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Core Banking Software Market Size, Share, and Analysis, By Solution (Deposits, Loans, Enterprise Customer Solution, Others), By Service (Professional Service and Managed Service), By Deployment (Cloud, On-premise, SaaS/Hosted, and Licensed), By Banking Ty

Publisher Fatpos Global
Published May 01, 2024
Length 425 Pages
SKU # FAGL18995257

Description

Core Banking Software Market Size, Share, and Analysis, By Solution (Deposits, Loans, Enterprise Customer Solution, Others), By Service (Professional Service and Managed Service), By Deployment (Cloud, On-premise, SaaS/Hosted, and Licensed), By Banking Type (Large Banks, Midsize Bank, Small Banks, Community Banks, Others), By End-User (Financial Institutions, Retail Banking, Treasury, Corporate Banking, Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034


Core Banking Software Market Size, Share, and Analysis, By Solution (Deposits, Loans, Enterprise Customer Solution, Others), By Service (Professional Service and Managed Service), By Deployment (Cloud, On-premise, SaaS/Hosted, and Licensed), By Banking Type (Large Banks, Midsize Bank, Small Banks, Community Banks, Others), By End-User (Financial Institutions, Retail Banking, Treasury, Corporate Banking, Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Core Banking Software Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 14.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 14 billion and is projected to reach USD 61.6 billion by the completion of 2034.

Core banking software is the foundation of a bank's operations, which assist in handling critical services including deposits, withdrawals, loans, and transfers. It functions as a centralized system that combines modules for customer information, accounts, loans, and transaction processing. This unified platform facilitates real-time processing and ensures accuracy, along with efficiency in financial transactions. Beyond transactional capabilities, core banking software provides customer relationship management, compliance management, and reporting tools, which enhance efficiency and customer service in the banking sector. Additionally, the security procedures are strict, that ensures data integrity and confidentiality. Therefore, core banking software acts as the foundation of modern banking, which allows institutions to fulfill the changing needs of clients in a developing financial world.

MARKET HIGHLIGHTS

Core Banking Software Market is projected to reach USD 61.6 billion over the forecast period, owing to the increasing digitization of banking operations and the need for simplified efficiency. This expansion of the core banking software market is attributed to factors such as rising demand for integrated banking solutions, along with strict regulatory compliance mandates. Moreover, industry players are heavily investing in research and development endeavours to innovate and improve their product offering, thereby prioritizing security and customer satisfaction. The introduction of cloud-based solutions and the integration of advanced technologies like artificial intelligence and blockchain are reshaping the landscape of banking software. Consequently, the core banking software market will experience sustained growth due to the growing emphasis on customer-centric banking services and the vast adoption of mobile banking platforms in regions undergoing digital transformation in their financial sectors.

Core Banking Software Market Segments:
  • By Solution
  • Deposits
  • Loans
  • Enterprise Customer Solution
  • Others
  • By Service
  • Professional Service
  • Managed Service
  • By Deployment
  • Cloud
  • On-premise
  • SaaS/Hosted
  • Licensed
  • By Banking Type
  • Large Banks
  • Midsize Bank
  • Small Banks
  • Community Banks
  • Others
  • By End-User
  • Financial Institutions
  • Retail Banking
  • Treasury
  • Corporate Banking
  • Others
MARKET DYNAMICS

Growth Drivers

Digital Transformation will Generate Growth Opportunities

Rising Banking Services in Emerging Markets will Lead to Market Expansion

Restraint

Difficulties with Implementation may Impede the Expansion of the Industry

Key Players
  • FIS Global
  • Temenos AG
  • Fiserv, Inc.
  • Oracle Financial Services Software Limited
  • Tata Consultancy Services (TCS)
  • NCR Corporation
  • Jack Henry & Associates, Inc.
  • Finastra
  • Infosys Finacle
  • SAP SE
  • ACI Worldwide
  • CGI Inc.
  • Sopra Banking Software
  • SIBS
  • Intellect Design Arena Ltd.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

