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

cPDM Market in Canada 2015-2019

Collaborative product definition management (cPDM) software solutions is a strategic business approach applying a consistent set of business solutions that collaboratively provide effective and efficient methods for managing the functions of product lifecycle management (PLM). They help in effective product data management, collaborative product visualization, collaborative product commerce, effective integration of cPDM with enterprise applications, and supplier relationship management (SRM). cPDM software solutions assist in streamlining manufacturing and production processes for efficient business operation. cPDM helps enterprises bring innovative and profitable products to market more effectively in the evolving e-business web-enabled environment. These software solutions are adopted b......
$3000

DM Market in Canada 2015-2019

Digital manufacturing is a sub-segment of the product lifecycle management software. It improves the overall efficiency of the production by defining optimization of manufacturing process, managing data in product development cycle, and supporting effective collaboration within the organization. DM software provides and supports process planning, factory modeling, visualization and simulation of operations, human factor analysis, and collaborative communication. It helps manufacturing companies improve the efficiency of production by reducing production time and reduce the manufacturing expenses. The analysts forecast DM market in Canada to grow at a CAGR of 7.10 percent over the period 2014-2019. Covered in this Report The DM market in Canada can be segmented into seven end-user ......
$3000

Distance Learning Market in India 2015-2019

Distance learning is a mode of delivering education and instruction to students via non-traditional settings such as study notes and online course materials on an individual basis without any face-to-face interaction. The study materials are prepared by the university or college and are sent directly to the student. However, these days students access these materials through the internet. The analysts forecast Distance Learning market in India to grow at a CAGR of 10.15 percent by ODL enrollments and a CAGR of 25.27 percent by revenue over the period 2014-2019. Covered in this Report This report covers the present scenario and the growth prospects of the Distance Learning market in India for the period 2015-2019. To calculate the market size, the report considers the ODL enrollmen......
$2500

Global Container Security and Tracking Market 2015-2019

Container security and tracking refers to software and hardware solutions that offer end-to-end visibility and monitoring of shipping containers to track the precise location and status against terrorist attacks and cargo theft. A rise in terrorist attacks, arms smuggling, and drug trafficking through seaborne trade globally has increased the demand for container security and tracking systems, including explosive detection systems. Container security and tracking products are capable of providing real-time status, position, and monitoring of intermodal shipping container condition and location. End-users are increasingly adopting container security and tracking solutions because they help them reduce operational cost by increasing asset visibility and provide cost-effective real-time infor......
$3000

Global Enterprise Mobility Services Market 2015-2019

Devising an appropriate strategy to enable mobility of the workforce is a crucial function. The need for flexible and mobile working environment has triggered the demand for mobile devices and platforms among enterprises. The BYOD policy has yet to be adopted by all organizations because of the challenges confronting the enterprise mobility market. Lack of expertise and growing needs of networks for managing the mobile workforce is driving the demand for third-party mobility service providers. The majority of enterprises are coming up with advanced interactive and collaborative technologies, such as instant messaging and online meetings, to save time and reduce costs. The analysts forecast global enterprise mobility services market to grow at a CAGR of 18.5 percent over the period 2014-......
$2500

Global R&D Outsourcing Market 2015-2019

R&D outsourcing refers to the outsourcing of specific R&D activities to third-party service providers for designing, prototyping, testing, production, and sales. The need to survive in extremely competitive market environments has forced organizations to outsource their R&D operations to third-party service providers. R&D outsourcing enables organizations to develop innovative and cost-effective products in a short time. Also, R&D outsourcing services help organizations access talented and skilled engineering professionals from across the globe. Thus, R&D outsourcing enables organizations to develop an economical cost structure, use resources in the best possible way, and focus on core competencies. The analysts forecast global R&D outsourcing market to grow ......
$2500

Global Password Management Market 2015-2019

Password management is a software solution that helps to store and organize passwords. It is widely used by the end-users to secure, audit, manage, and monitor all activities associated with privileged accounts. This solution helps to secure the privileged users' accounts that exists on network appliance, server, and desktop operating system of an IT infrastructure. Password management is used as a tool for governance and information security. The analysts forecast global password management market to grow at a CAGR of 16.33 percent over the period 2014-2019. Covered in this report This report covers the present scenario and the growth prospects of the global password management market for the period 2015-2019. To calculate the market size, the report considers the revenue generat......
$2500

Smart Home M2M Market in the US 2015-2019

A smart home comprises internal network, home automation, and intelligent control. It is commonly defined as a home that is equipped with digital devices and home appliances. These devices and appliances are interconnected with each other and can be remotely accessed by end-users with the help of their smartphone or tablet from a remote location. Smart home offers a wide variety of applications such as home automation, home security, energy management, home cloud, and e-health services. It provides a better experience to consumers by providing comfort and convenience. The analysts forecast smart home market in the US to grow at a CAGR of 38.02 percent over the period 2015-2019. Covered in this Report The smart home market in the US can be classified into six major application segm......
$3000

Global Email Security Market 2015-2019

Email security refers to the collective measures taken by organizations for securing access to one or more email accounts. Different techniques are used to detect, monitor, report, and counter threats to email accounts. These include spam filters, digital signing of email messages, strong passwords, and desktop-based anti-virus/anti-spam applications. Email security helps organizations secure email accounts from sophisticated cyber-attacks and maintain confidentiality and integrity of the message by protecting sensitive data. The analysts forecast Global Email Security market to grow at a CAGR of 5.99 percent over the period 2014-2019. Covered in this Report The report covers the present scenario and growth prospects of the Global Email Security market for the period 2015-2019. To......
$2500

Worldwide Wi-Fi Connected Devices Shipment Forecast, 2015-2019

Driven by the flourishing demand for smartphones and IoT (Internet of Things), global shipment volume of Wi-Fi (Wireless-Fidelity) connected devices reached around 2.27 billion units in 2014, up 18% year-on-year. In anticipation of continued strong demand in the future for PCs, smart handheld devices and broadband CPE (Customer Premise Equipment), a wide range of ICT brands and new internet service providers are poised to deepen deployment by connecting more devices to IoT with Wi-Fi technology. This report presents the data about Wi-Fi connected devices and examines the development of their major applications. List of Topics Development of worldwide Wi-Fi connected devices and includes shipment volume and volume share forecast until 2019 Wi-Fi connected device shipment volume and......
$800