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Telecom and IT industry

Back Office Automation Market 2020 By Manufacturers, Regions, Type, And Application, Forecast To 2026

  • Code : SMI17507
  • Pages : 93
  • Date : Jan, 2020
  • Category : Telecom and IT
  • Publisher : SMI
  • Format : SMI PPT FormatSMI PDF Format



 

Summary

The global Back Office Automation Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019. 

One of the key benefits of implementing back office automation offers organizations is the creation of seamless business processes. This results in increased efficiency and reduced training time while decreasing the need to hire additional staff. In addition to reducing the cost of operations through these functions it also reduces the cost of customer service. Many companies are able to significantly reduce customer service costs by automating functions that were once performed by people. Automation has eliminated the need for hiring additional customer service representatives that can reduce lost revenue.

Market Dynamics

Increasing funding in back office automation is expected to propel growth of the global back office automation market over the forecast period. For instance, in January 2019, ScaleFactor, an intelligent finance and automated accounting platform, announced a US$ 30 million Series B round of funding led by Bessemer Venture Partners, to Power Small Businesses, Accelerate Back Office Automation via Business OS.

Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the back office automation market. Globally, as of 5:14pm CEST, 17 June 2021, there have been 176,693,988 confirmed cases of COVID-19, including 3,830,304 deaths, reported to World Health Organization. As of 16 June 2021, a total of 2,377,780,590 vaccine doses have been administered. The pandemic has led to decline in the number of workforce and led many organizations to follow social distancing in workplaces. Such scenario is expected to increase adoption of back office automation.                    

The back office automation market is witness several M&A activities. For instance, in June 2021, Toast, the end-to-end cloud platform purpose-built for the restaurant community, acquired xtraCHEF, a suite of back office tools for restaurants, including accounts payable automation and inventory management.

Key Takeaways

  • Increasing funding in back office automation is expected to propel growth of the global back office automation market over the forecast period
  • Major players operating in the back office automation market are focused on launching new products to expand their product portfolio. For instance, in February 2019, Microdea, an enterprise software company focused on the development, sale and support of document management and business process ​solutions, launched new interface that makes documentation and back office process automation simpler.
  • Major players operating in the back office automation market include, Pershing Limited, Integrify, CAPCO, Thoughtonomy, Codeless Platforms, TrackVia, Altitude Business Systems Ltd., and Altivon

The Back Office Automation Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Back Office Automation Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Manufacturers covered in this Report:-

  • Pershing Limited
  • Integrify
  • CAPCO
  • Thoughtonomy
  • Codeless Platforms
  • TrackVia
  • Altitude Business Systems Ltd
  • Altivon

By the Product Type, the market is primarily segmented into:

  • Bespoke
  • Off-the-shelf

By Applications, the market is segmented into:

  • split into
  • Banking
  • Insurance
  • Others

The Report covers the following Regions:

  • North America
    • United States
    • Canada
    • Mexico
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Indonesia
    • Thailand
    • Malaysia
    • Philippines
    • Vietnam
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
  • Central & South America
    • Brazil
  • Middle East & Africa
    • Turkey
    • GCC Countries
    • Egypt
    • South Africa

Objective of the Back Office Automation Market Report:

  • To assess the size of the market by value and volume
  • Analyze the Back Office Automation Market in terms of regions and major countries
  • Highlight recent developments and trends in the market
  • Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
  • Determine share of the Back Office Automation Market in terms of various segments such as by product type, application, and end-user
  • Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
  • Discuss major factors that impact growth of the Back Office Automation Market

The Back Office Automation Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Back Office Automation Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.

For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders:

  • Material suppliers/wholesalers
  • Market Distributors/traders
  • Regulatory bodies
  • Research organizations, and consulting firms
  • Commercial research & developments (R&D)
  • Trade associations and industry bodies
  • Importers and exporters
  • End-use industries

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

 

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Back Office Automation Market Size Growth Rate by Type (2014-2025)
1.4.2 Bespoke
1.4.3 Off-the-shelf
1.5 Market by Application
1.5.1 Global Back Office Automation Market Share by Application (2019-2025)
1.5.2 Banking
1.5.3 Insurance
1.5.4 Others
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Back Office Automation Market Size
2.2 Back Office Automation Growth Trends by Regions
2.2.1 Back Office Automation Market Size by Regions (2019-2025)
2.2.2 Back Office Automation Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis

