Third-party Banking Software Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
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Aug 20, 2024
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About This Presentation
The global third-party banking software market size reached US$ 28.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 54.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.
More Info:- https://www.imarcgroup.com/third-party-banking-software-mark...
The global third-party banking software market size reached US$ 28.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 54.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.
More Info:- https://www.imarcgroup.com/third-party-banking-software-market
About IMARC Group International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Report Highlight and Description According to the latest report by IMARC Group, titled "Third-party Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global third-party banking software market size reached US$ 28.9 Billion in 2023. The third-party banking software serves as a multi-channel banking, core banking, private wealth management, and business intelligence software solution. It is a highly customized and integrated software that performs and provides end-to-end omnichannel management of several banking operations. Commercial, retail, and trading banks primarily utilize it to improve their currency exchange network and optimize their operations. Apart from this, the software aids in reducing operational costs, minimizing losses due to human intervention, enhancing operational flexibility by understanding evolving customer demands, and providing banks with a strategic advantage over other financial institutions. Request for a PDF sample of this report: https://www.imarcgroup.com/third-party-banking-software-market/requestsample
Report Description Global Third-party Banking Software Market Trends : The widespread adoption of customer-centric core strategies, along with the rising need to improve productivity and operational efficiency in the banking sector is majorly driving the third-party banking software market growth. Additionally, the increasing utilization of digital payment solutions and the incorporation of big data analytics into third-party banking software to process large amounts of data for making accurate business decisions and identify market trends are catalyzing the market growth. In line with this, the surging partnerships between regulated financial institutions and alternative financial companies are acting as another growth-inducing factor. Due to the proliferation of smartphones, consumers are increasing shifting toward computerized accounting for bookkeeping and monetary transactions. This, in turn, is facilitating the demand for sophisticated, risk-free, compliant, and data-driven software, like third-party banking software, which is creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 7.2% during 2024-2032. View Report TOC, Figures and Tables : https://www.imarcgroup.com/third-party-banking-software-market
Report Segmentation Breakup by Product: Core Banking Software Multi-Channel Banking Software Business Intelligence Software Others Breakup by Deployment Type: On-premises Cloud-based Breakup by Application: Risk Management Information Security Business Intelligence
Report Segmentation Others Breakup by End-User: Commercial Banks Retail and Trading Banks Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa
Competitive Landscape with Key Players Accenture Capgemini Deltek IBM Infosys Microsoft Corporation NetSuite Inc. Oracle Corporation SAP SE Tata Consultancy Services
Key Questions Answered in the Report
Key Questions Answered in the Report
Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Third-party Banking Software Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product 6.1 Core Banking Software 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Multi-Channel Banking Software 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Business Intelligence Software 6.3.1 Market Trends 6.3.2 Market Forecast