Global Core Banking Software Market Assessment 2020-2027 – Impact of COVID-19, Case Study Analysis, Key Opportunities and Major Players

The global core banking software market is set to gain impetus from the increasing adoption of innovative technologies, such as cloud, artificial intelligence, and machine learning in the banking industry. This information is given by Fortune Business Insights™ in a new study, titled, “Core Banking Software Market Share, Size & COVID-19 Impact Analysis, By Deployment (SaaS/Hosted, Licensed), By Banking Type (Large Banks, Midsize Banks, Small Banks, Community Banks, and Credit Unions), By End-user (Retail Banking, Treasury, Corporate Banking, and Wealth Management), and Regional Forecast, 2020-2027.” The study further mentions that the market size was USD 8.17 billion in 2019 and is projected to reach USD 28.83 billion by 2027, exhibiting a CAGR of 17.4% during the forecast period.

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Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Core Banking Software Market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Core Banking Software Market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Core Banking Software Market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Core Banking Software Market

COVID-19 Pandemic to Hinder Growth by Changing Interest Rates

The emergence of the COVID-19 pandemic has changed the work culture of various industries across the globe. Numerous financial and baking institutes are implementing the work from home (WFH) policy. Besides, delays in lease payments and changes in interest rates would affect growth negatively. We are delivering accurate reports to help you gain more insights into the current situation of the Core Banking Software Market.

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Table Of Content Core Banking Software Market

8 Companies Profiled (Covered for key 10 players only)

8.1. Overview
8.1.1. Key Management
8.1.2. Headquarters etc.

8.2. Offerings/Business Segments

8.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

8.3.1. Employee Size
8.3.2. Key Financials
8.3.2.1. Past and Current Revenue
8.3.2.2. Gross Margin
8.3.2.3. Geographical Share
8.3.2.4. Business Segment Share

8.4. Recent Developments

9 Annexure/Appendix

9.1. Global Core Banking Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

9.1.1. By Deployment (Value)
9.1.1.1. Saas/Hosted
9.1.1.2. Licensed
9.1.2. By Banking Type (Value)
9.1.2.1. Large Banks
9.1.2.2. Midsize Banks
9.1.2.3. Small Banks
9.1.2.4. Community Banks
9.1.2.5. Credit Unions
9.1.3. By End-user (Value)
9.1.3.1. Retail Banking
9.1.3.2. Treasury
9.1.3.3. Corporate Banking
9.1.3.4. Wealth Management
9.1.4. By Region (Value)
9.1.4.1. North America
9.1.4.2. Europe
9.1.4.3. Asia Pacific
9.1.4.4. Middle East & Africa
9.1.4.5. South America

9.2. North America Core Banking Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

9.2.1. By Deployment (Value)
9.2.1.1. Saas/Hosted
9.2.1.2. Licensed
9.2.2. By Banking Type (Value)
9.2.2.1. Large Banks
9.2.2.2. Midsize Banks
9.2.2.3. Small Banks
9.2.2.4. Community Banks
9.2.2.5. Credit Unions
9.2.3. By End-user (Value)
9.2.3.1. Retail Banking
9.2.3.2. Treasury
9.2.3.3. Corporate Banking
9.2.3.4. Wealth Management
9.2.4. By Country (Value)
9.2.4.1. US
9.2.4.1.1. By Banking Type (Value)
9.2.4.1.1.1. Large Banks
9.2.4.1.1.2. Midsize Banks
9.2.4.1.1.3. Small Banks
9.2.4.1.1.4. Community Banks
9.2.4.1.1.5. Credit Unions
9.2.4.2. Canada
9.2.4.2.1. By Banking Type (Value)
9.2.4.2.1.1. Large Banks
9.2.4.2.1.2. Midsize Banks
9.2.4.2.1.3. Small Banks
9.2.4.2.1.4. Community Banks
9.2.4.2.1.5. Credit Unions
9.2.4.3. Mexico
9.2.4.3.1. By Banking Type (Value)
9.2.4.3.1.1. Large Banks
9.2.4.3.1.2. Midsize Banks
9.2.4.3.1.3. Small Banks
9.2.4.3.1.4. Community Banks
9.2.4.3.1.5. Credit Unions