3 Market Share by Key Players
3.1 Back Office Automation Market Size by by Players
3.1.1 Global Back Office Automation Revenue by by Players (2014-2019)
3.1.2 Global Back Office Automation Revenue Market Share by by Players (2014-2019)
3.1.3 Global Back Office Automation Market Concentration Ratio (CR5 and HHI)
3.2 Back Office Automation Key Players Head office and Area Served
3.3 Key Players Back Office Automation Product/Solution/Service
3.4 Date of Enter into Back Office Automation Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global Back Office Automation Market Size by Type (2014-2019)
4.2 Global Back Office Automation Market Size by Application (2014-2019)

5 North America
5.1 North America Back Office Automation Market Size (2014-2019)
5.2 Back Office Automation Key Players in North America
5.3 North America Back Office Automation Market Size by Type
5.4 North America Back Office Automation Market Size by Application

6 Europe
6.1 Europe Back Office Automation Market Size (2014-2019)
6.2 Back Office Automation Key Players in Europe
6.3 Europe Back Office Automation Market Size by Type
6.4 Europe Back Office Automation Market Size by Application

7 China
7.1 China Back Office Automation Market Size (2014-2019)
7.2 Back Office Automation Key Players in China
7.3 China Back Office Automation Market Size by Type
7.4 China Back Office Automation Market Size by Application

8 Japan
8.1 Japan Back Office Automation Market Size (2014-2019)
8.2 Back Office Automation Key Players in Japan
8.3 Japan Back Office Automation Market Size by Type
8.4 Japan Back Office Automation Market Size by Application

9 Southeast Asia
9.1 Southeast Asia Back Office Automation Market Size (2014-2019)
9.2 Back Office Automation Key Players in Southeast Asia
9.3 Southeast Asia Back Office Automation Market Size by Type
9.4 Southeast Asia Back Office Automation Market Size by Application

10 India
10.1 India Back Office Automation Market Size (2014-2019)
10.2 Back Office Automation Key Players in India
10.3 India Back Office Automation Market Size by Type
10.4 India Back Office Automation Market Size by Application

11 Central & South America
11.1 Central & South America Back Office Automation Market Size (2014-2019)
11.2 Back Office Automation Key Players in Central & South America
11.3 Central & South America Back Office Automation Market Size by Type
11.4 Central & South America Back Office Automation Market Size by Application

12 International Players Profiles
12.1 Pershing Limited
12.1.1 Pershing Limited Company Details
12.1.2 Company Description and Business Overview
12.1.3 Back Office Automation Introduction
12.1.4 Pershing Limited Revenue in Back Office Automation Business (2014-2019))
12.1.5 Pershing Limited Recent Development
12.2 Integrify
12.2.1 Integrify Company Details
12.2.2 Company Description and Business Overview
12.2.3 Back Office Automation Introduction
12.2.4 Integrify Revenue in Back Office Automation Business (2014-2019)
12.2.5 Integrify Recent Development
12.3 CAPCO
12.3.1 CAPCO Company Details
12.3.2 Company Description and Business Overview
12.3.3 Back Office Automation Introduction
12.3.4 CAPCO Revenue in Back Office Automation Business (2014-2019)
12.3.5 CAPCO Recent Development
12.4 Thoughtonomy
12.4.1 Thoughtonomy Company Details
12.4.2 Company Description and Business Overview
12.4.3 Back Office Automation Introduction
12.4.4 Thoughtonomy Revenue in Back Office Automation Business (2014-2019)
12.4.5 Thoughtonomy Recent Development
12.5 Codeless Platforms
12.5.1 Codeless Platforms Company Details
12.5.2 Company Description and Business Overview
12.5.3 Back Office Automation Introduction
12.5.4 Codeless Platforms Revenue in Back Office Automation Business (2014-2019)
12.5.5 Codeless Platforms Recent Development
12.6 TrackVia
12.6.1 TrackVia Company Details
12.6.2 Company Description and Business Overview
12.6.3 Back Office Automation Introduction
12.6.4 TrackVia Revenue in Back Office Automation Business (2014-2019)
12.6.5 TrackVia Recent Development
12.7 Altitude Business Systems Ltd
12.7.1 Altitude Business Systems Ltd Company Details
12.7.2 Company Description and Business Overview
12.7.3 Back Office Automation Introduction
12.7.4 Altitude Business Systems Ltd Revenue in Back Office Automation Business (2014-2019)
12.7.5 Altitude Business Systems Ltd Recent Development
12.8 Altivon
12.8.1 Altivon Company Details
12.8.2 Company Description and Business Overview
12.8.3 Back Office Automation Introduction
12.8.4 Altivon Revenue in Back Office Automation Business (2014-2019)
12.8.5 Altivon Recent Development

