Global Core Banking Software Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Core Banking Software Market is continuously growing across the world over the coming years.
The major driving factor of global Core Banking Software market are increasing demand for advanced banking technologies and growing need of operating customer accounts for single server. In addition, managing customer account efficiently so that customer can anytime visit in the bank and gain information of their account and increasing adoption of it in bank for centralized management are some other factors which propelling the market growth of core banking software.
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The Core Banking Software Market report answers the following questions:
What is the aim of the report?
- The Core Banking Software Market report presents the estimated Core Banking Software Market size of Core Banking Software Market by the end of forecast period. Additionally, the historical and current Core Banking Software Market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Core Banking Software Market based on geographical scope, Core Banking Software Market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Core Banking Software Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of the Core Banking Software Market are incorporated in the research report.
- The report analyzes growth rate, Core Banking Software Market size and valuation of the Core Banking Software Market during the forecast period.
The major restraining factor of global Core Banking Software market are lack of awareness among enterprises about modern banking technologies and no synchronization between core banking solution and global industry expectations. Core banking software is that software which is used for recording and managing banks customer transaction made to their account. These software are adopted by number of banks for easy flow of banking activities, enhanced risk management and are able to monitor the transaction activities from any branch of bank. Core banking software offers benefits such as reduce operational costs, minimize human intervention thereby limiting factor, makes the internal staff more competent, facilitates decision making through reporting & analytics, reduction of risks with the help of optimum checks & safety and increases employee efficiency.
The regional analysis of Global Core Banking Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing adoption of advance core banking solution software by prime banks in the region. Europe is also estimating to project a major growth in the global Core Banking Software market due to implementation of core banking solution by banks. Asia-Pacific is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2018-2025 owing to growing awareness among banks to adopt advanced banking technologies in developing countries such as China and India.
The major market player included in this report are:
• SAP SE
• Tata Consultancy Services
• Temenos Group
• HCL Technologies
• Infrasoft Technologies
• Jack Henry & Associates
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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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:
What aspects regarding the regional analysis of Core Banking Software Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future Core Banking Software Market trends, providing information on product usage and consumption.
- The growth rate of the Core Banking Software Market in every region, including their countries over the forecast period is included in the Core Banking Software Market report.
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Core Banking Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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This post was originally published on Trading Herald