Third-Party Banking Software Market Size to Grow by USD 3.04 Bn| 33% of the growth to originate from Europe| Technavio

Vendor Insights 

Third-Party Banking Software Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market 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.
• Temenos AG 

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

Europe will provide maximum growth opportunities in Third-Party Banking Software Market during the forecast period. According to our research report, the region will contribute 33% of the global market growth and is expected to dominate the market through 2025. The banking industry's growth will help the third-party banking software market growth in Europe.

Furthermore, countries such as the US, UK, China, Germany, France, and Japan are expected to emerge as prominent markets for Third-Party Banking Software Market during the forecast period. 

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Key Segment Analysis

During the projected period, the retail users segment will raise its market share of third-party banking software significantly. Banks and other financial institutions are focused on developing more secure websites and software applications to meet the needs of retail customers, which is expected to be a major driver of the rise of third-party banking software adoption among retail users. With the introduction of mobile banking platforms and e-wallets, time-crunched modern clients have begun to prefer online transactions such as payments made through websites or mobile apps.

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Key Market Drivers & Challenges: 

The increased use of digital payment solutions is one of the major drivers of the third-party banking software market. By 2030, digital payments are predicted to account for over 90% of all money spent in Canada. As a result, numerous financial companies throughout the world are offering digital payment solutions in order to improve day-to-day processes and obtain a competitive advantage over their competitors. This is incentivizing other businesses in the sector to include digital payment options in their product offerings.

However, data privacy and security issues will be a major challenge for the third-party banking software market.

Download a free sample for highlights on market Drivers & Challenges affecting the Third-Party Banking Software Market. 

Third-party Banking Software Market Value Chain Analysis

In order to optimize profit margins and evaluate business plans, an end-to-end understanding of value chains is required. During the projected period, the data in our value chain analysis segment can assist vendors to reduce costs and improving customer service.

The value chain includes the following core components:

• Inputs
• Software development process
• Marketing and distribution
• Innovation

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Core banking software - Market size and forecast 2020-2025
• Asset and wealth management software - Market size and forecast 2020-2025
• Other banking software - Market size and forecast 2020-2025
• Market opportunity by Application

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Retail users - Market size and forecast 2020-2025
• Corporate users - Market size and forecast 2020-2025
• Market opportunity by End-user

Market Segmentation by Deployment

• Market segments
• Comparison by Deployment
• On-premises - Market size and forecast 2020-2025
• Cloud-based - Market size and forecast 2020-2025
• Market opportunity by Deployment

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• APAC - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.
• Temenos AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us: 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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SOURCE Technavio