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Third-party Banking Software Market Size, Share & Trends Analysis Report by Product Type, by Deployment (On-premise, Cloud), by Application, by End-use (Retail Banks, Commercial Banks), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 130 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5649412
The global third-party banking software market size is expected to reach USD 47.90 billion by 2030, growing at a CAGR of 7.9% from 2022 to 2030, according to this study conducted. The growing prevalence of online banking solutions worldwide to improve customer experience is anticipated to drive the industry expansion. In addition, the rapid shift from paper-based legacy methods to digitized and advanced methods for process standardization is also acting as fuel to the growth.

The strategic partnerships and acquisitions by prominent market players to overcome the problems in the ecosystem, such as reducing the overall risk and enhancement of product offerings, are expected to accentuate the growth. For instance, in June 2022, Kamakura Corporation, situated in the U.S., was bought by SAS Institute, Inc., a global leader in Artificial Intelligence (AI) and analytics. Kamakura Corporation offers specialist software, information, and consultancy to assist financial businesses across the board. The acquisition was an expansion of the already made significant investments in SAS Institute, Inc.’s integrated solutions, and cloud-ready risk management platform.

Moreover, the rapid development in the Banking, Financial Services, and Insurance (BFSI) sector is expected to increase the need for third-party banking software. For instance, in June 2022, the Bank of England granted a full banking license to Kroo, a U.K.-based digital bank. This license has enabled Kroo to offer overdrafts, savings, and loan products in addition to the existing services to its customers.

The outbreak of the COVID-19 pandemic is expected to play a vital role in driving the growth of the third-party banking software market over the forecast period. In the wake of the pandemic, the rising awareness of e-banking and its applications is expected to create opportunities for the market. In line with this, the snowballing of digital payment platforms is expected to raise the demand for third-party banking software hence, fueling the market growth.

Third-party Banking Software Market Report Highlights

  • The wealth management software segment is expected to witness the fastest growth over the forecast period. The rising awareness of managing finances and wealth creation among millennials and Genz is one of the major attributes of the growth
  • The cloud segment is expected to witness the fastest growth over the forecast period. The growth is attributable to several advantages offered by the cloud, such as reduced infrastructure costs and improved flexibility
  • The risk management segment dominated the market in 2021. This dominance is attributable to the fact that banks and financial institutions are continuously looking for ways to mitigate losses and increase profitability
  • The commercial banks segment is expected to grow at the fastest rate. The implementation of strict regulatory compliance by commercial banks to save consumers’ interest is expected to increase the need for the deployment of more secure third-party banking software
  • North America dominated the market over the forecast period. This growth is attributable to the presence of some of the largest players in the region such as International Business Machines Corporation and Microsoft Corporation

