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Global Core Banking Solutions Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Upcoming Report
  • May 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Core Banking Solutions Market, By Component (Solution, Service), Deployment Model (On-Premise, Cloud), Enterprise Size (Large Enterprises, Small & Medium Enterprises [SMEs]), Type (Enterprise Customer Solutions, Loans, Deposits, Others),  End-User (Banks, Credit Unions & Community Banks, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Core Banking Solutions Market  Market Analysis and Insights : Global Core Banking Solutions Market

The core banking solutions market will reach at an estimated value of USD 32,959.80 million and grow at a CAGR of 14.50% in the forecast period of 2021 to 2028. Rise in the need of operating customer account for a single server is an essential factor driving the core banking solutions market.

Core banking software is defined as the software that is used for recording and managing banks customer transaction made to their account. This core banking software are adopted by the wide number of banks for easy flow of enhanced risk management, banking activities and are able to monitor the transaction activities from any branch of bank. This software helps in offering benefits such as reduce operational costs, minimize human intervention thereby limiting factor, makes the internal staff more competent, facilitates decision making through reporting & analytics. It also reduces the risks with the help of optimum checks & safety and increases employee efficiency.

Rise in the demand of this new technology among the customer for better service and security is a crucial factor accelerating the market growth, also growing customer expectations and improve profitability, rise in the rapid adoption of technology among the customer, rise in the on-cloud deployments which allow maintaining all the information & transaction details of an account holder on the network server and access from any location and rapid increase in online banking transactions and centralized banking in real-time  are the major factors among others boosting the core banking solutions market. Moreover, rise in the growth in mergers and acquisitions among banks & financial institutions across various regions and untapped potential of emerging economies and rising research and development activities in the market will further create new opportunities for core banking solutions market in the forecast period mentioned above.

However, rise in the lack of awareness technical complexities and low awareness regarding the software in rural areas are the major factors among others restraining the market growth, and will further challenge the core banking solutions market in the forecast period mentioned above.

This core banking solutions market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on core banking solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Core Banking Solutions Market Scope and Market Size

The core banking solutions market is segmented on the basis of component, deployment model, enterprise size, type and end-users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of component, the core banking solutions market is segmented into solution and service.
  • Based on deployment model, the core banking solutions market is segmented into on-premise and cloud.
  • Based on enterprise size, the core banking solutions market is segmented into large enterprises and small & medium enterprises [SMEs].
  • Based on type, the core banking solutions market is segmented into enterprise customer solutions, loans, deposits and others.
  • The core banking solutions market is also segmented on the basis of end-users into banks, credit unions & community banks and others.

Core Banking Solutions Market Scope Country Level Analysis

The core banking solutions market is analysed and market size, volume information is provided by country, component, deployment model, enterprise size, type and end-users as referenced above.

The countries covered in the core banking solutions market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the core banking solutions market due to rise in the small and medium enterprises in the region are implementing these solutions for the effective flow of banking activities, growing application area of these solutions, growing customer expectations and improve profitability and rise in the rapid adoption of technology among the customer in this region. Asia-Pacific is the expected region in terms of growth in core banking solutions market due to increasing focus on research and development activities and innovations in technology and rise in the demand of this new technology among the customer for better service and security in this region.

The country section of the core banking solutions market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Core Banking Solutions Market Share Analysis

The core banking solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to core banking solutions market.

The major players covered in core banking solutions market report are Unisys, Jayam Solutions, SAP, Infosys Limited, Fiserv, Inc. or its affiliates, HCL Technologies, Capgemini, Tata Consultancy Services Limited, Oracle, FIS, Temenos Headquarters SA, Temenos Headquarters SA, NCR Corporation, Capital Banking Solutions, EdgeVerve Systems Limited, Jayam Solutions, Unisys and Infosys Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Core Banking Solutions Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

 


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