Third-party Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Third-party Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global third-party banking software market grew at a CAGR of around 7% during 2014-2019

The third-party banking software refers to a multi-channel application that performs numerous core banking functions, private wealth management and business intelligence. It is an integrated and customized software solution that outsources and provides end-to-end omnichannel management of banking operations.

It is primarily used by commercial, retail and trading banks for improving their interbank network and streamlining their operations. The software aids in minimizing losses due to human errors, maintaining flexibility in operations, improving customer experience and enabling banks to have a competitive edge over other financial institutions.

Significant growth in the banking, financial services and insurance (BFSI) industry is one of the key factors driving the growth of the market. Furthermore, the integration of various cloud-computing applications with banking software is also providing a boost to the market growth. In comparison to the traditionally used manual methods, there is an increasing preference for computerized accounting for bookkeeping and monetary transactions.

In line with this, consumers are also more inclined toward accessing their account details and performing financial transactions using their smartphones, laptop and tablets. Additionally, technological advancements, such as the incorporation of big data analytics in third-party banking software, is creating a positive impact on the market.

These analytical tools aid in processing large amounts of data and making efficient business decisions to increase profitability and identify market trends, thus enabling access to valuable insights for effective decision-making. Other factors, including the emerging trend of customer-centric core banking and the growing demand for standardized processes in the banking sector, are projected to drive the market further. Looking forward, the publisher expects the market to grow moderately during the next five years.

The competitive landscape of the industry has also been examined with some of the key players being Accenture, Capgemini, Deltek, IBM, Infosys, Microsoft Corporation, NetSuite Inc., Oracle Corporation, SAP, Tata Consultancy Services, etc.

Key Questions Answered in this Report:

• How has the global third-party banking software market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the deployment type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end-user?
• 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 third-party banking software market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Third-party Banking Software Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Forecast

6 Market Breakup by Product

6.1 Core Banking Software

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Multi-Channel Banking Software

6.3 Business Intelligence Software

6.4 Others

7 Market Breakup by Deployment Type

7.1 On-premises

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Cloud-based

8 Market Breakup by Application

8.1 Risk Management

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Information Security

8.3 Business Intelligence

8.4 Others

9 Market Breakup by End-User

9.1 Commercial Banks

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Retail and Trading Banks

10 Market Breakup by Region

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 Indicators

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

• Accenture
• Capgemini
• Deltek
• IBM
• Infosys
• Microsoft Corporation
• NetSuite Inc.
• Oracle Corporation
• SAP
• Tata Consultancy Services

For more information about this report visit https://www.researchandmarkets.com/r/i08mzn