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Global Core Banking Solutions Market Forecast to 2030 - COVID-19 Impact and Analysis by Component (Solution and Service); Deployment (On-Premise and Cloud); Enterprise Size (Large Enterprises and SMEs); End-user (Banks, Financial Institutions, and Others); and Geography

  • Industry : Information & Communication Technology
  • No. of Pages : 190
  • Report Code : YVICT10329

Global Core Banking Solutions Market Introduction

The core banking solutions (CBS) is a centralized system that is responsible for ensuring seamless workflow by automating backend and frontend processes. It involves the processing of banking transactions across various branches of a bank on a single platform. Core banking solutions provide customers with access to banking facilities from any bank branch, processing deposits & withdrawals, transactions management, and enhancing customer relationship management activities. Additionally, it helps banks and financial institutions in reducing operational & support expenses, manage bank accounts using interconnected branches, and provide real-time transaction processing. Thereby, the rising demand for such solutions is anticipating in the growth of the core banking solutions market. Moreover, the rise in mergers & acquisitions (M&A) among banks coupled with the increase in use & adoption of online and digitalized financial services across the globe is also boosting the demand for the core banking solutions market. However, huge maintenance costs and a shortage of skilled workforce may hamper the market demand up to a certain level. Increasing customer demand for advanced banking technologies and growing focus on reducing manual work and increasing operational efficiency is expected to provide ample growth opportunities for the core banking solutions market in the coming years.

Global Core Banking Solutions Market Overview

The global core banking solutions market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The core banking solutions market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global core banking solutions market over the long as well as short period of time. Furthermore, the global core banking solutions market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.


Global Core Banking Solutions Market Insights

The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global core banking solutions market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.

Market Mapping

Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the core banking solutions market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.


COVID-19 Impact on Global Core Banking Solutions Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global core banking solutions market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to the COVID-19 pandemic

Global Core Banking Solutions Market Segmentation


 Global Core Banking Solutions Market – by Component

·        Solution

o   Enterprise Customer Solutions

o   Deposits

o   Loans

o   Others

·        Service

Global Core Banking Solutions Market – by Deployment

·       On-Premise

·       Cloud

Global Core Banking Solutions Market – by Enterprise Size

·       Large Enterprises

·       SMEs

Global Core Banking Solutions Market – by End-user

·       Banks

·       Financial Institutions

·       Others

Global Core Banking Solutions Market – by Geography

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      Capgemini SE

2.      Capital Banking Solutions

3.      Chetu Inc

4.      Finastra 

5.      FIS

6.      Fiserv, Inc.

7.      HCL Technologies Limited

8.      Infosys Limited

9.      Jack Henry & Associates, Inc.

10.   NCR Corporation

11.   Oracle Corporation

12.   SAP SE

13.   Tata Consultancy Services Limited

14.   Temenos Headquarters SA

15.   Unisys

Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the core banking solutions market.


Key Questions Answered

·        Which region provides more business opportunities for the global core banking solutions market in the upcoming years?

·        Who is the leading overall core banking solutions market, and what strategies have been adopted by them?

·        Which segment accounted for the largest core banking solutions market share?

·        What are the upcoming trends in the global core banking solutions market? What impact would these trends make in the coming years for the core banking solutions market?

·        Which player offering the best product range for the global core banking solutions market?

Key Benefits for Stakeholders

·        This study presents the analytical description of the core banking solutions market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete core banking solutions market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, opportunities, and trends of the global core banking solutions market with thorough impact analysis

·        The global core banking solutions market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the global core banking solutions market

·        Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global core banking solutions market

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