Boston, MA -- (SBWIRE) -- 08/19/2014 -- The BFS sector throughout the world is increasingly outsourcing its activities to third parties. Financial firms and banks are outsourcing their regulated and non-regulated activities. The BFS sector outsources its activities to reduce costs and to achieve strategic aims such as identifying investment areas. The BFS sector commonly outsources its IT services requirements such as applications development, programming and coding, specific operations related to F&A, back-office activities and processing, and administration and contract functions. Outsourcing enables companies to transfer their risks and meet changing regulatory frameworks.

TechNavio's analysts forecast the Global Outsourcing market in the BFS sector will grow at a CAGR of 7.07 percent over the period 2013-2018.

Covered in this Report:

The Global Outsourcing market in the BFS sector is categorized by domain into the following segments: Retail, Mortgage, Brokerage, Commercial Corporate, Capital Markets and Wealth Management, and Shared Services.

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TechNavio's report, the Global Outsourcing Market in the BFS Sector 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Global Outsourcing market in the BFS sector market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors:

- Accenture plc
- Genpact Ltd.
- IBM Corp.
- TCS Ltd.

Other Prominent Vendors:

- Aegis Ltd.
- Cap Gemini SA
- Cognizant Technology Solutions Corp.
- Computer Sciences Corp.
- EXL Business Process Solutions
- Infosys Ltd.
- Wipro Ltd.
- WNS Holdings Ltd.
- Xerox Corp.

Key Market Driver:

- Cost-effective Operations
- For a full, detailed list, view our report.

Key Market Challenge:

- Data Security
- For a full, detailed list, view our report.

Key Market Trend:

- Rising Demand in Mortgage Market
- For a full, detailed list, view our report.

Key Questions Answered in this Report:

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: Accenture plc, Genpact Ltd., IBM Corp., TCS Ltd., Aegis Ltd., Cap Gemini SA, Cognizant Technology Solutions Corp., Computer Sciences Corp., EXL Business Process Solutions, Infosys Ltd., Wipro Ltd., WNS Holdings Ltd., Xerox Corp

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