The Europe Retail Core Banking Solution Market should witness market growth of 9.6% CAGR during the forecast period (2022-2028).
In the banking industry, several technologies have seen growing acceptance, notably blockchain, chatbots, artificial intelligence, machine learning, robotic process automation (R.P.A.), data analytics, and cloud computing. Additionally, banks may effectively evaluate their customer base while enabling customers to do standard banking operations by utilizing core banking technologies.
Therefore, many banks are deploying core banking technology to modernize banking functionality to give more integrated & value-added services. As a result, the adoption and implementation of these solutions by banks are driving the growth of the retail core banking solution market. Customers who do banking nowadays are recognized as less dependable, pickier, and more accustomed to the whole range of digital banking services, from self-service to automated wealth advising.
Furthermore, the banks are seriously threatened by the cost, consumer expectations, conventional competitors, and fintech factors. In order to compete with increased expectations, the focus has shifted to providing new and enhanced experiences and more excellent value for both consumers and staff. IoT is one of the technologies that banks are utilizing. Banks are investigating how IoT may help create goods that correspond to client requests amid a significant digital upheaval. Owing to an increased emphasis on customer centricity, a few of the biggest banks in the world are restructuring their front offices.
Since of cost savings and economies of scale, cloud technology has fundamentally altered how firms operate in various end-user industries. The increased use of cloud services throughout Europe is driving up cloud traffic. By utilizing cloud-based services, many banks choose to reduce the cost of the I.T. infrastructure required for on-Premise setup. This enables them to deploy new products and scale infrastructure quickly, cater to a more extensive customer base with various needs, and manage real-time payments that are rapidly increasing while maintaining compliance and security standards.
The Germany market dominated the Europe Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $539.7 million by 2028. The UK market is exhibiting a CAGR of 8.7% during (2022-2028). Additionally, The France market would experience a CAGR of 10.4% during (2022-2028).
Based on Component, the market is segmented into Solution (Without Services) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Regulatory Compliance, Risk Management, Digital Banking, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Fiserv, Inc., Temenos AG, Tata Consultancy Services Limited, SAP SE, Infosys Limited, Fidelity National Information Services, Inc. (FIS), Kiya.ai, Jack Henry & Associates, Inc. and Silverlake Axis Ltd.
In the banking industry, several technologies have seen growing acceptance, notably blockchain, chatbots, artificial intelligence, machine learning, robotic process automation (R.P.A.), data analytics, and cloud computing. Additionally, banks may effectively evaluate their customer base while enabling customers to do standard banking operations by utilizing core banking technologies.
Therefore, many banks are deploying core banking technology to modernize banking functionality to give more integrated & value-added services. As a result, the adoption and implementation of these solutions by banks are driving the growth of the retail core banking solution market. Customers who do banking nowadays are recognized as less dependable, pickier, and more accustomed to the whole range of digital banking services, from self-service to automated wealth advising.
Furthermore, the banks are seriously threatened by the cost, consumer expectations, conventional competitors, and fintech factors. In order to compete with increased expectations, the focus has shifted to providing new and enhanced experiences and more excellent value for both consumers and staff. IoT is one of the technologies that banks are utilizing. Banks are investigating how IoT may help create goods that correspond to client requests amid a significant digital upheaval. Owing to an increased emphasis on customer centricity, a few of the biggest banks in the world are restructuring their front offices.
Since of cost savings and economies of scale, cloud technology has fundamentally altered how firms operate in various end-user industries. The increased use of cloud services throughout Europe is driving up cloud traffic. By utilizing cloud-based services, many banks choose to reduce the cost of the I.T. infrastructure required for on-Premise setup. This enables them to deploy new products and scale infrastructure quickly, cater to a more extensive customer base with various needs, and manage real-time payments that are rapidly increasing while maintaining compliance and security standards.
The Germany market dominated the Europe Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $539.7 million by 2028. The UK market is exhibiting a CAGR of 8.7% during (2022-2028). Additionally, The France market would experience a CAGR of 10.4% during (2022-2028).
Based on Component, the market is segmented into Solution (Without Services) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Regulatory Compliance, Risk Management, Digital Banking, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Fiserv, Inc., Temenos AG, Tata Consultancy Services Limited, SAP SE, Infosys Limited, Fidelity National Information Services, Inc. (FIS), Kiya.ai, Jack Henry & Associates, Inc. and Silverlake Axis Ltd.
