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Global Currency Exchange Software Market 2017-2021

Global Currency Exchange Software Market 2017-2021

About Currency Exchange Software

Currency exchange software is a solution used to exchange currencies and sell and buy e-currencies. It manages every step from sign up to automatic pay-out. The software facilitates the purchase and sale of foreign currency. The software has highly-customizable features and compliance functionality. It features a user-friendly interface that helps simplify transactions, reduce user errors, and minimize risks associated with foreign exchange. The software is implemented by banks and other financial institutions, money-service businesses, hotels, resorts, tourist attractions, and travel agencies.

Technavio’s analysts forecast the global currency exchange software market to grow at a CAGR of 12.63% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global currency exchange software market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Currency Exchange Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Calyx Solutions
  • Clear View Systems
  • Digital Currency Systems
  • MoneyExchangeSoft
  • Yodatech
Other prominent vendors
  • Barracuda FX
  • biz4X
  • CGI Design
  • Cymonz
  • FinCode
  • MEDOC COMPUTERS
  • Mighty Systems
  • VINIT SOLUTIONS
  • Wallsoft
Market driver
  • Pricing strategies of vendors
  • For a full, detailed list, view our report
Market challenge
  • High implementation and maintenance cost
  • For a full, detailed list, view our report
Market trend
  • Rise in demand for integrated currency exchange software
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Currency Exchange Software Market 2017-2021

Technavio recognizes the following companies as the key players in the global currency exchange software market: Calyx Solutions, Clear View Systems, Digital Currency Systems, MoneyExchangeSoft, and Yodatech.

Other Prominent Vendors in the market are: Barracuda FX, biz4X, CGI Design, Cymonz, FinCode, MEDOC COMPUTERS, Mighty Systems, VINIT SOLUTIONS, and Wallsoft.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in demand for integrated currency exchange software. Vendors in the market are offering integrated and converged software suites. End-users prefer integrated software suites as implementation of different software may lead to integration issues. End-users opt integrated products and software suites from the same vendor because they have better integration ability and support other functions. The rise in network complexity and IT infrastructure has made integration an important buying criterion for end-users.”

According to the report, one of the major drivers for this market is Pricing strategies of vendors. Software vendors are adopting customer-centric pricing strategies, enabled by advances in technology, to thrive in a competitive market environment. Several vendors in the currency exchange software market are focusing on providing value-based pricing models depending on the need of the customer and value perception. The pricing of the software is based on differentiating features of the software solution and the value-added features provided to the customers.

Further, the report states that one of the major factors hindering the growth of this market is High implementation and maintenance cost. The high cost of deploying the on-premises currency exchange software is one of the major challenges in the market for small financial institutions, money service businesses, and travel agencies. The cost of software licensing, system design and customization, implementation, training, and maintenance is considered while determining the price of currency exchange software.

Companies Mentioned

Calyx Solutions, Clear View Systems, Digital Currency Systems, MoneyExchangeSoft, Yodatech, Barracuda FX, biz4X, CGI Design, Cymonz, FinCode, MEDOC COMPUTERS, Mighty Systems, VINIT SOLUTIONS, and Wallsoft.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Economic overview
    • Global economic overview
  • Market landscape
    • Market overview
    • Market assumptions
      • Table Global currency exchange software market assumptions
    • Market size and forecast
      • Table Global currency exchange software market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by deployment model
    • Global currency exchange software market by deployment model
      • Table Global currency exchange software market: Deployment models
      • Table Global currency exchange software market by deployment 2016-2021 (% share of revenue)
    • Global on-premises currency exchange software market
      • Table Global on-premises currency exchange software market 2016-2021 ($ billions)
    • Global cloud-based currency exchange software market
      • Table Global cloud-based currency exchange software market 2016-2021 ($ billions)
      • Table Differences between on-premises and cloud-based currency exchange software
  • Geographical segmentation
    • Global currency exchange software market segmentation by geography
      • Table Global currency exchange software by geography 2016-2021 (% share of revenue)
    • Global currency exchange software market by geography (revenue)
      • Table Global currency exchange software market by geography 2016-2021 ($ billions)
    • Currency exchange software market in Americas
    • Currency exchange software market in EMEA
    • Currency exchange software market in APAC
  • Buying criteria
    • Buying criteria for currency exchange software
      • Table Buying criteria for currency exchange software
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Open-source currency exchange software
  • Market trends
    • Rise in demand for integrated currency exchange software
    • Introduction of currency exchange mobile apps
    • P2P currency exchange
  • Vendor landscape
    • Competitive scenario
      • Table Global currency exchange software: Licensing models
    • Major-vendor offerings
      • Table Global currency exchange software market: Major vendors and offerings
    • Major vendors
    • Other prominent vendors
      • Table Global currency exchange software market: Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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