ICT Media

Global Outsourcing Market in BFSI Sector 2016-2020

  • TEC443006
  • 81 Pages
  • March 2016
  • ICT Media
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.

Technavios 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

Technavio's 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 driver
Increased need for cost reduction
For a full, detailed list, view our report

Market challenge
Data security and privacy concerns
For a full, detailed list, view our report

Market trend
Application of automation technology
For a full, detailed list, view our 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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