Middle East and Africa Middle Office Outsourcing Market, By Offering (Foreign Exchange and Trade Management, Portfolio Management, Investment Operations, Liquidity Management, Asset Class Servicing and Others), Deployment Model (Cloud and On Premises), End User (Investment Banking and Management Firms, Asset Management Companies, Stock Exchanges, Broker- Dealers, Banks, Industry and Others), Country (South Africa, Saudi Arabia, U.A.E., Israel, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Middle Office Outsourcing Market
The middle office outsourcing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.9% in the forecast period of 2021 to 2028 and expected to reach USD 751.49 million by 2028. Increase in the adoption of middle office outsourcing is expected to drive the middle office outsourcing market growth.
The middle office is the department in a financial services organization, investment bank or hedge fund that lies in between the front and back office. It typically manages risk and calculates profits and losses. Middle-office outsourcing refers to carrying out these middle office non-core functions with the help of a third party.
Rise in need to improve productivity, efficiency and accountability has enhanced the adoption of middle office outsourcing, which is anticipated to drive the growth of the middle office outsourcing market. Unexpected operational and integration costs and capital investment is expected to restrain the middle office outsourcing market’s growth in the coming years. Increase in emphasis of the market players on research and development activities is expected to create lucrative opportunity for the middle office outsourcing market growth. Adopting advanced technology with lack of technical expertise is expected to challenge the middle office outsourcing market growth in the forecast period.
This middle office outsourcing market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the middle office outsourcing market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle Office Outsourcing Market Scope and Market Size
The middle office outsourcing market is segmented on the basis of offering, deployment model and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the middle office outsourcing market has been segmented into foreign exchange and trade management, portfolio management, investment operations, liquidity management, asset class servicing and others. In 2021, foreign exchange and trade management segment is expected to dominate the market mainly due to need to save costs, satisfy regulatory demands, access to continuous trade support and operational pressure.
- On the basis of deployment model, the middle office outsourcing market has been segmented into cloud and on premises. In 2021, on premises segment is expected to dominate the market due to preference of asset managers to manage data on premise deployment model.
- On the basis of end user, the middle office outsourcing market has been segmented into investment banking and management firms, asset management companies, stock exchanges, broker- dealers, banks, industry and others. In 2021, investment banking and management firms segment is expected to dominate the market owing to increasing demand for outsourcing of investment operations.
Middle East and Africa Middle Office Outsourcing Market Country Level Analysis
Middle East and Africa middle office outsourcing market is analysed and market size information is provided by the country, offering, deployment model and end user as referenced above.
The countries covered in the Middle East and Africa middle office outsourcing market report are the South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa.
The U.A.E. is expected to dominate in the Middle East and Africa middle office outsourcing market owing to the factors such as focus on cloud-based financial transactions and growing adoption of technological innovations in middle office outsourcing.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rise in Need to Improve Efficiency and Productivity is expected to drive the Middle Office Outsourcing Market Growth
The middle office outsourcing market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in middle office outsourcing and changes in regulatory scenarios with their support for the middle office outsourcing market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Middle Office Outsourcing Market Share Analysis
The middle office outsourcing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East and Africa middle office outsourcing market.
The major players covered in the Middle East and Africa middle office outsourcing market report are Accenture, BNP Paribas, JPMorgan Chase & Co., SS&C Technologies, Inc., State Street Corporation, Citigroup, Inc., THE BANK OF NEW YORK MELLON CORPORATION, CACEIS, Apex Group Ltd., Northern Trust Corporation, Societe Generale, BROWN BROTHERS HARRIMAN, Genpact among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of middle office outsourcing market.
For instance,
- In December 2020, State Street Corporation entered into a partnership with SimCorp to provide a premier, fully integrated, front-to-back investment outsourcing solution for insurance firms in Europe, Middle East and Africa. Through this, the company has enhanced its presence and grow in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for middle office outsourcing through expanded range of size.
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