UAE Core Banking Solutions Market Report 2021-2027 - Growth in Mergers & Acquisitions Among Banks & Financial Institutions - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "UAE Core Banking Solutions Market by Component, Deployment Model, Enterprise Size, Solution Type and End User: Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Core banking solutions (CBS) enables execution of routine transactions such as withdrawal, passbooks, cash deposits, statements of accounts, and demand drafts. In addition, it largely engages in networking of branches & allows customers to avail banking services & operate their accounts from any branch of the bank on a single platform, provided by CBS network.

Moreover, core banking solutions help to meet dynamically changing market & customer needs, improve & simplify banking processes, speed up banking transactions, and expand presence in rural & remote areas. Furthermore, core banking solutions rely on computer & internet technology to deliver streamlined banking service experience to customers.

Surge in adoption of technologies such as application programming interfaces (APIs), data analytics, artificial intelligence, cloud computing, and robotic process automation (RPA) to modernize banking functionality and provide real-time banking services. These factors, as a result drive the core banking solutions market growth.

Moreover, rapid change in consumer behavior & preferences toward availing banking products & services has led banks to enhance their existing product lines by implementing core banking solutions to provide cost-effective & efficient banking services in the country. However, lack of awareness toward core banking solutions and high technology maintenance cost are some of the factors that hamper the market growth.

On the contrary, surge in mergers & acquisitions among banks & financial institutions, which are adopting new approaches for on-going business operations rather than rebuilding from scratch, are expected to enhance automated banking services on a single platform in the country. Banks & financial institutions require modernization of core banking systems and such mergers & acquisitions further propel adoption of these systems.

The report analyses the profiles of key players operating in the market include Capital Banking Solutions, EdgeVerve Systems Limited, Finastra, Fiserv, Inc., NCR Corporation, Oracle, SAP SE, SDK.finance, Tata Consultancy Services Limited, and Temenos Headquarters SA.

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Executive Summary

2.1. Key Findings

2.2. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition and Scope

3.2. Key Forces Shaping UAE Core Banking Solutions Market

3.3. Market Dynamics

3.3.1. Drivers

3.3.1.1. Surge in Adoption of Core Banking Technology

3.3.1.2. Increase in Need to Provide Better Customer Services

3.3.1.3. Numerous Benefits Provided by Core Banking Solutions

3.3.2. Restraints

3.3.2.1. Lack of Awareness Regarding Core Banking Solutions

3.3.2.2. High Maintenance Cost & Shortage of Skilled Workforce

3.3.3. Opportunities

3.3.3.1. Growth in Mergers & Acquisitions Among Banks & Financial Institutions

3.3.3.2. Rapid Growth in Technological Advancements

3.4. COVID-19 Impact Analysis on UAE Core Banking Solutions Market

3.4.1. Impact on UAE Core Banking Solutions Market Size

3.4.2. Change in Consumer Trends, Preferences, and Budget Impact due to COVID-19

3.4.3. Framework for Solving Market Challenges Faced by Core Banking Solutions Providers in the Country

3.4.4. Economic Impact on Core Banking Solution Providers in UAE

3.4.5. Key Player Strategies to Tackle Negative Impact on the Industry

3.4.6. Opportunity Analysis for Core Banking Solutions Providers in the Country

Chapter 4: UAE Core Banking Solutions Market, by Component

4.1. Overview

4.2. Software

4.3. Service

4.3.1. Key Market Trends, Growth Factors, and Opportunities

4.3.2. Market Size and Forecast

Chapter 5: UAE Core Banking Solutions Market, by Deployment Model

5.1. Overview

5.2. On-Premise

5.3. Cloud

Chapter 6: UAE Core Banking Solutions Market, by Enterprise Size

6.1. Overview

6.2. Large Enterprises

6.3. Small & Medium Enterprises (Smes)

Chapter 7: UAE Core Banking Solutions Market, by Solution Type

7.1. Overview

7.2. Enterprise Customer Solutions

7.3. Loans

7.4. Deposits

Chapter 8: UAE Core Banking Solutions Market, by End-user

8.1. Overview

8.2. Banks

8.3. Credit Unions & Community Banks

Chapter 9: Competitive Landscape

9.1. Introduction

9.1.1. Market Player Positioning, 2019

9.1.2. Top Winning Strategies

Chapter 10: Company Profiles

• Capital Banking Solutions
• EdgeVerve Systems Limited
• Finastra
• Fiserv, Inc.
• NCR Corporation
• Oracle
• SAP SE
• SDK.finance
• Tata Consultancy Services Limited
• Temenos Headquarters SA

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