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Report
Global Core Banking Solutions Market - Industry Trends and Forecast to 2031
Market Report I 2023-12-01 I 489 Pages I Data Bridge Market Research
Global core banking solutions market is expected to reach USD 33,432.63 million by 2031 from USD 15,110.90 million in 2023, growing at a CAGR of 10.6% during the forecast period of 2024 to 2031.
Market Segmentation
Global Core Banking Solutions Market, By Type (Enterprise Customer Solutions, Deposits, Loans, Mortgages, Transfer, Payments and Withdrawal, Currency Exchange, and Others), Offering (Solution and Services), Deployment Mode (Cloud and On Premises), Enterprise size (Large Enterprises and Small and Medium Enterprises (SMEs)), Channel (ATMs, Internet Banking, Mobile Banking, Bank Branches, and Others), Function (Account Management, Transaction Processing, Risk Management, Customer Relationship Management, Reporting and Analytics, Product Management, Loan Management, Compliance Management, and Others), End User (Banks, Credit Unions and Community Banks, and Other Financial Institutions), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Switzerland, Spain, Russia, Turkey, Belgium, Netherlands and Rest of Europe, China, India, South Korea, Japan, Thailand, Australia, Singapore, Indonesia, Malaysia, Philippines and Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel and Rest of Middle East and Africa) - Industry Trends and Forecast to 2031
Overview of Global Core Banking Solutions Market Dynamics
Driver
- Increasing integration with emerging technologies
Restrain
- Data security and safety concerns
Opportunity
- Expansion of fintech ecosystem
Market Players
Some of the key players operating in the global core banking solutions market are:
- FIS
- Bricknode
- Jayam solutions
- Forbis
- NCR VYOIX Corporation
- HCL Technologies Limited
- Unisys
- Infosys Limited
- TATA Consultancy Services Limited
- Jack Henry & Associates, Inc.
- SAP
- Oracle
- Capgemini
- nCino
- Finastra
- Fiserv Inc.
- Nelito Systems Pvt. Ltd
- Mambu
- Chetu Inc.
- Backbase
- Capital Banking Solutions
- IBM
TABLE OF CONTENTS
1 INTRODUCTION 51
1.1 OBJECTIVES OF THE STUDY 51
1.2 MARKET DEFINITION 51
1.3 OVERVIEW OF THE GLOBAL CORE BANKING SOLUTIONS MARKET 51
1.4 CURRENCY AND PRICING 52
1.5 LIMITATIONS 53
1.6 MARKETS COVERED 53
2 MARKET SEGMENTATION 56
2.1 MARKETS COVERED 56
2.2 GEOGRAPHICAL SCOPE 57
2.3 YEARS CONSIDERED FOR THE STUDY 58
2.4 DBMR TRIPOD DATA VALIDATION MODEL 59
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 62
2.6 DBMR MARKET POSITION GRID 63
2.7 MULTIVARIATE MODELLING 64
2.8 TYPE LIFELINE CURVE 64
2.9 MARKET END USER COVERAGE GRID 65
