Global Outsourcing Market in BFSI Sector 2016-2020

  • ID: 3633355
  • Report
  • Region: Global
  • 81 pages
  • TechNavio
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FEATURED COMPANIES

  • Accenture
  • Cognizant
  • EXL
  • Infosys
  • Serco Global Services
  • Virtusa
  • MORE
About Outsourcing Market in BFSI Sector

Outsourcing refers to the transfer of services or business functions to a third-party service provider on a contract basis. Companies primarily outsource to reduce costs and reap potential benefits such as access to skilled expertise, flexible staffing, short turnaround time, improved efficiency, and profit enhancement.

Organizations in the BFSI sector outsource both regulated and non-regulated activities to third-party service providers to reduce costs and identify key investment areas. Typically, the BFSI sector outsources IT service requirements such as application support and infrastructure management and support. Also, specific operations related to finance and accounting (F&A), back-office activities and processing, and administration and contract functions are outsourced. Outsourcing enables organizations in the BFSI sector to transfer their risks, meet changing regulatory compliances, improve customer services, and achieve cost-efficiencies.

The analysts forecast the global outsourcing market in BFSI sector to grow at a CAGR of 6.79% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global outsourcing market in the BFSI sector for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Outsourcing Market in BFSI Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Accenture
- Genpact
- IBM
- TCS

Other prominent vendors
- Aegis
- Attra Infotech
- Birlasoft
- Capgemini
- CGI
- Cognizant
- CSC
- Dell
- eClerx
- Endava
- EPAM
- EXL
- HCL
- Hexaware Technologies
- HP
- Infosys
- ITC Infotech
- L&T Infotech
- Luxoft
- Mindtree
- NIIT Technologies
- Polaris Consulting and Services
- Serco Global Services
- Softek
- Sutherland Global Services
- Syntel
- Tech Mahindra
- Unisys
- Virtusa
- Wipro
- WNS
- Xchanging
- Xerox
- Zensar Technologies

Market drivers
- Increased need for cost reduction
- For a full, detailed list, view the full report

Market challenges
- Data security and privacy concerns
- For a full, detailed list, view the full report

Market trends
- Application of automation technology
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 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?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accenture
  • Cognizant
  • EXL
  • Infosys
  • Serco Global Services
  • Virtusa
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Economic overview

PART 06: Market landscape
  • Market overview
  • Market size and forecast
  • State of outsourcing deals by volume
  • Five forces analysis
PART 07: Market segmentation by service
  • Segmentation of global outsourcing market in BFSI sector by service
  • ITO
  • BPO
PART 08: Geographical segmentation
  • Global outsourcing market in BFSI sector by geography
  • Americas
  • EMEA
  • APAC
PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape
  • Competitive scenario
  • Major vendors
  • Other prominent vendors
PART 15: Key vendor analysis
  • Accenture
  • Genpact
  • IBM
  • TCS
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Overview: Outsourcing domains in BFSI sector
Exhibit 03: Global outsourcing market in BFSI sector 2015-2020 ($ billions)
Exhibit 04: Outsourcing deals by volume 2015
Exhibit 05: Outsourcing deals in banking sector 2015
Exhibit 06: Outsourcing deals in financial services sector 2015
Exhibit 07: Outsourcing deals in insurance sector 2015
Exhibit 08: Five forces analysis
Exhibit 09: ITO versus BPO deals in the BFSI sector by volume 2015
Exhibit 10: ITO by function
Exhibit 11: BPO by function
Exhibit 12: Global outsourcing market in BFSI sector by geography 2015
Exhibit 13: Impact of drivers
Exhibit 14: Impact of drivers and challenges
Exhibit 15: Accenture: Business segmentation by revenue 2014
Exhibit 16: Accenture: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 17: Accenture: Geographical segmentation by revenue 2014
Exhibit 18: Genpact: Business segmentation by revenue 2014
Exhibit 19: Genpact: Geographical segmentation by revenue 2014
Exhibit 20: IBM: Business segmentation by revenue 2014
Exhibit 21: GTS segment by revenue 2013 and 2014 ($ billions)
Exhibit 22: GBS segment by revenue 2013 and 2014 ($ billions)
Exhibit 23: TCS: Business segmentation by revenue 2015
Exhibit 24: TCS: Geographical segmentation by revenue 2015
Exhibit 25: TCS: Market segmentation by revenue 2015
Exhibit 26: TCS: Market segmentation by revenue 2014 and 2015 ($ billions)
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FEATURED COMPANIES

  • Accenture
  • Cognizant
  • EXL
  • Infosys
  • Serco Global Services
  • Virtusa
  • MORE
New Report Released: – Global Outsourcing Market in BFSI Sector 2016-2020

The author of the report recognizes the following companies as the key players in the Global Outsourcing Market in BFSI Sector: Accenture, Genpact, IBM, and TCS.

Other Prominent Vendors in the market are: Aegis, Attra Infotech, Birlasoft, Capgemini, CGI, Cognizant, CSC, Dell, eClerx, Endava, EPAM, EXL, HCL, Hexaware Technologies, HP, Infosys, ITC Infotech, L&T Infotech, Luxoft, Mindtree, NIIT Technologies, Polaris Consulting and Services, Serco Global Services, Softek, Sutherland Global Services, Syntel, Tech Mahindra, Unisys, Virtusa, Wipro, WNS, Xchanging, Xerox, and Zensar Technologies.

Commenting on the report, an analyst from the research team said: “The global BFSI outsourcing market is experiencing increased application of automation technology due to rapid advances in technology and related systems. Actual process and transaction of outsourced financial projects is done through automated systems. However, these outsourced projects are still managed by highly skilled professionals.”

According to the report, globalization has resulted in labor arbitrage. Labor arbitrage is regarded as one of the prospective benefits of outsourcing business processes. Business processes are now shifting from more expensive to less expensive locations. Firms incorporating this strategy need not invest in resources or worry about managing their limited available resources.

Further, the report states that data security and privacy concerns are major challenges for any organization as business data are critical.

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.
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- Accenture
- Genpact
- IBM
- TCS
- Aegis
- Attra Infotech
- Birlasoft
- Capgemini
- CGI
- Cognizant
- CSC
- Dell
- eClerx
- Endava
- EPAM
- EXL
- HCL
- Hexaware Technologies
- HP
- Infosys
- ITC Infotech
- L&T Infotech
- Luxoft
- Mindtree
- NIIT Technologies
- Polaris Consulting and Services
- Serco Global Services
- Softek
- Sutherland Global Services
- Syntel
- Tech Mahindra
- Unisys
- Virtusa
- Wipro
- WNS
- Xchanging
- Xerox
- Zensar Technologies.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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