Market Overview:
The global banking BPS market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for outsourcing services by banks and financial institutions, and the growing need for cost-effective and efficient banking operations. The global banking BPS market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into front office, middle office, and back office services. The front office services segment is further sub-segmented into customer service, marketing & sales support functions, transaction processing & accounting support functions; while middle office services are further sub-segmented into risk management & compliance functions; treasury management function; capital markets operations support function; investment research function; financial planning & analysis function). Back office services are further sub-segmented into human resources management (HRM), recordkeeping/administration support functions (accounts payable/receivable), IT infrastructure management).
Product Definition:
Banking BPS is a type of business process outsourcing (BPO) service that focuses on the banking and financial sector. This type of BPO service can include activities such as account management, loan processing, and customer service.
The importance of Banking BPS lies in the fact that it can help banks and other financial institutions to reduce costs while improving efficiency. Additionally, Banking BPS can also help organizations to improve their customer service offerings.
Front Office:
The front office is the part of a stock exchange where investors can buy and sell stocks. It includes all the services that are related to buying and selling of stocks, such as research & trading, market making, sales execution, order management system etc. The BPS market measures the revenue growth at global and country levels and provides an analysis on industry trends in each of the sub-segments from 2015 to 2022.
Middle Office:
Middle office is a part of the back-office operations that includes functions such as accounting, risk management, and compliance. It helps in managing the day-to-day business activities of an organization. In banking BPS market, middle office solutions help in improving operational efficiency by reducing manual processes and offering automated tools for various tasks such as journal entries or cheque processing. These solutions also help to reduce data entry errors with the use of smart forms technology or robotic process automation (RPA).
Application Insights:
The core banking segment dominated the global banking BPS market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this segment can be attributed to increasing adoption of digital technologies across core functions such as deposits, loans, payments and securities trading. Furthermore, an increase in demand for e-banking services is also propelling the growth of this segment.
The payment services segment accounted for a significant share in 2017 owing to increased usage of mobile wallets and electronic transactions among others by banks and other financial institutions for processing payments. Moreover, growing popularity & acceptance of online payment methods such as PayPal among consumers are also expected to drive its adoption over the forecast period.
Regional Analysis:
Europe dominated the global banking BPS market in terms of revenue share in 2016. The growth can be attributed to the presence of a large number of banks and financial institutions operating across multiple sectors. Furthermore, technological advancements coupled with increased adoption of cloud-based solutions are expected to drive demand for banking processes services over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing digitization and automation across all industry verticals and changing regulatory trends towards compliance with international standards & requirements are some factors driving regional market growth. Additionally, growing penetration of mobile devices is further augmenting demand for core banking applications such as mobile payments, account management & transaction processing among others thus contributing significantly towards regional market development.
Growth Factors:
- Increased demand for banking BPS from small and medium-sized businesses (SMBs) due to the need for cost efficiencies.
- The increased use of technology by banks, which is driving the need for more sophisticated banking BPS solutions.
- The globalization of business, which is leading to an increased demand for cross-border banking BPS services.
- The growing popularity of outsourcing among banks, as they look to reduce costs and improve efficiency.
- The increasing complexity of financial regulations, which is creating a greater demand for regulatory compliance services from banking BPS providers
Scope Of The Report
Report Attributes
Report Details
Report Title
Banking BPS Market Research Report
By Type
Front Office, Middle Office, Back Office
By Application
Core Banking, Mortgage and Loan, Payment Services, Securities Processing, Others
By Companies
Atos, Avaloq, Capgemini, Cognizant, Concentrix, FirstSource, FIS, Genpact, HCL, Hexaware Technologies, Infosys, NIIT, SLK, Tata BSS, TCS, Wipro, WNS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Banking BPS Market Report Segments:
The global Banking BPS market is segmented on the basis of:
Types
Front Office, Middle Office, Back Office
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Core Banking, Mortgage and Loan, Payment Services, Securities Processing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atos
- Avaloq
- Capgemini
- Cognizant
- Concentrix
- FirstSource
- FIS
- Genpact
- HCL
- Hexaware Technologies
- Infosys
- NIIT
- SLK
- Tata BSS
- TCS
- Wipro
- WNS
Highlights of The Banking BPS Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Front Office
- Middle Office
- Back Office
- By Application:
- Core Banking
- Mortgage and Loan
- Payment Services
- Securities Processing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Banking BPS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Banking BPS is a measure of the efficiency of a bank's operations.
