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Core Banking Software Market Size, Share & Trends Analysis Report By Solution (Deposits, Loans), By Service (Professional Service, Managed Service), By Deployment, By End Use, By Region, And Segment Forecasts, 2022 - 2030

February 2022 | 136 pages | ID: C4A50205311EEN
Grand View Research, Inc.

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Core Banking Software Market Growth & Trends

The global core banking software market size is expected to reach USD 21.61 billion by 2030, registering at a CAGR of 8.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the surge in the adoption of core banking technology across banks and financial institutions globally. This technology is helping numerous banks across the globe synchronize their front, mid, and back-office tasks.

Core banking software offers a comprehensive suite of capabilities to power the digital transformation of financial institutes. Numerous banks across the globe are adopting core banking solutions to gain a comprehensive set of capabilities, including extensive parameterization, flexible product factories, reusable business components, and product bundling. These capabilities are helping banks achieve innovation-led growth.

In recent years, the amount of structured and unstructured data available to banks has increased significantly. With advances in machine learning and cloud computing technologies, Artificial Intelligence (AI) is shaping the prospects of financial and banking services. Moreover, with the data history captured using AI-based solutions, core banks across the globe can make more informed business decisions on various functions, including customer experience, back-office operations, product management, and marketing.

The COVID-19 pandemic adversely affected the growth of the market for core banking software. However, banks across the globe are focusing on adopting time and cost-efficient modes of banking that are capable of reducing their operational expenses and improving customer experience. This is expected to create growth opportunities for the market over the forecast period.

Core Banking Software Market Report Highlights
  • In terms of solutions, the enterprise customer solutions segment is expected to witness significant growth over the forecast period. These solutions help banks effectively track and process every customer transaction that occurs at a bank
  • The core banking managed services model offers banks and financial institutions a competitive edge by ensuring high usability, complete functionality, bug-fixing, and timely upgrades. Modern banks need multiple complex systems to run in parallel to effectively ensure uninterrupted service delivery and availability. This is expected to drive the demand for managed services over the forecast period
  • Banks and financial institutions can leverage the power of cloud-based applications. These solutions are deployed and developed as a set of flexible microservices with the help of Platform-as-a-Service (PaaS) tools. These solutions help banks and financial institutions in reducing operational costs, boost performance, and accelerate business growth, thereby driving the adoption of cloud-based solutions
  • The growing need to increase the productivity and operational efficiency of banks is expected to drive the adoption of core banking software across banks over the forecast period. This software enables banking customers to manage their accounts from any part of the world
  • The increasing inclination of banks and other financial institutions toward digital transformation and the rising partnerships between banks and IT businesses in the Asia Pacific region are anticipated to drive the regional market growth over the forecast period
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 Core Banking Software Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Core Banking Software Market, 2017 - 2030
  2.2.1 Global core banking software market, by region, 2017 - 2030
  2.2.2 Global core banking software market, by solution, 2017 - 2030
  2.2.3 Global core banking software market, by service, 2017 - 2030
  2.2.4 Global core banking software market, by deployment, 2017 - 2030
  2.2.5 Global core banking software market, by end-use, 2017 - 2030

CHAPTER 3 CORE BANKING SOFTWARE INDUSTRY OUTLOOK

3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Core Banking Software Market - Value Chain Analysis
3.4 Core Banking Software Market - Market Dynamics
  3.4.1 Market driver analysis
    3.4.1.1 Increasing customer demand for advanced banking technologies
    3.4.1.2 Growing demand for managing customer accounts from a single server
  3.4.2 Market challenge analysis
    3.4.2.1 Lack of awareness
3.5 Penetration and Growth Prospect Mapping
3.6 Core Banking Software Market - Porter’s Five Forces Analysis
3.7 Core Banking Software Market - PESTEL Analysis

