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Global Reconciliation Software in Banking Market Size study & Forecast, by Deployment (On-premise, On Cloud), by Functionality (Matching Engine, Exception Management, Reporting and Analytics, Financial Control, Automation, Other), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: GA50182D665CEN
Bizwit Research & Consulting LLP

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Global Reconciliation Software in Banking Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Reconciliation serves as the vital process of confirming the harmony between two sets of records. Banking, known for its complexity in reconciliation and meticulous management practices, presents unique challenges. The sheer volume of transactions, intricate processes, integration of multiple data sources, evolving regulatory standards, and other factors converge to form some of the most intricate and demanding reconciliation procedures encountered in contemporary practices. The market growth is driven by key factors such as growth in online transactions, substantial savings for organizations with high volume bank reconciliation needs and a rise in the adoption of advanced technologies among the fintech and banking sectors.

With the rise of online banking, the volume of transactions has soared. Each online transaction, whether it's bill payments, fund transfers, or online purchases, adds to the complexity of reconciling accounts. Reconciliation software helps banks handle this increased volume efficiently. As per Statista, in 2022, the Digital Payments market boasted a staggering global transaction value of USD 8,487.9 billion, establishing itself as the premier segment within the FinTech industry. Also, China emerged as the dominant force in this arena, with its transaction value soaring to USD 3,496.6 billion, solidifying its position as the largest market for Digital Payments worldwide. Moreover, in 2022, card payments accounted for the majority (53 % of online purchases in Brazil, emerging as the leading payment method. Cash followed as the second most utilized payment option, comprising 16% of transactions. Bank transfers and e-wallet payments were slightly less prevalent among Brazilian consumers, each representing 15 %of e-commerce checkouts. Significantly, cards remained the primary online payment method across Latin America as a whole. However, different security issues faced by enterprises stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Reconciliation Software in Banking Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the global Reconciliation Software Market, largely due to advancements in banking technology, the proliferation of digital payment services leading to a surge in transactions, and the expansion of virtual currencies facilitated by blockchain technology. Moreover, Asia Pacific is projected to witness the most rapid growth, driven by extensive integration of innovative technologies and information technology within the banking sector, exemplified by Chinese private banks such as Shenzhen QianhaiWeBank. These developments promise to deliver high-quality, more streamlined financial services to a broad spectrum of individuals and Micro and Small Enterprises (MSEs).

Major market player included in this report are:

Gresham Technologies Plc

API Software Limited (U.K)

Automation Anywhere (U.S.)

BlackLine Inc. (U.S.)

BoradRidge Inc(U.S.)

Ekeekaran Inc. (Ireland)

Datalog Finance (Switzerland)

Duco (U.K)

Fidelity National Information Services (U.S.)

Fiserv Inc. (U.S.)

Global Reconciliation Software in Banking Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Deployment, Functionality, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Deployment:

On-premise

On Cloud

By Functionality:

Matching Engine

Exception Management

Reporting and Analytics

Financial Control

Automation

Other

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Reconciliation Software in Banking Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Reconciliation Software in Banking Market, by Deployment, 2020-2030 (USD Billion)
  1.2.3. Reconciliation Software in Banking Market, by Functionality, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL RECONCILIATION SOFTWARE IN BANKING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL RECONCILIATION SOFTWARE IN BANKING MARKET DYNAMICS

3.1. Reconciliation Software in Banking Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growth in Online Transaction
    3.1.1.2. Substantial Savings for Organizations with High-Volume Bank Reconciliation Needs
    3.1.1.3. Rise in the adoption of advanced technologies among the fintech and banking sectors
  3.1.2. Market Challenges
    3.1.2.1. Different Security Issues Faced by Enterprises
  3.1.3. Market Opportunities
    3.1.3.1. Growth in Use of Machine Learning and Artificial Intelligence In Recon Software
    3.1.3.2. Growth in the adoption of cloud-enabled account reconciliation software

CHAPTER 4. GLOBAL RECONCILIATION SOFTWARE IN BANKING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL RECONCILIATION SOFTWARE IN BANKING MARKET, BY DEPLOYMENT

5.1. Market Snapshot
5.2. Global Reconciliation Software in Banking Market by Deployment, Performance - Potential Analysis
5.3. Global Reconciliation Software in Banking Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
5.4. Reconciliation Software in Banking Market, Sub Segment Analysis
  5.4.1. On-premises
  5.4.2. On Cloud

