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Global Third-party Banking Software Market 2019-2023

Global Third-party Banking Software Market 2019-2023

About this market

Globally, digital payments are growing continuously in the banking industry. Hence, various enterprises in the banking industry across the globe are offering digital payment solutions to improve day-to-day processes and gain a competitive advantage over their rivals. Therefore, it is also encouraging other enterprises in this industry to offer digital payment solutions in their product offerings. With the growth in such digital payment platforms, the demand for third-party banking software will also increase, as it will help the enterprises to manage their digital payment platforms. Therefore, with the increase in digital payments, the demand for third-party banking software is also expected to increase during the forecast period. Technavio’s analysts have predicted that the third-party banking software market will register a CAGR of almost 9% by 2023.

Market Overview

Increased need for greater customer satisfaction

The enterprises in the banking industry are increasing their geographic reach by expanding into new regions to increase their customer base. This will lead to an increase in customer base, due to which enterprises need to opt for third-party banking software to manage their customers efficiently and provide better customer service.

Issues related to data privacy and security

Data privacy and security risk are the major barriers for the adoption of third-party banking software by enterprises in the banking industry. Since a large volume of financial data of customers is being digitized, crucial aspects such as security, liability, privacy, and protection of intellectual property have emerged in the financial services sector to avoid fraud. Data security and data privacy are major concerns in the market.

For the detailed list of factors that will drive and challenge the growth of the third-party banking software market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Third-party Banking Software Market 2019-2023

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

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the partnerships between regulated financial institutions and alternative fianace companies.”

According to the report, one of the major drivers for this market is the necessity for increased efficiency in banking operations.

Further, the report states that one of the major factors hindering the growth of this market is the poor internet connectivity in developing countries.

Companies Mentioned

FIS
Fiserv
Infosys
Oracle
Temenos Headquarters

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) software market
      • Table Segments of global information technology (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 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • 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 2018
  • Market segmentation by deployment
    • Table Deployment - Market share 2018-2023 (%)
    • Comparison by deployment
      • Table Comparison by deployment
    • On-premises - Market size and forecast 2018-2023
      • Table On-premises - Market size and forecast 2018-2023 ($ millions)
      • Table On-premises - Year-over-year growth 2019-2023 (%)
    • Cloud-based - Market size and forecast 2018-2023
      • Table Cloud-based - Market size and forecast 2018-2023 ($ millions)
      • Table Cloud-based - Year-over-year growth 2019-2023 (%)
    • Market opportunity by deployment
      • Table Market opportunity by deployment
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Core banking software - Market size and forecast 2018-2023
      • Table Core banking software - Market size and forecast 2018-2023 ($ millions)
      • Table Core banking software - Year-over-year growth 2019-2023 (%)
    • Asset and wealth management software - Market size and forecast 2018-2023
      • Table Asset and wealth management software - Market size and forecast 2018-2023 ($ millions)
      • Table Asset and wealth management software - Year-over-year growth 2019-2023 (%)
    • Other banking software - Market size and forecast 2018- 2023
      • Table Other banking software - Market size and forecast 2018-2023 ($ millions)
      • Table Other banking software - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Retail users - Market size and forecast 2018-2023
      • Table Retail users - Market size and forecast 2018-2023 ($ millions)
      • Table Retail users - Year-over-year growth 2019-2023 (%)
    • Corporate users - Market size and forecast 2018-2023
      • Table Corporate users - Market size and forecast 2018-2023 ($ millions)
      • Table Corporate users - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • FIS
      • Table FIS - Vendor overview
      • Table FIS - Business segments
      • Table FIS - Organizational developments
      • Table FIS - Segment focus
      • Table FIS - Key offerings
    • Fiserv, Inc.
      • Table Fiserv, Inc. - Vendor overview
      • Table Fiserv, Inc. - Business segments
      • Table Fiserv, Inc. - Organizational developments
      • Table Fiserv, Inc. - Segment focus
      • Table Fiserv, Inc. - Key offerings
    • Infosys Limited
      • Table Infosys Limited - Vendor overview
      • Table Infosys Limited - Business segments
      • Table Infosys Limited - Organizational developments
      • Table Infosys Limited - Geographic focus
      • Table Infosys Limited - Segment focus
      • Table Infosys Limited - Key offerings
    • Oracle
      • Table Oracle - Vendor overview
      • Table Oracle - Business segments
      • Table Oracle - Organizational developments
      • Table Oracle - Geographic focus
      • Table Oracle - Segment focus
      • Table Oracle - Key offerings
    • Temenos Headquarters SA
      • Table Temenos Headquarters SA - Vendor overview
      • Table Temenos Headquarters SA - Business segments
      • Table Temenos Headquarters SA - Organizational developments
      • Table Temenos Headquarters SA - Geographic focus
      • Table Temenos Headquarters SA - Segment focus
      • Table Temenos Headquarters SA - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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