CHAPTER 4 CORE BANKING SOFTWARE SOLUTION OUTLOOK

4.1 Core Banking Software Market Share By Solution, 2021
4.2 Deposits
  4.2.1 Deposits core banking software market, 2017 - 2030
4.3 Loans
  4.3.1 Loans core banking software market, 2017 - 2030
4.4 Enterprise Customer Solutions
  4.4.1 Enterprise customer solutions core banking software market, 2017 - 2030
4.5 Others
  4.5.1 Other core banking software market, 2017 - 2030

CHAPTER 5 CORE BANKING SOFTWARE SERVICE OUTLOOK

5.1 Core Banking Software Market Share By Service, 2021
5.2 Professional Service
  5.2.1 Core banking software professional service market, 2017 - 2030
5.3 Managed Service
  5.3.1 Core banking software managed service market, 2017 - 2030

CHAPTER 6 CORE BANKING SOFTWARE DEPLOYMENT OUTLOOK

6.1 Core Banking Software Market Share By Deployment, 2021
6.2 Cloud
  6.2.1 Cloud core banking software market, 2017 - 2030
6.3 On-premise
  6.3.1 On-premise core banking software market, 2017 - 2030

CHAPTER 7 CORE BANKING SOFTWARE END-USE OUTLOOK

7.1 Core Banking Software Market Share By End Use, 2021
7.2 Banks
  7.2.1 Core banking software market in banks, 2017 - 2030
7.3 Financial Institutions
  7.3.1 Core banking software market in financial institutions, 2017 - 2030
7.4 Others
  7.4.1 Core banking software market in other end-uses, 2017 - 2030

