Core banking system is a network between different bank branches that helps clients to monitor their finances and access range of financial services from anywhere around the world.
Furthermore, banks and FinTech industries are adopting application of information technology (IT) to improve its sustainability and development of the organization and the banking industry. Core banking technology provides solutions to meet rapidly evolving business demands, improve bank transaction performance, provides remote access and customer satisfaction. In addition, technology lets banks standardize procedures, reduce delays, enhance compliance and reporting, and provide easy access to their customers.
This report contains market size and forecasts of Retail Core Banking Solutions in Global, including the following market information:
Global Retail Core Banking Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Retail Core Banking Solutions market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Software Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Retail Core Banking Solutions include Oracle Corporation, Temenos AG, Fiserv Inc., Finastra, TATA Consultancy Services Limited, Fidelity National Information Services Inc., Jack Henry & Associates Inc., SAP SE and Asseco Poland SA and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Retail Core Banking Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Retail Core Banking Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Retail Core Banking Solutions Market Segment Percentages, by Type, 2021 (%)
Software
Service
Global Retail Core Banking Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Retail Core Banking Solutions Market Segment Percentages, by Application, 2021 (%)
Large Enterprises
Small & Medium Enterprises (SMEs)
Global Retail Core Banking Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Retail Core Banking Solutions Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Retail Core Banking Solutions revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Retail Core Banking Solutions revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Oracle Corporation
Temenos AG
Fiserv Inc.
Finastra
TATA Consultancy Services Limited
Fidelity National Information Services Inc.
Jack Henry & Associates Inc.
SAP SE
Asseco Poland SA
Silverlake Axis Ltd