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Middle Office Outsourcing Market Research Report Information by Offering (Foreign Exchange and Trade Management, Portfolio Management, Investment Operations, Liquidity Management, Asset Class Servicing, Others); End-Use (Investment Banking and Management, Broker- Dealers, Stock Exchanges, Others) and By Region (Asia-Pacific, North America, Europe, and Rest of the World) - Forecast till 20302


ID: MRFR/ICT/8075-HCR | 100 Pages | Author: Ankit Gupta| July 2024

Middle Office Outsourcing Market Overview


Middle Office Outsourcing Market Size was valued at USD 6.3 Billion in 2022. The Middle Office Outsourcing market is projected to grow from USD 7.1 Billion in 2023 to USD 13.1 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.14% during the forecast period (2024 - 2032). The market for Middle Office Outsourcing is anticipated to be driven by increasing demand of continuous support and implementation of new technologies with better security.


Figure 1: Middle Office Outsourcing Market Size, 2023-2030 (USD Billion)


Middle Office Outsourcing Market Overview..


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Middle Office Outsourcing Market Trends


Increasing Implementation Of New Technologies Propels Market Growth


Middle office outsourcing refers to the outsourcing of non-client facing functions such as risk management, trade processing, and compliance to a third-party service provider. This allows financial institutions to focus on their core competencies, reduce costs, and improve efficiency.


The growth of technology has played a significant role in driving the demand for middle office outsourcing. Advancements in technology such as artificial intelligence (AI), machine learning, and automation have made it possible for service providers to offer more sophisticated solutions that can handle complex processes and tasks with greater speed and accuracy. This has enabled financial institutions to outsource middle office functions with greater confidence, knowing that their operations will be handled efficiently and effectively.


In addition, the growth of technology has led to increased regulatory scrutiny and complexity, which has made it more challenging for financial institutions to manage middle office functions in-house. Outsourcing these functions to a third-party service provider with the expertise and resources to handle regulatory compliance can help financial institutions stay compliant with regulations and reduce the risk of non-compliance.


Furthermore, the growth of technology has also made it possible for service providers to offer more customized solutions that can be tailored to the specific needs of financial institutions. This can help financial institutions to achieve greater operational efficiency and cost savings, while also improving the quality of service they provide to their clients.


In conclusion, the demand for middle office outsourcing is increasing due to the growth of technology. The sophistication of technology has enabled service providers to offer more sophisticated solutions, handle complex processes and tasks with greater speed and accuracy, and manage regulatory compliance more effectively. This has made it more attractive for financial institutions to outsource middle office functions to third-party service providers.


Figure 2: Increasing Growth of Technologies in finance sector


Increasing Growth of Technologies in finance sector


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Rising usage of advanced technologies to support this market


Middle Office Outsourcing Market Segment Insight


Middle Office Outsourcing by Offering Type Insights


Based on offering type, the Middle Office Outsourcing market segmentation includes foreign exchange and trade management, portfolio management, investment operations, liquidity management, asset class servicing, and others. The portfolio management segment accounted for the largest share of this market and is also estimated to grow at a CAGR of 8.62% in the forecast period. The vendors' management solutions include scalability for growth, simplicity in integration, regulatory preparedness, usability, and quick information availability. The suppliers' portfolio management solutions come with quick information access, easy integration, regulatory readiness, and scalability for growth.


Moreover, project portfolio management places a strong emphasis on choosing the best group of projects based on business objectives, risk, resource availability, and other factors. Also, amid the confusion of resolving problems and carrying out short-term tasks, organizations frequently tend to lose sight of their long-term plan. Large infrastructure projects, for instance, require months or years to complete. Many things could change throughout that time.


Figure 3: Middle Office Outsourcing Market, by Offering Type, 2022 & 2030 (USD Billion)


Middle Office Outsourcing Market, by Offering Type


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Asset managers had to deal with a variety of technological systems created for trading in particular countries with different reporting standards, multiple currencies, and different asset classes in play because they operate on a worldwide scale and provide a diverse range of investment products.


2023 will see At the SIFMA Operations Conference and Exhibition in Orlando today, BetaNXT, a provider of wealth management infrastructure software with real-time data capabilities and an improved advisor experience, announced the launch of its Operations as a Service (OPaaS) solution. An outsourcing solution called Operations as a Service (OPaaS) simplifies middle and back office functions, enabling businesses to lower expenses, create new income streams, simplify operations, and better manage risk.


February 2023: The next generation of InvestCloud White, dubbed InvestCloud White FMB+, has just been released, according to InvestCloud, the financial sector's leader in digital transformation with over $6 trillion in assets. The new product line offers simple multi-channel asset management services, integrated front, middle, and back-office InvestCloud solutions, and complete tools for advisors and other wealth managers.


May 2023:The debut of "Fusion by J.P. Morgan," a data platform that offers institutional investors end-to-end data management and reporting solutions, was announced today by J.P. Morgan's Securities Services division.  


Middle Office Outsourcing by End-Use Insights


Based on end-use type, the Middle Office Outsourcing market is segmented into Investment Banking and Management, Broker-Dealers, Stock Exchanges, and Others. The investment banking and management segment is anticipated to grow at a CAGR of 10.3% during the forecast period. There is no denying that demand for middle-office outsourcing has increased as a result of the most recent market cycle. Investment managers have seen tremendous margin pressure in addition to the constant need to accomplish more with fewer resources. Per capita productivity for operations and technology is at all-time highs despite staff reductions and financial constraints. While recent market conditions have led to a cyclical spike in demand, more complex industry dynamics will be responsible for long-term outsourcing demand.