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Third-party Banking Software Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Third-party Banking Software Market, 2017 - 2030
2.2.1 Global third-party banking software market, by region, 2017 - 2030
2.2.2 Global third-party banking software market, by product type, 2017 - 2030
2.2.3 Global third-party banking software market, by deployment, 2017 - 2030
2.2.4 Global third-party banking software market, by application, 2017 - 2030
2.2.5 Global third-party banking software market, by end-use, 2017 - 2030
Chapter 3 Third-party Banking Software Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Third-party Banking Software Market - Value Chain Analysis
3.4 Third-party Banking Software Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Development in the BFSI sector
3.4.1.2 Rising prevalence of online banking or e-banking
3.4.2 Market challenge analysis
3.4.2.1 High switching costs
3.5 Penetration and Growth Prospect Mapping
3.6 Third-party Banking Software Market - Porter’s Five Forces Analysis
3.7 Third-party Banking Software Market - PESTEL Analysis
Chapter 4 Investment Landscape Analysis
4.1 Investor Strategies
4.2 Investor Vision & Goal Analysis
4.3 Funding Raised in Voice Assistant Devices
4.4 Investments Made in Self-checkout Stores
Chapter 5 FinTech Industry Highlights
5.1 FinTech Ecosystem Overview
5.2 FinTech Services Overview
5.3 Total FinTech Investment, 2017 - 2021 (USD Million)
5.4 FinTech Regulatory Outlook
  • Government Regulations
  • Private/Association Regulations
5.5 FinTech Company Analysis - GVR DashBoard (Top 50 companies)
Chapter 6 Third-party Banking Software Product Type Outlook
6.1 Third-party Banking Software Market Share By Product Type, 2021
6.2 Core Banking Software
6.2.1 Core banking software third-party banking software market, 2017 - 2030
6.3 Omnichannel Banking Software
6.3.1 Omnichannel banking software third-party banking software market, 2017 - 2030
6.4 Business Intelligence Software
6.4.1 Business intelligence software third-party banking software market, 2017 - 2030
6.5 Wealth Management Software
6.5.1 Wealth management software third-party banking software market, 2017 - 2030
6.6 Others
6.6.1 Others third-party banking software market, 2017 - 2030
Chapter 7 Third-party Banking Software Deployment Outlook
7.1 Third-party Banking Software Market Share By Deployment, 2021
7.2 On-Premise
7.2.1 On-premise third-party banking software market, 2017 - 2030
7.3 Cloud
7.3.1 Cloud third-party banking software market, 2017 - 2030
Chapter 8 Third-party Banking Software Application Outlook
8.1 Third-party Banking Software Market Share By Application, 2021
8.2 Risk Management
8.2.1 Third-party banking software market for risk management, 2017 - 2030
8.3 Information Security
8.3.1 Third-party banking software market for information security, 2017 - 2030
8.4 Business Intelligence
8.4.1 Third-party banking software market for business intelligence, 2017 - 2030
Chapter 9 Third-party Banking Software End-Use Outlook
9.1 Third-party Banking Software Market Share By End-Use, 2021
9.2 Commercial Banks
9.2.1 Third-party banking software market for retail banks, 2017 - 2030
9.3 Retail Banks
9.3.1 Third-party banking software market for retail banks, 2017 - 2030
Chapter 10 Third-party Banking Software Regional Outlook
10.1 Third-party banking software Market Share By Region, 2021
10.2 North America
10.2.1 North America third-party banking software market, 2017 - 2030
10.2.2 North America third-party banking software market, by product type, 2017 - 2030
10.2.3 North America third-party banking software market, by deployment, 2017 - 2030
10.2.4 North America third-party banking software market, by application, 2017 - 2030
10.2.5 North America third-party banking software market, by end-use, 2017 - 2030
10.2.6 U.S.
10.2.6.1 U.S. third-party banking software market, 2017 - 2030
10.2.6.2 U.S. third-party banking software market, by product type, 2017 - 2030
10.2.6.3 U.S. third-party banking software market, by deployment, 2017 - 2030
10.2.6.4 U.S. third-party banking software market, by application, 2017 - 2030
10.2.6.5 U.S. third-party banking software market, by end-use, 2017 - 2030
10.2.7 Canada
10.2.7.1 Canada third-party banking software market, 2017 - 2030
10.2.7.2 Canada third-party banking software market, by product type, 2017 - 2030
10.2.7.3 Canada third-party banking software market, by deployment, 2017 - 2030
10.2.7.4 Canada third-party banking software market, by application, 2017 - 2030
10.2.7.5 Canada third-party banking software market, by end-use, 2017 - 2030
10.3 Europe
10.3.1 Europe third-party banking software market, 2017 - 2030
10.3.2 Europe third-party banking software market, by product type, 2017 - 2030
10.3.3 Europe third-party banking software market, by deployment, 2017 - 2030
10.3.4 Europe third-party banking software market, by application, 2017 - 2030
