ID: MRFR/ICT/8075-HCR | 100 Pages | Published By Ankit Gupta on March 2023
Middle Office Outsourcing Market is Predicted to Reach US$ 12,702.16 Million by 2027 Registering a CAGR of 10.1%
$12,702.16 Million
10.1%
North America
2021–2027
Middle Office Outsourcing Market size is expected to reach at the highest CAGR during the forecast period.
Middle office outsourcing solutions are the post-trade and pre-settlement solution for middle office departments in a financial services company. They provide accurate data to the front office departments for completing transactions. Middle office generates revenues in an indirect form, managing risk, and ensuring the correct execution of transactions. The middle office operations include reconciliation, reporting and billing, portfolio accounting, and staff augmentation which are important for financial institutions for tackling the problems faced in workflow disruption and prevention of incorrect reporting.
The growing need to analyze data in real-time and the integration of artificial intelligence, the Internet of Things (IoT), and blockchain technologies are major factors that are responsible for driving the market growth. Furthermore, the lack of technical skills regarding Middle office outsourcing is expected to be a challenge for the growth of this market. The growing need to identify complex patterns and the rapid use of virtualization for big data analytics are the opportunities for the Middle office outsourcing market.
Segmentation
Middle Office Outsourcing Market has been segmented based on offering and region/country.
By Offering, the global middle office outsourcing market has been divided into portfolio management, trade management, and others. Portfolio management solutions offered by the providers include scalability for growth, ease of integration, compliance readiness, ease of use, and quicker information access. Trade management offerings include trade confirmation reconciliation, trade transmission & settlement follow-up, portfolio position reconciliation, corporate action booking, and dissemination of settlement instructions.
By Component, the global middle office outsourcing industry has been divided into banking & management, broker-dealers, stock exchanges, and others. Investment banking & management service offerings include strategic advice, capital raising, and risk management. Broker-dealer services include clearance and settlement of equity and fixed income transactions.
The Global Middle Office Outsourcing Market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Regional Analysis
The Global Middle Office Outsourcing Industry is estimated to register a significant CAGR over the forecast period. The geographic analysis of the global middle office outsourcing market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America has the largest market share as the companies in this region have been leading in the advancement of technologies globally. The US leads the market in North America due to the high adoption of digital transformation; and the use of advanced technologies such as big data and analytics and high adoption of cloud in the country.
Europe is expected to be the second-largest market during the review period due to the high need to analyze data in real-time among enterprises across verticals. Asia-Pacific is anticipated to be the fastest-growing market in the global middle office outsourcing market during the forecast period.
Competitive Analysis
Major players have opted for partnerships and product enhancements as their key organic growth strategies to enhance their positions in the market and cater to the demands of end-users across verticals.
Key Players
The key players in the global middle office outsourcing market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Adepa Global Services S.A.(Luxembourg), Brown Brothers Harriman (US), Caceis (France), Hedgeguard (France), JPMorgan Chase & Co.(US), Northern Trust Corporation (US), Societe Generale Securities Services (France), SS&C Technologies, Inc. (US), State Street Corporation (US), The Bank of New York, Mellon Corporation (US), Accenture (Ireland), BNP Paribas SA (France), Citigroup Inc. (US), and GBST Holdings Ltd. (UK). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 12,702.16 Million |
CAGR | CAGR 10.1% |
Base Year | 2020 |
Forecast Period | 2021–2027 |
Historical Data | 2019 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Offering |
Geographies Covered | North America, Europe, Asia-Pacific |
Key Vendors | Adepa Global Services S.A.(Luxembourg) Brown Brothers Harriman (US) Caceis (France) Hedgeguard (France) JPMorgan Chase & Co.(US) Northern Trust Corporation (US) Societe Generale Securities Services (France) SS&C Technologies Inc. (US) State Street Corporation (US) The Bank of New York |
Key Market Opportunities | |
Key Market Drivers | Internet of Things (IoT) and blockchain technologies are major factors of the market |
The global middle office outsourcing market can rise at the highest CAGR by 2027.
The market can value at substantial at valuable amount 2027.
Banking & management, stock exchanges, and broker-dealers are some middle office outsourcing components.
State Street Corporation (US), Mellon Corporation (US), The Bank of New York, BNP Paribas SA (France), and Accenture (Ireland) are some reputed names in middle office outsourcing market.
Increase in M&A can drive the market.