Product Code: GVR-4-68040-034-8
Banking System Software Market Growth & Trends:
The global banking system software market size is expected to reach USD 57.78 billion by 2030, expanding at 6.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of mobile and online banking is driving the demand for advanced banking system software that enables secure and seamless transactions through digital channels. This has resulted in the development of innovative solutions that allow customers to access their accounts and perform financial transactions on the go.
The new banking software increases convenience and makes banking more accessible, especially to the younger generation. Moreover, banks are looking for ways to improve their operational efficiency and make informed business decisions. To achieve this, financial institutions leverage advanced analytics and reporting capabilities provided by banking system software.
Banking software companies are collaborating to provide improved solutions. For instance, in August 2022, Data Center Inc., a privately held fintech processing and digital banking solutions developer announced a collaboration with Glia, a Digital Customer Service provider (DCS). The partnership aimed to increase usage of its GoBanking products by providing a better customer experience via co-browsing, a collaborative method to voice, video, and text chat.
The COVID-19 pandemic highlighted the need for updating traditional business models to sustain in the changing business environment. Moreover, the pandemic created a favorable environment for the growth of the digital banking market as banks looks to invest in innovative technologies and software solutions to meet the changing needs of their customers. Furthermore, the pandemic has also increased the emphasis on digital transformation, propelling market growth further.
Banking System Software Market Report Highlights:
- The core banking system software segment is expected to dominate the market during the forecast period. Integrating advanced technologies, such as artificial intelligence and blockchain, into core banking system software provides new opportunities for innovation and growth
- The professional services segment is expected to dominate the market during the forecast period. The growing demand for professional services is driven by the increasing complexity of banking systems and the need for banks to stay competitive and meet regulatory requirements
- The on-premise segment is expected to account for the highest revenue share during the forecast period. The preference for on-premise deployment is driven by the need for banks to maintain control over their IT infrastructure, meet regulatory requirements, and ensure the security and privacy of their data
- The android segment is likely to register the highest revenue share in the market during the forecast period owing to the fact that it is highly customizable. This enables the banking system software to be tailored to meet the specific needs and requirements of individual customers
- The small & medium enterprises segment is expected to grow at a significant CAGR during the forecast period. Banking system software can provide small & medium enterprises with the support and resources they need to succeed. Small & medium enterprises often need more in-house expertise and resources, making it difficult to manage their financial operations effectively
- The transaction management segment dominated the market in 2022. The growth of e-commerce and the increasing use of mobile devices for financial transactions are driving the adoption of transaction management solutions
- The Asia Pacific region is expected to experience rapid growth due to a large customer base and the presence of numerous key banking software companies and innovators. Furthermore, countries such as China, Japan, and South Korea are implementing new technologies to streamline their retail operations, providing a positive outlook for the regional market's growth
Table of Contents
Chapter 1 Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Research Assumptions
- 1.5. List of Data Sources
- 1.5.1. Secondary Sources
- 1.5.2. Primary Sources
Chapter 2 Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Banking System Software Market Value Chain Analysis
- 3.3. Banking System Software Market Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Rising prevalence of digital banking and increasing transactional data volumes
- 3.3.1.2. Evolving customer expectation
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.2.1. Regulatory compliance and high cost of implementation and maintenance
