IT & Communication Technology

Global Middle Office Outsourcing Market Analysis 2024: Size Forecast and Growth Prospects | JPMorgan Chase And Co, Citigroup Inc., Accenture Plc, Royal Bank of Canada, BNP Paribas SA, Societe Generale Securities Services

The middle office outsourcing from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Middle Office Outsourcing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The middle office outsourcing market size has grown rapidly in recent years. It will grow from $6.31 billion in 2023 to $6.95 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%.  The growth in the historic period can be attributed to emergence of big data analytics, rapid urbanization, need to improve regulatory compliance, scalability and flexibility, globalization and market expansion.

The middle office outsourcing market size is expected to see rapid growth in the next few years. It will grow to $10.36 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%.  The growth in the forecast period can be attributed to need to reduce costs in the middle office, pressure on margins and need to improve efficiency, need to improve the quality of service in the middle office, increasing digitization and automation, increasing consumer spending. Major trends in the forecast period include technological advancements, adoption of new technologies like artificial intelligence, surge in investments, product innovation, adoption of and machine learning.

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Scope Of Middle Office Outsourcing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Middle Office Outsourcing Market Overview

Market Drivers –
The growing significance of digitalization is expected to propel the growth of the middle office outsourcing market going forward. Digitalization is converting information, data, or physical objects into a digital format that computers can quickly process, store, and transmit. The significance of digitalization can be attributed to increased brand awareness and visibility, enhanced customer engagement, improved customer support, and cost-effective marketing. Middle office outsourcing accelerates digitalization by providing access to advanced technologies, improving data management, enhancing cybersecurity, and offering scalable and flexible solutions. For instance, in October 2022, according to the Department for Digital, Culture, Media and Sport of the United Kingdom, a UK-based government agency, the digital economy of the UK tech sector’s annual gross value added (GVA) is expected to boost by an additional £41.5 billion ($51.3 billion) by 2025. Therefore, the growing significance of digitalization is driving the growth of the middle office outsourcing market.

Market Trends –
Major companies operating in the middle-office outsourcing market are developing innovative solutions, such as platform-agnostic solutions, to streamline operations and provide comprehensive support for middle-office outsourcing. A platform-agnostic solution refers to software, tools, or systems designed to function seamlessly across different operating systems, hardware, or platforms without requiring specific customization for each environment. For instance, in May 2023, LiquidX, a US-based fintech platform, launched the first of its kind, platform-agnostic middle- and back-office trade finance solution. This innovative solution is designed to drive better business outcomes for financial institutions, minimizing risk and facilitating more effective investment decisions. This includes In block suite of products such as TradeOps, TradeHub, and Trade software platforms that offer clients simplified scaling, risk mitigation, and transparency.

The middle office outsourcing market covered in this report is segmented –
1) By Offering: Foreign Exchange And Trade Management, Portfolio Management, Investment Operations, Liquidity Management, Asset Class Servicing, Other Offerings
2) By Technology Utilization: Automation And Robotic Process Automation (RPA), Artificial Intelligence (AI) And Machine Learning (ML) Integration, Cloud-Based Solutions, Blockchain Technology
3) By Deployment Model: Cloud, On Premises
4) By End-Users: Asset Managers, Hedge Funds, Pension Funds, Insurance Companies, Wealth Management Firms, Other End-Users

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Regional Insights –
North America
was the largest region in the middle office outsourcing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the middle office outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the middle office outsourcing market are  JPMorgan Chase And Co , Citigroup Inc. , Accenture Plc, Royal Bank of Canada, BNP Paribas SA, Societe Generale Securities Services, The Bank of New York Mellon Corporation, State Street Corporation, Northern Trust Corporation , SS&C Technologies Inc., Genpact, Brown Brothers Harriman Co., Apex Group Ltd., Pershing LLC, Ultimus Fund Solutions LLC, InvestCloud, Linedata Services SA, Indus Valley Partners, GBST Holdings Ltd., Adepa Global Services S.A., Empaxis Data Management Inc., Advent Technologies, Aon Hewitt Ltd., HedgeGuard Co., Alter Domus Luxembourg Sarl

Table of Contents
1. Executive Summary
2. Middle Office Outsourcing Market Characteristics
3. Middle Office Outsourcing Market Trends And Strategies
4. Middle Office Outsourcing Market – Macro Economic Scenario
5. Global Middle Office Outsourcing Market Size and Growth
…………..
32. Global Middle Office Outsourcing Market Competitive Benchmarking
33. Global Middle Office Outsourcing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Middle Office Outsourcing Market
35. Middle Office Outsourcing Market Future Outlook and Potential Analysis
36. Appendix

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