13 Market Forecast 2019-2025
13.1 Market Size Forecast by Product (2019-2025)
13.2 Market Size Forecast by Application (2019-2025)
13.3 Market Size Forecast by Regions
13.4 North America
13.5 Europe
13.6 China
13.7 Japan
13.8 Southeast Asia
13.9 India
13.10 Central & South America

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details

List of Table
List of Tables and Figures

Table Back Office Automation Key Market Segments
Table Key Players Back Office Automation Covered
Table Global Back Office Automation Market Size Growth Rate by Type 2018-2025 (Million US$)
Figuer Bespoke Figures
Table Key Players of Bespoke
Figuer Off-the-shelf Figures
Table Key Players of Off-the-shelf
Table Global Back Office Automation Market Size Growth by Application 2019-2025 (Million US$)
Figure Global Back Office Automation Market Share by Application in 2018 & 2025
Figure Banking Case Studies
Figure Insurance Case Studies
Figure Others Case Studies
Figure Back Office Automation Report Years Considered
Figure Global Back Office Automation Market Size and Growth Rate 2014-2025 (Million US$)
Table Global Back Office Automation Market Size by Regions 2019-2025 (Million US$)
Table Global Back Office Automation Market Size by Regions 2019-2025 (Million US$)
Table Global Back Office Automation Market Share by Regions 2014-2019
Figure Global Back Office Automation Market Share by Regions 2014-2019
Figure Global Back Office Automation Market Share by Regions in 2018
Table Market Top Trends
Table Key Drivers: Impact Analysis (2019-2025)
Table Key Challenges
Figure PORTER'S FIVE FORCES ANALYSIS
Table Global Back Office Automation Revenue by by Players (2014-2019) (Million US$)
Table Global Back Office Automation Market Share by by Players (2014-2019)
Figure Global Back Office Automation Market Share by by Players in 2018
Table Global Back Office Automation by Players Market Concentration Ratio (CR5 and HHI)
Table Key Players Head office and Area Served
Table Key Players Back Office Automation Product/Solution/Service
Table Date of Enter into Back Office Automation Market
Table Mergers & Acquisitions, Expansion Plans
Table Global Back Office Automation Market Size by Type (2014-2019) (Million US$)
Table Global Back Office Automation Market Size Share by Type (2014-2019)
Figure Global Back Office Automation Market Size Market Share by Type (2014-2019)
Table Global Back Office Automation Market Size by Application (2014-2019) (Million US$)
Table Global Back Office Automation Market Size Share by Application (2014-2019)
Figure Global Back Office Automation Market Size Market Share by Application (2014-2019)
Figure Global Back Office Automation Revenue Market Share by Application in 2018
Figure North America Back Office Automation Market Size 2014-2019 (Million US$)
Table North America Key Players Back Office Automation Revenue (2018-2019) (Million US$)
Table North America Key Players Back Office Automation Market Share (2018-2019)
Table North America Back Office Automation Market Size by Type 2014-2019 (Million US$)
Table North America Back Office Automation Market Share by Type 2014-2019
Table North America Back Office Automation Market Size by Application 2014-2019 (Million US$)
Table North America Back Office Automation Market Share by Application 2014-2019
Figure Europe Back Office Automation Market Size 2014-2019 (Million US$)
Table Europe Key Players Back Office Automation Revenue (2018-2019) (Million US$)
Table Europe Key Players Back Office Automation Market Share (2018-2019)
Table Europe Back Office Automation Market Size by Type 2014-2019 (Million US$)
Table Europe Back Office Automation Market Share by Type 2014-2019
Table Europe Back Office Automation Market Size by Application 2014-2019 (Million US$)
Table Europe Back Office Automation Market Share by Application 2014-2019
Figure China Back Office Automation Market Size 2014-2019 (Million US$)
Table China Key Players Back Office Automation Revenue (2018-2019) (Million US$)
Table China Key Players Back Office Automation Market Share (2018-2019)
Table China Back Office Automation Market Size by Type 2014-2019 (Million US$)
Table China Back Office Automation Market Share by Type 2014-2019
Table China Back Office Automation Market Size by Application 2014-2019 (Million US$)
Table China Back Office Automation Market Share by Application 2014-2019
Figure Japan Back Office Automation Market Size 2014-2019 (Million US$)
Table Japan Key Players Back Office Automation Revenue (2018-2019) (Million US$)
Table Japan Key Players Back Office Automation Market Share (2018-2019)
Table Japan Back Office Automation Market Size by Type 2014-2019 (Million US$)
Table Japan Back Office Automation Market Share by Type 2014-2019
Table Japan Back Office Automation Market Size by Application 2014-2019 (Million US$)
Table Japan Back Office Automation Market Share by Application 2014-2019
Figure Southeast Asia Back Office Automation Market Size 2014-2019 (Million US$)
Table Southeast Asia Key Players Back Office Automation Revenue (2018-2019) (Million US$)
Table Southeast Asia Key Players Back Office Automation Market Share (2018-2019)
Table Southeast Asia Back Office Automation Market Size by Type 2014-2019 (Million US$)
Table Southeast Asia Back Office Automation Market Share by Type 2014-2019
Table Southeast Asia Back Office Automation Market Size by Application 2014-2019 (Million US$)