425 Pages
1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Core Banking Software Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Core Banking Software Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Core Banking Software Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Core Banking Software Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Core Banking Software Market Size & Forecast 2024 A-2034 F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1. By Solution
11.3.1.1. Deposits
11.3.1.1.1.By Value (USD Million) 2024-2034 F
11.3.1.1.2. Market Share (%) 2024-2034 F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034 F
11.3.1.2.Loans
11.3.1.2.1. By Value (USD Million) 2024-2034 F
11.3.1.2.2.Market Share (%) 2024-2034 F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034 F
11.3.1.3.Enterprise Customer Solution
11.3.1.3.1. By Value (USD Million) 2024-2034 F
11.3.1.3.2.Market Share (%) 2024-2034 F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034 F
11.3.1.4.Others
11.3.1.4.1. By Value (USD Million) 2024-2034 F
11.3.1.4.2.Market Share (%) 2024-2034 F
11.3.1.4.3.Y-o-Y Growth (%) 2024-2034 F
11.3.2. By Service
11.3.2.1.Professional Service
11.3.2.1.1. By Value (USD Million) 2024-2034 F
11.3.2.1.2.Market Share (%) 2024-2034 F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034 F
11.3.2.2. Managed Service
11.3.2.2.1.By Value (USD Million) 2024-2034 F
11.3.2.2.2. Market Share (%) 2024-2034 F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3.By Deployment
11.3.3.1.Cloud
11.3.3.1.1. By Value (USD Million) 2024-2034 F
11.3.3.1.2.Market Share (%) 2024-2034 F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034 F
11.3.3.2. On-Premise
11.3.3.2.1.By Value (USD Million) 2024-2034 F
11.3.3.2.2. Market Share (%) 2024-2034 F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3.3. SaaS/Hosted
11.3.3.3.1.By Value (USD Million) 2024-2034 F
11.3.3.3.2. Market Share (%) 2024-2034 F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3.4. Licensed
11.3.3.4.1.By Value (USD Million) 2024-2034 F
11.3.3.4.2. Market Share (%) 2024-2034 F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.By Banking Type
11.3.4.1.Large Banks
11.3.4.1.1. By Value (USD Million) 2024-2034 F
11.3.4.1.2.Market Share (%) 2024-2034 F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034 F
11.3.4.2. Midsize Bank
11.3.4.2.1.By Value (USD Million) 2024-2034 F
11.3.4.2.2. Market Share (%) 2024-2034 F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.3. Small Banks
11.3.4.3.1.By Value (USD Million) 2024-2034 F
11.3.4.3.2. Market Share (%) 2024-2034 F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.4.Community Banks
11.3.4.4.1.By Value (USD Million) 2024-2034 F
11.3.4.4.2. Market Share (%) 2024-2034 F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.5. Others
11.3.4.5.1.By Value (USD Million) 2024-2034 F
11.3.4.5.2. Market Share (%) 2024-2034 F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034 F
11.3.5.By End-User
11.3.5.1.Financial Institution
11.3.5.1.1. By Value (USD Million) 2024-2034 F
11.3.5.1.2.Market Share (%) 2024-2034 F
11.3.5.1.3.Y-o-Y Growth (%) 2024-2034 F
11.3.5.2. Retail Banking
11.3.5.2.1.By Value (USD Million) 2024-2034 F
11.3.5.2.2. Market Share (%) 2024-2034 F
11.3.5.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.5.3. Treasury
11.3.5.3.1.By Value (USD Million) 2024-2034 F
11.3.5.3.2. Market Share (%) 2024-2034 F
11.3.5.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.5.4. Corporate Banking
11.3.5.4.1.By Value (USD Million) 2024-2034 F
11.3.5.4.2. Market Share (%) 2024-2034 F
11.3.5.4.3. Y-o-Y Growth (%) 2024-2034 F
11.3.5.5. Others
11.3.5.5.1.By Value (USD Million) 2024-2034 F
11.3.5.5.2. Market Share (%) 2024-2034 F
11.3.5.5.3. Y-o-Y Growth (%) 2024-2034 F
12.North America Core Banking Software Market Size & Forecast 2024 A-2034 F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Solution
12.3.2. By Service
12.3.3. By Deployment
12.3.4. By Banking Type
12.3.5. By End-User
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Core Banking Software Market Size & Forecast 2024 A-2034 F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Solution
13.3.2. By Service
13.3.3. By Deployment
13.3.4. By Banking Type
13.3.5. By End-User
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Core Banking Software Market Size & Forecast 2024 A-2034 F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Solution
14.3.2. By Service
14.3.3. By Deployment
14.3.4. By Banking Type
14.3.5. By End-User
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Core Banking Software Market Size & Forecast 2024 A-2034 F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Solution
15.3.2. By Service
15.3.3. By Deployment
15.3.4. By Banking Type
15.3.5. By End-User
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Core Banking Software Market Size & Forecast 2024 A-2034 F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Solution
16.3.2. By Service
16.3.3. By Deployment
16.3.4. By Banking Type
16.3.5. By End-User
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Fiserv, Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. FIS Global
18.3. Temenos AG
18.4. Infosys Finacle
18.5. Oracle Financial Services Software Limited
18.6. Tata Consultancy Services (TCS)
18.7. NCR Corporation
18.8. Jack Henry & Associates, Inc.
18.9. Finastra
18.10.SAP SE
18.11.ACI Worldwide
18.12. CGI Inc.
18.13. Sopra Banking Software
18.14.SIBS
18.15. Intellect Design Arena Ltd.
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation

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