10.3.5 Europe third-party banking software market, by end-use, 2017 - 2030
10.3.6 Germany
10.3.6.1 Germany third-party banking software market, 2017 - 2030
10.3.6.2 Germany third-party banking software market, by product type, 2017 - 2030
10.3.6.3 Germany third-party banking software market, by deployment, 2017 - 2030
10.3.6.4 Germany third-party banking software market, by application, 2017 - 2030
10.3.6.5 Germany third-party banking software market, by end-use, 2017 - 2030
10.3.7 U.K.
10.3.7.1 U.K. third-party banking software market, 2017 - 2030
10.3.7.2 U.K. third-party banking software market, by product type, 2017 - 2030
10.3.7.3 U.K. third-party banking software market, by deployment, 2017 - 2030
10.3.7.4 U.K. third-party banking software market, by application, 2017 - 2030
10.3.7.5 U.K. third-party banking software market, by end-use, 2017 - 2030
10.4 Asia Pacific
10.4.1 Asia Pacific third-party banking software market, 2017 - 2030
10.4.2 Asia Pacific third-party banking software market, by product type, 2017 -2030
10.4.3 Asia Pacific third-party banking software market, by deployment, 2017 - 2030
10.4.4 Asia Pacific third-party banking software market, by application, 2017 - 2030
10.4.5 Asia Pacific third-party banking software market, by end-use, 2017 - 2030
10.4.6 China
10.4.6.1 China third-party banking software market, 2017 - 2030
10.4.6.2 China third-party banking software market, by product type, 2017 - 2030
10.4.6.3 China third-party banking software market, by deployment, 2017 - 2030
10.4.6.4 China third-party banking software market, by application, 2017 - 2030
10.4.6.5 China third-party banking software market, by end-use, 2017 - 2030
10.4.7 India
10.4.7.1 India third-party banking software market, 2017 - 2030
10.4.7.2 India third-party banking software market, by product type, 2017 - 2030
10.4.7.3 India third-party banking software market, by deployment, 2017 - 2030
10.4.7.4 India third-party banking software market, by application, 2017 - 2030
10.4.7.5 India third-party banking software market, by end-use, 2017 - 2030
10.4.8 Japan
10.4.8.1 Japan third-party banking software market, 2017 - 2030
10.4.8.2 Japan third-party banking software market, by product type, 2017 - 2030
10.4.8.3 Japan third-party banking software market, by deployment, 2017 - 2030
10.4.8.4 Japan third-party banking software market, by application, 2017 - 2030
10.4.8.5 Japan third-party banking software market, by end-use, 2017 - 2030
10.5 Latin America
10.5.1 Latin America third-party banking software market, 2017 - 2030
10.5.2 Latin America third-party banking software market, by product type, 2017 - 2030
10.5.3 Latin America third-party banking software market, by deployment, 2017 - 2030
10.5.4 Latin America third-party banking software market, by application, 2017 - 2030
10.5.5 Latin America third-party banking software market, by end-use, 2017 - 2030
10.5.6 Brazil
10.5.6.1 Brazil third-party banking software market, 2017 - 2030
10.5.6.2 Brazil third-party banking software market, by product type, 2017 - 2030
10.5.6.3 Brazil third-party banking software market, by deployment, 2017 - 2030
10.5.6.4 Brazil third-party banking software market, by application, 2017 - 2030
10.5.6.5 Brazil third-party banking software market, by end-use, 2017 - 2030
10.6 MEA
10.6.1 MEA third-party banking software market, 2017 - 2030
10.3.2 MEA third-party banking software market, by product type, 2017 - 2030
10.6.3 MEA third-party banking software market, by deployment, 2017 - 2030
10.6.4 MEA third-party banking software market, by application, 2017 - 2030
10.6.5 MEA third-party banking software market, by end-use, 2017 - 2030
Chapter 11 Competitive Analysis
11.1 Recent Developments & Impact Analysis, By Key Market Participants
11.2 Company Categorization
11.3 Vendor Landscape
11.3.1 Key company market share analysis, 2021
11.4 Company Analysis Tools
11.4.1 Company market position analysis
11.4.2 Competitive dashboard analysis
Chapter 12 Competitive Landscape
12.1 Microsoft Corporation
12.1.1 Company overview
12.1.2 Financial performance
12.1.3 Product benchmarking
12.1.4 Strategic initiatives
12.2 International Business Machines (IBM) Corporation
12.2.1 Company overview
12.2.2 Financial performance
12.2.3 Product benchmarking
12.2.4 Strategic initiatives
12.3 Oracle Corporation
12.3.1 Company overview
12.3.2 Financial performance
12.3.3 Product benchmarking
12.3.4 Strategic initiatives
12.4 SAP SE
12.4.1 Company overview
12.4.2 Financial performance
12.4.3 Product benchmarking
12.4.4 Strategic initiatives
12.5 Tata Consultancy Services (TCS)
12.5.1 Company overview
12.5.2 Financial performance
12.5.3 Product benchmarking
12.5.4 Strategic initiatives
12.6 Infosys Ltd.
12.6.1 Company overview
12.6.2 Financial performance
12.6.3 Product benchmarking
12.6.4 Strategic initiatives
12.7 Capgemini SE
12.7.1 Company overview
12.7.2 Financial performance
12.7.3 Product benchmarking
