The analysts forecast global middle office outsourcing market to grow at a CAGR of 7.50% during 2014-2019.
The concept of middle office outsourcing gained popularity among the asset managers post the 2008 financial crisis. The primary role of an asset manager is to maximize returns on the investments of their clients. Shifting market dynamics, profit pressures, and the demand for better returns are driving more and more investment managers to consider outsourcing for their investment operations.
The phenomenon of outsourcing which was earlier limited to back-office functions has expanded to outsourcing of middle office functions. Asset managers are considering middle office outsourcing while evaluating their business models and core competencies.
Now, the middle office services involve different stakeholders, such as brokers, custodians, and other third-parties, and hence, have increased manual intervention. This results in the need to automate the workflow process to some extent, which can be attained through middle office outsourcing.
Also, the increase in investments globally has escalated the demand for middle-office service outsourcing for managing the data flow coming from middle office functions. Errors in the data may lead to wrong investment decisions or delay in reporting, thus affecting the reputation of asset managers. Owing to operating compulsions and the need for the asset managers to focus more on their core competency in investment management, outsourcing of middle office services is gaining momentum worldwide. Middle office outsourcing allows asset managers to achieve several operational advantages, such as cost savings and more predictable costing.
The report, namely Global Middle Office Outsourcing Market 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in the market.
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- Citi Group
- State Street
Other Prominent Vendors
- Northern Trust
- Changing Regulatory Compliances
- Issues Pertaining to Data Security and Confidentiality
- Increase in Usage of Analytics
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Key Questions Answered in this Report
- What will the market size be in 2019 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?
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