Market Overview:
The global core banking software market is expected to exhibit a CAGR of
7.78% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors . These insights are included in the report as a major market contributor.
Core banking software helps in processing day-to-day banking transactions, such as posting updates to accounts. It also assists in servicing loans, calculating interests, floating new accounts, processing deposits and withdrawals, and managing customer relationships. In addition to this, it reduces operational costs, minimizes human errors, facilitates the decision-making process, ensures lesser workforce requirements for execution, and enables greater accountability of the customers. As a result, there is a considerable increase in the demand for core banking software across the globe.
A significant rise in the market growth can be attributed to the advantages offered by core banking software, such as process standardization, transaction accuracy, improved management of documentation and records, and ease in the submission of regulatory reports. It also aids customers in opening accounts, calculating interest, completing quick routine transactions of cash deposits and withdrawals, and offering banking services anywhere. Besides this, the growing shift toward online banking solutions represents another major factor contributing to the market growth. Additionally, as it helps receive e-payments instantly and transfer funds remotely, the demand for core banking software is escalating worldwide. Apart from this, the leading service providers are leveraging big data, artificial intelligence (AI), and software as a service (SaaS) technology to offer unique banking solutions and accelerate digital transformation. This is anticipated to expand the application of core banking software to provide advanced security methods, real-time insights, and a better consumer experience.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global core banking software market, along with forecasts at the global, regional and country level from 2022-2027. Our 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:
Breakup by End Use:
- Banks
- Financial Institutions
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Unisys Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Solution, Service, Deployment, End Use, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 and Unisys Corporation |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global core banking software market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global core banking software market?
- What are the key regional markets?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the deployment?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global core banking software market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Core Banking Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Solution
6.1 Deposits
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Loans
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Enterprise Customer Solutions
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Service
7.1 Professional Service
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Managed Service
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Deployment
8.1 Cloud-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-premise
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use
9.1 Banks
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Financial Institutions
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Capgemini
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Fidelity Information Services Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Finastra
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Fiserv Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 HCL Technologies Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Infosys Limited
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Jack Henry & Associates Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Oracle Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 SAP SE
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Tata Consultancy Services Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Temenos AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Unisys Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Core Banking Software Market: Major Drivers and Challenges
Figure 2: Global: Core Banking Software Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Core Banking Software Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Core Banking Software Market: Breakup by Solution (in %), 2021
Figure 5: Global: Core Banking Software Market: Breakup by Service (in %), 2021
Figure 6: Global: Core Banking Software Market: Breakup by Deployment (in %), 2021
Figure 7: Global: Core Banking Software Market: Breakup by End Use (in %), 2021
Figure 8: Global: Core Banking Software Market: Breakup by Region (in %), 2021
Figure 9: Global: Core Banking Software (Deposits) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Core Banking Software (Deposits) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Core Banking Software (Loans) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Core Banking Software (Loans) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Core Banking Software (Enterprise Customer Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Core Banking Software (Enterprise Customer Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Core Banking Software (Other Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Core Banking Software (Other Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Core Banking Software (Professional Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Core Banking Software (Professional Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Core Banking Software (Managed Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Core Banking Software (Managed Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Core Banking Software (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Core Banking Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Core Banking Software (On-premise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Core Banking Software (On-premise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Core Banking Software (Banks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Core Banking Software (Banks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Core Banking Software (Financial Institutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Core Banking Software (Financial Institutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Core Banking Software (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Core Banking Software (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Core Banking Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Core Banking Software Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Core Banking Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Core Banking Software Industry: SWOT Analysis
Figure 81: Global: Core Banking Software Industry: Value Chain Analysis
Figure 82: Global: Core Banking Software Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Core Banking Software Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Core Banking Software Market Forecast: Breakup by Solution (in Million US$), 2022-2027
Table 3: Global: Core Banking Software Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 4: Global: Core Banking Software Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 5: Global: Core Banking Software Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 6: Global: Core Banking Software Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Core Banking Software Market: Competitive Structure
Table 8: Global: Core Banking Software Market: Key Players