UAE Core Banking Solutions Market by Component (Solution and Service), Deployment Model (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises [SMEs]), Solution Type (Enterprise Customer Solutions, Loans, Deposits, and Others), and End User (Banks, Credit Unions & Community Banks, and Others): Opportunity Analysis and Industry Forecast, 2020–2027

February 2021 | 123 pages | ID: U7503F4E32CDEN
Allied Market Research

Abstracts

Core banking solutions (CBS) enables execution of routine transactions such as withdrawal, passbooks, cash deposits, statements of accounts, and demand drafts. In addition, it largely engages in networking of branches & allows customers to avail banking services & operate their accounts from any branch of the bank on a single platform, provided by CBS network. Moreover, core banking solutions help to meet dynamically changing market & customer needs, improve & simplify banking processes, speed up banking transactions, and expand presence in rural & remote areas. Furthermore, core banking solutions rely on computer & internet technology to deliver streamlined banking service experience to customers.

Surge in adoption of technologies such as application programming interfaces (APIs), data analytics, artificial intelligence, cloud computing, and robotic process automation (RPA) to modernize banking functionality and provide real-time banking services. These factors, as a result drive the core banking solutions market growth. Moreover, rapid change in consumer behavior & preferences toward availing banking products & services has led banks to enhance their existing product lines by implementing core banking solutions to provide cost-effective & efficient banking services in the country. However, lack of awareness toward core banking solutions and high technology maintenance cost are some of the factors that hamper the market growth.

On the contrary, surge in mergers & acquisitions among banks & financial institutions, which are adopting new approaches for on-going business operations rather than rebuilding from scratch, are expected to enhance automated banking services on a single platform in the country. Banks & financial institutions require modernization of core banking systems and such mergers & acquisitions further propel adoption of these systems.

The UAE core banking solutions market is segmented on the basis of component, deployment model, enterprise size, solution type, and end user. On the basis of component, the market is bifurcated into solution and service. In addition, services segment is further segmented into implementation & integration service, support & maintenance service, and consulting service. In terms of deployment model, it is divided into on-premise and cloud. Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises (SMEs). By solution type, it is segmented into enterprise customer solutions, loans, deposits, and others. On the basis of end user, the market is segmented into banks, credit unions & community banks, and others.

The report analyses the profiles of key players operating in the market include Capital Banking Solutions, EdgeVerve Systems Limited, Finastra, Fiserv, Inc., NCR Corporation, Oracle, SAP SE, SDK.finance, Tata Consultancy Services Limited, and Temenos Headquarters SA. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key benefits for stakeholders

• The study provides in-depth analysis of the UAE core banking solutions market along with the current & future trends to illustrate the imminent investment pockets.
• Information about key drivers, restrains, & opportunities and their impact analysis on the market size are provided in the report.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the UAE core banking solutions market from 2020 to 2027 is provided to determine the market potential.

Key market segments

By Component

• Solution
• Service
• Implementation & Integration Service
• Support & Maintenance Service
• Consulting Service

By Deployment Model

• On-premise
• Cloud

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Solution Type

• Enterprise Customer Solutions
• Loans
• Deposits
• Others

By End User

• Banks
• Credit Unions & Community Banks
• Others

Key market players

• Capital Banking Solutions
• EdgeVerve Systems Limited
• Finastra
• Fiserv, Inc.
• NCR Corporation
• Oracle
• SAP SE
• SDK.finance
• Tata Consultancy Services Limited
• Temenos Headquarters SA

Contents

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
  1.4.1.Secondary research
  1.4.2.Primary research
  1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings
  2.1.1.Top impacting factors
  2.1.2.Top investment pockets
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping UAE core banking solutions market
3.3.Market dynamics
  3.3.1.Drivers
    3.3.1.1.Surge in adoption of core banking technology
    3.3.1.2.Increase in need to provide better customer services
    3.3.1.3.Numerous benefits provided by core banking solutions
  3.3.2.Restraints
    3.3.2.1.Lack of awareness regarding core banking solutions
    3.3.2.2.High maintenance cost & shortage of skilled workforce
  3.3.3.Opportunities
    3.3.3.1.Growth in mergers & acquisitions among banks & financial institutions
    3.3.3.2.Rapid growth in technological advancements
3.4.COVID-19 impact analysis on UAE core banking solutions market
  3.4.1.Impact on UAE core banking solutions market size
  3.4.2.Change in consumer trends, preferences, and budget impact due to COVID-19
  3.4.3.Framework for solving market challenges faced by core banking solutions providers in the country
  3.4.4.Economic impact on core banking solution providers in UAE
  3.4.5.Key player strategies to tackle negative impact on the industry
  3.4.6.Opportunity analysis for core banking solutions providers in the country

CHAPTER 4:UAE CORE BANKING SOLUTIONS MARKET, BY COMPONENT

4.1.Overview
4.2.Software
  4.2.1.Key market trends, growth factors, and opportunities
  4.2.2.Market size and forecast
4.3.Service
  4.3.1.Key market trends, growth factors, and opportunities
  4.3.2.Market size and forecast
  4.3.1.UAE core banking solutions market, by service type
    4.3.1.1.Implementation & integration service
    4.3.1.2.Support & maintenance service
    4.3.1.3.Consulting service

