- Core banking solutions, encompassing software and services that manage critical banking operations such as deposits, loans, and payments, are pivotal in modernizing financial institutions by enabling real-time transaction processing, enhanced customer service, and integration with digital banking channels
- The surge in demand is fueled by the growing adoption of mobile and internet banking, increasing regulatory pressures, and the need for scalable, flexible systems to meet evolving customer expectations
- North America dominated the core banking solutions market with the largest revenue share of 42.5% in 2024, driven by early adoption of digital banking technologies, high investment in IT infrastructure, and the presence of major market players
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid digitization, increasing financial inclusion, and rising adoption of mobile banking in countries such as India and China
- The enterprise customer solutions segment dominated the largest market revenue share of 38% in 2024, driven by the increasing demand for integrated platforms that streamline customer management, account services, and personalized banking experiences for large financial institutions
