Third-Party Banking Software Market Growth, Top Manufacturer Analysis and Forecast to 2025

Posted on 2020-04-17 by researchinsights in Software // 0 Comments

17^th Apr 2020 – Global Third-Party Banking Software Market is expected to grow at a significant CAGR of 8.38% over the forecast period as the scope and its applications are rising enormously across the globe. The banking sector has undergone enormous changes and is shifting focus toward third-party software due to changing customer demands. It can help as a business intelligence software solution, multi-channel banking software, private wealth management software, and core banking software. Trading banks and retail banks use third-party banking software to modernize their operations. Whereas, commercial banks are installing it to connect to a desired interbank network as well as to other modular software.

The factors that are playing a major role in the growth of third-party banking software market are growing demand for standardized activities in the banking sector, rising need to grow operational efficacy and productivity across industries, and growing trend of customer-centric core banking. In addition, growth in consumers using online and mobile banking is another factor that may drive overall market growth in the years to come.

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However, the high cost of software and data security are the factors that may restrain overall market growth in the years to come. Third-party banking software market is segmented based on product type, application, end-user, and region. Private wealth management software, core-banking software, bi software, and multichannel banking software are the product types that could be explored in Third-party banking software in the forecast period.

The market may be categorized based on applications like training and consulting solutions, risk management, business intelligence, information security, and others could be explored in the forecast period. Corporate users, retail users, and other end-users could be explored in third-party banking software in the forecast period. The retail users sector accounted for the significant market share of third-party banking software and is estimated to lead the overall market in the years to come.

Leading Players Analysis

Oracle
SAP
Tata Consultancy Services
Temenos Group
Diasoft Software Solutions
FIS Group
Fiserv
Infosys
Jack Henry & Associates
Misys
Nucleus Software
Polaris Financial Technology
Sopra Banking Software
Sungard Ambit
Path Solutions Key Market Driver

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Market Segment by Regions, this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Third-party Banking Software in these regions, from 2011 to 2021 (forecast), like

North America
China
Europe
Japan
Taiwan
Korea

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