Core Banking Solutions Market

Core Banking Solution Market: Banks End User Segment to Lead in Terms of Value Share Throughout the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

  • 2017-10-25
  • REP-GB-3395
  • 306 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Core Banking Solutions Market

This study offers a comprehensive, 360 degree analysis on the Core Banking Solutions market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Core Banking Solutions market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Branch Less Banking to Impact Core Banking Solution Market

It is quite challenging for banks in emerging economies to establish a physical presence to cater to the immense needs of an underserved populations in rural areas. Branch less banking offers a good solution to this predicament and banks have invested in mobile banking, net banking, and email banking to be available to any customers with the tap of a button. Banks are now able to tap customers in far-flung rural areas and thereby increase banking frequency. There is a strong likelihood of some customers avoiding the use of banks because of the difficulties faced in terms of travel and time with branch based transactions. Therefore, banks are providing their customers ample choice and easy access via smartphones and companies involved in the core banking solutions market should take this into account.

Banks Dominate the Core Banking Solution Market by End Users

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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Banks Focussing on Consumer Analytics to Foster Loyalty

Nowadays, banks have begun to prioritize customer behavioural analysis through big data. This is one of the biggest trends in the core banking solutions market and customer data analytics is essentially studying the customer’s data provided to the respective bank. Customer data analytics functions as the base for modifying the core banking solution to cater to changing customer requirements. Key stakeholders in the core banking solutions market are trying to develop new and innovative technologies that increase their customer base while entrenching loyalty amongst the current ones, primarily by way of exhaustive consumer analytics.

Customer Satisfaction and Retention Critical in Core Banking Solution Market

As a result of cutthroat competition in the banking sector, retail banks now face the challenge of customer retention and core banking solutions are the link between banks and their customers in ensuring this is addressed. Core banking solutions allow banks to perform an effective customer analysis while simultaneously enabling customers to carry out their usual banking transactions. Customer satisfaction is improved with the core banking solutions and the latter go a long way in reducing customer effort.

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.

Through a comprehensive fact-based approach, 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. Furthermore, the report focuses on future market projections that give an idea of the growth prospects that await key stakeholders in the core banking solution market. The forecast period is for ten years and ends in 2027.

Core Banking Solution Market Taxonomy

End User

Component

Region

  • Banks

  • Financial Institution

  • Others

  • Software

  • Services

  • North America

  • Western Europe

  • Eastern Europe

  • Latin America

  • APEJ

  • Japan

  • MEA

Holistic, Complete Approach

The core banking solution market report has a 360o perspective with important geographic regions examined for trends and developments that are region-specific and impact the core banking solution market. This complete approach is extremely helpful in assisting the reader gain crucial information with respect to the entire core banking solution market and this includes all market segments. Several revenue pockets can be pinpointed with this research study and the regions with the highest growth potential in the core banking solution market can be targeted. In addition, the global analysis is conducted without a bias of any sort, making the report an authoritative source on the core banking solution market that can be relied upon.

Unique Research Methodology – X Factor of Future Market Insights

The research methodology deployed by Future Market Insights is one of a kind and is invaluable in gathering critical insights of the core banking solution market. The research methodology is underpinned by solid primary as well as secondary research. Secondary research is important to gain an in-depth knowledge of the core banking solution market with emphasis on the major players. Simultaneously, the primary research is carried out with industry experts, market observers, and opinion leaders to cross-verify all the data gleaned from the secondary research. The statistical data is then thoroughly verified in a multi-stage process till the research report is completed. These verification funnels allow our experts to deliver a research report of the highest quality, enabling key stakeholders to gain a true picture of the core banking solution market.

Competitive Landscape for SWOT Analysis

There is a dedication section in the report highlighting the competitive landscape in the core banking solution market. Companies have been studied on the basis of a product and general overview, financial ratios, and recent developments. Thus, the reader can get a firm grasp on the competitive scenario in the core banking solution market and devise their strategies accordingly.

Report Summary

This report provides expert recommendations coupled with statistical analysis to gain stability and improve market position within the core banking solution market. All the information has been given in an easy-to-understand, logical format for the readers’ benefit.

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