- 3.3.3. Market Opportunity Analysis
- 3.3.3.1. Growing prevalence of open banking technology
- 3.4. Banking System Software - Porter's Five Forces Analysis
- 3.5. Banking System Software Market - PESTEL Analysis
- 3.6. Impact of COVID-19 on the Banking System Software Market
Chapter 4 Banking System Software Outlook
- 4.1. Banking System Software Market Share By Software, 2022
- 4.2. Core Banking System Software
- 4.2.1. Banking system software market by core banking system software, 2017 - 2030
- 4.3. Corporate Banking System Software
- 4.3.1. Banking system software market by corporate banking system software, 2017 - 2030
- 4.4. Investment Banking System Software
- 4.4.1. Banking system software market by investment banking system software, 2017 - 2030
- 4.5. Others
- 4.5.1. Banking system software market by others, 2017 - 2030
Chapter 5 Banking System Software Services Outlook
- 5.1. Banking System Software Market Share By Services, 2022
- 5.2. Professional Services
- 5.2.1. Banking system software market by professional Services, 2017 - 2030
- 5.3. Managed Services
- 5.3.1. Banking system software market by managed services, 2017 - 2030
Chapter 6 Banking System Software Deployment Outlook
- 6.1. Banking System Software Market Share By Deployment, 2022
- 6.2. On-premise
- 6.2.1. Banking system software market by on-premise deployment, 2017 - 2030
- 6.3. Cloud
- 6.3.1. Banking system software market by cloud deployment, 2017 - 2030
Chapter 7 Banking System Software Operating System Outlook
- 7.1. Banking System Software Market Share By Operating System, 2022
- 7.2. Android
- 7.2.1. Banking system software market by android, 2017 - 2030
- 7.3. Windows
- 7.3.1. Banking system software market by windows, 2017 - 2030
- 7.4. iOS
- 7.4.1. Banking system software market by iOS, 2017 - 2030
- 7.5. Others
- 7.5.1. Banking system software market by others, 2017 - 2030
Chapter 8 Banking System Software Enterprise Size Outlook
- 8.1. Banking System Software Market Share By Enterprise Size, 2022
- 8.2. Large Enterprises
- 8.2.1. Banking system software market by large enterprises, 2017 - 2030
- 8.3. Small & Medium Enterprises
- 8.3.1. Banking system software market by small & medium enterprises, 2017 - 2030
Chapter 9 Banking System Software Regional Outlook
- 9.1. Banking System Software Market Share By Region, 2022
- 9.2. North America
- 9.2.1. North America Banking system software market, 2017 - 2030
- 9.2.2. North America Banking system software market, by software, 2017 - 2030
- 9.2.3. North America Banking system software market, by services, 2017 - 2030
- 9.2.4. North America Banking system software market, by deployment, 2017 - 2030
- 9.2.5. North America Banking system software market, by operating system, 2017 - 2030
- 9.2.6. North America Banking system software market, by enterprise size, 2017 - 2030
- 9.2.7. North America Banking system software market, by application, 2017 - 2030
- 9.2.8. U.S.
- 9.2.8.1. U.S. Banking system software market, 2017 - 2030
- 9.2.8.2. U.S. Banking system software market, by software, 2017 - 2030
- 9.2.8.3. U.S. Banking system software market, by services, 2017 - 2030
- 9.2.8.4. U.S. Banking system software market, by deployment, 2017 - 2030
- 9.2.8.5. U.S. Banking system software market, by operating system, 2017 - 2030
- 9.2.8.6. U.S. Banking system software market, by enterprise size, 2017 - 2030
- 9.2.8.7. U.S. Banking system software market, by application, 2017 - 2030
- 9.2.9. Canada
- 9.2.9.1. Canada Banking system software market, 2017 - 2030
- 9.2.9.2. Canada Banking system software market, by software, 2017 - 2030
- 9.2.9.3. Canada Banking system software market, by services, 2017 - 2030
- 9.2.9.4. Canada Banking system software market, by deployment, 2017 - 2030
- 9.2.9.5. Canada Banking system software market, by operating system, 2017 - 2030
- 9.2.9.6. Canada Banking system software market, by enterprise size, 2017 - 2030
- 9.2.9.7. Canada Banking system software market, by application, 2017 - 2030
- 9.3. Europe
- 9.3.1. Europe Banking system software market, 2017 - 2030
- 9.3.2. Europe Banking system software market, by software, 2017 - 2030
- 9.3.3. Europe Banking system software market, by services, 2017 - 2030
- 9.3.4. Europe Banking system software market, by deployment, 2017 - 2030
- 9.3.5. Europe Banking system software market, by operating system, 2017 - 2030
- 9.3.6. Europe Banking system software market, by enterprise size, 2017 - 2030
- 9.3.7. Europe Banking system software market, by application, 2017 - 2030
- 9.3.8. U.K.