Due to the rising demand for outsourcing investment operations, the sector of Investment Banking and Management Companies is anticipated to dominate the market. Other factors that favorably affect the Middle Office Outsourcing industry include rising urbanization, lifestyle change, a spike in investment, and higher consumer purchasing.


Furthermore, in domains such as collateral management and reconciliation, blockchain solutions are currently being tested. Moreover, AI and ML help address exceptions streamline procedures and boost production. Because of these technical advancements, the market will rise throughout the forecast period.  


Middle Office Outsourcing Regional Insights


By region, this market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America dominates this market with significant growth and is also anticipated to grow at a CAGR of 8.13% through the forecast period. The development of the Middle Office Outsourcing market in North America throughout the forecast period would be aided by the region's thriving financial industry and the growing adoption of cutting-edge technologies by various financial institutions. Also, due to the expansion of the financial sector in this area and the rise in the adoption of advanced technology by various financial institutions, this region is anticipated to have the greatest market share during the projection period. The desire for cost-effective solutions by financial institutions and the growing need to improve operational efficiencies also contribute to the expansion of this industry.


However, the Asia-Pacific is also expected to become the second-largest region by the end of forecast period. The use of new technologies in outsourcing, including artificial intelligence (AI), machine learning, and others, as well as a stronger emphasis on lowering transaction costs are some of the drivers driving the market. The expansion of the Middle Office Outsourcing industry in this region is being hampered by procedural delays.  


Figure 4: Middle Office Outsourcing Market, by Region Type, 2022 & 2030 (USD Billion)


Middle Office Outsourcing Market, by Region Type, 2022 & 2030


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


The countries covered in the study on the Asia-Pacific Middle Office Outsourcing market are China, Japan, South Korea, Australia, Malaysia, Singapore, India, Thailand, Indonesia, the Philippines, and the Rest of Asia-Pacific. A significant number of Middle Office Outsourcing suppliers and providers as well as a growth in the adoption of automated business processes will cause China to dominate the Asia-Pacific Middle Office Outsourcing industry.


Middle Office Outsourcing Key Market Players & Competitive Insights


Major players in the middle office outsourcing market, including Adepa Services S.A., Brown Brothers Harriman, Caceis, Hedgeguard, JPMorgan Chase & Co., Northern Trust Corporation, Societe Generale Securities Services, SS&C Technologies, Inc., State Street Corporation, The Bank of New York, Mellon Corporation, Accenture, BNP Paribas SA, Citigroup Inc., and GBST Holdings Ltd., are focusing on developing their business strategies.


Prominent players have chosen collaborations and product upgrades as their primary organic growth strategies to strengthen their positions in the industry and meet the expectations of end customers across verticals. During the anticipated timeframe, these issues are predicted to slow market growth.  


Key Companies in the Middle Office Outsourcing market includes




  • Adepa Services S.A.




  • Brown Brothers Harriman




  • Caceis




  • Hedgeguard




  • JPMorgan Chase & Co.




  • Northern Trust Corporation




  • Societe Generale Securities Services




  • SS&C Technologies, Inc.




  • State Street Corporation




  • The Bank of New York




  • Mellon Corporation




  • Accenture




  • BNP Paribas SA,




  • Citigroup Inc.




  • GBST Holdings Ltd.




  • BNY Mellon




  • Workday




  • InvestCloud




Middle Office Outsourcing Industry Developments


February 2023:BNY Mellon uses new cloud-based AI solutions to support back-office analytics requirements. Data science may help with labor-intensive operations, promote automation, unearth insights that help businesses make better decisions, and identify useful anomalies for risk management teams.


February 2023:With the help of an extensive partner ecosystem, Workday has launched a new industry program to speed up customer cloud transformations. With the support of these initiatives, Workday clients will get access to a strong ecosystem with extensive industry knowledge, enabling them to deliver even more innovation and unique solutions as they alter the operations of finance, human resources, planning, and supply chain.


Middle Office Outsourcing Market Segmentation


Middle Office Outsourcing Offering Outlook




  • Foreign Exchange and Trade Management




  • Portfolio Management




  • Investment Operations




  • Liquidity Management




  • Asset Class Servicing




  • Others




Middle Office Outsourcing End-Use Outlook




  • Investment Banking and Management




  • Broker- Dealers




  • Stock Exchanges




  • Others




Middle Office Outsourcing Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America




Report Attribute/Metric Details
Market Size 2022 USD 6.3 Billion
Market Size 2023 USD 7.1 Billion
Market Size 2030 USD 13.1 Billion
Compound Annual Growth Rate (CAGR) 9.14% (2024-2030)
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020 & 2022
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Offering Type, End-Use Type, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Adepa Services S.A., Brown Brothers Harriman, Caceis, Hedgeguard, JPMorgan Chase & Co., Northern Trust Corporation, Societe Generale Securities Services
Key Market Opportunities Increasing automation demand in finance sector.
Key Market Dynamics Increasing demand of continuous support Implementation of new technologies with better security. 


Frequently Asked Questions (FAQ) :

The market for Middle Office Outsourcing was USD 6.3 Billion in 2022.

The analytics market is expected to be USD 13.1 Billion in 2030.

The growth rate for the Middle Office Outsourcing market is 9.14% through the forecast period.

North America region held the largest market share in 2022.

The major players are dominating the market are Adepa Services S.A., Brown Brothers Harriman, Caceis, Hedgeguard, JPMorgan Chase & Co., Northern Trust Corporation, Societe Generale Securities Services, and others.

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