Some of the key players operating in the banking bps market are Atos, Avaloq, Capgemini, Cognizant, Concentrix, FirstSource, FIS, Genpact, HCL, Hexaware Technologies, Infosys, NIIT, SLK, Tata BSS, TCS, Wipro, WNS.
The banking bps market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Banking BPS Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Banking BPS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Banking BPS Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Banking BPS Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Banking BPS Market Size & Forecast, 2018-2028
4.5.1 Banking BPS Market Size and Y-o-Y Growth
4.5.2 Banking BPS Market Absolute $ Opportunity
Chapter 5 Global Banking BPS Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Banking BPS Market Size Forecast by Type
5.2.1 Front Office
5.2.2 Middle Office
5.2.3 Back Office
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Banking BPS Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Banking BPS Market Size Forecast by Applications
6.2.1 Core Banking
6.2.2 Mortgage and Loan
6.2.3 Payment Services
6.2.4 Securities Processing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Banking BPS Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Banking BPS Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Banking BPS Analysis and Forecast
9.1 Introduction
9.2 North America Banking BPS Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Banking BPS Market Size Forecast by Type
9.6.1 Front Office
9.6.2 Middle Office
9.6.3 Back Office
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Banking BPS Market Size Forecast by Applications
9.10.1 Core Banking
9.10.2 Mortgage and Loan
9.10.3 Payment Services
9.10.4 Securities Processing
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Banking BPS Analysis and Forecast
10.1 Introduction
10.2 Europe Banking BPS Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Banking BPS Market Size Forecast by Type
10.6.1 Front Office
10.6.2 Middle Office
10.6.3 Back Office
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Banking BPS Market Size Forecast by Applications
10.10.1 Core Banking
10.10.2 Mortgage and Loan
10.10.3 Payment Services
10.10.4 Securities Processing
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Banking BPS Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Banking BPS Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Banking BPS Market Size Forecast by Type
11.6.1 Front Office
11.6.2 Middle Office
11.6.3 Back Office
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Banking BPS Market Size Forecast by Applications
11.10.1 Core Banking
11.10.2 Mortgage and Loan
11.10.3 Payment Services
11.10.4 Securities Processing
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Banking BPS Analysis and Forecast
12.1 Introduction
12.2 Latin America Banking BPS Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Banking BPS Market Size Forecast by Type
12.6.1 Front Office
12.6.2 Middle Office
12.6.3 Back Office
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Banking BPS Market Size Forecast by Applications
12.10.1 Core Banking
12.10.2 Mortgage and Loan
12.10.3 Payment Services
12.10.4 Securities Processing
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Banking BPS Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Banking BPS Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Banking BPS Market Size Forecast by Type
13.6.1 Front Office
13.6.2 Middle Office
13.6.3 Back Office
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Banking BPS Market Size Forecast by Applications
13.10.1 Core Banking
13.10.2 Mortgage and Loan
13.10.3 Payment Services
13.10.4 Securities Processing
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Banking BPS Market: Competitive Dashboard
14.2 Global Banking BPS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atos
14.3.2 Avaloq
14.3.3 Capgemini
14.3.4 Cognizant
14.3.5 Concentrix
14.3.6 FirstSource
14.3.7 FIS
14.3.8 Genpact
14.3.9 HCL
14.3.10 Hexaware Technologies
14.3.11 Infosys
14.3.12 NIIT
14.3.13 SLK
14.3.14 Tata BSS
14.3.15 TCS
14.3.16 Wipro
14.3.17 WNS
