Global Banking System Software Market – Industry Analysis and Forecast (2018-2026)
Global Banking System Software Market size was US$ 25.20 Bn in 2017 and expected to reach US$ 40.09 Bn by 2026, at a CAGR of 5.98 % during forecast period.Global Banking System Software Market Banking system software market is segmented by type, application, and region. On basis of type banking system software market is segmented into core banking software, multi-channel banking software, bi software, and private wealth management software. Application segment is divided by risk management, information security, business intelligence, training, and consulting solutions. Geographically, banking system software market is spread by North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Increasing implementation of online banking and mobile banking by customers which appearances high level of inclination towards accessing their account details and perform financial actions by digital platform driving the demands for banking system software. The customer can use their laptops, smartphones, tablets and emerging trends such as patch management are expected to provide numerous opportunities banking system software market growth. Banking system software market is driven by rising necessity to increase productivity and operational efficiency of the banking industry. Furthermore, Concerns regarding information security and high costs of moving from legacy systems to the new automated systems limits the growth of this market.
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Mobile Terminal Segment represented the major share in the global banking system software market owing to its high prevalence in the global market. The increase in cell phone purchasers has basically determined the market for mobile banking software. Advances in digital technology have offered countless channels for customer interaction. Customer interaction via digital channels is generating beneficial transactional data. Mobile banking has been increasing with the growing number of smartphone owners with a bank account.
North America is projected to be the dominant region on account of the prevalent banking sector and high attentiveness of online banking. North America Market is followed by Asia-Pacific mainly on a result of the government initiatives in the banking industry. Remarkable demand is witnessed by developing nations such as India and China are accounted for the development of private and rural banking.
Key profiled and analyzed
Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Limited., Infosys Limited, Capgemini, Accenture., NetSuite Inc., and Deltek, Inc., Millennium Information Solution Ltd., Strategic Information Technology Ltd., Aspekt, Automated Workflow Pvt. Ltd, Canopus EpaySuite, Cashbook, CoBIS Microfinance Software, Probanx Information Systems, Megasol Technologies, EBANQ Holdings BV, Kapowai, Crystal Clear Software Ltd., Infrasoft Technologies Ltd., Misys, Banking.Systems, ABBA d.o.o., SecurePaymentz, TEMENOS Headquarters SA.
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The scope of Global Banking System Software Market
Global Banking System Software Market, by Type
• Windows
• Android
• iOS
Global Banking System Software Market, by Application
• PC
• Mobile Terminal
Global Banking System Software Market, by Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Global Banking System Software Market
• Microsoft Corporation
• IBM Corporation
• Oracle Corporation
• SAP SE
• Tata Consultancy Services Limited.
• Infosys Limited
• Capgemini
• Accenture.
• NetSuite Inc.
• Deltek, Inc.
• Millennium Information Solution Ltd.
• Strategic Information Technology Ltd.
• Aspekt
• Automated Workflow Pvt. Ltd
• Canopus EpaySuite
• Cashbook
MAJOR TOC OF THE REPORT
Chapter One: Banking System Software Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Banking System Software Market Competition, by Players
Chapter Four: Global Banking System Software Market Size by Regions
Chapter Five: North America Banking System Software Revenue by Countries
Chapter Six: Europe Banking System Software Revenue by Countries
Chapter Seven: Asia-Pacific Banking System Software Revenue by Countries
Chapter Eight: South America Banking System Software Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Banking System Software by Countries
Chapter Ten: Global Banking System Software Market Segment by Type
Chapter Eleven: Global Banking System Software Market Segment by Application
Chapter Twelve: Global Banking System Software Market Size Forecast (2019-2026)
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