12.7.4 Strategic initiatives
12.8 Accenture plc
12.8.1 Company overview
12.8.2 Financial performance
12.8.3 Product benchmarking
12.8.4 Strategic initiatives
12.9 FIS, Inc.
12.9.1 Company overview
12.9.2 Financial performance
12.9.3 Product benchmarking
12.9.4 Strategic initiatives
12.10 Fiserv, Inc.
12.10.1 Company overview
12.10.2 Financial performance
12.10.3 Product benchmarking
12.10.4 Strategic initiatives
List of Tables
Table 1 Third-party banking software market - Industry snapshot & key buying criteria, 2017 - 2030
Table 2 Global third-party banking software market, 2017 - 2030 (USD Million)
Table 3 Global third-party banking software market, by region, 2017 - 2030 (USD Million)
Table 4 Global third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 5 Global third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 6 Global third-party banking software market, by application 2017 - 2030 (USD Million)
Table 7 Global third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 8 Third-party banking software market - Key market driver impact
Table 9 Third-party banking software market - Key market challenge impact
Table 10 Core banking software third-party banking software market, 2017 - 2030 (USD Million)
Table 11 Core banking software third-party banking software market, by region, 2017 - 2030 (USD Million)
Table 12 Omnichannel banking software third-party banking software market, 2017 - 2030 (USD Million)
Table 13 Omnichannel banking software third-party banking software market, by region, 2017 - 2030 (USD Million)
Table 14 Business intelligence software third-party banking software market, 2017 - 2030 (USD Million)
Table 15 Business intelligence software third-party banking software market, by region, 2017 - 2030 (USD Million)
Table 16 Wealth management software third-party banking software market, 2017 - 2030 (USD Million)
Table 17 Wealth management software third-party banking software market, by region, 2017 - 2030 (USD Million)
Table 18 Others third-party banking software market, 2017 - 2030 (USD Million)
Table 19 Others management software third-party banking software market, by region, 2017 - 2030 (USD Million)
Table 20 On-premise third-party banking software market, 2017 - 2030 (USD Million)
Table 21 On-premise third-party banking software market, by region, 2017 - 2030 (USD Million)
Table 22 Cloud third-party banking software market, 2017 - 2030 (USD Million)
Table 23 Cloud third-party banking software market, by region, 2017 - 2030 (USD Million
Table 24 Third-party banking software market for risk management, 2017 - 2030 (USD Million)
Table 25 Third-party banking software market for risk management, by region, 2017 - 2030 (USD Million)
Table 26 Third-party banking software market for information security, 2017 - 2030 (USD Million)
Table 27 Third-party banking software market for information security, by region, 2017 - 2030 (USD Million)
Table 28 Third-party banking software market for business intelligence, 2017 - 2030 (USD Million)
Table 29 Third-party banking software market for business intelligence, by region, 2017 - 2030 (USD Million)
Table 30 Third-party banking software market for retail banks, 2017 - 2030 (USD Million)
Table 31 Third-party banking software market for retail banks, by region, 2017 - 2030 (USD Million)
Table 32 Third-party banking software market for commercial banks, 2017 - 2030 (USD Million)
Table 33 Third-party banking software market for commercial banks, by region, 2017 - 2030 (USD Million)
Table 34 North America third-party banking software market, 2017 - 2030 (USD Million)
Table 35 North America third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 36 North America third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 37 North America third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 38 North America third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 39 U.S. third-party banking software market, 2017 - 2030 (USD Million)
Table 40 U.S. third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 41 U.S. third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 42 U.S. third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 43 U.S. third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 44 Canada third-party banking software market, 2017 - 2030 (USD Million)
Table 45 Canada third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 46 Canada third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 47 Canada third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 48 Canada third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 49 Europe third-party banking software market, 2017 - 2030 (USD Million)
Table 50 Europe third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 51 Europe third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 52 Europe third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 53 Europe third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 54 Germany third-party banking software market, 2017 - 2030 (USD Million)
