Global Third-Party Banking Software Market Growth (Status and Outlook) 2023-2029

Global Third-Party Banking Software Market Growth (Status and Outlook) 2023-2029

A third-party banking software is an outsourced, customized, and integrated software solution for banking organizations. This software provides end-to end and omni-channel management of banking operations. The goal of deploying this software is the efficient streamlining of processes and meeting the evolving modern end-customers' expectations.

LPI (LP Information)' newest research report, the “Third-Party Banking Software Industry Forecast” looks at past sales and reviews total world Third-Party Banking Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Third-Party Banking Software sales for 2023 through 2029. With Third-Party Banking Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Third-Party Banking Software industry.

This Insight Report provides a comprehensive analysis of the global Third-Party Banking Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Third-Party Banking Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Third-Party Banking Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Third-Party Banking Software and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Third-Party Banking Software.

The global Third-Party Banking Software market size is projected to grow from US$ 8944.6 million in 2022 to US$ 16430 million in 2029; it is expected to grow at a CAGR of 9.1% from 2023 to 2029.

Global third-party banking software market is driven by growing necessity to increase productivity and operational efficiency of banking industry. In addition, growing demand for standardized activities in the banking sector and increased adoption of customer-centric core banking propels the growth of the market. However, concerns regarding information security and high costs of moving from legacy systems to the new automated systems limits the growth of this market. Furthermore, increasing implementation of online banking and mobile banking by customers which shows high level of inclination towards accessing their account details and perform financial actions by using their laptops, smartphones, tablets and emerging trends such as patch management is expected to provide numerous opportunities for this market to grow.

This report presents a comprehensive overview, market shares, and growth opportunities of Third-Party Banking Software market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Core Banking Software
Multi-Channel Banking Software
BI Software
Private Wealth Management Software

Segmentation by application
Risk Management
Information Security
Business Intelligence
Training and Consulting Solutions

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Microsoft Corporation
IBM Corporation
Oracle Corporation
SAP
Tata Consultancy Services Limited
Infosys Limited
Capgemini
Accenture
NetSuite
Deltek

Please note: The report will take approximately 2 business days to prepare and deliver.