Core Banking Solutions Market is Expected to Reach $28.78 Billion by 2027

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2. Core Banking Solutions Market With an unprecedented COVID-19 health crisis, surge in digitization initiatives among banks, financial institutions, and others has increased tremendously. In addition, the COVID-19 has enforced several end use verticals to re-look at the existing core banking technology architecture and sustain in the market during the pandemic situation. Aarti Goswami, Pramod Borasi , Vineet KumarLead Analyst, IT in BFSI Download PDF Sample

3. Core Banking Solutions Market Increase in adoption of core banking technologies to modernize banking functionality and increase in focus toward providing better customer services are major factors that propel the core banking solutions market growth. However, lack of awareness toward core banking solutions, huge maintenance costs, and shortage of skilled workforce are some of the factors that limit the market growth.  According to a recent report published by Allied Market Research, titled, “Core banking solutions Market by Component, Deployment Model, Enterprise Size, Type, and End User: Opportunity Analysis and Industry Forecast, 2020-2027,” the global core banking solutions industry size was valued at $9.85 billion in 2019, and is projected to reach $28.78 billion by 2027, growing at a CAGR of 14.6% from 2020 to 2027. Download PDF Sample

4. Core Banking Solutions Market The core banking solutions market is segmented on the basis of of component, deployment model, enterprise size, type, end user, and region. On the basis of component, the market is bifurcated into solution and service. In terms of deployment model, it is divided into on-premise and cloud. Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises (SMEs). By type, it is segmented into enterprise customer solutions, loans, deposits, and others. On the basis of end user, the market is segmented into banks, credit unions & community banks, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Download PDF Sample

5. Core Banking Solutions Market • Top impacting factors : • Surge in adoption of core banking technology • Huge maintenance cost & shortage of skilled workforce  • Growth in mergers & acquisitions among banks & financial institutions across regions • Key findings of the study • By deployment model, the on-premise segment led the UAE core banking solutions market size, in terms of revenue in 2019. • By end user, the banks segment accounted for the highest UAE core banking solutions market share in 2019. • By solution type, the enterprise customer solutions segment generated the highest revenue in 2019. Download PDF Sample

6. Core Banking Solutions Market MajorCompanies: The key players profiled in the core banking solutions market analysis are Capital Banking Solutions, EdgeVerve Systems Limited, Finastra, FIS, Fiserv, Inc., NCR Corporation, Oracle, SAP SE, Tata Consultancy Services Limited, and Temenos Headquarters SA. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Download PDF Sample

7. Core Banking Solutions Market Contact: DavidCorrea 5933 NE Win Sivers Drive #205, Portland, OR 97220 UnitedStates Toll Free(USA/Canada): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong:+852-301-84916 India (Pune): +91-20-66346060 Fax:+1⟨855⟩550-5975 help@alliedmarketresearch.com Web:https://www.alliedmarketresearch.com Download PDF Sample