According to the new research report published by The Insight Partners, titled “Middle Office Outsourcing Market — Global Analysis and Forecast to 2027”, the global middle office outsourcing market is expected to reach US$ 9.8 Bn in 2027, registering a CAGR of 7.8% during the forecast period 2019-2027.
Over the past decade, large players such as State Street, Citigroup, JPMC, and BNYM made significant investments in the outsourcing field of middle office and strengthened their service offerings. The lessons learned in the past have been leveraged, and the outcome is more stable models that give asset managers the confidence to implement the outsourcing of middle offices. Companies outsourcing middle office activities face several challenges mainly due to decisions such as staff reduction, business requirements, closing offices, and consolidating programs. This resulted in significant delays in the completion of outsourcing activities. Moreover, the capital and time investment by both service providers and asset managers would result in larger asset managers scaling back their goals for outsourcing middle office. Vendors operating in middle office outsourcing collect data from a variety of sources, such as stock exchange feeds, broker-dealers, and regulatory filings as a single provider cannot have information on multiple securities.
https://www.theinsightpartners.com/reports/middle-office-outsourcing-market
According to the new research report published by The Insight Partners, titled “Middle Office Outsourcing Market — Global Analysis and Forecast to 2027”, the global middle office outsourcing market is expected to reach US$ 9.8 Bn in 2027, registering a CAGR of 7.8% during the forecast period 2019-2027.
Over the past decade, large players such as State Street, Citigroup, JPMC, and BNYM made significant investments in the outsourcing field of middle office and strengthened their service offerings. The lessons learned in the past have been leveraged, and the outcome is more stable models that give asset managers the confidence to implement the outsourcing of middle offices. Companies outsourcing middle office activities face several challenges mainly due to decisions such as staff reduction, business requirements, closing offices, and consolidating programs. This resulted in significant delays in the completion of outsourcing activities. Moreover, the capital and time investment by both service providers and asset managers would result in larger asset managers scaling back their goals for outsourcing middle office. Vendors operating in middle office outsourcing collect data from a variety of sources, such as stock exchange feeds, broker-dealers, and regulatory filings as a single provider cannot have information on multiple securities.
https://www.theinsightpartners.com/reports/middle-office-outsourcing-market
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