Third-party banking software market expected to grow by USD 3.04 billion from 2020 to 2025
NEW YORK, January 14, 2022 /PRNewswire/ — The “Third Party Banking Software Market – Competitive Analysis, Drivers, Challenges and Five Forces Analysisreport has been added to Technavio’s offering. 33% of market growth will come from Europe during the forecast period. UK, Germany and France are the leading markets for third-party banking software in Europe. The market growth in this region will be slower than the market growth in APAC, MEA and South America regions. Growth in the banking sector will facilitate the growth of the third-party banking software market by Europe over the forecast period. The third-party banking software market is expected to grow by $3.04 billion from 2020 to 2025. However, the growth momentum is expected to slow 10% CAGR according to Technavio’s latest market report.
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Market dynamics
Factors such as the growing use of digital payment solutions are notably driving the growth of the third-party banking software market. However, factors such as privacy and data security issues may hamper market growth. Holistic analysis of drivers and challenges will help infer end goals and refine marketing strategies to gain competitive advantage. The Third-Party Banking Software Market analysis report also provides in-depth information on other upcoming trends which will have a tremendous effect on market growth.
Company Profiles
The third-party banking software market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market. The Third-Party Banking Software Market report includes information on product launches, sustainability and outlook of major 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 offers
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Accenture SA – The company develops and provides software for basic banking services.
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Capgemini Services SAS – The Company develops and provides software for basic banking services through its application services business segment.
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Fidelity National Information Services Inc. – The company offers FIS Suite, it is a complete, end-to-end, agile and component basic banking solution, aimed at meeting all the needs of banking organizations.
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Fiserv Inc – The company offers Agiliti and Cleartouch. Agiliti is a comprehensive, cloud-based core banking suite that is an end-to-end, feature-rich, multi-channel software infrastructure solution. Cleartouch is an integrated, online, real-time banking platform that provides advanced business analytics to banking organizations.
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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 taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc.
Market segmentation
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Through Final user, the market is categorized into retail users and enterprises.
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Through Deployment, the market is categorized into on-premises and cloud-based.
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Through Application, the market is categorized into basic banking software, asset and wealth management software, and other banking software.
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Through Geography, the market is classified as Europe, North America, APAC, South Americaand MEA.
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Third Party Banking Software Market Scope |
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Report cover |
Details |
Page number |
120 |
Year of reference |
2020 |
Forecast period |
2021-2025 |
Growth momentum and CAGR |
Decelerate at 10% CAGR |
Market Growth 2021-2025 |
$3.04 billion |
Market structure |
Fragmented |
Annual growth (%) |
7.52 |
Regional analysis |
Europe, North America, APAC, South America and MEA |
Successful market contribution |
Europe at 33% |
Main consumer countries |
United States, United Kingdom, China, Germany, France and Japan |
Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
Profiled companies |
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 |
Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period, |
Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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