Table 55 Germany third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 56 Germany third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 57 Germany third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 58 Germany third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 59 U.K. third-party banking software market, 2017 - 2030 (USD Million)
Table 60 U.K. third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 61 U.K. third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 62 U.K. third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 63 U.K. third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 64 Asia Pacific third-party banking software market, 2017 - 2030 (USD Million)
Table 65 Asia Pacific third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 66 Asia Pacific third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 67 Asia Pacific third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 68 Asia Pacific third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 69 China third-party banking software market, 2017 - 2030 (USD Million)
Table 70 China third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 71 China third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 72 China third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 73 China third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 74 India third-party banking software market, 2017 - 2030 (USD Million)
Table 75 India third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 76 India third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 77 India third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 78 India third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 79 Japan third-party banking software market, 2017 - 2030 (USD Million)
Table 80 Japan third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 81 Japan third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 82 Japan third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 83 Japan third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 84 Latin America third-party banking software market, 2017 - 2030 (USD Million)
Table 85 Latin America third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 86 Latin America third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 87 Latin America third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 88 Latin America third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 89 Brazil third-party banking software market, 2017 - 2030 (USD Million)
Table 90 Brazil third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 91 Brazil third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 92 Brazil third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 93 Brazil third-party banking software market, by end-use, 2017 - 2030 (USD Million)
Table 94 MEA third-party banking software market, 2017 - 2030 (USD Million)
Table 95 MEA third-party banking software market, by product type, 2017 - 2030 (USD Million)
Table 96 MEA third-party banking software market, by deployment, 2017 - 2030 (USD Million)
Table 97 MEA third-party banking software market, by application, 2017 - 2030 (USD Million)
Table 98 MEA third-party banking software market, by end-use, 2017 - 2030 (USD Million)
List of Figures
FIG. 1 Market segmentation and scope
FIG. 2 Global third-party banking software market, 2017 - 2030 (USD Million)
FIG. 3 Third-party banking software market - Value chain analysis
FIG. 4 Third-party banking software market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Third-party banking software market - Porter’s Five Forces analysis
FIG. 7 Third-party banking software market - Key company market share analysis, 2021
FIG. 8 Third-party banking software market - PESTEL analysis
FIG. 9 Third-party banking software market, by product type, 2021
FIG. 10 Third-party banking software market, by deployment, 2021
FIG. 11 Third-party banking software market, by application, 2021
FIG. 12 Third-party banking software market, by end-use, 2021
FIG. 13 Third-party banking software market, by region, 2021
FIG. 14 Third-party banking software market - Regional takeaways
FIG. 15 North America third-party banking software market - Key takeaways
FIG. 16 Europe third-party banking software market - Key takeaways
FIG. 17 Asia Pacific third-party banking software market - Key takeaways
FIG. 18 Latin America third-party banking software market - Key takeaways
FIG. 19 MEA contact third-party banking software market - Key takeaways

Companies Mentioned

  • Microsoft Corporation
  • International Business Machines (IBM) Corporation
  • Oracle Corporation
  • SAP SE
  • Tata Consultancy Services (TCS)
  • Infosys Ltd.
  • Capgemini SE
  • Accenture plc
  • FIS, Inc.
  • Fiserv, Inc.

Methodology

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