Market Research Logo

Global Third-party Banking Software Market 2018-2022

Global Third-party Banking Software Market 2018-2022

About third-party banking software

A third-party banking software is an outsourced, customized, and integrated software solution for banking organizations. This software provides end-to end and omni-channel management of banking operations. The goal of deploying this software is the efficient streamlining of processes and meeting the evolving modern end-customers' expectations.

Technavio’s analysts forecast the global third-party banking software market to grow at a CAGR of 8.38% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global third-party banking software market for 2018-2022. To calculate the market size, the report considers the revenues generated from third-party banking software that includes stand-alone and integrated solutions with existing banking solutions.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Third-party Banking Software Market 2018-2022 , 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
  • FIS
  • Fiserv
  • Infosys
  • Oracle
  • Temenos
Market driver
  • Increasing adoption of customer-centric perspective
  • For a full, detailed list, view our report
Market challenge
  • High switching costs from legacy systems
  • For a full, detailed list, view our report
Market trend
  • Advent of open banking paradigm
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 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 Third-party Banking Software Market 2018-2022

Technavio recognizes the following companies as the key players in the global third-party banking software market: FIS, Fiserv Infosys, Oracle, and Temenos.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advent of open banking paradigm. The second most important trend for the third-party banking software market is the expected shift toward open banking platforms through the implementation of open application programming interfaces (APIs) across banking industries. The APIs would enable third-parties as well as stakeholders to cooperate and share information via multitudes of use cases. This would allow banks and allied software vendors to generate new revenue streams and deliver an enhanced customer experience. An open banking”

According to the report, one of the major drivers for this market is Increasing adoption of customer-centric perspective. Most modern businesses are becoming customer-centric in a bid to retain customers in the face of disruption, high competition, and increasingly fragmented markets. The banking industry is no exception. The end-customers want a 24/7 personalized experience that is tailored to their specific requirements. This requires the banking business to be data-driven, concentrate on analytics, develop smart insights from data, and hence, align itself with the end-customers’ requirements. The modern customer constantly demands a seamless banking experience. This trend of customer-centricity promotes the adoption of third-party banking software solutions. L

Further, the report states that one of the major factors hindering the growth of this market is High switching costs from legacy systems. Banking organizations have already invested in setting up their traditional legacy IT infrastructure. The costs that were involved in the setting up of the systems are referred to as sunk costs. Hence, the adoption of third-party banking software brings forth high switching costs as the sunk costs are hard to recover for an organization. The huge cost involved in the complete overhaul of the organization's IT capabilities while adopting third-party banking software is a challenge.

Companies Mentioned

FIS, Fiserv Infosys, Oracle, and Temenos.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global IT software market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ bn)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • 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 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Core banking software - Market size and forecast 2017-2022
      • Table Core banking software - Market size and forecast 2017-2022 ($ bn)
      • Table Core banking software - Year-over-year growth 2018-2022 (%)
    • Asset and wealth management software - Market size and forecast 2017-2022
      • Table Asset management software - Market size and forecast 2017-2022 ($ bn)
      • Table Asset management software - Year-over-year growth 2018-2022 (%)
    • Other banking software - Market size and forecast 2017-2022
      • Table Other banking software - Market size and forecast 2017-2022 ($ bn)
      • Table Other banking software - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by type
    • Segmentation by type
      • Table Type - Market share 2017-2022 (%)
    • Comparison by type
      • Table Comparison by type
    • Retail users - Market size and forecast 2017-2022
      • Table Retail users - Market size and forecast 2017-2022 ($ bn)
      • Table Retail users - Year-over-year growth 2018-2022 (%)
    • Corporate users - Market size and forecast 2017- 2022
      • Table Corporate users - Market size and forecast 2017-2022 ($ bn)
      • Table Corporate users - Year-over-year growth 2018-2022 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Market segmentation by deployment model
    • Segmentation by deployment model
      • Table Deployment model - Market share 2017-2022 (%)
    • Comparison by deployment model
      • Table Comparison by deployment model
    • On-premises model - Market size and forecast 2017-2022
      • Table On-premises model - Market size and forecast 2017-2022 ($ bn)
      • Table On-premises model - Year-over-year growth 2018-2022 (%)
    • Cloud model - Market size and forecast 2017- 2022
      • Table Cloud model - Market size and forecast 2017-2022 ($ bn)
      • Table Cloud model - Year-over-year growth 2018-2022 (%)
    • Market opportunity by deployment model
      • Table Market opportunity by deployment model
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ bn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Migration to componentization of software
    • Advent of open banking paradigm
    • Evolving regulatory regime
    • Technological advances in the near future
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • FIS
      • Table Vendor overview
      • Table FIS - Business segments
      • Table FIS - Organizational developments
      • Table FIS - Geographic focus
      • Table FIS - Key offerings
      • Table FIS - Key customers
    • Fiserv
      • Table Vendor overview
      • Table Fiserv - Business segments
      • Table Fiserv - Organizational developments
      • Table Fiserv - Geographic focus
      • Table Fiserv - Key offerings
      • Table Fiserv - Key customers
    • Infosys
      • Table Vendor overview
      • Table Infosys - Business segments
      • Table Infosys - Organizational developments
      • Table Infosys - Geographic focus
      • Table Infosys - Key offerings
      • Table Infosys - Key customers
    • Oracle
      • Table Vendor overview
      • Table Oracle - Business segments
      • Table Oracle - Organizational developments
      • Table Oracle - Geographic focus
      • Table Oracle - Key offerings
      • Table Oracle - Key customers
    • Temenos
      • Table Vendor overview
      • Table Temenos - Business segments
      • Table Temenos - Organizational developments
      • Table Temenos - Geographic focus
      • Table Temenos - Key offerings
      • Table Temenos - Key customers
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report