- 9.3.8.1. U.K. Banking system software market, 2017 - 2030
- 9.3.8.2. U.K. Banking system software market, by software, 2017 - 2030
- 9.3.8.3. U.K. Banking system software market, by services, 2017 - 2030
- 9.3.8.4. U.K. Banking system software market, by deployment, 2017 - 2030
- 9.3.8.5. U.K. Banking system software market, by operating system, 2017 - 2030
- 9.3.8.6. U.K. Banking system software market, by enterprise size, 2017 - 2030
- 9.3.8.7. U.K. Banking system software market, by application, 2017 - 2030
- 9.3.9. Germany
- 9.3.9.1. Germany Banking system software market, 2017 - 2030
- 9.3.9.2. Germany Banking system software market, by software, 2017 - 2030
- 9.3.9.3. Germany Banking system software market, by services, 2017 - 2030
- 9.3.9.4. Germany Banking system software market, by deployment, 2017 - 2030
- 9.3.9.5. Germany Banking system software market, by operating system, 2017 - 2030
- 9.3.9.6. Germany Banking system software market, by enterprise size, 2017 - 2030
- 9.3.9.7. Germany Banking system software market, by application, 2017 - 2030
- 9.3.10. France
- 9.3.10.1. France Banking system software market, 2017 - 2030
- 9.3.10.2. France Banking system software market, by software, 2017 - 2030
- 9.3.10.3. France Banking system software market, by services, 2017 - 2030
- 9.3.10.4. France Banking system software market, by deployment, 2017 - 2030
- 9.3.10.5. France Banking system software market, by operating system, 2017 - 2030
- 9.3.10.6. France Banking system software market, by enterprise size, 2017 - 2030
- 9.3.10.7. France Banking system software market, by application, 2017 - 2030
- 9.3.11. Spain
- 9.3.11.1. Spain Banking system software market, 2017 - 2030
- 9.3.11.2. Spain Banking system software market, by software, 2017 - 2030
- 9.3.11.3. Spain Banking system software market, by services, 2017 - 2030
- 9.3.11.4. Spain Banking system software market, by deployment, 2017 - 2030
- 9.3.11.5. Spain Banking system software market, by operating system, 2017 - 2030
- 9.3.11.6. Spain Banking system software market, by enterprise size, 2017 - 2030
- 9.3.11.7. Spain Banking system software market, by application, 2017 - 2030
- 9.3.12. Italy
- 9.3.12.1. Italy Banking system software market, 2017 - 2030
- 9.3.12.2. Italy Banking system software market, by software, 2017 - 2030
- 9.3.12.3. Italy Banking system software market, by services, 2017 - 2030
- 9.3.12.4. Italy Banking system software market, by deployment, 2017 - 2030
- 9.3.12.5. Italy Banking system software market, by operating system, 2017 - 2030
- 9.3.12.6. Italy Banking system software market, by enterprise size, 2017 - 2030
- 9.3.12.7. Italy Banking system software market, by application, 2017 - 2030
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Banking system software market, 2017 - 2030
- 9.4.2. Asia Pacific Banking system software market, by software, 2017 - 2030
- 9.4.3. Asia Pacific Banking system software market, by services, 2017 - 2030
- 9.4.4. Asia Pacific Banking system software market, by deployment, 2017 - 2030
- 9.4.5. Asia Pacific Banking system software market, by operating system, 2017 - 2030
- 9.4.6. Asia Pacific Banking system software market, by enterprise size, 2017 - 2030
- 9.4.7. Asia Pacific Banking system software market, by application, 2017 - 2030
- 9.4.8. China
- 9.4.8.1. China Banking system software market, 2017 - 2030
