It is quite challenging for banks in emerging economies to establish a physical presence to cater to the immense needs of an underserved populations in rural areas. Branch less banking offers a good solution to this predicament and banks have invested in mobile banking, net banking, and email banking to be available to any customers with the tap of a button.
Banks are now able to tap customers in far-flung rural areas and thereby increase banking frequency. There is a strong likelihood of some customers avoiding the use of banks because of the difficulties faced in terms of travel and time with branch based transactions. Therefore, banks are providing their customers ample choice and easy access via smartphones and companies involved in the core banking solutions market should take this into account.
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Banks have a commanding position in the core banking solutions market and are poised to gain massive BPS over the course of the forecast period. The banks segment is expected to have a value of just under US$ 7.6 billion in 2017 and exhibit the highest market attractiveness of 5.0 for the period from 2017 to 2027.
The financial institution segment is roughly half the size of banks in the core banking solutions market. Nonetheless, a CAGR of 4.6% from 2017 to 2027 makes it unwise to ignore financial institutions entirely in the core banking solutions market.
Nowadays, banks have begun to prioritize customer behavioural analysis through big data. This is one of the biggest trends in the core banking solutions market and customer data analytics is essentially studying the customer’s data provided to the respective bank.
Customer data analytics functions as the base for modifying the core banking solution to cater to changing customer requirements. Key stakeholders in the core banking solutions market are trying to develop new and innovative technologies that increase their customer base while entrenching loyalty amongst the current ones, primarily by way of exhaustive consumer analytics.
Principal Consultant
As a result of cutthroat competition in the banking sector, retail banks now face the challenge of customer retention and core banking solutions are the link between banks and their customers in ensuring this is addressed. Core banking solutions allow banks to perform an effective customer analysis while simultaneously enabling customers to carry out their usual banking transactions. Customer satisfaction is improved with the core banking solutions and the latter go a long way in reducing customer effort.
North America and Europe have a robust financial infrastructure in place with New York and London being the global capitals of financial transactions. The Western Europe banks segment is anticipated to have a value of almost US$ 3 billion by end 2027 that should make it roughly twice the size of financial institutions at that time. A similar potential exists in the North America banks segment as is it predicted to push past US$ 3.1 billion in end 2027.
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The core banking solution market is likely to secure a CAGR of 4.9% through 2032.
The core banking solution market size is likely to cross US$ 14.84 by 2032.
The core banking solution market is likely to record a value of US$ 9.65 Bn in 2022.
North America and Europe are the leading regions in the core banking solution market.
