Core Banking Software Market

Market Overview:

The global core banking software market exhibited strong growth during 2015-2020. 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. Looking forward, IMARC Group expects the global core banking software market to grow at a CAGR of around 9% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global core banking software market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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-premise
   

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
   

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.

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-premises
        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$), 2015-2020
Figure 3: Global: Core Banking Software Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Core Banking Software Market: Breakup by Solution (in %), 2020
Figure 5: Global: Core Banking Software Market: Breakup by Service (in %), 2020
Figure 6: Global: Core Banking Software Market: Breakup by Deployment (in %), 2020
Figure 7: Global: Core Banking Software Market: Breakup by End Use (in %), 2020
Figure 8: Global: Core Banking Software Market: Breakup by Region (in %), 2020
Figure 9: Global: Core Banking Software (Deposits) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Core Banking Software (Deposits) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Core Banking Software (Loans) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Core Banking Software (Loans) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Core Banking Software (Enterprise Customer Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Core Banking Software (Enterprise Customer Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Core Banking Software (Other Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Core Banking Software (Other Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Core Banking Software (Professional Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Core Banking Software (Professional Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Core Banking Software (Managed Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Core Banking Software (Managed Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Core Banking Software (Cloud-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Core Banking Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Core Banking Software (On-premise) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Core Banking Software (On-premise) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Core Banking Software (Banks) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Core Banking Software (Banks) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Core Banking Software (Financial Institutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Core Banking Software (Financial Institutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Core Banking Software (Other End Uses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Core Banking Software (Other End Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Canada: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia-Pacific: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Asia-Pacific: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: China: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Germany: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Latin America: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Brazil: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Core Banking Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Core Banking Software Market: Breakup by Country (in %), 2020
Figure 79: Middle East and Africa: Core Banking Software Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Core Banking Software Market Forecast: Breakup by Solution (in Million US$), 2021-2026
Table 3: Global: Core Banking Software Market Forecast: Breakup by Service (in Million US$), 2021-2026
Table 4: Global: Core Banking Software Market Forecast: Breakup by Deployment (in Million US$), 2021-2026
Table 5: Global: Core Banking Software Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 6: Global: Core Banking Software Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Core Banking Software Market: Competitive Structure
Table 8: Global: Core Banking Software Market: Key Players