Global US $ 34.48 Bn Core Banking Software Market Outlook to 2029

The global Core Banking Software Market Size is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled "Core Banking Software Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period [2022 - 2029].

  • Fortune Business Insights says that the market value stood at US $ 10.8 Billion in 2021
  • By 2029, the Core Banking Software Market size is expected to reach US $ 34.48 Billion
  • The market is expected to grow at a CAGR of 18.3% in the forecast period (2022-2029).
  • The growth rate of the Global Core Banking Software Market is 18.3%, with an estimated value of US $ 34.48 Billion million by 2029.

Driving Factor:

Adoption of Artificial Intelligence in Banking Systems to Propel Growth

The Core Banking Solution Market is expected to witness prominent growth during the forecast period. Increasing adoption of cloud-based applications and banking services will drive the market growth. Also, the implementation of artificial intelligence and Big Data allows for increased connectivity and feasibility of services. Key players focus on adopting these technologies to provide high-quality visualization and resolve customer queries in real-time. These factors are expected to ensure the global core banking software market growth during the projected period.

However, information security and privacy risks may hamper the market growth during the forecast period.

Major companies in Core Banking Software Market Report are:

  • Oracle Corporation (U.S.)
  • SAP SE (Germany)
  • Tata Consultancy Services Limited (India)
  • Capital Banking Solutions (U.S.)
  • EdgeVerve Systems Limited (India)
  • Finastra International Limited (U.K.)
  • Fidelity National Information Services, Inc. (U.S.)
  • Fiserv, Inc. (U.S.)
  • Mambu GmbH (Germany)
  • Temenos AG (Switzerland)

Pre-Post COVID-19 Impact on Global Core Banking Software Market

COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. 

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Core Banking Software Market, since end-user industries were still not operating at their full capacity.

Secondary Research:

This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Core Banking Software Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Core Banking Software Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.

FAQ's:

1. How big is Core Banking Software Market?

The global core banking software market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.3% during the forecast period, to Reach USD 40.67 Billion by 2029, from USD 10.8 Billion in 2021

2. Who is the market leader in Core Banking Software?

 Oracle Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India), Capital Banking Solutions (U.S.), EdgeVerve Systems Limited (India), Finastra International Limited (U.K.), Fidelity National Information Services, Inc. (U.S.), Fiserv, Inc. (U.S.), Mambu GmbH (Germany), Temenos AG (Switzerland)
 
3. Which region is expected to hold the highest market share?
 
Europe is expected to hold the highest market share.

Major Points in Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
  • Global Market Share Analysis and Matrix, 2020
  • Key Market Insights and Strategic Recommendations
  • Profiles of Key Players
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Core Banking Software Market Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029

TOC Continued...!

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

Email: sales@fortunebusinessinsights.com

Phone: US:+1 424 253 0390, UK: +44 2071 939123, APAC: +91 744 740 1245

Comments

Popular posts from this blog

Global US $ 5994.8 Mn Remote Desktop Software Market Outlook to 2029

Global US $ 376.32 Bn Cybersecurity Market Outlook to 2029

AI Chipsets Market Size [2022-2029] Industry Trends, Share, Growth, SWOT Analysis, Market Drivers