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Global Outsourcing Market in BFSI Sector 2016-2020

  • March 2016
  • -
  • Infiniti Research Limited
  • -
  • 81 pages

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.

Technavio’s 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 vendorsoperating 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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Table Of Contents

Global Outsourcing Market in BFSI Sector 2016-2020
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Economic overview
PART 06: Market landscape
- Market overview
- Market size and forecast
- State of outsourcing deals by volume
- Five forces analysis
PART 07: Market segmentation by service
- Segmentation of global outsourcing market in BFSI sector by service
- ITO
- BPO
- PART 08: Geographical segmentation
- Global outsourcing market in BFSI sector by geography
- Americas
- EMEA
- APAC
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Major vendors
- Other prominent vendors
PART 15: Key vendor analysis
- Accenture
- Genpact
- IBM
- TCS
PART 16: Appendix
- List of abbreviations
PART 17: Explore Technavio

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Overview: Outsourcing domains in BFSI sector
Exhibit 03: Global outsourcing market in BFSI sector 2015-2020 ($ billions)
Exhibit 04: Outsourcing deals by volume 2015
Exhibit 05: Outsourcing deals in banking sector 2015
Exhibit 06: Outsourcing deals in financial services sector 2015
Exhibit 07: Outsourcing deals in insurance sector 2015
Exhibit 08: Five forces analysis
Exhibit 09: ITO versus BPO deals in the BFSI sector by volume 2015
Exhibit 10: ITO by function
Exhibit 11: BPO by function
Exhibit 12: Global outsourcing market in BFSI sector by geography 2015
Exhibit 13: Impact of drivers
Exhibit 14: Impact of drivers and challenges
Exhibit 15: Accenture: Business segmentation by revenue 2014
Exhibit 16: Accenture: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 17: Accenture: Geographical segmentation by revenue 2014
Exhibit 18: Genpact: Business segmentation by revenue 2014
Exhibit 19: Genpact: Geographical segmentation by revenue 2014
Exhibit 20: IBM: Business segmentation by revenue 2014
Exhibit 21: GTS segment by revenue 2013 and 2014 ($ billions)
Exhibit 22: GBS segment by revenue 2013 and 2014 ($ billions)
Exhibit 23: TCS: Business segmentation by revenue 2015
Exhibit 24: TCS: Geographical segmentation by revenue 2015
Exhibit 25: TCS: Market segmentation by revenue 2015
Exhibit 26: TCS: Market segmentation by revenue 2014 and 2015 ($ billions)

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