Table Southeast Asia Back Office Automation Market Share by Application 2014-2019
Figure India Back Office Automation Market Size 2014-2019 (Million US$)
Table India Key Players Back Office Automation Revenue (2018-2019) (Million US$)
Table India Key Players Back Office Automation Market Share (2018-2019)
Table India Back Office Automation Market Size by Type 2014-2019 (Million US$)
Table India Back Office Automation Market Share by Type 2014-2019
Table India Back Office Automation Market Size by Application 2014-2019 (Million US$)
Table India Back Office Automation Market Share by Application 2014-2019
Figure Central & South America Back Office Automation Market Size 2014-2019 (Million US$)
Table Central & South America Key Players Back Office Automation Revenue (2018-2019) (Million US$)
Table Central & South America Key Players Back Office Automation Market Share (2018-2019)
Table Central & South America Back Office Automation Market Size by Type 2014-2019 (Million US$)
Table Central & South America Back Office Automation Market Share by Type 2014-2019
Table Central & South America Back Office Automation Market Size by Application 2014-2019 (Million US$)
Table Central & South America Back Office Automation Market Share by Application 2014-2019
Table Pershing Limited Company Details
Table Pershing Limited Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure Pershing Limited Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table Pershing Limited Recent Development
Table Integrify Company Details
Table Integrify Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure Integrify Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table Integrify Recent Development
Table CAPCO Company Details
Table CAPCO Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure CAPCO Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table CAPCO Recent Development
Table Thoughtonomy Company Details
Table Thoughtonomy Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure Thoughtonomy Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table Thoughtonomy Recent Development
Table Codeless Platforms Company Details
Table Codeless Platforms Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure Codeless Platforms Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table Codeless Platforms Recent Development
Table TrackVia Company Details
Table TrackVia Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure TrackVia Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table TrackVia Recent Development
Table Altitude Business Systems Ltd Company Details
Table Altitude Business Systems Ltd Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure Altitude Business Systems Ltd Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table Altitude Business Systems Ltd Recent Development
Table Altivon Company Details
Table Altivon Revenue in Back Office Automation Business 2014-2019 (Million US$)
Figure Altivon Revenue Growth Rate in Back Office Automation Business (2014-2019)
Table Altivon Recent Development
Table Global Back Office Automation Market Size by Regions (Million US$) 2019-2025
Figure Global Back Office Automation Market Size Share by Regions (2019-2025)
Figure Global Back Office Automation Market Size Share by Regions in 2025
Figure North America Back Office Automation Market Size Forecast (2019-2025)(Million USD)
Figure Europe Back Office Automation Market Size Forecast (2019-2025)(Million USD)
Figure China Back Office Automation Market Size Forecast (2019-2025)(Million USD)
Figure Japan Back Office Automation Market Size Forecast (2019-2025)(Million USD)
Figure Southeast Asia Back Office Automation Market Size Forecast (2019-2025)(Million USD)
Figure India Back Office Automation Market Size Forecast (2019-2025)(Million USD)
Figure Central & South America Back Office Automation Market Size Forecast (2019-2025)(Million USD)
Table Global Back Office Automation Market Size by Product (2019-2025) (Million US$)
Figure Global Back Office Automation Market Size by Product (2019-2025)
Figure Global Back Office Automation Market Size by Product in 2025
Table Global Back Office Automation Market Size by Application (2019-2025) (Million US$)
Figure Global Back Office Automation Market Size by Application (2019-2025)
Figure Global Back Office Automation Market Size by Application in 2025
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources

 



Frequently Asked Questions

The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (Thousands Units).
Market is segmented by Types, Applications, Technology, End-use Industries, and Regions.
The report presents the current market size, and market forecast, market opportunities, key drivers and restraints, regulatory scenario, industry trend, PESTLE analysis, PORTER’s analysis, new product approvals/launch, promotion and marketing initiatives, pricing analysis, competitive landscape which help businesses in decision making. The analysis data is based on current and historical market trends which help in investment related decisions.
Custom research is crucial components of the business strategy which helps any organization to gain insight into specific business sector, aligned with specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

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