CHAPTER 5:UAE CORE BANKING SOLUTIONS MARKET, BY DEPLOYMENT MODEL

5.1.Overview
5.2.On-premise
  5.2.1.Key market trends, growth factors, and opportunities
  5.2.2.Market size and forecast
5.3.Cloud
  5.3.1.Key market trends, growth factors, and opportunities
  5.3.2.Market size and forecast

CHAPTER 6:UAE CORE BANKING SOLUTIONS MARKET, BY ENTERPRISE SIZE

6.1.Overview
6.2.Large enterprises
  6.2.1.Key market trends, growth factors, and opportunities
  6.2.2.Market size and forecast
6.3.Small & medium enterprises (SMEs)
  6.3.1.Key market trends, growth factors, and opportunities
  6.3.2.Market size and forecast

CHAPTER 7:UAE CORE BANKING SOLUTIONS MARKET, BY SOLUTION TYPE

7.1.Overview
7.2.Enterprise customer solutions
  7.2.1.Key market trends, growth factors, and opportunities
  7.2.2.Market size and forecast
7.3.Loans
  7.3.1.Key market trends, growth factors, and opportunities
  7.3.2.Market size and forecast
7.4.Deposits
  7.4.1.Key market trends, growth factors, and opportunities
  7.4.2.Market size and forecast
7.5.Others
  7.5.1.Key market trends, growth factors, and opportunities
  7.5.2.Market size and forecast

CHAPTER 8:UAE CORE BANKING SOLUTIONS MARKET, BY END USER

8.1.Overview
8.2.Banks
  8.2.1.Key market trends, growth factors, and opportunities
  8.2.2.Market size and forecast
8.3.Credit unions & Community banks
  8.3.1.Key market trends, growth factors, and opportunities
  8.3.2.Market size and forecast
8.4.Others
  8.4.1.Key market trends, growth factors, and opportunities
  8.4.2.Market size and forecast

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction
  9.1.1.Market player positioning, 2019
  9.1.2.Top winning strategies

CHAPTER 10:COMPANY PROFILES

10.1.CAPITAL BANKING SOLUTIONS
  10.1.1.Company overview
  10.1.2.Company snapshot
  10.1.3.Product portfolio
10.2.EDGEVERVE SYSTEMS LIMITED
  10.2.1.Company overview
  10.2.2.Company snapshot
  10.2.3.Product portfolio
  10.2.4.Key strategic moves and developments
10.3.FINASTRA
  10.3.1.Company overview
  10.3.2.Company snapshot
  10.3.3.Product portfolio
  10.3.4.Key strategic moves and developments
10.4.FISERV, INC.
  10.4.1.Company overview
  10.4.2.Company snapshot
  10.4.3.Operating business segments
  10.4.4.Product portfolio
  10.4.5.Business performance
10.5.NCR CORPORATION
  10.5.1.Company overview
  10.5.2.Company snapshot
  10.5.3.Operating business segments
  10.5.4.Product portfolio
  10.5.5.Business performance
10.6.ORACLE
  10.6.1.Company overview
  10.6.2.Company snapshot
  10.6.3.Operating business segments
  10.6.4.Product portfolio
  10.6.5.Business performance
10.7.SAP SE
  10.7.1.Company overview
  10.7.2.Company snapshot
  10.7.3.Operating business segments
  10.7.4.Product portfolio
  10.7.5.Business performance
10.8.SDK.finance
  10.8.1.Company overview
  10.8.2.Company snapshot
  10.8.3.Product portfolio
10.9.TATA CONSULTANCY SERVICES LIMITED
  10.9.1.Company overview
  10.9.2.Company snapshot
  10.9.3.Operating business segments
  10.9.4.Product portfolio
  10.9.5.Business performance
  10.9.6.Key strategic moves and developments
10.10.TEMENOS HEADQUARTERS SA
  10.10.1.Company overview
  10.10.2.Company snapshot
  10.10.3.Operating business segments
  10.10.4.Product portfolio
  10.10.5.Business performance
  10.10.6.Key strategic moves and developments

