Global Core Banking Solutions Market 2024-2028
The core banking solutions market is forecasted to grow by USD 18478.38 mn during 2023-2028, accelerating at a CAGR of 16.82% during the forecast period. The report on the core banking solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advancements in core banking solutions, rising need for scalability, and growing digital transformation.
Technavio's core banking solutions market is segmented as below:
By Deployment
By End-user
- Large enterprises
- Small
- medium enterprises
By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the adoption of AI and ML to improve customer experience as one of the prime reasons driving the core banking solutions market growth during the next few years. Also, increasing adoption of smartphones and emergence of ai-driven chatbots will lead to sizable demand in the market.
The report on the core banking solutions market covers the following areas:
- Core banking solutions market sizing
- Core banking solutions market forecast
- Core banking solutions market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading core banking solutions market vendors that include Capgemini Service SAS, Capital Banking Solutions, Computer Services Inc., Fidelity National Information Services Inc., Finacus Solutions Pvt. Ltd., Fiserv Inc., HCL Technologies Ltd., Infosys Ltd., Jack Henry and Associates Inc., NCR Corp., Oracle Corp., SAP SE, Tata Sons Pvt. Ltd., Temenos AG, Trust Systems and Software Pvt. Ltd., Unisys Corp., Virmati Infotech Pvt. Ltd., Vista Equity Partners Management LLC, Websoftex Software Solutions Pvt. Ltd., and Zenith Software Ltd.. Also, the core banking solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.