2.10 SECONDARY SOURCES 66
2.11 ASSUMPTIONS 66
3 EXECUTIVE SUMMARY 67
4 PREMIUM INSIGHTS 71
4.1 COMPANY COMPARATIVE ANAYSIS 73
4.2 TRADITIONAL/LEGACY VS CONTEMPORARY/NEXT-GENERATION SOLUTION 77
4.3 FACTORS AFFECTING BUYING DECISION 79
4.4 PORTER'S MODEL 81
5 MARKET OVERVIEW 82
5.1 DRIVERS 84
5.1.1 INCREASING DEMAND AND ADOPTION OF CORE BANKING SOLUTIONS 84
5.1.2 INCREASING DEMAND FOR CUSTOMER CENTRIC SOLUTIONS 85
5.1.3 INCREASING INTEGRATION WITH EMERGING TECHNOLOGIES 85
5.2 RESTRAINTS 86
5.2.1 ADHERENCE TO STRICT REGULATORY GUIDELINES 86
5.2.2 DATA SECURITY AND SAFETY CONCERNS 87
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5.3 OPPORTUNITIES 87
5.3.1 RISING DEMAND FOR DIGITAL TRANSFORMATION 87
5.3.2 EXPANSION OF FINTECH ECOSYSTEM 88
5.4 CHALLENGE 88
5.4.1 CUSTOMER RESISTANCE TO CHANGE 88
6 GLOBAL CORE BANKING SOLUTIONS MARKET, BY TYPE 90
6.1 OVERVIEW 91
6.2 ENTERPRISE CUSTOMER SOLUTIONS 94
6.3 PAYMENT AND WITHDRAWAL 95
6.3.1 NEOBANKS 95
6.3.2 ONLINE PAYMENTS 95
6.3.3 E-WALLET 96
6.3.4 IN-STORE PAYMENTS 96
6.4 TRANSFER 96
6.5 MORTGAGES 96
6.6 LOANS 97
6.7 DEPOSITS 97
6.8 CURRENCY EXCHANGE 98
6.9 OTHERS 98
7 GLOBAL CORE BANKING SOLUTIONS MARKET, BY OFFERING 99
7.1 OVERVIEW 100
7.2 SOFTWARE 103
7.3 SERVICES 103
7.3.1 MANAGED SERVICES 104
7.3.2 PROFESSIONAL SERVICES 104
7.3.2.1 CONSULTING 104
7.3.2.2 IMPLEMENTATION AND ADVISORY 104
7.3.2.3 SUPPORT 105
8 GLOBAL CORE BANKING SOLUTIONS MARKET, BY DEPLOYMENT MODEL 106
8.1 OVERVIEW 107
8.2 CLOUD 110
8.3 ON PREMISES 111
9 GLOBAL CORE BANKING SOLUTIONS MARKET, BY ENTERPRISE SIZE 112
9.1 OVERVIEW 113
9.2 LARGE ENTERPRISES 116
9.2.1 CLOUD 117
9.2.2 ON PREMISES 117
9.3 SMALL AND MEDIUM ENTERPRISES (SMES) 117
9.3.1 CLOUD 117
9.3.2 ON-PREMISES 118
10 GLOBAL CORE BANKING SOLUTIONS MARKET, BY CHANNEL 119
10.1 OVERVIEW 120
10.2 INTERNET BANKING 123
10.3 MOBILE BANKING 124
10.4 ATMS 124
10.5 BANK BRANCHES 125
10.6 OTHERS 125
11 GLOBAL CORE BANKING SOLUTIONS MARKET, BY FUNCTION 126
11.1 OVERVIEW 127
11.2 CUSTOMER RELATIONSHIP MANAGEMENT 130
11.3 TRANSACTION PROCESSING 131
11.4 ACCOUNT MANAGEMENT 131
11.5 LOAN MANAGEMENT 132
11.6 RISK MANAGEMENT 132
11.7 PRODUCT MANAGEMENT 133
11.8 COMPLIANCE MANAGEMENT 133
11.9 REPORTING AND ANALYTICS 134
11.10 OTHERS 134
12 GLOBAL CORE BANKING SOLUTIONS MARKET, BY END USER 135
12.1 OVERVIEW 136
12.2 BANKS 139
12.2.1 ONLINE AND NEOBANKS 140
12.2.2 RETAIL BANK 140
12.2.3 COMMERCIAL BANKS 140
12.2.4 INVESTMENT BANK 140
12.2.5 OTHERS 140
12.2.5.1 ENTERPRISE CUSTOMER SOLUTIONS 141
12.2.5.2 PAYMENTS AND WITHDRAWALS 141
12.2.5.3 TRANSFER 141
12.2.5.4 DEPOSITS 141
12.2.5.5 LOANS 141
12.2.5.6 MORTGAGES 141
12.2.5.7 CURRENCY EXCHANGE 141
12.2.5.8 OTHERS 141
