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Third-party Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 148 pages | ID: T2085D416307EN
IMARC Group

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Market Overview:

The global third-party banking software market size reached US$ 26.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

The third-party banking software refers to a multi-channel application that performs numerous core banking functions, private wealth management and business intelligence. It is an integrated and customized software solution that outsources and provides end-to-end omnichannel management of banking operations. It is primarily used by commercial, retail and trading banks for improving their interbank network and streamlining their operations. The software aids in minimizing losses due to human errors, maintaining flexibility in operations, improving customer experience and enabling banks to have a competitive edge over other financial institutions.

Third-party Banking Software Market Trends:

Significant growth in the banking, financial services and insurance (BFSI) industry is one of the key factors driving the growth of the market. Furthermore, the integration of various cloud-computing applications with banking software is also providing a boost to the market growth. In comparison to the traditionally used manual methods, there is an increasing preference for computerized accounting for bookkeeping and monetary transactions. In line with this, consumers are also more inclined toward accessing their account details and performing financial transactions using their smartphones, laptop and tablets. Additionally, technological advancements, such as the incorporation of big data analytics in third-party banking software, is creating a positive impact on the market. These analytical tools aid in processing large amounts of data and making efficient business decisions to increase profitability and identify market trends, thus enabling access to valuable insights for effective decision-making. Other factors, including the emerging trend of customer-centric core banking and the growing demand for standardized processes in the banking sector, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global third-party banking software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, deployment type, application and end-user.

Breakup by Product:

Core Banking Software

Multi-Channel Banking Software

Business Intelligence Software

Others

Breakup by Deployment Type:

On-premises

Cloud-based

Breakup by Application:

Risk Management

Information Security

Business Intelligence

Others

Breakup by End-User:

Commercial Banks

Retail and Trading Banks

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Accenture, Capgemini, Deltek, IBM, Infosys, Microsoft Corporation, NetSuite Inc., Oracle Corporation, SAP SE, Tata Consultancy Services, etc.

Key Questions Answered in This Report:

How has the global third-party banking software market performed so far and how will it perform in the coming years?

What are the key regional markets?

What has been the impact of COVID-19 on the global third-party banking software market?

What is the breakup of the market based on the product?

What is the breakup of the market based on the deployment type?

What is the breakup of the market based on the application?

What is the breakup of the market based on the end-user?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global third-party banking software market and who are the key players?

What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL THIRD-PARTY BANKING SOFTWARE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact Of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Core Banking Software
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Multi-Channel Banking Software
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Business Intelligence Software
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT TYPE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Risk Management
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Information Security
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Business Intelligence
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY END-USER

9.1 Commercial Banks
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Retail and Trading Banks
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE INDICATORS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Accenture
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Capgemini
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Deltek
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 IBM
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Infosys
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Microsoft Corporation
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 NetSuite Inc.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 SWOT Analysis
  15.3.8 Oracle Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 SAP SE
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Tata Consultancy Services
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Third-party Banking Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Third-party Banking Software Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Third-party Banking Software Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: Third-party Banking Software Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Third-party Banking Software Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 6: Global: Third-party Banking Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Third-party Banking Software Market: Competitive Structure
Table 8: Global: Third-party Banking Software Market: Key Players

LIST OF FIGURES

Figure 1: Global: Third-party Banking Software Market: Major Drivers and Challenges
Figure 2: Global: Third-party Banking Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Third-party Banking Software Market: Breakup by Product (in %), 2022
Figure 4: Global: Third-party Banking Software Market: Breakup by Deployment Type (in %), 2022
Figure 5: Global: Third-party Banking Software Market: Breakup by Application (in %), 2022
Figure 6: Global: Third-party Banking Software Market: Breakup by End-User (in %), 2022
Figure 7: Global: Third-party Banking Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Third-party Banking Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Third-party Banking Software (Core Banking Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Third-party Banking Software (Core Banking Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Third-party Banking Software (Multi-Channel Banking Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Third-party Banking Software (Multi-Channel Banking Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Third-party Banking Software (Business Intelligence Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Third-party Banking Software (Business Intelligence Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Third-party Banking Software (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Third-party Banking Software (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Third-party Banking Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Third-party Banking Software (On-Premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Third-party Banking Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Third-party Banking Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Third-party Banking Software (Risk Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Third-party Banking Software (Risk Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Third-party Banking Software (Information Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Third-party Banking Software (Information Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Third-party Banking Software (Business Intelligence) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Third-party Banking Software (Business Intelligence) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Third-party Banking Software (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Third-party Banking Software (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Third-party Banking Software (Commercial Banks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Third-party Banking Software (Commercial Banks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Third-party Banking Software (Retail and Trading Banks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Third-party Banking Software (Retail and Trading Banks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia Pacific: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia Pacific: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Third-party Banking Software Industry: SWOT Analysis
Figure 82: Global: Third-party Banking Software Industry: Value Chain Analysis
Figure 83: Global: Third-party Banking Software Industry: Porter’s Five Forces Analysis


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