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Third-party Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Report I 2023-10-15 I 148 Pages I IMARC Group

Market Overview:

The global third-party banking software market size reached US$ 26.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

The third-party banking software refers to a multi-channel application that performs numerous core banking functions, private wealth management and business intelligence. It is an integrated and customized software solution that outsources and provides end-to-end omnichannel management of banking operations. It is primarily used by commercial, retail and trading banks for improving their interbank network and streamlining their operations. The software aids in minimizing losses due to human errors, maintaining flexibility in operations, improving customer experience and enabling banks to have a competitive edge over other financial institutions.

Third-party Banking Software Market Trends:
Significant growth in the banking, financial services and insurance (BFSI) industry is one of the key factors driving the growth of the market. Furthermore, the integration of various cloud-computing applications with banking software is also providing a boost to the market growth. In comparison to the traditionally used manual methods, there is an increasing preference for computerized accounting for bookkeeping and monetary transactions. In line with this, consumers are also more inclined toward accessing their account details and performing financial transactions using their smartphones, laptop and tablets. Additionally, technological advancements, such as the incorporation of big data analytics in third-party banking software, is creating a positive impact on the market. These analytical tools aid in processing large amounts of data and making efficient business decisions to increase profitability and identify market trends, thus enabling access to valuable insights for effective decision-making. Other factors, including the emerging trend of customer-centric core banking and the growing demand for standardized processes in the banking sector, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global third-party banking software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, deployment type, application and end-user.

Breakup by Product:

Core Banking Software
Multi-Channel Banking Software
Business Intelligence Software
Others

Breakup by Deployment Type:

On-premises
Cloud-based

Breakup by Application:

Risk Management
Information Security
Business Intelligence
Others

Breakup by End-User:

Commercial Banks
Retail and Trading Banks

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Accenture, Capgemini, Deltek, IBM, Infosys, Microsoft Corporation, NetSuite Inc., Oracle Corporation, SAP SE, Tata Consultancy Services, etc.

Key Questions Answered in This Report:
How has the global third-party banking software market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global third-party banking software market?
What is the breakup of the market based on the product?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global third-party banking software market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Third-party Banking Software Market
5.1Market Overview
5.2Market Performance
5.3Impact Of COVID-19
5.4Market Forecast
6 Market Breakup by Product
6.1Core Banking Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Multi-Channel Banking Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Business Intelligence Software
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Deployment Type
7.1On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1Risk Management
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Information Security
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Business Intelligence
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End-User
9.1Commercial Banks
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Retail and Trading Banks
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.1Accenture
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2Capgemini
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3Deltek
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4IBM
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5Infosys
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6Microsoft Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7NetSuite Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8Oracle Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9SAP SE
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10Tata Consultancy Services
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis

Figure 1: Global: Third-party Banking Software Market: Major Drivers and Challenges
Figure 2: Global: Third-party Banking Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Third-party Banking Software Market: Breakup by Product (in %), 2022
Figure 4: Global: Third-party Banking Software Market: Breakup by Deployment Type (in %), 2022
Figure 5: Global: Third-party Banking Software Market: Breakup by Application (in %), 2022
Figure 6: Global: Third-party Banking Software Market: Breakup by End-User (in %), 2022
Figure 7: Global: Third-party Banking Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Third-party Banking Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Third-party Banking Software (Core Banking Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Third-party Banking Software (Core Banking Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Third-party Banking Software (Multi-Channel Banking Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Third-party Banking Software (Multi-Channel Banking Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Third-party Banking Software (Business Intelligence Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Third-party Banking Software (Business Intelligence Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Third-party Banking Software (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Third-party Banking Software (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Third-party Banking Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Third-party Banking Software (On-Premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Third-party Banking Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Third-party Banking Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Third-party Banking Software (Risk Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Third-party Banking Software (Risk Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Third-party Banking Software (Information Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Third-party Banking Software (Information Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Third-party Banking Software (Business Intelligence) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Third-party Banking Software (Business Intelligence) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Third-party Banking Software (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Third-party Banking Software (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Third-party Banking Software (Commercial Banks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Third-party Banking Software (Commercial Banks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Third-party Banking Software (Retail and Trading Banks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Third-party Banking Software (Retail and Trading Banks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia Pacific: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia Pacific: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Third-party Banking Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Third-party Banking Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Third-party Banking Software Industry: SWOT Analysis
Figure 82: Global: Third-party Banking Software Industry: Value Chain Analysis
Figure 83: Global: Third-party Banking Software Industry: Porters Five Forces Analysis

Table 1: Global: Third-party Banking Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Third-party Banking Software Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Third-party Banking Software Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: Third-party Banking Software Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Third-party Banking Software Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 6: Global: Third-party Banking Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Third-party Banking Software Market: Competitive Structure
Table 8: Global: Third-party Banking Software Market: Key Players

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