[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Core Banking Software Market Size, Share, and Analysis, By Solution (Deposits, Loans, Enterprise Customer Solution, Others), By Service (Professional Service and Managed Service), By Deployment (Cloud, On-premise, SaaS/Hosted, and Licensed), By Banking Type (Large Banks, Midsize Bank, Small Banks, Community Banks, Others), By End-User (Financial Institutions, Retail Banking, Treasury, Corporate Banking, Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

May 2024 | 425 pages | ID: C0693EA6BB90EN
Fatpos Global

US$ 5,150.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Core Banking Software Market Size, Share, and Analysis, By Solution (Deposits, Loans, Enterprise Customer Solution, Others), By Service (Professional Service and Managed Service), By Deployment (Cloud, On-premise, SaaS/Hosted, and Licensed), By Banking Type (Large Banks, Midsize Bank, Small Banks, Community Banks, Others), By End-User (Financial Institutions, Retail Banking, Treasury, Corporate Banking, Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Core Banking Software Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 14.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 14 billion and is projected t%li%reach USD 61.6 billion by the completion of 2034.

Core banking software is the foundation of a bank's operations, which assist in handling critical services including deposits, withdrawals, loans, and transfers. It functions as a centralized system that combines modules for customer information, accounts, loans, and transaction processing. This unified platform facilitates real-time processing and ensures accuracy, along with efficiency in financial transactions. Beyond transactional capabilities, core banking software provides customer relationship management, compliance management, and reporting tools, which enhance efficiency and customer service in the banking sector. Additionally, the security procedures are strict, that ensures data integrity and confidentiality. Therefore, core banking software acts as the foundation of modern banking, which allows institutions t%li%fulfill the changing needs of clients in a developing financial world.

MARKET HIGHLIGHTS

Core Banking Software Market is projected t%li%reach USD 61.6 billion over the forecast period, owing t%li%the increasing digitization of banking operations and the need for simplified efficiency. This expansion of the core banking software market is attributed t%li%factors such as rising demand for integrated banking solutions, along with strict regulatory compliance mandates. Moreover, industry players are heavily investing in research and development endeavours t%li%innovate and improve their product offering, thereby prioritizing security and customer satisfaction. The introduction of cloud-based solutions and the integration of advanced technologies like artificial intelligence and blockchain are reshaping the landscape of banking software. Consequently, the core banking software market will experience sustained growth due t%li%the growing emphasis on customer-centric banking services and the vast adoption of mobile banking platforms in regions undergoing digital transformation in their financial sectors.

Core Banking Software Market Segments:
  • By Solution
  • Deposits
  • Loans
  • Enterprise Customer Solution
  • Others
  • By Service
  • Professional Service
  • Managed Service
  • By Deployment
  • Cloud
  • On-premise
  • SaaS/Hosted
  • Licensed
  • By Banking Type
  • Large Banks
  • Midsize Bank
  • Small Banks
  • Community Banks
  • Others
  • By End-User
  • Financial Institutions
  • Retail Banking
  • Treasury
  • Corporate Banking
  • Others
MARKET DYNAMICS

Growth Drivers

Digital Transformation will Generate Growth Opportunities

Rising Banking Services in Emerging Markets will Lead t%li%Market Expansion

Restraint

Difficulties with Implementation may Impede the Expansion of the Industry

Key Players
  • FIS Global
  • Temenos AG
  • Fiserv, Inc.
  • Oracle Financial Services Software Limited
  • Tata Consultancy Services (TCS)
  • NCR Corporation
  • Jack Henry & Associates, Inc.
  • Finastra
  • Infosys Finacle
  • SAP SE
  • ACI Worldwide
  • CGI Inc.
  • Sopra Banking Software
  • SIBS
  • Intellect Design Arena Ltd.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Core Banking Software Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Core Banking Software Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.CORE BANKING SOFTWARE MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.CORE BANKING SOFTWARE MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. CORE BANKING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1. By Solution
    11.3.1.1. Deposits
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Loans
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Enterprise Customer Solution
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Others
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Service
    11.3.2.1.Professional Service
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Managed Service
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Deployment
    11.3.3.1.Cloud
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. On-Premise
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. SaaS/Hosted
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.4. Licensed
      11.3.3.4.1.By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By Banking Type
    11.3.4.1.Large Banks
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Midsize Bank
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Small Banks
      11.3.4.3.1.By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.4.Community Banks
      11.3.4.4.1.By Value (USD Million) 2024-2034F
      11.3.4.4.2. Market Share (%) 2024-2034F
      11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.5. Others
      11.3.4.5.1.By Value (USD Million) 2024-2034F
      11.3.4.5.2. Market Share (%) 2024-2034F
      11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
  11.3.5.By End-User
    11.3.5.1.Financial Institution
      11.3.5.1.1. By Value (USD Million) 2024-2034F
      11.3.5.1.2.Market Share (%) 2024-2034F
      11.3.5.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.5.2. Retail Banking
      11.3.5.2.1.By Value (USD Million) 2024-2034F
      11.3.5.2.2. Market Share (%) 2024-2034F
      11.3.5.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.5.3. Treasury
      11.3.5.3.1.By Value (USD Million) 2024-2034F
      11.3.5.3.2. Market Share (%) 2024-2034F
      11.3.5.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.5.4. Corporate Banking
      11.3.5.4.1.By Value (USD Million) 2024-2034F
      11.3.5.4.2. Market Share (%) 2024-2034F
      11.3.5.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.5.5. Others
      11.3.5.5.1.By Value (USD Million) 2024-2034F
      11.3.5.5.2. Market Share (%) 2024-2034F
      11.3.5.5.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA CORE BANKING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Solution
  12.3.2. By Service
  12.3.3. By Deployment
  12.3.4. By Banking Type
  12.3.5. By End-User
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE CORE BANKING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Solution
  13.3.2. By Service
  13.3.3. By Deployment
  13.3.4. By Banking Type
  13.3.5. By End-User
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC CORE BANKING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Solution
  14.3.2. By Service
  14.3.3. By Deployment
  14.3.4. By Banking Type
  14.3.5. By End-User
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA CORE BANKING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Solution
  15.3.2. By Service
  15.3.3. By Deployment
  15.3.4. By Banking Type
  15.3.5. By End-User
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA CORE BANKING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Solution
  16.3.2. By Service
  16.3.3. By Deployment
  16.3.4. By Banking Type
  16.3.5. By End-User
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Fiserv, Inc.
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. FIS Global
18.3. Temenos AG
18.4. Infosys Finacle
18.5. Oracle Financial Services Software Limited
18.6. Tata Consultancy Services (TCS)
18.7. NCR Corporation
18.8. Jack Henry & Associates, Inc.
18.9. Finastra
18.10.SAP SE
18.11.ACI Worldwide
18.12. CGI Inc.
18.13. Sopra Banking Software
18.14.SIBS
18.15. Intellect Design Arena Ltd.
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



More Publications