CHAPTER 8 CORE BANKING SOFTWARE REGIONAL OUTLOOK

8.1 Core Banking Software Market Share By Region, 2021
8.2 North America
  8.2.1 North America core banking software market, 2017 - 2030
  8.2.2 North America core banking software market, by solution, 2017 - 2030
  8.2.3 North America core banking software market, by service, 2017 - 2030
  8.2.4 North America core banking software market, by deployment, 2017 - 2030
  8.2.5 North America core banking software market, by end-use, 2017 - 2030
  8.2.6 U.S.
    8.2.6.1 U.S. core banking software market, 2017 - 2030
    8.2.6.2 U.S. core banking software market, by solution, 2017 - 2030
    8.2.6.3 U.S. core banking software market, by service, 2017 - 2030
    8.2.6.4 U.S. core banking software market, by deployment, 2017 - 2030
    8.2.6.5 U.S. core banking software market, by end-use, 2017 - 2030
  8.2.7 Canada
    8.2.7.1 Canada core banking software market, 2017 - 2030
    8.2.7.2 Canada core banking software market, by solution, 2017 - 2030
    8.2.7.3 Canada core banking software market, by service, 2017 - 2030
    8.2.7.4 Canada core banking software market, by deployment, 2017 - 2030
    8.2.7.5 Canada core banking software market, by end-use, 2017 - 2030
8.3 Europe
  8.3.1 Europe core banking software market, 2017 - 2030
  8.3.2 Europe core banking software market, by solution, 2017 - 2030
  8.3.3 Europe core banking software market, by service, 2017 - 2030
  8.3.4 Europe core banking software market, by deployment, 2017 - 2030
  8.3.5 Europe core banking software market, by end-use, 2017 - 2030
  8.3.6 Germany
    8.3.6.1 Germany core banking software market, 2017 - 2030
    8.3.6.2 Germany core banking software market, by solution, 2017 - 2030
    8.3.6.3 Germany core banking software market, by service, 2017 - 2030
    8.3.6.4 Germany core banking software market, by deployment, 2017 - 2030
    8.3.6.5 Germany core banking software market, by end-use, 2017 - 2030
  8.3.7 U.K.
    8.3.7.1 U.K. core banking software market, 2017 - 2030
    8.3.7.2 U.K. core banking software market, by solution, 2017 - 2030
    8.3.7.3 U.K. core banking software market, by service, 2017 - 2030
    8.3.7.4 U.K. core banking software market, by deployment, 2017 - 2030
    8.3.7.5 U.K. core banking software market, by end-use, 2017 - 2030
8.4 Asia Pacific
  8.4.1 Asia Pacific core banking software market, 2017 - 2030
  8.4.2 Asia Pacific core banking software market, by solution, 2017 - 2030
  8.4.3 Asia Pacific core banking software market, by service, 2017 - 2030
  8.4.4 Asia Pacific core banking software market, by deployment, 2017 - 2030
  8.4.5 Asia Pacific core banking software market, by end-use, 2017 - 2030
  8.4.6 China
    8.4.6.1 China core banking software market, 2017 - 2030
    8.4.6.2 China core banking software market, by solution, 2017 - 2030
    8.4.6.3 China core banking software market, by service, 2017 - 2030
    8.4.6.4 China core banking software market, by deployment, 2017 - 2030
    8.4.6.5 China core banking software market, by end-use, 2017 - 2030
  8.4.7 India
    8.4.7.1 India core banking software market, 2017 - 2030
    8.4.7.2 India core banking software market, by solution, 2017 - 2030
    8.4.7.3 India core banking software market, by service, 2017 - 2030
    8.4.7.4 India core banking software market, by deployment, 2017 - 2030
    8.4.7.5 India core banking software market, by end-use, 2017 - 2030
  8.4.8 Japan
    8.4.8.1 Japan core banking software market, 2017 - 2030
    8.4.8.2 Japan core banking software market, by solution, 2017 - 2030
    8.4.8.3 Japan core banking software market, by service, 2017 - 2030
    8.4.8.4 Japan core banking software market, by deployment, 2017 - 2030
    8.4.8.5 Japan core banking software market, by end-use, 2017 - 2030
8.5 Latin America
  8.5.1 Latin America core banking software market, 2017 - 2030
  8.5.2 Latin America core banking software market, by solution, 2017 - 2030
  8.5.3 Latin America core banking software market, by service, 2017 - 2030
  8.5.4 Latin America core banking software market, by deployment, 2017 - 2030
  8.5.5 Latin America core banking software market, by end-use, 2017 - 2030
  8.5.6 Brazil
    8.5.6.1 Brazil core banking software market, 2017 - 2030
    8.5.6.2 Brazil core banking software market, by solution, 2017 - 2030
    8.5.6.3 Brazil core banking software market, by service, 2017 - 2030
    8.5.6.4 Brazil core banking software market, by deployment, 2017 - 2030
    8.5.6.5 Brazil core banking software market, by end-use, 2017 - 2030
8.6 MEA
  8.6.1 MEA core banking software market, 2017 - 2030
  8.6.2 MEA core banking software market, by solution, 2017 - 2030
  8.6.3 MEA core banking software market, by service, 2017 - 2030
  8.6.4 MEA core banking software market, by deployment, 2017 - 2030
  8.6.5 MEA core banking software market, by end-use, 2017 - 2030

CHAPTER 9 COMPETITIVE ANALYSIS

9.1 Recent Developments & Impact Analysis, By Key Market Participants
9.2 Company Categorization
9.3 Vendor Landscape
  9.3.1 Company Market Share Analysis, 2021
9.4 Company Analysis Tools
  9.4.1 Company Market Position Analysis
  9.4.2 Competitive Dashboard Analysis

