Enjoy complimentary customisation on priority with our Enterprise License!
The outsourcing in BFSI sector market size is forecast to increase by USD 28.2 billion at a CAGR of 4.5% between 2023 and 2028. In the Banking, Financial Services, and Insurance (BFSI) sector, outsourcing has become a strategic initiative to drive business growth and efficiency. Three key trends are shaping the outsourcing landscape in this industry: regulatory compliance, digital transformation, and cybersecurity. The need to adhere to complex regulations is pushing BFSI organizations to outsource non-core functions to specialized experts. Digital transformation, including the adoption of advanced analytics and customer experience technologies, is another major trend, as BFSI companies seek to enhance customer engagement and streamline operations. Lastly, growing concerns over data security and privacy breaches are leading BFSI firms to outsource cybersecurity functions to trusted partners. However, outsourcing also presents challenges, such as managing compliance risks and ensuring data security. Blockchain technology and specialized expertise are essential in mitigating these risks and maximizing the benefits of outsourcing in the BFSI sector.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.