Global Islamic Banking Software Market 2020-2024

Global Islamic Banking Software Market 2020-2024

Technavio has been monitoring the Islamic banking software market and it is poised to grow by $ 461.83 mn during 2020-2024 progressing at a CAGR of 13% during the forecast period. Our reports on Islamic banking software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the distribution of smart cards by banks, increasing Sukuk issuance and mobility in banking industry. In addition, the distribution of smart cards by banks is anticipated to boost the growth of the market as well.

The Islamic banking software market analysis includes application segment and geographic landscapes

Technavio's Islamic banking software market is segmented as below:

By Application

  • Retail
  • Corporate
  • Others
By Geographic Landscapes
  • APAC
  • Europe
  • MEA
  • North America
  • South America
This study identifies the rising adoption of cloud-based services as one of the prime reasons driving the Islamic banking software market growth during the next few years. Also, advent of big data and analytics and adoption of blockchain technology will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our Islamic banking software market covers the following areas:
  • Islamic banking software market sizing
  • Islamic banking software market forecast
  • Islamic banking software market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Islamic banking software market vendors that include ICS Financial Systems Ltd., Infosys Ltd., International Turnkey Systems Group, Nucleus Software Exports Ltd., Oracle Corp. Path Solutions K.S.C.C., SAB Sopra Steria Group, Tata Consultancy Services Ltd., and Temenos AG. Also, the Islamic banking software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
      • Principles of Islamic banking
        • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 – 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Force Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Retail - Market size and forecast 2019-2024
      • Table Retail - Market size and forecast 2019-2024 ($ million)
      • Table Retail - Year-over-year growth 2019-2024 (%)
    • Corporate - Market size and forecast 2019-2024
      • Table Corporate - Market size and forecast 2019-2024 ($ million)
      • Table Corporate - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Issue of smart cards by banks
      • Increasing Sukuk issuance
      • Mobility in banking industry
      • Social media in banking industry
    • Market challenges
      • Lack of expertise, awareness, and training
      • Data security, privacy, and migration issues
      • System integration and interoperability issues
      • Shortage of skilled IT professionals
        • Table Impact of drivers and challenges
    • Market trends
      • Adoption of blockchain technology
      • Advent of big data and analytics
      • Adoption of cloud-based services
      • Advent of GIS technology in banking
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive scenario
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ICS Financial Systems Ltd.
      • Table ICS Financial Systems Ltd. - Overview
      • Table ICS Financial Systems Ltd. - Product and service
      • Table ICS Financial Systems Ltd. - Key news
      • Table ICS Financial Systems Ltd. - Key offerings
    • Infosys Ltd.
      • Table Infosys Ltd. - Overview
      • Table Infosys Ltd. - Business segments
      • Table Infosys Ltd. - Key news
      • Table Infosys Ltd. - Key offerings
      • Table Infosys Ltd. - Segment focus
    • International Turnkey Systems Group
      • Table International Turnkey Systems Group - Overview
      • Table International Turnkey Systems Group - Product and service
      • Table International Turnkey Systems Group - Key news
      • Table International Turnkey Systems Group - Key offerings
    • Nucleus Software Exports Ltd.
      • Table Nucleus Software Exports Ltd. - Overview
      • Table Nucleus Software Exports Ltd. - Business segments
      • Table Nucleus Software Exports Ltd. - Key news
      • Table Nucleus Software Exports Ltd. - Key offerings
      • Table Nucleus Software Exports Ltd. - Segment focus
    • Oracle Corp.
      • Table Oracle Corp. - Overview
      • Table Oracle Corp. - Business segments
      • Table Oracle Corp. - Key news
      • Table Oracle Corp. - Key offerings
      • Table Oracle Corp. - Segment focus
    • Path Solutions K.S.C.C.
      • Table Path Solutions K.S.C.C. - Overview
      • Table Path Solutions K.S.C.C. - Product and service
      • Table Path Solutions K.S.C.C. - Key news
      • Table Path Solutions K.S.C.C. - Key offerings
    • SAB
      • Table SAB - Overview
      • Table SAB - Product and service
      • Table SAB - Key news
      • Table SAB - Key offerings
    • Sopra Steria Group
      • Table Sopra Steria Group - Overview
      • Table Sopra Steria Group - Business segments
      • Table Sopra Steria Group - Key news
      • Table Sopra Steria Group - Key offerings
      • Table Sopra Steria Group - Segment focus
    • Tata Consultancy Services Ltd.
      • Table Tata Consultancy Services Ltd. - Overview
      • Table Tata Consultancy Services Ltd. - Business segments
      • Table Tata Consultancy Services Ltd. - Key news
      • Table Tata Consultancy Services Ltd. - Key offerings
      • Table Tata Consultancy Services Ltd. - Segment focus
    • Temenos AG
      • Table Temenos AG - Overview
      • Table Temenos AG - Business segments
      • Table Temenos AG - Key news
      • Table Temenos AG - Key offerings
      • Table Temenos AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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