IMARC Group, a leading market research company, has recently releases report titled “Middle Office Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global middle office outsourcing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the middle office outsourcing market?

The global middle office outsourcing market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.87% during 2024-2032.

What is Middle Office Outsourcing?

Middle office outsourcing is the process of hiring a third-party provider to handle post-trade and pre-settlement operations for financial services companies, investment banks, or hedge funds. It assists in saving money on non-core functions, improving customer satisfaction and services, reducing overhead costs, enhancing operational efficiency, and gaining a competitive advantage. In addition, outsourcing middle office tasks like reconciliation, reporting, billing, portfolio accounting, and staff augmentation prevent workflow disruptions and incorrect reporting. Owing to these benefits, middle office outsourcing is widely utilized by various financial organizations across the globe.

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What are the growth prospects and trends in the Middle Office Outsourcing industry?

The market is primarily driven by the increasing operational complexities and the consequent need for infrastructure upgradation in the finances of numerous end-use industries. In addition, the implementation of stringent rules by regulatory authorities related to transparency in financial organizations represents another major growth-inducing factor. Besides this, various organizations are integrating machine learning (ML), artificial intelligence (AI), and the internet of things (IoT) technologies to ensure report accuracy by automating data consumption and detecting error and compliance violations. This, coupled with the rising adoption of blockchain solutions on a trial basis, such as collateral management and reconciliation by outsourcing service providers, is positively influencing the market growth. Moreover, the increasing number of small and medium-scale financial institutions and the rising need to manage in-house operations are also creating a positive market outlook across the globe. 

Who are the key players operating in the industry?

The report covers the major market players including: 

• Accenture Plc
• Adepa Global Services S.A.
• Apex Group Ltd.
• Caceis
• Empaxis Data Management Inc.
• Indus Valley Partners.
• JPMorgan Chase & Co.
• Linedata
• Northern Trust Corporation
• Royal Bank of Canada
• Societe Generale Securities Services
• SS&C Technologies Inc.
• State Street Corporation
• The Bank of New York Mellon Corporation

What is included in market segmentation?

The report has segmented the market into the following categories:

Offering Insights:

• Portfolio Management
• Trade Management
• Others

Deployment Model Insights:

• Cloud-based
• On-premises

End User Insights:

• Investment Banking and Management
• Broker-Dealers
• Stock Exchanges
• Others

Breakup by Region:

• North America 
• Europe 
• Asia Pacific 
• Latin America
• Middle East and Africa

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