CHAPTER 10 COMPETITIVE LANDSCAPE

10.1 Capgemini
  10.1.1 Company overview
  10.1.2 Financial performance
    10.1.2.1 Revenue share by business segments (%), 2021
  10.1.3 Product benchmarking
  10.1.4 Strategic initiatives
10.2 Finastra
  10.2.1 Company overview
  10.2.2 Product benchmarking
  10.2.3 Strategic initiatives
10.3 FIS
  10.3.1 Company overview
  10.3.2 Financial performance
    10.3.2.1 Revenue share by business segments (%), 2021
  10.3.3 Product benchmarking
  10.3.4 Strategic initiatives
10.4 Fiserv, Inc.
  10.4.1 Company overview
  10.4.2 Financial performance
  10.4.3 Product benchmarking
  10.4.4 Strategic initiatives
10.5 HCL Technologies Limited
  10.5.1 Company overview
  10.5.2 Financial performance
    10.5.2.1 Revenue share by business segments (%), 2021
  10.5.3 Product benchmarking
  10.5.4 Strategic initiatives
10.6 Infosys Limited
  10.6.1 Company overview
  10.6.2 Financial performance
    10.6.2.1 Revenue share by business segments (%), 2021
  10.6.3 Product benchmarking
  10.6.4 Strategic initiatives
10.7 Jack Henry & Associates, Inc.
  10.7.1 Company overview
  10.7.2 Financial performance
    10.7.2.1 Revenue share by business segments (%), 2021
  10.7.3 Product benchmarking
  10.7.4 Strategic initiatives
10.8 Oracle Corporation
  10.8.1 Company overview
  10.8.2 Financial performance
    10.8.2.1 Revenue share by business segments (%), 2021
  10.8.3 Product benchmarking
  10.8.4 Strategic initiatives
10.9 Temenos
  10.9.1 Company overview
  10.9.2 Financial performance
  10.9.3 Product benchmarking
  10.9.4 Strategic initiatives
10.10 Unisys
  10.10.1 Company overview
  10.10.2 Financial performance
    10.10.2.1 Revenue share by business segments (%), 2021
  10.10.3 Product benchmarking
  10.10.4 Strategic initiatives

