Global Banking System Software Market is valued approximately at USD 35.88 billion in 2022 and is anticipated to grow with a growth rate of more than 6.2% over the forecast period 2023-2030. Banking System Software refers to specialized software applications that are designed to facilitate and automate various banking operations and processes. These software solutions are used by banks and financial institutions to manage their day-to-day operations efficiently, enhance customer experience, and ensure regulatory compliance. The widespread use of smartphones and the internet has ramped up the demand for financial system software. The rise of digital banking has led to an increased demand for advanced solutions that enhance customer experience by providing reliable, secure, and cutting-edge options for managing accounts and conducting transactions using mobile personal devices.
The growth of fintech has had a significant impact on the market for banking system software. Fintech companies are revolutionizing the way people manage their finances through the introduction of innovative software solutions.. According to Statista, the worldwide fintech business is expected to generate USD 125.18 billion more in yearly income between 2023 and 2030, with an estimated global sale of USD 169.32 billion in 2023. The global fintech market is anticipated to generate approximately USD 294.5 billion in revenue by 2030. Another significant industry driver for banking system software is government regulatory compliance as Governments imposes regulations and standards to ensure the integrity, security, and transparency of financial transactions. Banks must adhere to these regulations to prevent fraud, money laundering, and other illicit activities. Banking system software plays a crucial role in enabling banks to meet compliance requirements by providing features such as transaction monitoring, customer due diligence, and reporting functionalities. Additionally, as the banking sector becomes increasingly competitive, there is a growing need for technological solutions that can provide a competitive edge. However, high implementation and maintenance costs for software stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Banking System Software Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the banking system software market in 2022 with a revenue share of more than XX%. The expansion of the regional market has been facilitated by the presence of numerous top banking software providers in the area, including JPMorgan Chase, Bank of America, and Citigroup. These businesses have a substantial demand for cutting-edge banking system software solutions to boost productivity and competitiveness. Furthermore, the development of banking software solutions has been aided by North America's sizable and well-established IT sector. Asia Pacific is expected to be the fastest growing region during the forecast period. The rapidly expanding economies in the region, such as China and India, are to blame for the expansion of the regional market for banking system software since they have increased demand for banking services. The expansion of the financial industry in the Asia-Pacific region is further propelled by the increasing size of the middle-class population. This demographic shift leads to a rise in disposable income and a growing demand for financial services.
Major market player included in this report are:
- Microsoft Corporation
- International Business Machines (IBM) Corporation
- Finastra International ltd.
- Fidelity National Information Services, Inc.
- Fiserv, Inc.
- SAP SE
- Oracle Corporation
- Infosys Limited
- TATA Consultancy Services Limited
- Salesforce, Inc.
Recent Developments in the Market:
- In January 2022, Supply chain finance and dynamic discounting services are provided by the financial technology company Taulia, which was acquired by SAP SE. SAP SE would be able to boost its CFO office products and expand its Business Network through this acquisition. Furthermore, Taulia's solutions will continue to be offered separately as well as be intimately integrated with SAP.
- In January 2021, Postbank Systems AG was acquired by Tata Consultancy Services Ltd. from Deutsche Bank AG. Tata Consultancy Services Ltd. would be able to expand its clientele in Germany and improve its prospects for future growth with this acquisition.
Global Banking System Software Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Software, Services, Deployment, Operating System, Enterprise Size, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Software:
- Core Banking System Software
- Corporate Banking System Software
- Investment Banking System Software
- Others
By Service:
- Professional Services
- Managed Services
By Deployment:
By Operating System:
- Android
- Windows
- iOS
- Others
By Enterprise Size:
- Large Enterprises
- Small & Medium Enterprises
By Application:
- Transaction Management
- Credit and Lending
- Risk & Compliance
- Customer Relationship Management
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Banking System Software Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Banking System Software Market, by Software, 2020-2030 (USD Billion)
- 1.2.3. Banking System Software Market, by Service, 2020-2030 (USD Billion)
- 1.2.4. Banking System Software Market, by Deployment, 2020-2030 (USD Billion)
- 1.2.5. Banking System Software Market, by Operating System, 2020-2030 (USD Billion)
- 1.2.6. Banking System Software Market, by Enterprise Size, 2020-2030 (USD Billion)
- 1.2.7. Banking System Software Market, by Application, 2020-2030 (USD Billion
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Banking System Software Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Banking System Software Market Dynamics
