Core Banking Software Market Size, Share & 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, 2021-2028
Fortune Business Insights published the latest research report on the Core Banking Software Market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, theCore Banking Software Marketstudy demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
- The Global Core Banking Software Market was estimated to be valued at USD 10.8 Billion in 2021.
- The growth rate of the Global Core Banking Software Market is 18.3 %, with an estimated value of USD 40.67 Billion by 2029.
- The Global Core Banking Software Market is estimated to be worth USD 40.67 Billion by 2029.
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Report Details:
| ATTRIBUTE | DETAILS |
| Market Size Value in 2021 | USD 10.8 Billion |
| Growth Rate | CAGR of18.3 % from2022-2029 |
| Revenue forecast in 2029 | USD 40.67 Billion |
Driving Factor:
Adoption of Artificial Intelligence in Banking Systems to Propel Growth
The Core Banking Solution Market is expected to witness prominent growth during the forecast period. Increasing adoption of cloud-based applications and banking services will drive the market growth. Also, the implementation of artificial intelligence and Big Data allows for increased connectivity and feasibility of services. Key players focus on adopting these technologies to provide high-quality visualization and resolve customer queries in real-time. These factors are expected to ensure the global core banking software market growth during the projected period.
However, information security and privacy risks may hamper the market growth during the forecast period.
This Report Answers the Following Questions:
- What are the Core Banking Software Market growth drivers, hindrances, and dynamics?
- Which Core Banking Software Market companies would lead the market by generating the largest revenue?
- How will the companies surge the processes adoption amid the COVID-19 pandemic?
- Which region and segment would dominate theCore Banking Software Market in the coming years?
Major companies in Core Banking Software Market Report are:
- Oracle Corporation (U.S.)
- SAP SE (Germany)
- Tata Consultancy Services Limited (India)
- Capital Banking Solutions (U.S.)
- EdgeVerve Systems Limited (India)
- Finastra International Limited (U.K.)
- Fidelity National Information Services, Inc. (U.S.)
- Fiserv, Inc. (U.S.)
- Mambu GmbH (Germany)
- Temenos AG (Switzerland)
Pre-Post COVID-19 Impact on Global Core Banking Software Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Core Banking Software Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Core Banking Software Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Core Banking Software Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
KEY QUESTIONS ANSWERED:
- What is the Core Banking Software Marketsize and growth rate of the global and regional market by various segments?
- What is the Core Banking Software Market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Core Banking Software Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest Core Banking Software Market share?
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Core Banking Software Market?
2) What is the market size, share?
3) Who are the top key players in the market?
4) What will be the future market of the Core Banking Software Market?
Key Offerings:
- Core Banking Software Market Size and Forecast by Revenue | 2022−2029
- Core Banking Software Market Dynamics Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape Top key vendors and other prominent vendors
Table of Contents with Major Points:
1.Executive Summary
1.1. Market Snapshot
1.2. Global and Segmental Market Estimates and Forecasts, 2018-2029 (USD Billion)
1.2.1. Core Banking Software Market, by Region, 2018-2029 (USD Billion)
1.2.2. Core Banking Software Market, by Type, 2018-2029 (USD Billion)
1.2.3. Core Banking Software Market, by Application, 2018-2029 (USD Billion)
1.2.4. Core Banking Software Market, by Verticles, 2018-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2.Global Core Banking Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition and Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
3.Global Core Banking Software Market Dynamics
3.1. Core Banking Software Market Impact Analysis (2018-2029)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
4.Global Core Banking Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2029)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation and Conclusion
5.Global Core Banking Software Market, by Type
5.1. Market Snapshot
5.2. Global Core Banking Software Market by Type, Performance Potential Analysis
5.3. Global Core Banking Software Market Estimates and Forecasts by Type 2018-2029 (USD Billion)
5.4. Core Banking Software Market, Sub Segment Analysis
6.Global Core Banking Software Market, by Application
6.1. Market Snapshot
6.2. Global Core Banking Software Market by Application, Performance Potential Analysis
6.3. Global Core Banking Software Market Estimates and Forecasts by Application 2018-2029 (USD Billion)
6.4. Core Banking Software Market, Sub Segment Analysis
6.4.1. Others
7.Global Core Banking Software Market, by Verticles
7.1. Market Snapshot
7.2. Global Core Banking Software Market by Verticles, Performance Potential Analysis
7.3. Global Core Banking Software Market Estimates and Forecasts by Verticles 2018-2029 (USD Billion)
7.4. Core Banking Software Market, Sub Segment Analysis
8.Global Core Banking Software Market, Regional Analysis
8.1. Core Banking Software Market, Regional Market Snapshot
8.2. North America Core Banking Software Market
8.3. Europe Core Banking Software Market Snapshot
8.4. Asia-Pacific Core Banking Software Market Snapshot
8.5. Latin America Core Banking Software Market Snapshot
8.6. Rest of The World Core Banking Software Market
9.Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. Key InDurationation
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
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To view the original version on The Express Wire visit Core Banking Software Market Projected to Surpass US $ 34.48 Billion During the 2022-2029 Forecast Timeframe | Fortune Business Insights
