Global Third-party Banking Software Market, 2019-2023: Projected to Record a CAGR of Approx 9%, Driven by the Growing Amount Digital Payments - ResearchAndMarkets.com
The third-party banking software market will register a CAGR of almost 9% by 2023.
The "Global
Third-party Banking Software Market 2019-2023" report has been
added to ResearchAndMarkets.com's offering.
The third-party banking software market will register a CAGR of almost
9% by 2023.
Globally, digital payments are growing continuously in the banking
industry. Hence, various enterprises in the banking industry across the
globe are offering digital payment solutions to improve day-to-day
processes and gain a competitive advantage over their rivals. Therefore,
it is also encouraging other enterprises in this industry to offer
digital payment solutions in their product offerings.
With the growth in such digital payment platforms, the demand for
third-party banking software will also increase, as it will help the
enterprises to manage their digital payment platforms. Therefore, with
the increase in digital payments, the demand for third-party banking
software is also expected to increase during the forecast period.
Increased need for greater customer satisfaction
The enterprises in the banking industry are increasing their geographic
reach by expanding into new regions to increase their customer base.
This will lead to an increase in customer base, due to which enterprises
need to opt for third-party banking software to manage their customers
efficiently and provide better customer service.
Issues related to data privacy and security
Data privacy and security risk are the major barriers for the adoption
of third-party banking software by enterprises in the banking industry.
Since a large volume of financial data of customers is being digitized,
crucial aspects such as security, liability, privacy, and protection of
intellectual property have emerged in the financial services sector to
avoid fraud. Data security and data privacy are major concerns in the
market.
Competitive Landscape
The market appears to be moderately fragmented with the presence of
several vendors. This market research report will help clients identify
new growth opportunities and design unique growth strategies by
providing a comprehensive analysis of the market's competitive landscape
and offering information on the products offered by companies.
Key Players
- FIS
- Fiserv Inc.
- Infosys Limited
- Oracle
- Temenos Headquarters S.A.
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
- Comparison by deployment
- On-premises - Market size and forecast 2018-2023
- Cloud-based - Market size and forecast 2018-2023
- Market opportunity by deployment
PART 07: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Core banking software - Market size and forecast 2018-2023
-
Asset and wealth management software - Market size and forecast
2018-2023 - Other banking software - Market size and forecast 2018-2023
- Market opportunity by application
PART 08: MARKET SEGMENTATION BY END-USER
- Comparison by end-user
- Retail users - Market size and forecast 2018-2023
- Corporate users - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 09: CUSTOMER LANDSCAPE
PART 10: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- FIS
- Fiserv Inc.
- Infosys Limited
- Oracle
- Temenos Headquarters S.A.
For more information about this report visit https://www.researchandmarkets.com/research/7jxrrt/global?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190221005457/en/