Global Third-party Banking Software Market 2024-2028

Global Third-party Banking Software Market 2024-2028

The third-party banking software market is forecasted to grow by USD 12.31 bn during 2023-2028, accelerating at a CAGR of 7.55% during the forecast period. The report on the third-party banking software 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 growing use of digital payment solutions, increased need for greater customer satisfaction, and need for enhanced efficiency in banking operations.

Technavio's third-party banking software market is segmented as below:

By Type

Core banking software

Omnichannel banking software

Business intelligence software

Wealth management software

By Deployment

On-premises

Cloud

By Geography

North America

Europe

APAC

South America

Middle East and Africa

This study identifies the incorporation of analytics into third-party banking software as one of the prime reasons driving the third-party banking software market growth during the next few years. Also, rising adoption of customer-centric banking experiences and growing number of digital wallets will lead to sizable demand in the market.

The report on the third-party banking software market covers the following areas:

Third-party banking software market sizing

Third-party banking software market forecast

Third-party banking software 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 third-party banking software market vendors that include AAZZUR Ltd., American Express Co., ATOM FINANCE INC., Avaloq Group Ltd., Backbase B.V., Banco Bilbao Vizcaya Argentaria SA, Bank of America Corp., Capgemini Service SAS, Capital Banking Solutions, Fidelity National Information Services Inc., Finastra, Fiserv Inc., HCL Technologies Ltd., Infosys Ltd., Intellect Design Arena Ltd., InvestCloud Inc., JPMorgan Chase and Co., Mambu B.V., MicroStrategy Inc., Oracle Corp., Q2 Holdings Inc., Quinenco S.A., SAP SE, SoFi Technologies Inc., Sopra Steria Group SA, Tata Consultancy Services Ltd., Temenos AG, The Goldman Sachs Group Inc., Unisys Corp., Virtusa Corp., Wipro Ltd., ZKAPITOL Technologies Ltd., and Nucleus Software Exports Ltd.. Also, the third-party banking software 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.