Albany, NY -- (SBWIRE) -- 05/15/2017 -- Outsourcing refers to the transfer of business functions or services to a third-party service provider on a contractual basis. Companies primarily outsource to reduce costs and reap potential benefits such as gaining access to skilled expertise, flexible staffing, reduce turnaround time, improve efficiency, and generate more profits.

Outsourcing is often divided into two broad categories, back office outsourcing, and front office outsourcing. Front office outsourcing often deals with customer-related services such as marketing. Back office functions comprise those tasks that help in keeping a business running smoothly and efficiently. They, however, do not make up the core of the company business.

The Global Back Office Outsourcing Market in the Financial Services Sector to grow at a CAGR of 7.46% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Global Back Office Outsourcing Market in the Financial Services Sector for 2016-2020.

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

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Technavio's report, Global Back Office Outsourcing Market in the Financial Services 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
IBM
Infosys
TCS

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

Market driver
Greater efficiency and productivity
For a full, detailed list, view our report

Market challenge
High level of attrition and employee turnover
For a full, detailed list, view our report

Market trend
Increased adoption of digital and mobile solutions
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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