- 3.1. Banking System Software Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Digitalisation in Banking Sector
- 3.1.1.2. Increasing demand for Smartphones and Internet
- 3.1.1.3. Growing Fintech Industry
- 3.1.2. Market Challenges
- 3.1.2.1. High Maintenance Cost of Banking System Software
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing Government Compliances and Regulations
- 3.1.3.2. Increasing Competitiveness in the banking sector
Chapter 4. Global Banking System Software Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Banking System Software Market, by Software
- 5.1. Market Snapshot
- 5.2. Global Banking System Software Market by Software, Performance - Potential Analysis
- 5.3. Global Banking System Software Market Estimates & Forecasts by Software 2020-2030 (USD Billion)
- 5.4. Banking System Software Market, Sub Segment Analysis
- 5.4.1. Core Banking System Software
- 5.4.2. Corporate Banking System Software
- 5.4.3. Investment Banking System Software
- 5.4.4. Others
Chapter 6. Global Banking System Software Market, by Service
- 6.1. Market Snapshot
- 6.2. Global Banking System Software Market by Service, Performance - Potential Analysis
- 6.3. Global Banking System Software Market Estimates & Forecasts by Service 2020-2030 (USD Billion)
- 6.4. Banking System Software Market, Sub Segment Analysis
- 6.4.1. Professional Services
- 6.4.2. Managed Services
Chapter 7. Global Banking System Software Market, by Deployment
- 7.1. Market Snapshot
- 7.2. Global Banking System Software Market by Deployment, Performance - Potential Analysis
- 7.3. Global Banking System Software Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
- 7.4. Banking System Software Market, Sub Segment Analysis
- 7.4.1. On-premise
- 7.4.2. Cloud
Chapter 8. Global Banking System Software Market, by Operating System
- 8.1. Market Snapshot
- 8.2. Global Banking System Software Market by Operating System, Performance - Potential Analysis
- 8.3. Global Banking System Software Market Estimates & Forecasts by Operating System 2020-2030 (USD Billion)
- 8.4. Banking System Software Market, Sub Segment Analysis
- 8.4.1. Android
- 8.4.2. Windows
- 8.4.3. iOS
- 8.4.4. Others
Chapter 9. Global Banking System Software Market, by Enterprise Size
- 9.1. Market Snapshot
- 9.2. Global Banking System Software Market by Enterprise Size, Performance - Potential Analysis
- 9.3. Global Banking System Software Market Estimates & Forecasts by Enterprise Size 2020-2030 (USD Billion)
- 9.4. Banking System Software Market, Sub Segment Analysis
- 9.4.1. Large Enterprises
- 9.4.2. Small & Medium Enterprises
Chapter 10. Global Banking System Software Market, by Application
- 10.1. Market Snapshot
- 10.2. Global Banking System Software Market by Application, Performance - Potential Analysis
- 10.3. Global Banking System Software Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 10.4. Banking System Software Market, Sub Segment Analysis
- 10.4.1. Transaction Management
- 10.4.2. Credit and Lending
- 10.4.3. Risk & Compliance
- 10.4.4. Customer Relationship Management
- 10.4.5. Others
Chapter 11. Global Banking System Software Market, Regional Analysis
- 11.1. Top Leading Countries
- 11.2. Top Emerging Countries
- 11.3. Banking System Software Market, Regional Market Snapshot
- 11.4. North America Banking System Software Market
- 11.4.1. U.S. Banking System Software Market
- 11.4.1.1. Software breakdown estimates & forecasts, 2020-2030
- 11.4.1.2. Service breakdown estimates & forecasts, 2020-2030
- 11.4.1.3. Deployment breakdown estimates & forecasts, 2020-2030
- 11.4.1.4. Operating System breakdown estimates & forecasts, 2020-2030
- 11.4.1.5. Enterprise Size breakdown estimates & forecasts, 2020-2030
- 11.4.1.6. Application breakdown estimates & forecasts, 2020-2030
- 11.4.2. Canada Banking System Software Market
- 11.5. Europe Banking System Software Market Snapshot
- 11.5.1. U.K. Banking System Software Market
- 11.5.2. Germany Banking System Software Market
- 11.5.3. France Banking System Software Market
- 11.5.4. Spain Banking System Software Market
- 11.5.5. Italy Banking System Software Market
- 11.5.6. Rest of Europe Banking System Software Market
- 11.6. Asia-Pacific Banking System Software Market Snapshot
- 11.6.1. China Banking System Software Market
- 11.6.2. India Banking System Software Market
- 11.6.3. Japan Banking System Software Market
- 11.6.4. Australia Banking System Software Market
- 11.6.5. South Korea Banking System Software Market
- 11.6.6. Rest of Asia Pacific Banking System Software Market
- 11.7. Latin America Banking System Software Market Snapshot
- 11.7.1. Brazil Banking System Software Market
- 11.7.2. Mexico Banking System Software Market
- 11.8. Middle East & Africa Banking System Software Market
- 11.8.1. Saudi Arabia Banking System Software Market
- 11.8.2. South Africa Banking System Software Market
- 11.8.3. Rest of Middle East & Africa Banking System Software Market
Chapter 12. Competitive Intelligence
- 12.1. Key Company SWOT Analysis
- 12.1.1. Company 1
- 12.1.2. Company 2
- 12.1.3. Company 3
- 12.2. Top Market Strategies
- 12.3. Company Profiles
- 12.3.1. Microsoft Corporation
- 12.3.1.1. Key Information
- 12.3.1.2. Overview
- 12.3.1.3. Financial (Subject to Data Availability)
- 12.3.1.4. Product Summary
- 12.3.1.5. Recent Developments
- 12.3.2. International Business Machines (IBM) Corporation
- 12.3.3. Finastra International ltd.
- 12.3.4. Fidelity National Information Services, Inc.
- 12.3.5. Fiserv, Inc.
- 12.3.6. SAP SE
- 12.3.7. Oracle Corporation
- 12.3.8. Infosys Limited
- 12.3.9. TATA Consultancy Services Limited
- 12.3.10. Salesforce Inc.
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption