 (US$ billion)
Exhibit 4: Outsourcing Deals 2013
Exhibit 5: Outsourcing Deals within the Banking Industry 2013
Exhibit 6: Outsourcing Deals within Financial Services 2013
Exhibit 7: ITO vs BPO deals by Volumes  in Banking Sector, 2013
Exhibit 8: ITO vs BPO deals by Volumes  in Financial Services, 2013
Exhibit 9: ITO deals by Functions, 2013
Exhibit 10: BPO Deals by Functions 2013
Exhibit 11: Outsourcing Market in BFS Sector by Geographical Segmentation, 2013
Exhibit 12: Business Solutions: Aegis Ltd
Exhibit 13: Business Segmentation: Cognizant
Exhibit 14: Business Segmentation: Wipro Ltd.
Exhibit 15: Business Segmentation: Xerox Corp.
Exhibit 16: Business Services: Xerox Corp.
Exhibit 17: Business Segmentation: Accenture plc
Exhibit 18: Business Segmentation: IBM
Exhibit 19: Business Segmentation: Genpact
Exhibit 20: Business Segmentation: TCS

Press Release

TechNavio Announces the Publication of its Research Report - Global Outsourcing Market in BFS Sector 2014-2018

TechNavio recognizes the following companies as the key players in the Global 3D TV Market: Accenture plc, Genpact Ltd., IBM Corp. and TCS Ltd.

Other Prominent Vendors in the market are: Aegis, CapeGemini, Wipro, Infosys, WNS Holdings, EXL and CSC.

Commenting on the report, an analyst from TechNavio’s team said: “Rising demand in the mortgage market is one of the emerging trends in the market. Volume in mortgage domain will continue to increase because of the several acts such as HARP and HARP II.”

According to the report, several factors drive the growth of the Global Outsourcing market in BFS sector, one of which is cost-effectiveness. High-quality service at low cost is the main criteria for outsourcing services. The low cost of labor in many developing economies is driving the outsourcing market in the BFS sector.

Further, the report states that data security is one of the serious challenges that the market faces. Outsourcing of services means revealing financial information to other parties. This is one of the major concerns as third parties can misuse the information.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Information Technology
Publisher : Infiniti Research Limited
More Reports
Title Price Buy Now

Make in India: Is Following China a Good Strategy?

The Chinese Dragon and India Tiger are both running to the future. China hopes to improve its regional clout by launching the "One Belt One Road" (OBOR) initiative while India aims to lure more foreign manufacturers with its "Make in India" campaign. By following China's success, India expects to attract foreign investments in the manufacturing industry, thereby driving up worker payrolls and improving domestic consumption power. Can India "make" its way to prosperity? This report analyzes its strategy from the perspective of ICT industry.......
$800

Chinese Smartphone Market Development, 2Q 2015

As of the first quarter of 2015, Chinese mobile phone users totaled around 1.3 billion and combined user adoption of 3G and 4G exceeded 50%. Sales volume of smartphones in China arrived at 100.5 million units in the same quarter. Thanks to strong sales of iPhone 6/6 Plus, Apple made a significant progress while local vendors Xiaomi and Huawei retained their leadership position in the Chinese market. In contrast, Samsung and Lenovo both showed signs of decline. This report examines the development of the Chinese smartphone market during the first and second quarter of 2015, from the perspectives of telecom operators and smartphone branded vendors. List of Topics Development of the Chinese mobile communication market, touching on accumulated mobile phone number and 3G/4G user base of ......
$1000

Global Application Performance Management (APM) Software Market 2015-2019

Application Performance Management Software refers to IT offerings that help organisations to detect, analyse, resolve, and report performance issues of their enterprise applications. The software ensures that applications perform and behave as expected. Generally, Application Performance Management is a part of the systems management department of an organization, and is used to monitor and manage the performance and availability of software applications so to provide seamless access to enterprise applications and provide near zero down time. It also helps organizations demonstrate the performance of business services and web transactions to their customers. The effective management of application performance has a positive impact on customers' business transactions, which in turn enhance......
$2500

