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Retail Core Banking Solution Market Size, Share & Trends Analysis Report By Component, By Deployment, By Enterprise Size, By Application, By Region, And Segment Forecasts, 2022 - 2030

December 2022 | 150 pages | ID: R832E09981BDEN
Grand View Research, Inc.

US$ 5,950.00

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Retail Core Banking Solution Market Growth & Trends

The global retail core banking solution market size is expected to reach USD 9.21 billion by 2030, growing at a CAGR of 9.8% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. A number of technologies, including blockchain, chatbots, machine learning, artificial intelligence, data analytics, Robotic Process Automation (RPA), and cloud computing, have witnessed increased adoption in the banking sector. Additionally, by using core banking technologies, banks can effectively analyze their customer base while enabling their clients to do their typical banking operations. Therefore, to deliver more integrated & value-added services, numerous banks are introducing core banking technologies to update banking functionality. As a result, the growth of the retail core banking solution market is driven by banks' adoption and implementation of these solutions.

The growing use of Software-as-a-Service (SaaS) based or cloud-based banking platforms offered by software providers like Finastra, FIS Global, and Temenos AG is one of the key industry drivers. Banking institutions can keep an eye on payments, transactions, and other banking activities owing to the existence of cloud-based technologies. Thus, the market will expand as a result of the increasing need for productivity and improvement in businesses.

Major businesses are concentrating on enhanced offerings to obtain a competitive edge in the industry. For instance, in January 2019, Temenos AG introduced Temenos Transact, a core banking solution, and Temenos Infinity, a cloud-based digital front office product. These new solutions would offer their customers complete banking capability, and it seeks to hasten business use of cloud computing, which is anticipated to create further opportunities for the market.

The COVID-19 pandemic has considerably impacted the market for core banking systems due to the global increase in the use and adoption of online and digitalized financial services. Additionally, many regions have implemented lockdowns to contain the spread of the virus; as a result, retail core banking solution providers offer Software-as-a-Service (SaaS) platforms that aid banks in maintaining banking operations and remaining competitive during the pandemic. As a result, amid the global health crisis, this has emerged as one of the key growth factors for the market for core banking solutions.

Retail Core Banking Solution Market Report Highlights
  • The solution segment dominated the market in 2021. The dominance can be ascribed to the fact that retail core banking solutions make it possible for branches of the same bank or financial institution to communicate with one another and make processing loans, deposits, and credits easier
  • The cloud segment dominated the market in 2021. To compete with more cutting-edge digital rivals, financial institutions and banks with on-premise infrastructure are concentrating on implementing cloud-based solutions
  • The small & medium enterprises segment is anticipated to grow at the fastest rate over the projection period. The growth of the segment can be attributed to the increasing number of small & medium enterprises worldwide
  • The digital banking segment is expected to witness the fastest growth during the forecast period. The growing number of smartphone users and internet penetration is expected to propel the segment's growth
  • Asia Pacific is expected to witness the fastest growth during the forecast period. As retail core banking solutions enable them to manage a high volume of transactions and banking services without interruption, numerous banks in the region are concentrating on adopting them
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot

CHAPTER 3 RETAIL CORE BANKING SOLUTION INDUSTRY OUTLOOK

3.1 Market Segmentation and Scope
3.2 Retail Core Banking Solution Market - Value Chain Analysis
3.3 Retail Core Banking Solution Market - Market Dynamics
  3.3.1 Market driver analysis
    3.3.1.1 Increasing demand for mobile and internet banking
    3.3.1.2 Rising demand for a secure and flexible banking channel
  3.3.2 Market challenge analysis
    3.3.2.1 Concerns about information security and privacy
3.4 Retail Core Banking Solution Market - Porter’s Five Forces Analysis
3.5 Retail Core Banking Solution Market - PESTEL Analysis

CHAPTER 4 INVESTMENT LANDSCAPE ANALYSIS

4.1 Investor Strategies
4.2 Investor Vision & Goal Analysis
4.3 Funding Raised by Retail Banks

CHAPTER 5 RETAIL CORE BANKING SOLUTION COMPONENT OUTLOOK

5.1 Retail Core Banking Solution Market Share By Component, 2021
5.2 Solution
  5.2.1 Retail core banking solution market, 2017 - 2030
5.3 Services
  5.3.1 Retail core banking services market, 2017 - 2030

CHAPTER 6 RETAIL CORE BANKING SOLUTION DEPLOYMENT OUTLOOK

6.1 Retail Core Banking Solution Market Share By Deployment, 2021
6.2 Cloud
  6.2.1 Cloud retail core banking solution market, 2017 - 2030
6.3 On-premise
  6.3.1 On-premise retail core banking solution market, 2017 - 2030

