Banks with aging systems find they are simply incapable of supporting today’s business processes, new modes of doing business, and the need for customer-centricity. For most banks, these requirements place pressure on the evaluation and build-out of their core banking functions. While the drive to overhaul systems is strong, a number of banks are feeling the sting of their decisions. The solution comprises many modules supporting mission-critical banking operations, including retail, treasury, private banking, back office operations, risk management, and trading. The system is centered on the bank’s core customer information and provides extensive risk monitoring and settlement capabilities as well as statutory reporting, and its own fully integrated general ledger.
This report contains market size and forecasts of Banking Software Solutions in Global, including the following market information:
Global Banking Software Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Banking Software Solutions market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Banking Software Solutions include Temenos, Mambu, Backbase, Oracle FLEXCUBE, Finacle, Finastra, Fisa Group, Q2eBanking and Profile Software, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Banking Software Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Banking Software Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Banking Software Solutions Market Segment Percentages, by Type, 2021 (%)
Cloud-based
On-Premise
Global Banking Software Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Banking Software Solutions Market Segment Percentages, by Application, 2021 (%)
Wholesale Banking Systems
Commercial Banking Systems
Global Banking Software Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Banking Software Solutions Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Banking Software Solutions revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Banking Software Solutions revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Temenos
Mambu
Backbase
Oracle FLEXCUBE
Finacle
Finastra
Fisa Group
Q2eBanking
Profile Software
CSI NuPoint
Data Center Inc
FPS GOLD