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Market Overview
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Technological Trends
3.4. Key Standards
4. Global Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Introduction
4.2. Market Size and Y-o-Y Growth
4.3. Absolute $ Opportunity
5. North America Market Analysis 2012–2016 and Forecast 2017–2027
5.1. Introduction
5.2. Regional Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Trends
5.3. Market Size (US$ Mn) By Country, 2012-2016
5.3.1. U.S.
5.3.2. Canada
5.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
5.4.1. U.S.
5.4.2. Canada
5.5. Market Size (US$ Mn) and Forecast By Component
5.5.1. Software
5.5.2. Services
5.6. Market Size (US$ Mn) and Forecast By End User
5.6.1. Banks
5.6.2. Financial Institution
5.6.3. Others
5.7. Market Attractiveness Analysis
5.7.1. By Country
5.7.2. By Component
5.7.3. By End User
5.8. Market Presence (Intensity Map)
6. Western Europe Market Analysis 2012–2016 and Forecast 2017–2027
6.1. Introduction
6.2. Regional Market Dynamics
6.2.1. Drivers
6.2.2. Restraints
6.2.3. Trends
6.3. Market Size (US$ Mn) By Country, 2012-2016
6.3.1. Germany
6.3.2. France
6.3.3. U.K.
6.3.4. Spain
6.3.5. Italy
6.3.6. BENELUX
6.3.7. Nordic
6.3.8. Rest of Western Europe
6.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
6.4.1. Germany
6.4.2. France
6.4.3. U.K.
6.4.4. Spain
6.4.5. Italy
6.4.6. BENELUX
6.4.7. Nordic
6.4.8. Rest of Western Europe
6.5. Market Size (US$ Mn) and Forecast By Component
6.5.1. Software
6.5.2. Services
6.6. Market Size (US$ Mn) and Forecast By End User
6.6.1. Banks
6.6.2. Financial Institution
6.6.3. Others
6.7. Market Attractiveness Analysis
6.7.1. By Country
6.7.2. By Component
6.7.3. By End User
6.8. Market Presence (Intensity Map)
7. Eastern Europe Market Analysis 2012–2016 and Forecast 2017–2027
7.1. Introduction
7.2. Regional Market Dynamics
7.2.1. Drivers
7.2.2. Restraints
7.2.3. Trends
7.3. Market Size (US$ Mn) By Country, 2012-2016
7.3.1. Russia
7.3.2. Poland
7.3.3. Rest of Eastern Europe
7.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
7.4.1. Russia
7.4.2. Poland
7.4.3. Rest of Eastern Europe
7.5. Market Size (US$ Mn) and Forecast By Component
7.5.1. Software
7.5.2. Services
7.6. Market Size (US$ Mn) and Forecast By End User
7.6.1. Banks
7.6.2. Financial Institution
7.6.3. Others
7.7. Market Attractiveness Analysis
7.7.1. By Country
7.7.2. By Component
7.7.3. By End User
7.8. Market Presence (Intensity Map)
8. Latin America Market Analysis 2012–2016 and Forecast 2017–2027
8.1. Introduction
8.2. Regional Market Dynamics
8.2.1. Drivers
8.2.2. Restraints
8.2.3. Trends
8.3. Market Size (US$ Mn) By Country, 2012-2016
8.3.1. Brazil
8.3.2. Mexico
8.3.3. Rest of Latin America
8.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
8.4.1. Brazil
8.4.2. Mexico
8.4.3. Rest of Latin America
8.5. Market Size (US$ Mn) and Forecast By Component
8.5.1. Software
8.5.2. Services
8.6. Market Size (US$ Mn) and Forecast By End User
8.6.1. Banks
8.6.2. Financial Institution
8.6.3. Others
8.7. Market Attractiveness Analysis
8.7.1. By Country
8.7.2. By Component
8.7.3. By End User
8.8. Market Presence (Intensity Map)
9. Asia Pacific Excluding Japan (APEJ) Market Analysis 2012–2016 and Forecast 2017–2027
9.1. Introduction
9.2. Regional Market Dynamics
9.2.1. Drivers
9.2.2. Restraints
9.2.3. Trends
9.3. Market Size (US$ Mn) By Country, 2012-2016
9.3.1. China
9.3.2. India
9.3.3. Australia and New Zealand
9.3.4. ASEAN
9.3.5. Rest of APEJ
9.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
9.4.1. China
9.4.2. India
9.4.3. Australia and New Zealand
9.4.4. ASEAN
9.4.5. Rest of APEJ
9.5. Market Size (US$ Mn) and Forecast By Component
9.5.1. Software
9.5.2. Services
9.6. Market Size (US$ Mn) and Forecast By End User
9.6.1. Banks
9.6.2. Financial Institution
9.6.3. Others
9.7. Market Attractiveness Analysis
9.7.1. By Country
9.7.2. By Component
9.7.3. By End User
9.8. Market Presence (Intensity Map)
10. Japan Market Analysis 2012–2016 and Forecast 2017–2027
10.1. Introduction
10.2. Regional Market Dynamics
10.2.1. Drivers
10.2.2. Restraints
10.2.3. Trends
10.3. Market Size (US$ Mn) and Forecast By Component
10.3.1. Software
10.3.2. Services
10.4. Market Size (US$ Mn) and Forecast By End User
10.4.1. Banks
10.4.2. Financial Institution
10.4.3. Others
10.5. Market Attractiveness Analysis
10.5.1. By Component
10.5.2. By End User
10.6. Market Presence (Intensity Map)
11. Middle East and Africa Market Analysis 2012–2016 and Forecast 2017–2027
11.1. Introduction
11.2. Regional Market Dynamics
11.2.1. Drivers
11.2.2. Restraints
11.2.3. Trends
11.3. Market Size (US$ Mn) By Country, 2012-2016
11.3.1. GCC Countries
11.3.2. Turkey
11.3.3. Northern Africa
11.3.4. South Africa
11.3.5. Rest of MEA
11.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
11.4.1. GCC Countries
11.4.2. Turkey
11.4.3. Northern Africa
11.4.4. South Africa
11.4.5. Rest of MEA
11.5. Market Size (US$ Mn) and Forecast By Component
11.5.1. Software
11.5.2. Services
11.6. Market Size (US$ Mn) and Forecast By End User
11.6.1. Banks
11.6.2. Financial Institution
11.6.3. Others
11.7. Market Attractiveness Analysis
11.7.1. By Country
11.7.2. By Component
11.7.3. By End User
11.8. Market Presence (Intensity Map)
12. Forecast Factors: Relevance and Impact
13. Forecast Assumptions
14. Competition Landscape
14.1. Market Structure
14.2. Market Share Analysis
14.3. Competition Intensity Mapping By Market Taxonomy
14.4. Competition Dashboard
14.5. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
14.5.1. SAP SE
14.5.2. Oracle Corporation
14.5.3. Infosys Limited
14.5.4. FIS (Fidelity Information Services)
14.5.5. Tata Consultancy Services Private Limited
14.5.6. Misys
14.5.7. HCL Technologies Limited
14.5.8. Temenos Group AG
14.5.9. Capgemini
14.5.10. Infrasoft Technologies Ltd.
14.5.11. Company Snapshot
14.5.11.1. IBM Corporation
14.5.11.2. Nelito Systems Ltd.
14.5.11.3. Infrasoft Technologies Ltd.
14.5.11.4. COBISCORP
14.5.11.5. Wipro Limited
15. Global Market Analysis 2012–2016 and Forecast 2017–2027
15.1. Introduction / Key Findings
15.2. Market Size (US$ Mn) and Forecast By Region
15.2.1. North America
15.2.2. Western Europe
15.2.3. Eastern Europe
15.2.4. Latin America
15.2.5. Asia Pacific Excluding Japan
15.2.6. Japan
15.2.7. Middle East and Africa
15.3. Market Attractiveness Analysis By Region
16. Global Market Analysis 2012–2016 and Forecast 2017–2027, By Component
16.1. Introduction
16.2. Market Size (US$ Mn) and Forecast By Type
16.2.1. Software
16.2.2. Service
16.3. Market Attractiveness Analysis By Component
17. Global Market Analysis 2012–2016 and Forecast 2017–2027, By End User
17.1. Introduction / Key Findings
17.2. Market Size (US$ Mn) and Forecast By Application
17.2.1. Banks
17.2.2. Financial Institution
17.2.3. Others
17.3. Market Attractiveness Analysis By Application
18. Research Methodology
19. Assumption and Acronyms
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Core Banking Solution Market
