NEW YORK, Jan. 14, 2022 /PRNewswire/ — The “Third-party Banking Software Market – Competitive Analysis, Drivers, Challenges & Five Force Analysis” report has been added to Technavio’s offering. 33% of the market’s growth will originate from Europe during the forecast period. UK, Germany, and France are the key markets for third-party banking software in Europe. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South American regions. The growth in the banking industry will facilitate the third-party banking software market growth in Europe over the forecast period. The third-party banking software market is estimated to grow by USD 3.04 billion from 2020 to 2025. However, the growth momentum is likely to decelerate a CAGR of 10% as per the latest market report by Technavio.
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Market Dynamics
Factors such as the growing use of digital payment solutions are notably driving the third-party banking software market growth. However, the factors such as issues related to data privacy and security may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The third-party banking software market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Company Profiles
The third-party banking software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The third-party banking software market report includes information on the product launches, sustainability, and prospects of leading vendors including Accenture Plc, Capgemini Services SAS, Fidelity National Information Services Inc., Fiserv Inc., Infosys Ltd., International Business Machines Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., and Temenos AG.
Few Companies with Key Offerings
- Accenture Plc – The company develops and provides software for core banking.
- Capgemini Services SAS – The company develops and provides software for core banking through its application services business segment.
- Fidelity National Information Services Inc. – The company offers FIS Suite, it is a comprehensive, end-to-end, agile, and component core banking solution, aimed at meeting all the needs of banking organizations.
- Fiserv Inc – The company offers Agiliti and Cleartouch. Agiliti is a cloud-based and complete core banking suite that is an end-to-end, feature-rich, and multi-channel software infrastructure solution. Cleartouch is an integrated, online, real-time bank platform that delivers advanced business analytics for banking organizations.
- Infosys Ltd – The company offers third-party banking software through the Financial Services segment.
Competitive Analysis
The competitive scenario provided in the third-party banking software report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By End-user, the market is classified into retail users and corporate users.
- By Deployment, the market is classified into on-premises and cloud-based.
- By Application, the market is classified into core banking software, asset and wealth management software, and other banking software.
- By Geography, the market is classified as Europe, North America, APAC, South America, and MEA.
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About Us
Third-party Banking Software Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Decelerate at a CAGR of 10%
Market growth 2021-2025
USD 3.04 billion
Market structure
Fragmented
YoY growth (%)
7.52
Regional analysis
Europe, North America, APAC, South America, and MEA
Performing market contribution
Europe at 33%
Key consumer countries
US, UK, China, Germany, France, and Japan
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Accenture Plc, Capgemini Services SAS, Fidelity National Information Services Inc., Fiserv Inc., Infosys Ltd., International Business Machines Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., and Temenos AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/
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SOURCE Technavio
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