CHAPTER 7 RETAIL CORE BANKING SOLUTION ENTERPRISE SIZE OUTLOOK

7.1 Retail Core Banking Solution Market Share By Enterprise Size, 2021
7.2 Small & Medium Enterprises
  7.2.1 Retail core banking solution market in small & medium enterprises, 2017 - 2030
7.3 Large Enterprises
  7.3.1 Retail core banking solution market in large enterprises, 2017 - 2030

CHAPTER 8 RETAIL CORE BANKING SOLUTION APPLICATION OUTLOOK

8.1 Retail Core Banking Solution Market Share By Application, 2021
8.2 Regulatory Compliance
  8.2.1 Retail core banking solution market in regulatory compliance, 2017 - 2030
8.3 Risk Management
  8.3.1 Retail core banking solution market in risk management, 2017 - 2030
8.4 Digital Banking
  8.4.1 Retail core banking solution market in digital banking, 2017 - 2030
8.5 Others
  8.5.1 Retail core banking solution market in others, 2017 - 2030

CHAPTER 9 RETAIL CORE BANKING SOLUTION REGIONAL OUTLOOK

9.1 Retail Core Banking Solution Market Share By Region, 2021
9.2 North America
  9.2.1 North America retail core banking solution market, 2017 - 2030
  9.2.2 North America retail core banking solution market, by component, 2017 - 2030
  9.2.3 North America retail core banking solution market, by deployment, 2017 - 2030
  9.2.4 North America retail core banking solution market, by enterprise size, 2017 - 2030
  9.2.5 North America retail core banking solution market, by application, 2017 - 2030
  9.2.6 U.S.
    9.2.6.1 U.S. retail core banking solution market, 2017 - 2030
    9.2.6.2 U.S. retail core banking solution market, by component, 2017 - 2030
    9.2.6.3 U.S. retail core banking solution market, by deployment, 2017 - 2030
    9.2.6.4 U.S. retail core banking solution market, by enterprise size, 2017 - 2030
    9.2.6.5 U.S. retail core banking solution market, by application, 2017 - 2030
  9.2.7 Canada
    9.2.7.1 Canada retail core banking solution market, 2017 - 2030
    9.2.7.2 Canada retail core banking solution market, by component, 2017 - 2030
    9.2.7.3 Canada retail core banking solution market, by deployment, 2017 - 2030
    9.2.7.4 Canada retail core banking solution market, by enterprise size, 2017 - 2030
    9.2.7.5 Canada retail core banking solution market, by application, 2017 - 2030
9.3 Europe
  9.3.1 Europe retail core banking solution market, 2017 - 2030
  9.3.2 Europe retail core banking solution market, by component, 2017 - 2030
  9.3.3 Europe retail core banking solution market, by deployment, 2017 - 2030
  9.3.4 Europe retail core banking solution market, by enterprise size, 2017 - 2030
  9.3.5 Europe retail core banking solution market, by application, 2017 - 2030
  9.3.6 Germany
    9.3.6.1 Germany retail core banking solution market, 2017 - 2030
    9.3.6.2 Germany retail core banking solution market, by component, 2017 - 2030
    9.3.6.3 Germany retail core banking solution market, by deployment, 2017 - 2030
    9.3.6.4 Germany retail core banking solution market, by enterprise size, 2017 - 2030
    9.3.6.5 Germany retail core banking solution market, by application, 2017 - 2030
  9.3.7 U.K.
    9.3.7.1 U.K. retail core banking solution market, 2017 - 2030
    9.3.7.2 U.K. retail core banking solution market, by component, 2017 - 2030
    9.3.7.3 U.K. retail core banking solution market, by deployment, 2017 - 2030
    9.3.7.4 U.K. retail core banking solution market, by enterprise size, 2017 - 2030
    9.3.7.5 U.K. retail core banking solution market, by application, 2017 - 2030
9.4 Asia Pacific
  9.4.1 Asia Pacific retail core banking solution market, 2017 - 2030
  9.4.2 Asia Pacific retail core banking solution market, by component, 2017 - 2030
  9.4.3 Asia Pacific retail core banking solution market, by deployment, 2017 - 2030
  9.4.4 Asia Pacific retail core banking solution market, by enterprise size, 2017 - 2030
  9.4.5 Asia Pacific retail core banking solution market, by application, 2017 - 2030
  9.4.6 China
    9.4.6.1 China retail core banking solution market, 2017 - 2030
    9.4.6.2 China retail core banking solution market, by component, 2017 - 2030
    9.4.6.3 China retail core banking solution market, by deployment, 2017 - 2030
    9.4.6.4 China retail core banking solution market, by enterprise size, 2017 - 2030
    9.4.6.5 China retail core banking solution market, by application, 2017 - 2030
  9.4.7 India
    9.4.7.1 India retail core banking solution market, 2017 - 2030
    9.4.7.2 India retail core banking solution market, by component, 2017 - 2030
    9.4.7.3 India retail core banking solution market, by deployment, 2017 - 2030
    9.4.7.4 India retail core banking solution market, by enterprise size, 2017 - 2030
    9.4.7.5 India retail core banking solution market, by application, 2017 - 2030
  9.4.8 Japan
    9.4.8.1 Japan retail core banking solution market, 2017 - 2030
    9.4.8.2 Japan retail core banking solution market, by component, 2017 - 2030
    9.4.8.3 Japan retail core banking solution market, by deployment, 2017 - 2030
    9.4.8.4 Japan retail core banking solution market, by enterprise size, 2017 - 2030
    9.4.8.5 Japan retail core banking solution market, by application, 2017 - 2030
9.5 Latin America
  9.5.1 Latin America retail core banking solution market, 2017 - 2030
  9.5.2 Latin America retail core banking solution market, by component, 2017 - 2030
  9.5.2 Latin America retail core banking solution market, by deployment, 2017 - 2030
  9.5.3 Latin America retail core banking solution market, by enterprise size, 2017 - 2030
  9.5.4 Latin America retail core banking solution market, by application, 2017 - 2030
  9.5.5 Brazil
    9.5.5.1 Brazil retail core banking solution market, 2017 - 2030
    9.5.5.2 Brazil retail core banking solution market, by component, 2017 - 2030
    9.5.5.3 Brazil retail core banking solution market, by deployment, 2017 - 2030
    9.5.5.4 Brazil retail core banking solution market, by enterprise size, 2017 - 2030
    9.5.5.5 Brazil retail core banking solution market, by application, 2017 - 2030
9.6 MEA
  9.6.1 MEA retail core banking solution market, 2017 - 2030
  9.6.2 MEA retail core banking solution market, by component, 2017 - 2030
  9.6.3 MEA retail core banking solution market, by deployment, 2017 - 2030
  9.6.4 MEA retail core banking solution market, by enterprise size, 2017 - 2030
  9.6.5 MEA retail core banking solution market, by application, 2017 - 2030

