Banking Software Market is valued USD XXX billion in 2017 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
As per the new research study conducted by Report Ocean, Banking Software Market industry is poised to raise USD XXX billion by 2025. Growing acceptance of customer-centric banking and rising need to enhance operational efficiency & productivity of the banking industry are the major factors which are driving the growth in the Global Banking Software Market. However, high costs involved in shifting to new automated systems from legacy systems and concerns associated with the data security hamper the market growth.
Banking software is used by the banks for connecting an interbank network and to the other software. It is used by the Trading banks and Retail banks to reorganize their operations. Growing adoption of mobile phones is a major cause in the growth of banking software market. The rise in mobile phone users has created new ways for banking software market. With the growing use of the internet, the adoption of mobile banking and online banking among the consumers is increasing, which indicates the leaning of people towards the use of smartphones and laptops to perform financial activities and that is expected to boost the market in the near future. Moreover, increasing requirement for standardized activities is also aiding the growth in the global banking software market. The growing trend of patch management is anticipated to boost the market in the near future.
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Banking Software Market Size study, by Type (Core Banking Software, Multi-Channel Banking Software, BI Software), by Application (Risk Management, Information Security, Business Intelligence) and Regional Forecasts 2018-2025 the industry is seeming to be fairly competitive.
The leading Market players mainly include-
- Tata Consultancy Services Limited
- Infosys Limited
- Deltec, Inc
- Temenos Group
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2017.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Report Ocean has considered following segments for the study:
- Core Banking Software
- Multi-Channel Banking Software
- BI Software
- Private Wealth Management Software
- Risk Management
- Information Security
- Business Intelligence
- Training and Consulting Solutions
- North America
- Asia Pacific
- Latin America
- Rest of the World
For more information about this report visit https://www.reportocean.com/industry-verticals/sample-request?report_id=16464
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