CHAPTER 6. GLOBAL RECONCILIATION SOFTWARE IN BANKING MARKET, BY FUNCTIONALITY

6.1. Market Snapshot
6.2. Global Reconciliation Software in Banking Market by Functionality, Performance - Potential Analysis
6.3. Global Reconciliation Software in Banking Market Estimates & Forecasts by Functionality 2020-2030 (USD Billion)
6.4. Reconciliation Software in Banking Market, Sub Segment Analysis
  6.4.1. Matching Engine
  6.4.2. Exception Management
  6.4.3. Reporting and Analytics
  6.4.4. Financial Control
  6.4.5. Automation
  6.4.6. Other

CHAPTER 7. GLOBAL RECONCILIATION SOFTWARE IN BANKING MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Reconciliation Software in Banking Market, Regional Market Snapshot
7.4. North America Reconciliation Software in Banking Market
  7.4.1. U.S. Reconciliation Software in Banking Market
    7.4.1.1. Deployment breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Functionality breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Reconciliation Software in Banking Market
7.5. Europe Reconciliation Software in Banking Market Snapshot
  7.5.1. U.K. Reconciliation Software in Banking Market
  7.5.2. Germany Reconciliation Software in Banking Market
  7.5.3. France Reconciliation Software in Banking Market
  7.5.4. Spain Reconciliation Software in Banking Market
  7.5.5. Italy Reconciliation Software in Banking Market
  7.5.6. Rest of Europe Reconciliation Software in Banking Market
7.6. Asia-Pacific Reconciliation Software in Banking Market Snapshot
  7.6.1. China Reconciliation Software in Banking Market
  7.6.2. India Reconciliation Software in Banking Market
  7.6.3. Japan Reconciliation Software in Banking Market
  7.6.4. Australia Reconciliation Software in Banking Market
  7.6.5. South Korea Reconciliation Software in Banking Market
  7.6.6. Rest of Asia Pacific Reconciliation Software in Banking Market
7.7. Latin America Reconciliation Software in Banking Market Snapshot
  7.7.1. Brazil Reconciliation Software in Banking Market
  7.7.2. Mexico Reconciliation Software in Banking Market
7.8. Middle East & Africa Reconciliation Software in Banking Market
  7.8.1. Saudi Arabia Reconciliation Software in Banking Market
  7.8.2. South Africa Reconciliation Software in Banking Market
  7.8.3. Rest of Middle East & Africa Reconciliation Software in Banking Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Gresham Technologies Plc
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. API Software Limited (U.K)
  8.3.3. Automation Anywhere (U.S.)
  8.3.4. BlackLine Inc. (U.S.)
  8.3.5. BoradRidge Inc(U.S.)
  8.3.6. Ekeekaran Inc. (Ireland)
  8.3.7. Datalog Finance (Switzerland)
  8.3.8. Duco (U.K)
  8.3.9. Fidelity National Information Services (U.S.)
  8.3.10. Fiserv Inc. (U.S.)

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

12 .LIST OF TABLES

TABLE 1. Global Reconciliation Software in Banking Market, report scope
TABLE 2. Global Reconciliation Software in Banking Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Reconciliation Software in Banking Market estimates & forecasts by Deployment 2020-2030 (USD Billion)
TABLE 4. Global Reconciliation Software in Banking Market estimates & forecasts by Functionality 2020-2030 (USD Billion)
TABLE 5. Global Reconciliation Software in Banking Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Reconciliation Software in Banking Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Reconciliation Software in Banking Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Reconciliation Software in Banking Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Reconciliation Software in Banking Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Reconciliation Software in Banking Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Reconciliation Software in Banking Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Reconciliation Software in Banking Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Reconciliation Software in Banking Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Reconciliation Software in Banking Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Reconciliation Software in Banking Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Reconciliation Software in Banking Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Reconciliation Software in Banking Market
TABLE 70. List of primary sources, used in the study of global Reconciliation Software in Banking Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Reconciliation Software in Banking Market, research methodology
FIG 2. Global Reconciliation Software in Banking Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Reconciliation Software in Banking Market, key trends 2022
FIG 5. Global Reconciliation Software in Banking Market, growth prospects 2023-2030
FIG 6. Global Reconciliation Software in Banking Market, porters 5 force model
FIG 7. Global Reconciliation Software in Banking Market, pest analysis
FIG 8. Global Reconciliation Software in Banking Market, value chain analysis
FIG 9. Global Reconciliation Software in Banking Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Reconciliation Software in Banking Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Reconciliation Software in Banking Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Reconciliation Software in Banking Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Reconciliation Software in Banking Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Reconciliation Software in Banking Market, regional snapshot 2020 & 2030
FIG 15. North America Reconciliation Software in Banking Market 2020 & 2030 (USD Billion)
FIG 16. Europe Reconciliation Software in Banking Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Reconciliation Software in Banking Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Reconciliation Software in Banking Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Reconciliation Software in Banking Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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