The global BFSI staffing market size accounted for USD 26,500 million in 2024 and is expected to exceed around USD 1,02,640 million by 2034, growing at a CAGR of 14.5% from 2024 to 2034.
The BFSI staffing market refers to the production, distribution, and use of these banking, financial, services, and insurance (BFSI) recruitment, which is an industry term for companies that provide a range of financial services or products. These include universal banks that provide a range of financial companies or services that operate in one or more of these financial sectors. This staffing helps to reduce costs on recruitment and training, access specialized skills, and improve flexibility and agility. There is a high demand for this staffing in the banking, insurance, and finance services sectors, which is driving the growth of the BFSI staffing market.
However, factors challenging growth in the market include regulatory challenges, financial fraud, cybersecurity issues, lack of skilled professionals, and geopolitical risks that can hamper the growth of the market. The future scope of the market includes an increase in online and mobile banking, remote work flexibility, digital transformation, the shift in customer preferences, and advancement in technologies that will help the growth of the BFSI staffing market. North America holds the dominant position in the market.
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| Stats ID: | 7576 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7576 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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