LONDON--(BUSINESS WIRE)--The third-party banking software market is expected to grow by USD 3.04 billion, accelerating at a CAGR of over 8% during the forecast period. Download Free Sample Report
The growing use of digital payment solutions is one of the major factors propelling market growth. However, factors such as the issues related to data privacy and security will hamper market growth.
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Global Third-Party Banking Software Market: Application Landscape
The core banking software segment consists of software related to core banking processes such as loan, credit, deposit, and funds transfer, and includes software that facilitates multichannel access via ATM, internet banking, or phone banking. The market for core banking software is expected to grow due to an increase in the penetration of retail banking. Market growth in this segment will be slower than the growth of the market in the asset and wealth management software and other banking software segments.
Global Third-Party Banking Software Market: Geographic Landscape
Europe was the largest third-party banking software market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growth in the banking industry will significantly influence third-party banking software market growth in this region. Almost 33% of the market’s growth will originate from Europe during the forecast period. The UK and Germany are the key markets for third-party banking software in Europe. Market growth in this region will be faster than the growth of the market in North America.
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Companies Covered
- Accenture Plc
- Capgemini SE
- Fidelity National Information Services Inc.
- Fiserv Inc.
- Infosys Ltd.
- International Business Machines Corp.
- Oracle Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Temenos Headquarters SA
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Core banking software - Market size and forecast 2019-2024
- Asset and wealth management software - Market size and forecast 2019-2024
- Other banking software - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Retail users - Market size and forecast 2019-2024
- Corporate users - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment placement
- On-premises - Market size and forecast 2019-2024
- Cloud-based - Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer Landscape
- Overview
- Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Accenture Plc
- Capgemini SE
- Fidelity National Information Services Inc.
- Fiserv Inc.
- Infosys Ltd.
- International Business Machines Corp.
- Oracle Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Temenos Headquarters SA
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