Mobile Ad-spending Market in the US 2015-2019

Mobile advertising (mobile ad) refers to the promotion activities done for marketing a product, service, or a brand by using mobile devices, such as cellphones and tablets, as a medium. Marketing intends to attract potential customers by delivering a message. Mobile ads are the paid form of non-personal announcement of an influential message. Mobile ad spending is calculated on the basis of expenditure made on different advertising formats used by companies, such as search-related, display-related, and message-based advertising. The analysts forecast mobile ad spending market in the US to grow at a CAGR of 29.07% during 2014-2019. Covered in this Report This report covers the present scenario and growth prospects of the mobile ad spending market in the US for 2015-2019. To calcula......
$2500

Global Blended E-learning Market 2015-2019

Blended learning combines traditional face-to-face interaction with WBL. This mode of learning is prevalent in the K-12 segment. To meet with the evolving needs of students and academicians, regulators in the education industry worldwide are emphasizing on this education methodology than traditional learning methods. Blended learning has made knowledge delivery more productive and efficient as instructors share their resources and instructions online, enabling students to access these resources at their convenience. Many investors, globally, are also thus investing in the fields of education and technology. The forecasts global blended e-learning market to grow at a CAGR of 11.091% during 2014-2019. Covered in this Report The report covers the present scenario and the growth prosp......
$2500

Smart Grid Optimization Solutions Market in Americas 2015-2019

Smart grid optimization solutions have a wide array of advances that give utilities and grid operators to digital control a power delivery network. Although the concept of network optimization is simple, the practice is complex because it involves multiple variables and compensations. Rising demand, lack of predictability of renewable resource generation, volatile energy costs, and the emergence of electric vehicles are the factors that affect network stability. Utilities have to predict and diagnose potential problems and take decisions to provide high-quality and reliable services. Grid Optimization is an umbrella term that refers to improvements in three main areas: System reliability Operational Ef?ciency Asset utilization and protection The analysts forecast smart grid opti......
$2500

Global Digital Transformation Services Market 2015-2019

Marketing methods have evolved with the penetration of technology into business environments. This calls for a realignment of the "doing business framework" to accommodate and implement the right technology at the right place. Digital transformation is one such solution contributing to realignment of people, process, and technology, and increasingly being recognized as an imperative to gain a competitive edge. The analysts forecast global digital transformation services market to grow at a CAGR of 15.20% over the period 2014-2019. Covered in this Report The report, Global Digital Transformation Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the digital transformation services market an......
$2500

Data Center Rack Market in GCC 2015-2019

Racks installed in data centers are used to mount servers, storage, and network equipment. Racks are incorporated with features such as provision for cooling, slots for PDUs, cable management options, and enclosures. Vendors are constantly launching innovative rack enclosures to satisfy present as well as future requirements of data center enterprises. In addition, vendors are incorporating the latest technological advancements, such as remote monitoring, into the racks. The analysts forecast data center rack market in GCC to grow at a CAGR of 24.02% over the period 2014-2019. Covered in this Report The report includes the present scenario and the growth prospects of the data center rack market in GCC for the period 2015-2019. The market can be segmented based on rack units, rack ......
$2500

Global Gesture Recognition Market for Desktop and Portable PCs 2015-2019

Gesture recognition is the ability of a device to identify and respond to different gestures, such as movement of hands, fingers, arms, head, or the entire body, of an individual. Gesture recognition technology can be 2D-based or 3D-based. It uses a camera-enabled device that beams an invisible infrared light onto the individual, which is reflected back to the camera and onto a gesture recognition IC. The IC, with the help of gesture recognition software, creates depth maps of the images received and responds appropriately to the movements. Thus, no physical contact is required between individuals and devices. Gesture recognition technology when combined with voice recognition, facial recognition, eye-tracking, and other related technologies provide a very powerful technology that can comp......
$2000

Global IT Security Spending Market 2015-2019

IT security is used to protect data and information of single-user or multi-user networks. It protects data and information from unauthorized access and modification. IT security refers to measures taken to detect, monitor, report, and counter such threats. IT security spending refers to the expense incurred by enterprises and government organizations to secure their data, systems, and networks. It also includes expenses incurred while securing computers, communications, and information and data. IT security spending is a long-term investment to save and protect critical data. The analysts forecast global IT security spending market to grow at a CAGR of 9.88% over the period 2014-2019. Covered in this Report This report covers the present scenario and the growth prospects of the g......
$3000