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
- 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
- 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
- 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
- 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