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12.3 CREDIT UNIONS AND COMMUNITY BANKS 142
12.3.1 ENTERPRISE CUSTOMER SOLUTIONS 142
12.3.2 PAYMENTS AND WITHDRAWAL 143
12.3.3 TRANSFER 143
12.3.4 DEPOSITS 143
12.3.5 LOANS 143
12.3.6 MORTGAGES 143
12.3.7 CURRENCY EXCHANGE 143
12.3.8 OTHERS 143
12.3.8.1 LARGE ENTERPRISES 144
12.3.8.2 SMALL AND MEDIUM ENTERPRISES (SMES) 144
12.4 OTHER FINANCIAL INSTITUTIONS 144
13 GLOBAL CORE BANKING SOLUTIONS MARKET, BY REGION 145
13.1 OVERVIEW 146
13.2 NORTH AMERICA 150
13.2.1 U.S. 157
13.2.2 CANADA 163
13.2.3 MEXICO 169
13.3 EUROPE 175
13.3.1 GERMANY 182
13.3.2 U.K. 188
13.3.3 FRANCE 194
13.3.4 ITALY 200
13.3.5 SPAIN 206
13.3.6 RUSSIA 212
13.3.7 POLAND 218
13.3.8 TURKEY 224
13.3.9 BELGIUM 230
13.3.10 NETHERLANDS 236
13.3.11 SWITZERLAND 242
13.3.12 SWEDEN 248
13.3.13 NORWAY 254
13.3.14 DENMARK 260
13.3.15 FINLAND 266
13.3.16 REST OF EUROPE 272
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13.4 ASIA-PACIFIC 273
13.4.1 CHINA 280
13.4.2 JAPAN 286
13.4.3 SOUTH KOREA 292
13.4.4 INDIA 298
13.4.5 AUSTRALIA 304
13.4.6 NEW ZEALAND 310
13.4.7 SINGAPORE 316
13.4.8 THAILAND 322
13.4.9 INDONESIA 328
13.4.10 PHILIPPINES 334
13.4.11 MALAYSIA 340
13.4.12 VIETNAM 346
13.4.13 REST OF ASIA-PACIFIC 352
13.5 SOUTH AMERICA 353
13.5.1 BRAZIL 360
13.5.2 ARGENTINA 366
13.5.3 REST OF SOUTH AMERICA 372
13.6 MIDDLE EAST AND AFRICA 373
13.6.1 SOUTH AFRICA 380
13.6.2 SAUDI ARABIA 386
13.6.3 ISRAEL 392
13.6.4 EGYPT 398
13.6.5 U.A.E. 404
13.6.6 QATAR 410
13.6.7 BAHRAIN 416
13.6.8 KUWAIT 422
13.6.9 OMAN 428
13.6.10 REST OF MIDDLE EAST AND AFRICA 434
14 GLOBAL CORE BANKING SOLUTIONS MARKET: COMPANY LANDSCAPE 435
14.1 COMPANY SHARE ANALYSIS: GLOBAL 435
15 NORTH AMERICA CORE BANKING SOLUTIONS MARKET: COMPANY LANDSCAPE 436
15.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 436
16 EUROPE CORE BANKING SOLUTIONS MARKET: COMPANY LANDSCAPE 437
16.1 COMPANY SHARE ANALYSIS: EUROPE 437
17 ASIA-PACIFIC CORE BANKING SOLUTIONS MARKET: COMPANY LANDSCAPE 438
17.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 438
18 SWOT ANALYSIS 439
19 COMPANY PROFILES 440
19.1 IBM 440
19.1.1 COMPANY SNAPSHOT 440
19.1.2 REVENUE ANALYSIS 440
19.1.3 COMPANY SHARE ANALYSIS 441
19.1.4 PRODUCT PORTFOLIO 441
19.1.5 RECENT DEVELOPMENT 442
19.2 ORACLE 443
19.2.1 COMPANY SNAPSHOT 443
19.2.2 REVENUE ANALYSIS 443
19.2.3 COMPANY SHARE ANALYSIS 444
19.2.4 PRODUCT PORTFOLIO 444
19.2.5 RECENT DEVELOPMENT 444
19.3 FINASTRA 445
19.3.1 COMPANY SNAPSHOT 445
19.3.2 PRODUCT PORTFOLIO 445
19.3.3 COMPANY SHARE ANALYSIS 446
19.3.4 RECENT DEVELOPMENT 446
19.4 TATA CONSULTANCY SERVICES LIMITED 447
19.4.1 COMPANY SNAPSHOT 447
19.4.2 REVENUE ANALYSIS 447
19.4.3 COMPANY SHARE ANALYSIS 448
19.4.4 PRODUCT PORTFOLIO 448