CHAPTER 10 COMPETITIVE ANALYSIS

10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
  10.3.1 Key company market share analysis, 2021
10.4 Company Analysis Tools
  10.4.1 Company market position analysis
  10.4.2 Competitive dashboard analysis

CHAPTER 11 COMPETITIVE LANDSCAPE

11.1 Oracle
  11.1.1 Company overview
  11.1.2 Financial performance
  11.1.3 Product benchmarking
  11.1.4 Strategic initiatives
11.2 Temenos Headquarters SA
  11.2.1 Company overview
  11.2.2 Financial performance
  11.2.3 Product benchmarking
  11.2.4 Strategic initiatives
11.3 Fiserv, Inc.
  11.3.1 Company overview
  11.3.2 Financial performance
  11.3.3 Product benchmarking
  11.3.4 Strategic initiatives
11.4 Tata Consultancy Service Limited
  11.4.1 Company overview
  11.4.2 Financial performance
  11.4.3 Product benchmarking
  11.4.4 Strategic initiatives
11.5 SAP SE
  11.5.1 Company overview
  11.5.2 Financial performance
  11.5.3 Product benchmarking
  11.5.4 Strategic initiatives
11.6 Infosys
  11.6.1 Company overview
  11.6.2 Financial performance
  11.6.3 Product benchmarking
  11.6.4 Strategic initiatives
11.7 FIS
  11.7.1 Company overview
  11.7.2 Financial performance
  11.7.3 Product benchmarking
  11.7.4 Strategic initiatives
11.8 InfrasoftTech
  11.8.1 Company overview
  11.8.2 Financial performance
  11.8.3 Product benchmarking
  11.8.4 Strategic initiatives
11.9 Polaris Software
  11.9.1 Company overview
  11.9.2 Financial performance
  11.9.3 Product benchmarking
  11.9.4 Strategic initiatives
11.10 Silverlake Axis Ltd.
  11.10.1 Company overview
  11.10.2 Financial performance
  11.10.3 Product benchmarking
  11.10.4 Strategic initiatives
LIST OF TABLES