LIST OF TABLES

TABLE 1 Core banking software market - Industry snapshot & key buying criteria, 2017 - 2030
TABLE 2 Global core banking software market, 2017 - 2030 (USD Million)
TABLE 3 Global core banking software market, by region, 2017 - 2030 (USD Million)
TABLE 4 Global core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 5 Global core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 6 Global core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 7 Global core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 8 Range of banking services
TABLE 9 Deposits core banking software market, 2017 - 2030 (USD Million)
TABLE 10 Deposits core banking software market, by region, 2017 - 2030 (USD Million)
TABLE 11 Loans core banking software market, 2017 - 2030 (USD Million)
TABLE 12 Loans core banking software market, by region, 2017 - 2030 (USD Million)
TABLE 13 Enterprise customer solutions core banking software market, 2017 - 2030 (USD Million)
TABLE 14 Enterprise customer solutions core banking software market, by region, 2017 - 2030 (USD Million)
TABLE 15 Other core banking software market, 2017 - 2030 (USD Million)
TABLE 16 Other core banking software market, by region, 2017 - 2030 (USD Million)
TABLE 17 Core banking software professional service market, 2017 - 2030 (USD Million)
TABLE 18 Core banking software professional service market, by region, 2017 - 2030 (USD Million)
TABLE 19 Core banking software managed service market, 2017 - 2030 (USD Million)
TABLE 20 Core banking software managed service market, by region, 2017 - 2030 (USD Million)
TABLE 21 Cloud core banking software market, 2017 - 2030 (USD Million)
TABLE 22 Cloud core banking software market, by region, 2017 - 2030 (USD Million)
TABLE 23 On-premise core banking software market, 2017 - 2030 (USD Million)
TABLE 24 On-premise core banking software market, by region, 2017 - 2030 (USD Million)
TABLE 25 Core banking software market in banks, 2017 - 2030 (USD Million)
TABLE 26 Core banking software market in banks, by region, 2017 - 2030 (USD Million)
TABLE 27 Core banking software market in financial institutions, 2017 - 2030 (USD Million)
TABLE 28 Core banking software market in financial institutions, by region, 2017 - 2030 (USD Million)
TABLE 29 Core banking software market in other end-uses, 2017 - 2030 (USD Million)
TABLE 30 Core banking software market in other end-uses, by region, 2017 - 2030 (USD Million)
TABLE 31 North America core banking software market, 2017 - 2030 (USD Million)
TABLE 32 North America core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 33 North America core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 34 North America core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 35 North America core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 36 U.S. core banking software market, 2017 - 2030 (USD Million)
TABLE 37 U.S. core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 38 U.S. core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 39 U.S. core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 40 U.S. core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 41 Canada core banking software market, 2017 - 2030 (USD Million)
TABLE 42 Canada core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 43 Canada core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 44 Canada core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 45 Canada core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 46 Europe core banking software market, 2017 - 2030 (USD Million)
TABLE 47 Europe core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 48 Europe core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 49 Europe core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 50 Europe core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 51 Germany core banking software market, 2017 - 2030 (USD Million)
TABLE 52 Germany core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 53 Germany core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 54 Germany core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 55 Germany core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 56 U.K. core banking software market, 2017 - 2030 (USD Million)
TABLE 57 U.K. core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 58 U.K. core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 59 U.K. core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 60 U.K. core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 61 Asia Pacific core banking software market, 2017 - 2030 (USD Million)
TABLE 62 Asia Pacific core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 63 Asia Pacific core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 64 Asia Pacific core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 65 Asia Pacific core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 66 China core banking software market, 2017 - 2030 (USD Million)
TABLE 67 China core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 68 China core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 69 China core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 70 China core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 71 India core banking software market, 2017 - 2030 (USD Million)
TABLE 72 India core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 73 India core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 74 India core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 75 India core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 76 Japan core banking software market, 2017 - 2030 (USD Million)
TABLE 77 Japan core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 78 Japan core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 79 Japan core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 80 Japan core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 81 Latin America core banking software market, 2017 - 2030 (USD Million)
TABLE 82 Latin America core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 83 Latin America core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 84 Latin America core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 85 Latin America core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 86 Brazil core banking software market, 2017 - 2030 (USD Million)
TABLE 87 Brazil core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 88 Brazil core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 89 Brazil core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 90 Brazil core banking software market, by end-use, 2017 - 2030 (USD Million)
TABLE 91 MEA core banking software market, 2017 - 2030 (USD Million)
TABLE 92 MEA core banking software market, by solution, 2017 - 2030 (USD Million)
TABLE 93 MEA core banking software market, by service, 2017 - 2030 (USD Million)
TABLE 94 MEA core banking software market, by deployment, 2017 - 2030 (USD Million)
TABLE 95 MEA core banking software market, by end-use, 2017 - 2030 (USD Million)
LIST OF FIGURES

FIG. 1 Market segmentation and scope
FIG. 2 Core banking software market, 2017 - 2030 (USD Million)
FIG. 3 Core banking software market - Value chain analysis
FIG. 4 Core banking software market - Market dynamics
FIG. 5 Core banking software market - Key market driver impact
FIG. 6 Types of Artificial Intelligence (AI) deployment across companies, 2017
FIG. 7 Core banking software market - Key market challenge impact
FIG. 8 Key opportunities prioritized
FIG. 9 Core banking software market - Porter’s five forces analysis
FIG. 10 Core banking software market - PESTEL analysis
FIG. 11 Core banking software market, by solution, 2021
FIG. 12 Core banking software market, by service, 2021
FIG. 13 Core banking software market, by deployment, 2021
FIG. 14 Core banking software market, by end-use, 2021
FIG. 15 Core banking software market, by region, 2021
FIG. 16 Core banking software market - Regional takeaways
FIG. 17 North America core banking software market - Key takeaways
FIG. 18 Europe core banking software market - Key takeaways
FIG. 19 Asia Pacific core banking software market - Key takeaways
FIG. 20 Latin America core banking software market - Key takeaways
FIG. 21 MEA core banking software market - Key takeaways
FIG. 22 Core banking software market - Company market share analysis, 2021
FIG. 23 Core banking software market - Company market position analysis, 2021
FIG. 24 Core banking software market - Competitive dashboard analysis


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