List Of Tables

LIST OF TABLES

TABLE 01.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 02.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR SOFTWARE, 2019–2027 ($MILLION)
TABLE 03.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR SERVICE, 2019–2027 ($MILLION)
TABLE 04.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 05.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY DEPLOYMENT MODEL, 2019–2027 ($MILLION)
TABLE 06.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR ON-PREMISE, 2019–2027 ($MILLION)
TABLE 07.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR CLOUD, 2019–2027 ($MILLION)
TABLE 08.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 09.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR LARGE ENTERPRISES, 2019–2027 ($MILLION)
TABLE 10.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR SMALL & MEDIUM-SIZED ENTERPRISES (SMES), 2019–2027 ($MILLION)
TABLE 11.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY SOLUTION TYPE, 2019–2027 ($MILLION)
TABLE 12.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR ENTERPRISE CUSTOMER SOLUTIONS, 2019–2027 ($MILLION)
TABLE 13.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR LOANS, 2019–2027 ($MILLION)
TABLE 14.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR DEPOSITS, 2019–2027 ($MILLION)
TABLE 15.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR OTHERS, 2019–2027 ($MILLION)
TABLE 16.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 17.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR BANKS, 2019–2027 ($MILLION)
TABLE 18.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR CREDIT UNIONS & COMMUNITY BANKS, 2019–2027 ($MILLION)
TABLE 19.UAE CORE BANKING SOLUTIONS MARKET REVENUE FOR OTHERS, 2019–2027 ($MILLION)
TABLE 20.CAPITAL BANKING SOLUTIONS: COMPANY SNAPSHOT
TABLE 21.CAPITAL BANKING SOLUTIONS: PRODUCT PORTFOLIO
TABLE 22.EDGEVERVE SYSTEMS LIMITED: COMPANY SNAPSHOT
TABLE 23.EDGEVERVE SYSTEMS LIMITED: PRODUCT PORTFOLIO
TABLE 24.FINASTRA: COMPANY SNAPSHOT
TABLE 25.FINASTRA: PRODUCT PORTFOLIO
TABLE 26.FISERV, INC.: COMPANY SNAPSHOT
TABLE 27.FISERV, INC.: OPERATING SEGMENTS
TABLE 28.FISERV, INC.: PRODUCT PORTFOLIO
TABLE 29.NCR CORPORATION: COMPANY SNAPSHOT
TABLE 30.NCR CORPORATION: OPERATING SEGMENTS
TABLE 31.NCR CORPORATION: PRODUCT PORTFOLIO
TABLE 32.ORACLE: COMPANY SNAPSHOT
TABLE 33.ORACLE: OPERATING SEGMENTS
TABLE 34.ORACLE: PRODUCT PORTFOLIO
TABLE 35.SAP SE: COMPANY SNAPSHOT
TABLE 36.SAP SE: OPERATING SEGMENTS
TABLE 37.SAP SE: PRODUCT PORTFOLIO
TABLE 38.SDK.FINANCE: COMPANY SNAPSHOT
TABLE 39.SDK.FINANCE: PRODUCT PORTFOLIO
TABLE 40.TATA CONSULTANCY SERVICES LIMITED: COMPANY SNAPSHOT
TABLE 41.TATA CONSULTANCY SERVICES LIMITED: OPERATING SEGMENTS
TABLE 42.TATA CONSULTANCY SERVICES LIMITED: PRODUCT PORTFOLIO
TABLE 43.TEMENOS: COMPANY SNAPSHOT
TABLE 44.TEMENOS HEADQUARTERS SA: OPERATING SEGMENTS
TABLE 45.TEMENOS HEADQUARTERS SA: PRODUCT PORTFOLIO

List Of Figures

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.UAE CORE BANKING SOLUTIONS MARKET, BY SEGMENTATION, 2019–2027
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATELY HIGH BARGAINING POWER OF BUYERS
FIGURE 07.HIGH THREAT OF SUBSTITUTES
FIGURE 08.MODERATELY HIGH THREAT OF NEW ENTRANTS
FIGURE 09.HIGH COMPETITIVE RIVALRY
FIGURE 10.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
FIGURE 11.UAE CORE BANKING SOLUTIONS MARKET REVENUE, BY DEPLOYMENT MODEL, 2019–2027 ($MILLION)
FIGURE 12.UAE CORE BANKING SOLUTIONS MARKET, BY ENTERPRISE SIZE, 2019–2027
FIGURE 13.UAE CORE BANKING SOLUTIONS MARKET, BY SOLUTION TYPE, 2019–2027
FIGURE 14.UAE CORE BANKING SOLUTIONS MARKET, BY END USER, 2019–2027
FIGURE 15.MARKET PLAYER POSITIONING, 2019
FIGURE 16.TOP WINNING STRATEGIES, BY YEAR, 2019–2020
FIGURE 17.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019–2020
FIGURE 18.TOP WINNING STRATEGIES, BY COMPANY, 2019–2020
FIGURE 19.FISERV, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 20.FISERV, INC.: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 21.NCR CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 22.NCR CORPORATION: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 23.NCR CORPORATION: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 24.ORACLE: NET REVENUE, 2017–2019 ($MILLION)
FIGURE 25.ORACLE: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 26.ORACLE: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 27.SAP SE: REVENUE, 2017–2019 ($MILLION)
FIGURE 28.SAP SE: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 29.SAP SE: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 30.TATA CONSULTANCY SERVICES LIMITED: NET REVENUE, 2018–2020 ($MILLION)
FIGURE 31.TATA CONSULTANCY SERVICES LIMITED: REVENUE SHARE, BY SEGMENT (2020)
FIGURE 32.TATA CONSULTANCY SERVICES LIMITED: REVENUE SHARE, BY REGION (2020)
FIGURE 33.TEMENOS HEADQUARTERS SA: NET REVENUE, 2017–2019 ($MILLION)
FIGURE 34.TEMENOS HEADQUARTERS SA: REVENUE SHARE, BY SEGMENT (2019)
FIGURE 35.TEMENOS HEADQUARTERS SA: REVENUE SHARE, BY REGION (2019)