Future Market Insights has carefully crafted a report titled ‘Core Banking Solution Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’. The primary objective of this research report is to highlight different scenarios such as drivers, restraints, opportunities, and trends that have influence the core banking solution market – both directly and indirectly. The market dynamics have been closely observed since the year 2012 and the study has been presented in a systematic format to allow the reader to understanding the volatile scenario in the core banking solution market across different regions.
Banks have a commanding position in the core banking solutions market and are poised to gain massive BPS over the course of the forecast period. The banks segment is expected to have a value of just under US$ 7.6 billion in 2017 and exhibit the highest market attractiveness of 5.0 for the period from 2017 to 2027. The financial institution segment is roughly half the size of banks in the core banking solutions market. Nonetheless, a CAGR of 4.6% from 2017 to 2027 makes it unwise to ignore financial institutions entirely in the core banking solutions market.
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Component – Software Dominates Services Component in Core Banking Solution Market
The software component is larger than its service counterpart in the core banking solution market and is expected to gain significant BPS over the duration of the study. The software segment may well be worth US$ 65 billion by the year 2027 and see steady revenue growth throughout the decade.
Competition Dashboard in the Core Banking Solution Market
Future Market Insights has profiled some of the players in the core banking solution market. The companies are SAP SE, Oracle Corporation, Infosys Limited, FIS (Fidelity Information Services), Tata Consultancy Services Private Limited, Misys, HCL Technologies Limited, Temenos Group AG, Capgemini, Infrasoft Technologies Ltd., IBM Corporation, Nelito Systems Ltd., COBISCORP, and Wipro Limited.
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Core Banking Solution Market Taxonomy
End User
- Banks
- Financial Institution
- Others
Component
- Software
- Services
North America and Europe have Well-Developed Financial Infrastructure:
North America and Europe have a robust financial infrastructure in place with New York and London being the global capitals of financial transactions. The Western Europe banks segment is anticipated to have a value of almost US$ 3 billion by end 2027 that should make it roughly twice the size of financial institutions at that time. A similar potential exists in the North America banks segment as is it predicted to push past US$ 3.1 billion in end 2027.
Key Takeaways
Key stakeholders in the core banking solution market would do well to focus their attention on emerging economies such as India whose governments are aggressively courting foreign direct investment and offering ample untapped opportunities. Increasing the footprint by expanding in emerging economies is naturally increasing the bank’s customer base and core banking solution vendors must provide accurate and fully featured products that enable banks to handle skyrocketing customer data coupled with banking operations. Furthermore, financial institutions and large banks have flown the globalization wave and now offer 24/7 availability to their customers. Core banking solution providers can be beneficiaries of this by delivering one-stop centralized solutions that monitor the bank’s global network along with ensuring anytime, anywhere customer accessibility.
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Table Of Content:
1. Executive Summary
2. Market Introduction
3. Market View Point
4. Global Market Analysis 2012–2016 and Forecast 2017–2027
5. North America Diffractive Optical Elements Market Analysis 2012–2016 and Forecast 2017–2027
6. Western Europe Diffractive Optical Elements Market Analysis 2012–2016 and Forecast 2017–2027
7. Eastern Europe Diffractive Optical Elements Market Analysis 2012–2016 and Forecast 2017–2027
8. Latin America Diffractive Optical Elements Market Analysis 2012–2016 and Forecast 2017–2027
9. Asia Pacific Excluding Japan (APEJ) Diffractive Optical Elements Market Analysis 2012–2016 and Forecast 2017–2027
10. Japan Diffractive Optical Elements Market Analysis 2012–2016 and Forecast 2017–2027