Market HighlightsAccording to Market Research Future, the Middle Office Outsourcing Market has been segmented based on offering, component, and region/country.
The middle office outsourcing solution is the post-trade and pre-settlement solution for middle office departments. Middle office solutions provide accurate data to the front office departments to complete transactions. The middle office operations that include reconciliation, reporting and billing, portfolio accounting, and staff augmentation are important for financial institutions that help in tackling the problems faced in workflow disruption and prevent incorrect reporting.
COVID-19 Analysis
MRFR understands that the outsourcing of middle office operations have been significantly resilient in the face of the COVID-19 outbreak. SARS-CoV-2 has managed to deeply alter the asset management operations, while remote working arrangements can stay in place during the lockdown period. On a dim note, fluctuating network capacity and broadband connectivity are some of the operational issues that the novel coronavirus has forced middle office teams to deal with during this period. Investment firms are finding it tough to communicate with their providers seamlessly, which has resulted in delays when it comes to information exchange and operation cycles.
Many of the investment managers are facing issues while trying to access various online tools, such as shared data files and portfolio management systems. This has impeded client reporting while the managers are not able to gain real-time updates of the market.
Segmentation:
[FURL=https://www.marketresearchfuture.com/reports/middle-office-outsourcing-market-9553/]Middle office outsourcing market size[/FURL] has been considered for offering and component.
Offering-wise, the market sections are trade management, portfolio management, and others.
Components assessed in the market study are stock exchanges, broker-dealers, banking & management, and others.
Regional Analysis
By Region, the Global Middle Office Outsourcing Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to be the largest market due to the presence of a large number of middle office outsourcing providers in the region.
Key Players
The Key Players in the Global Middle Office Outsourcing Market are Adepa Global Services S.A. Brown Brothers Harriman, Caceis, Hedgeguard, JPMorgan Chase & Co., Northern Trust Corporation, Societe Generale Securities Services, SS&C Technologies, Inc., State Street Corporation, The Bank of New York, Mellon Corporation, Accenture, BNP Paribas SA, Citigroup Inc., and GBST Holdings Ltd.
Also Read: [FURL]http://www.marketwatch.com/story/middle-office-outsourcing-market-challenges-investment-opportunities-growth-forecast-and-competitive-landscape-covid-19-impact-on-middle-office-outsourcing-market-2020-05-12/[/FURL]