9.3. Europe Core Banking Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

9.3.1. By Deployment (Value)
9.3.1.1. Saas/Hosted
9.3.1.2. Licensed
9.3.2. By Banking Type (Value)
9.3.2.1. Large Banks
9.3.2.2. Midsize Banks
9.3.2.3. Small Banks
9.3.2.4. Community Banks
9.3.2.5. Credit Unions
9.3.3. By End-user (Value)
9.3.3.1. Retail Banking
9.3.3.2. Treasury
9.3.3.3. Corporate Banking
9.3.3.4. Wealth Management
9.3.4. By Country (Value)
9.3.4.1. United Kingdom
9.3.4.1.1. By Banking Type (Value)
9.3.4.1.1.1. Large Banks
9.3.4.1.1.2. Midsize Banks
9.3.4.1.1.3. Small Banks
9.3.4.1.1.4. Community Banks
9.3.4.1.1.5. Credit Unions
9.3.4.2. Germany
9.3.4.2.1. By Banking Type (Value)
9.3.4.2.1.1. Large Banks
9.3.4.2.1.2. Midsize Banks
9.3.4.2.1.3. Small Banks
9.3.4.2.1.4. Community Banks
9.3.4.2.1.5. Credit Unions
9.3.4.3. France
9.3.4.3.1. By Banking Type (Value)
9.3.4.3.1.1. Large Banks
9.3.4.3.1.2. Midsize Banks
9.3.4.3.1.3. Small Banks
9.3.4.3.1.4. Community Banks
9.3.4.3.1.5. Credit Unions
9.3.4.4. Italy
9.3.4.4.1. By Banking Type (Value)
9.3.4.4.1.1. Large Banks
9.3.4.4.1.2. Midsize Banks
9.3.4.4.1.3. Small Banks
9.3.4.4.1.4. Community Banks
9.3.4.4.1.5. Credit Unions
9.3.4.5. Spain
9.3.4.5.1. By Banking Type (Value)
9.3.4.5.1.1. Large Banks
9.3.4.5.1.2. Midsize Banks
9.3.4.5.1.3. Small Banks
9.3.4.5.1.4. Community Banks
9.3.4.5.1.5. Credit Unions
9.3.4.6. Russia
9.3.4.6.1. By Banking Type (Value)
9.3.4.6.1.1. Large Banks
9.3.4.6.1.2. Midsize Banks
9.3.4.6.1.3. Small Banks
9.3.4.6.1.4. Community Banks
9.3.4.6.1.5. Credit Unions
9.3.4.7. Benelux
9.3.4.7.1. By Banking Type (Value)
9.3.4.7.1.1. Large Banks
9.3.4.7.1.2. Midsize Banks
9.3.4.7.1.3. Small Banks
9.3.4.7.1.4. Community Banks
9.3.4.7.1.5. Credit Unions
9.3.4.8. Nordics
9.3.4.8.1. By Banking Type (Value)
9.3.4.8.1.1. Large Banks
9.3.4.8.1.2. Midsize Banks
9.3.4.8.1.3. Small Banks
9.3.4.8.1.4. Community Banks
9.3.4.8.1.5. Credit Unions
9.3.4.9. Rest of Europe

TOC Continued…!

How Did We Develop This Report?

The Core Banking Software Market for core banking software houses regulatory firms and processors in its supply chain. We have used both primary and secondary research to obtain quantitative and qualitative data about the supply and demand sides. We have also analyzed competitive developments, such as collaborations, new product launches, mergers & acquisitions, joint ventures, collaborations, and agreements. Lastly, the report includes profiles of the prominent organizations and the strategies adopted by them to increase sales.

Drivers & Restraints-

Increasing Need to Monitor Banking Processes Efficiently Will Bolster Growth  

The increasing adoption of SaaS-based or cloud-based core banking software solutions provided by various manufacturers, such as Temenos AG and Finastra would propel the market growth in the near future. These help banks in monitoring transactions and payments effectively. However, the surging concerns about mobile malware, application vulnerabilities, information loss, and unencrypted data may obstruct the demand for core banking software solutions.

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A list of all the renowned software providers operating in the global Core Banking Software Market:

  • Alphabet Inc. (Google LLC) (California, United States)
  • SAP SE (Walldorf, Germany)
  • International Business Machines Corporation (IBM) (New York, United States)
  • Oracle Corporation (California, United States)
  • Microsoft Corporation (Washington, United States)
  • Infosys Limited (Bengaluru, India)
  • Tata Consultancy Services Limited (Mumbai, India)
  • Capgemini SE (Paris, France)
  • HCL Technologies Limited (Noida, India)
  • Intellicus Technologies (California, United States)
  • NCR Corporation (Georgia, United States)
  • Finastra (London, United Kingdom)
  • Wipro Limited (Bengaluru, India)
  • Fiserv, Inc. (Wisconsin, United States)
  • Temenos AG (Geneva, Switzerland)
  • Fidelity National Information Services, Inc. (FIS) (Florida, United States)
  • Jack Henry & Associates, Inc. (Missouri, United States)
  • Unisys Corporation (Pennsylvania, United States)
  • VSoft Technologies Pvt. Ltd. (Telangana, India)
  • Computer Services, Inc. (CSI) (Kentucky, United States)
  • C-Edge Technologies Ltd. (Mumbai, India)

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Competitive Landscape-

Key Players Focus on Launching Novel Core Banking Software to Intensify Competition

This Core Banking Software Market contains a large number of companies. They are mainly focusing on the development of innovative software solutions to cater to the high demand worldwide. Some of the others are also engaging in the partnership strategy to enhance their positions. Below are the two latest industry developments:

  • August 2020: COK Sodality Co-operative Credit Union Limited introduced its latest Universa Digital Core Banking Suite. It is available for both desktop and mobile devices. It will help COK’s members to use a single username and password for going through the authentication process in every electronic channel.
  • August 2020: Fidelity National Information Services, Inc. (FIS) launched ClearEdge, its latest subscription-based core banking software solution. It will simplify and speed up the access to the advanced technology that banks will utilize for serving their customers amid the post-pandemic phase.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact:
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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