Core Banking Software Market Growth Expect to Exhibit a CAGR of 7.78% during 2022-2027
According to IMARC Group’s latest report, titled “Core Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global core banking software market is expected to exhibit a CAGR of 7.78% during 2022-2027. Looking forward, IMARC Group expects the global core banking software market to continue its robust growth during the forecast period (2022-2027).
Core banking software (CBS) refer to the tools that are generally used
for handling banking activities, including transactions, payments, and
financial records. These services aid in processing day-to-day banking transactions,
such as publishing updates to reports. CBS also assist in calculating
interests, floating new accounts, servicing loans, processing deposits and
withdrawals, and managing customer relationships. As a result, CBS find widespread applications
in banks and financial institutions across the globe.
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The escalating demand for these services, as they offer various benefits, including process standardization, transaction accuracy, improved management of documentation and records, and ease in the submission of regulatory reports, is among the primary factors driving the core banking software market. Besides this, the elevating requirement for these tools, owing to the increased guidance to consumers in opening accounts, calculating interest, completing quick routine transactions of cash deposits and withdrawals, and offering banking services anywhere, is further augmenting the market growth.
Moreover, the growing popularity of core banking software across
the globe, as they receive e-payments instantly and transfer funds remotely,
and the gradual shift toward online banking solutions are also catalyzing the
global market. Apart from this, the leading service providers are integrating
big data, artificial intelligence (AI), and software as a service (SaaS)
technology to offer unique financial experiences and accelerate digital
transformation, which is expected to bolster the core banking software market
in the coming years.
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In this
report you will get detailed analysis of the market, growth analysis graphs,
historical period analysis, forecast period analysis, major market
segmentation, top leading key players of the market, table of content, list of
figures, and list of tables.
Competitive
Landscape with Key Players:
The
competitive landscape of the industry has also been examined along with the
profiles of the key players.
- Capgemini
- Fidelity Information
Services Inc.
- Finastra
- Fiserv Inc.
- HCL Technologies Limited
- Infosys Limited
- Jack Henry & Associates
Inc.
- Oracle Corporation
- SAP SE
- Tata Consultancy Services
Limited
- Temenos AG
- Unisys Corporation.
Core
Banking Software Market Segmentation:
The
report has categorized the market based on solution, service, deployment and
end use.
Breakup
by Solution:
- Deposits
- Loans
- Enterprise Customer
Solutions
- Others
Breakup
by Service:
- Professional Service
- Managed Service
Breakup
by Deployment:
- Cloud-based
- On-premises
Breakup
by End Use:
- Banks
- Financial Institutions
- Others
Breakup
by Region:
- North America (United
States, Canada)
- Asia-Pacific (China, Japan,
India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France,
United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil,
Mexico, Others)
- Middle East and
Africa (United Arab Emirates, Saudi Arabia,
Qatar, Iraq, South Africa, Others)
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Note: We are updating our reports, If
you want the report with the latest primary and secondary data (2022-2027)
including industry trends, market size and Competitive landscape, etc. Click
request free sample report, published report will be delivered to you in PDF
format via email within 24 to 48 hours.
Key
highlights of the report:
- Market Performance
(2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success
Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the
competitive landscape
If you
need specific information that is not currently within the scope of the report,
we will provide it to you as a part of the customization.
Related
Reports by IMARC Group:
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