19.4.5 RECENT DEVELOPMENT 448
19.5 FISERV, INC. 450
19.5.1 COMPANY SNAPSHOT 450
19.5.2 REVENUE ANALYSIS 450
19.5.3 COMPANY SHARE ANALYSIS 451
19.5.4 PRODUCT PORTFOLIO 451
19.5.5 RECENT DEVELOPMENT 452
19.6 BACKBASE 453
19.6.1 COMPANY SNAPSHOT 453
19.6.2 PRODUCT PORTFOLIO 453
19.6.3 RECENT DEVELOPMENT 454
19.7 BRICKNODE 455
19.7.1 COMPANY SNAPSHOT 455
19.7.2 PRODUCT PORTFOLIO 455
19.7.3 RECENT DEVELOPMENT 455
19.8 CAPITAL BANKING SOLUTIONS 456
19.8.1 COMPANY SNAPSHOT 456
19.8.2 PRODUCT PORTFOLIO 456
19.8.3 RECENT DEVELOPMENT 456
19.9 CAPGEMINI. (2023) 457
19.9.1 COMPANY SNAPSHOT 457
19.9.2 REVENUE ANALYSIS 457
19.9.3 PRODUCT PORTFOLIO 458
19.9.4 RECENT DEVELOPMENTS 458
19.10 CHETU INC 459
19.10.1 COMPANY SNAPSHOT 459
19.10.2 PRODUCT PORTFOLIO 459
19.10.3 RECENT DEVELOPMENT 459
19.11 FIS 460
19.11.1 COMPANY SNAPSHOT 460
19.11.2 REVENUE ANALYSIS 460
19.11.3 PRODUCT PORTFOLIO 461
19.11.4 RECENT DEVELOPMENT 461
19.12 FORBIS 462
19.12.1 COMPANY SNAPSHOT 462
19.12.2 PRODUCT PORTFOLIO 462
19.12.3 RECENT DEVELOPMENT 462
19.13 HCL TECHNOLOGIES LIMITED 463
19.13.1 COMPANY SNAPSHOT 463
19.13.2 REVENUE ANALYSIS 463
19.13.3 PRODUCT PORTFOLIO 464
19.13.4 RECENT DEVELOPMENT 464
19.14 INFOSYS LIMITED 465
19.14.1 COMPANY SNAPSHOT 465
19.14.2 REVENUE ANALYSIS 465
19.14.3 PRODUCT PORTFOLIO 466
19.14.4 RECENT DEVELOPMENT 466
19.15 JACK HENRY & ASSOCIATES, INC. 467
19.15.1 COMPANY SNAPSHOT 467
19.15.2 REVENUE ANALYSIS 467
19.15.3 PRODUCT PORTFOLIO 468
19.15.4 RECENT DEVELOPMENT 469
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19.16 JAYAM SOLUTIONS 470
19.16.1 COMPANY SNAPSHOT 470
19.16.2 PRODUCT PORTFOLIO 470
19.16.3 RECENT DEVELOPMENT 470
19.17 MAMBU 471
19.17.1 COMPANY SNAPSHOT 471
19.17.2 PRODUCT PORTFOLIO 471
19.17.3 RECENT DEVELOPMENTS 472
19.18 NCINO 473
19.18.1 COMPANY SNAPSHOT 473
19.18.2 REVENUE ANALYSIS 473
19.18.3 PRODUCT PORTFOLIO 474
19.18.4 RECENT DEVELOPMENTS 474
19.19 NCR VYOIX CORPORATION 475
19.19.1 COMPANY SNAPSHOT 475
19.19.2 REVENUE ANALYSIS 475
19.19.3 PRODUCT PORTFOLIO 476
19.19.4 RECENT DEVELOPMENT 476
19.20 NELITO SYSTEMS PVT. LTD. 477
19.20.1 COMPANY SNAPSHOT 477
19.20.2 PRODUCT PORTFOLIO 477
19.20.3 RECENT DEVELOPMENTS 478
19.21 SAP 479
19.21.1 COMPANY SNAPSHOT 479
19.21.2 REVENUE ANALYSIS 479
19.21.3 PRODUCT PORTFOLIO 480
19.21.4 RECENT DEVELOPMENT 480
19.22 TEMENOS HEADQUARTERS SA (2023) 481
19.22.1 COMPANY SNAPSHOT 481
19.22.2 REVENUE ANALYSIS 482
19.22.3 PRODUCT PORTFOLIO 482
19.22.4 RECENT DEVELOPMENTS 483
19.23 UNISYS 484
19.23.1 COMPANY SNAPSHOT 484
19.23.2 REVENUE ANALYSIS 484
19.23.3 PRODUCT PORTFOLIO 485
19.23.4 RECENT DEVELOPMENT 485
20 QUESTIONNAIRE 486
21 RELATED REPORTS 489
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