- 9.4.8.2. China Banking system software market, by software, 2017 - 2030
- 9.4.8.3. China Banking system software market, by services, 2017 - 2030
- 9.4.8.4. China Banking system software market, by deployment, 2017 - 2030
- 9.4.8.5. China Banking system software market, by operating system, 2017 - 2030
- 9.4.8.6. China Banking system software market, by enterprise size, 2017 - 2030
- 9.4.8.7. China Banking system software market, by application, 2017 - 2030
- 9.4.9. Japan
- 9.4.9.1. Japan Banking system software market, 2017 - 2030
- 9.4.9.2. Japan Banking system software market, by software, 2017 - 2030
- 9.4.9.3. Japan Banking system software market, by services, 2017 - 2030
- 9.4.9.4. Japan Banking system software market, by deployment, 2017 - 2030
- 9.4.9.5. Japan Banking system software market, by operating system, 2017 - 2030
- 9.4.9.6. Japan Banking system software market, by enterprise size, 2017 - 2030
- 9.4.9.7. Japan Banking system software market, by application, 2017 - 2030
- 9.4.10. Hong Kong
- 9.4.10.1. Hong Kong Banking system software market, 2017 - 2030
- 9.4.10.2. Hong Kong Banking system software market, by software, 2017 - 2030
- 9.4.10.3. Hong Kong Banking system software market, by services, 2017 - 2030
- 9.4.10.4. Hong Kong Banking system software market, by deployment, 2017 - 2030
- 9.4.10.5. Hong Kong Banking system software market, by operating system, 2017 - 2030
- 9.4.10.6. Hong Kong Banking system software market, by enterprise size, 2017 - 2030
- 9.4.10.7. Hong Kong Banking system software market, by application, 2017 - 2030
- 9.4.11. India
- 9.4.11.1. India Banking system software market, 2017 - 2030
- 9.4.11.2. India Banking system software market, by software, 2017 - 2030
- 9.4.11.3. India Banking system software market, by services, 2017 - 2030
- 9.4.11.4. India Banking system software market, by deployment, 2017 - 2030
- 9.4.11.5. India Banking system software market, by operating system, 2017 - 2030
- 9.4.11.6. India Banking system software market, by enterprise size, 2017 - 2030
- 9.4.11.7. India Banking system software market, by application, 2017 - 2030
- 9.4.12. South Korea
- 9.4.12.1. South Korea Banking system software market, 2017 - 2030
- 9.4.12.2. South Korea Banking system software market, by software, 2017 - 2030
- 9.4.12.3. South Korea Banking system software market, by services, 2017 - 2030
- 9.4.12.4. South Korea Banking system software market, by deployment, 2017 - 2030
- 9.4.12.5. South Korea Banking system software market, by operating system, 2017 - 2030
- 9.4.12.6. South Korea Banking system software market, by enterprise size, 2017 - 2030
- 9.4.12.7. South Korea Banking system software market, by application, 2017 - 2030
- 9.5. Latin America
- 9.5.1. Latin America Banking system software market, 2017 - 2030
- 9.5.2. Latin America Banking system software market, by software, 2017 - 2030
- 9.5.3. Latin America Banking system software market, by services, 2017 - 2030
- 9.5.4. Latin America Banking system software market, by deployment, 2017 - 2030
- 9.5.5. Latin America Banking system software market, by operating system, 2017 - 2030
- 9.5.6. Latin America Banking system software market, by enterprise size, 2017 - 2030
- 9.5.7. Latin America Banking system software market, by application, 2017 - 2030
- 9.5.8. Brazil
- 9.5.8.1. Brazil Banking system software market, 2017 - 2030