Scope of the Study
By Component
- Solution (Without Services)
- Services
By Deployment Mode
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- SMEs
By Application
- Regulatory Compliance
- Risk Management
- Digital Banking
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- Fiserv, Inc.
- Temenos AG
- Tata Consultancy Services Limited
- SAP SE
- Infosys Limited
- Fidelity National Information Services, Inc. (FIS)
- Kiya.ai
- Jack Henry & Associates, Inc.
- Silverlake Axis Ltd
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Retail Core Banking Solution Market, by Component
1.4.2 Europe Retail Core Banking Solution Market, by Deployment Mode
1.4.3 Europe Retail Core Banking Solution Market, by Organization Size
1.4.4 Europe Retail Core Banking Solution Market, by Application
1.4.5 Europe Retail Core Banking Solution Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2022, Aug) Leading Players
Chapter 4. Europe Retail Core Banking Solution Market by Component
4.1 Europe Solution (Without Services) Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Retail Core Banking Solution Market by Deployment Mode
5.1 Europe Cloud Market by Country
5.2 Europe On-premise Market by Country
Chapter 6. Europe Retail Core Banking Solution Market by Organization Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe Retail Core Banking Solution Market by Application
7.1 Europe Regulatory Compliance Market by Country
7.2 Europe Risk Management Market by Country
7.3 Europe Digital Banking Market by Country
7.4 Europe Others Market by Country
Chapter 8. Europe Retail Core Banking Solution Market by Country
8.1 Germany Retail Core Banking Solution Market
8.1.1 Germany Retail Core Banking Solution Market by Component
8.1.2 Germany Retail Core Banking Solution Market by Deployment Mode
8.1.3 Germany Retail Core Banking Solution Market by Organization Size
8.1.4 Germany Retail Core Banking Solution Market by Application
8.2 UK Retail Core Banking Solution Market
8.2.1 UK Retail Core Banking Solution Market by Component
8.2.2 UK Retail Core Banking Solution Market by Deployment Mode
8.2.3 UK Retail Core Banking Solution Market by Organization Size
8.2.4 UK Retail Core Banking Solution Market by Application
8.3 France Retail Core Banking Solution Market
8.3.1 France Retail Core Banking Solution Market by Component
8.3.2 France Retail Core Banking Solution Market by Deployment Mode
8.3.3 France Retail Core Banking Solution Market by Organization Size
8.3.4 France Retail Core Banking Solution Market by Application
8.4 Russia Retail Core Banking Solution Market
8.4.1 Russia Retail Core Banking Solution Market by Component
8.4.2 Russia Retail Core Banking Solution Market by Deployment Mode
8.4.3 Russia Retail Core Banking Solution Market by Organization Size
8.4.4 Russia Retail Core Banking Solution Market by Application
8.5 Spain Retail Core Banking Solution Market
8.5.1 Spain Retail Core Banking Solution Market by Component
8.5.2 Spain Retail Core Banking Solution Market by Deployment Mode
8.5.3 Spain Retail Core Banking Solution Market by Organization Size
8.5.4 Spain Retail Core Banking Solution Market by Application
8.6 Italy Retail Core Banking Solution Market
8.6.1 Italy Retail Core Banking Solution Market by Component
8.6.2 Italy Retail Core Banking Solution Market by Deployment Mode
8.6.3 Italy Retail Core Banking Solution Market by Organization Size
8.6.4 Italy Retail Core Banking Solution Market by Application
8.7 Rest of Europe Retail Core Banking Solution Market
8.7.1 Rest of Europe Retail Core Banking Solution Market by Component
8.7.2 Rest of Europe Retail Core Banking Solution Market by Deployment Mode
8.7.3 Rest of Europe Retail Core Banking Solution Market by Organization Size
8.7.4 Rest of Europe Retail Core Banking Solution Market by Application
Chapter 9. Company Profiles
9.1 Temenos AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Fiserv, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.2.5 SWOT Analysis
9.3 Tata Consultancy Services Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Infosys Limited
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 SAP SE
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Jack Henry & Associates, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expenses
9.8 Fidelity National Information Services, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 Silverlake Axis Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Acquisition and Mergers:
9.10. Kiya.ai
9.10.1 Company Overview
Companies Mentioned
- Oracle Corporation
- Fiserv, Inc.
- Temenos AG
- Tata Consultancy Services Limited
- SAP SE
- Infosys Limited
- Fidelity National Information Services, Inc. (FIS)
- Kiya.ai
- Jack Henry & Associates, Inc.
- Silverlake Axis Ltd
Methodology
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