TABLE 1 Retail core banking solution market - Industry snapshot & key buying criteria, 2017 - 2030
TABLE 2 Global retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 3 Global retail core banking solution market, by region, 2017 - 2030 (USD Million)
TABLE 4 Global retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 5 Global retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 6 Global retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 7 Global retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 8 Retail core banking solution market - Key market driver impact
TABLE 9 Retail core banking solution market - Key market challenge impact
TABLE 10 Retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 11 Retail core banking solution market, by region, 2017 - 2030 (USD Million)
TABLE 12 Retail core banking services market, 2017 - 2030 (USD Million)
TABLE 13 Retail core banking services market, by region, 2017 - 2030 (USD Million)
TABLE 14 Cloud retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 15 Cloud retail core banking solution market, by region, 2017 - 2030 (USD Million)
TABLE 16 On-premise retail core banking solution, 2017 - 2030 (USD Million)
TABLE 17 On-premise retail core banking solution, by region, 2017 - 2030 (USD Million)
TABLE 18 Retail core banking solution market in small & medium enterprises, 2017 - 2030 (USD Million)
TABLE 19 Retail core banking solution market in small & medium enterprises, by region, 2017 - 2030 (USD Million)
TABLE 20 Retail core banking solution market in large enterprises, 2017 - 2030 (USD Million)
TABLE 21 Retail core banking solution market in large enterprise, by region, 2017 - 2030 (USD Million)
TABLE 22 Regulatory compliance retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 23 Regulatory compliance retail core banking solution market, by region, 2017 - 2030 (USD Million)
TABLE 24 Risk management retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 25 Risk management retail core banking solution market, by region, 2017 - 2030 (USD Million)
TABLE 26 Digital banking retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 27 Digital banking retail core banking solution market, by region, 2017 - 2030 (USD Million)
TABLE 28 Others retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 29 Others retail core banking solution market, by region, 2017 - 2030 (USD Million)
TABLE 30 North America retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 31 North America retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 32 North America retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 33 North America retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 34 North America retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 35 U.S. retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 36 U.S. retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 37 U.S. retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 38 U.S. retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 39 U.S. retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 40 Canada retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 41 Canada retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 42 Canada retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 43 Canada retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 45 Canada retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 46 Europe retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 47 Europe retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 48 Europe retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 49 Europe retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 50 Europe retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 51 Germany retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 52 Germany retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 53 Germany retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 54 Germany retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 55 Germany retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 56 U.K. retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 57 U.K. retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 58 U.K. retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 59 U.K. retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 60 U.K. retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 61 Asia Pacific retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 62 Asia Pacific retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 63 Asia Pacific retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 64 Asia Pacific retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 65 Asia Pacific retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 66 China retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 67 China retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 68 China retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 69 China retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 70 China retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 71 India retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 72 India retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 73 India retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 74 India retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 75 India retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 76 Japan retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 77 Japan retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 78 Japan retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 79 Japan retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 80 Japan retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 81 Latin America retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 82 Latin America retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 83 Latin America retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 84 Latin America retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 85 Latin America retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 86 Brazil retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 87 Brazil retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 88 Brazil retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 89 Brazil retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 90 Brazil retail core banking solution market, by application, 2017 - 2030 (USD Million)
TABLE 91 MEA retail core banking solution market, 2017 - 2030 (USD Million)
TABLE 92 MEA retail core banking solution market, by component, 2017 - 2030 (USD Million)
TABLE 93 MEA retail core banking solution market, by deployment, 2017 - 2030 (USD Million)
TABLE 94 MEA retail core banking solution market, by enterprise size, 2017 - 2030 (USD Million)
TABLE 95 MEA retail core banking solution market, by application, 2017 - 2030 (USD Million)
LIST OF FIGURES


FIG. 1 Market segmentation and scope
FIG. 2 Global retail core banking solution market, 2017 - 2030 (USD Million)
FIG. 3 Retail core banking solution market - Value chain analysis
FIG. 4 Retail core banking solution market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Retail core banking solution market - Porter’s five forces analysis
FIG. 7 Retail core banking solution market - Key company market share analysis, 2021
FIG. 8 Retail core banking solution market - PESTEL analysis
FIG. 9 Retail core banking solution market, by component, 2021
FIG. 10 Retail core banking solution market, by deployment, 2021
FIG. 11 Retail core banking solution market, by enterprise size, 2021
FIG. 12 Retail core banking solution market, by application, 2021
FIG. 13 Retail core banking solution market, by region, 2021
FIG. 14 Retail core banking solution market - Regional takeaways
FIG. 15 North America retail core banking solution market - Key takeaways
FIG. 16 Europe retail core banking solution market - Key takeaways
FIG. 17 Asia Pacific retail core banking solution market - Key takeaways
FIG. 18 Latin America retail core banking solution market - Key takeaways
FIG. 19 MEA contact retail core banking solution market - Key takeaways


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