- 9.5.8.2. Brazil Banking system software market, by software, 2017 - 2030
- 9.5.8.3. Brazil Banking system software market, by services, 2017 - 2030
- 9.5.8.4. Brazil Banking system software market, by deployment, 2017 - 2030
- 9.5.8.5. Brazil Banking system software market, by operating system, 2017 - 2030
- 9.5.8.6. Brazil Banking system software market, by enterprise size, 2017 - 2030
- 9.5.8.7. Brazil Banking system software market, by application, 2017 - 2030
- 9.5.9. Mexico
- 9.5.9.1. Mexico Banking system software market, 2017 - 2030
- 9.5.9.2. Mexico Banking system software market, by software, 2017 - 2030
- 9.5.9.3. Mexico Banking system software market, by services, 2017 - 2030
- 9.5.9.4. Mexico Banking system software market, by deployment, 2017 - 2030
- 9.5.9.5. Mexico Banking system software market, by operating system, 2017 - 2030
- 9.5.9.6. Mexico Banking system software market, by enterprise size, 2017 - 2030
- 9.5.9.7. Mexico Banking system software market, by application, 2017 - 2030
- 9.6. MEA
- 9.6.1. MEA Banking system software market, 2017 - 2030
- 9.6.2. MEA Banking system software market, by software, 2017 - 2030
- 9.6.3. MEA Banking system software market, by services, 2017 - 2030
- 9.6.4. MEA Banking system software market, by deployment, 2017 - 2030
- 9.6.5. MEA Banking system software market, by operating system, 2017 - 2030
- 9.6.6. MEA Banking system software market, by enterprise size, 2017 - 2030
- 9.6.7. MEA Banking system software market, by application, 2017 - 2030
- 9.6.8. Saudi Arabia
- 9.6.8.1. Saudi Arabia Banking system software market, 2017 - 2030
- 9.6.8.2. Saudi Arabia Banking system software market, by software, 2017 - 2030
- 9.6.8.3. Saudi Arabia Banking system software market, by services, 2017 - 2030
- 9.6.8.4. Saudi Arabia Banking system software market, by deployment, 2017 - 2030
- 9.6.8.5. Saudi Arabia Banking system software market, by operating system, 2017 - 2030
- 9.6.8.6. Saudi Arabia Banking system software market, by enterprise size, 2017 - 2030
- 9.6.8.7. Saudi Arabia Banking system software market, by application, 2017 - 2030
- 9.6.9. UAE
- 9.6.9.1. UAE Banking system software market, 2017 - 2030
- 9.6.9.2. UAE Banking system software market, by software, 2017 - 2030
- 9.6.9.3. UAE Banking system software market, by services, 2017 - 2030
- 9.6.9.4. UAE Banking system software market, by deployment, 2017 - 2030
- 9.6.9.5. UAE Banking system software market, by operating system, 2017 - 2030
- 9.6.9.6. UAE Banking system software market, by enterprise size, 2017 - 2030
- 9.6.9.7. UAE Banking system software market, by application, 2017 - 2030
Chapter 10 Competitive Landscape
- 10.1. Company Categorization/Position Analysis, 2022
- 10.2. Key Company Market Share Analysis, 2022
- 10.3. Strategic Mapping
- 10.3.1. Expansion
- 10.3.2. Acquisition
- 10.3.3. Collaborations
- 10.3.4. Product/service launch
- 10.3.5. Partnerships
- 10.3.6. Others
- 10.4. Key Market Participants (Overview, Financials, Product Portfolio)
- 10.4.1. Microsoft Corporation
- 10.4.2. International Business Machines (IBM) Corporation
- 10.4.3. Finastra
- 10.4.4. Fidelity National Information Services, Inc.
- 10.4.5. Fiserv, Inc.
- 10.4.6. SAP SE
- 10.4.7. Oracle Corporation
- 10.4.8. Infosys Limited
- 10.4.9. TATA Consultancy Services Limited
- 10.4.10. Salesforce, Inc.