The Asia Pacific Banking System Software Market should witness market growth of 6.4% CAGR during the forecast period (2022-2028).
Due to AI in banking services, banks can process enormous volumes of data and estimate current market trends, currency fluctuations, and stock prices. In addition, current machine learning techniques provide investment recommendations and help assess market sentiment. Also, banking AI advises when to buy stocks and sends notifications in the event of a potential risk. Due to its tremendous data processing capacity, this cutting-edge solution also aids in accelerating decision-making and facilitates trading for both customers and banks.
Millions of transactions are recorded daily by banking and financial institutions. As a result, it becomes challenging for staff to gather and register the large volume of information generated. In addition, structuring and recording such a huge amount of data becomes impossible while maintaining accuracy. In these situations, innovative AI solutions can help with efficient data collection and analysis. Thus, the entirety of the user experience is improved. Also, the information may be used to spot fraud or decide whether to grant credit.
The Fintech Supervisory Sandbox (FSS), introduced by the HKMA in September 2016, allows banks and the technology companies they collaborate with to test their fintech initiatives with a small number of consumers. This collaboration can be achieved without being subject to all of the HKMA's supervisory obligations. This partnership enables banks and tech companies to gather data and customer feedback to enhance their most recent projects and introduce new technological solutions more rapidly and economically. This government support and sizable investment in cutting-edge technologies would accelerate the regional market's growth in the expected years. The Asia Pacific region's banking system software market will expand due to this expansion of the BFSI industry.
The China market dominated the Asia Pacific Banking System Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,972.3 million by 2028. The Japan market is estimated to grow a CAGR of 5.8% during (2022-2028). Additionally, The India market would experience a CAGR of 7.1% during (2022-2028).
Based on Application, the market is segmented into Transaction Management, Credit & Lending, Risk & Compliance, Customer Relationship Management, Investment Management and Others. Based on Operating System, the market is segmented into Android, Windows, iOS and Others. Based on Deployment Mode, the market is segmented into On premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Component, the market is segmented into Software (Without Services) and Services. Based on Software (Without Services) Type, the market is segmented into Core Banking System Software, Corporate Banking System Software, Investment Banking System Software and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Inc., Oracle Corporation, Tata Consultancy Services Ltd., Infosys Limited, Fiserv, Inc., Fidelity National Information Services, Inc., and Finastra Group Holdings Limited (Vista Equity Partners).
Due to AI in banking services, banks can process enormous volumes of data and estimate current market trends, currency fluctuations, and stock prices. In addition, current machine learning techniques provide investment recommendations and help assess market sentiment. Also, banking AI advises when to buy stocks and sends notifications in the event of a potential risk. Due to its tremendous data processing capacity, this cutting-edge solution also aids in accelerating decision-making and facilitates trading for both customers and banks.
Millions of transactions are recorded daily by banking and financial institutions. As a result, it becomes challenging for staff to gather and register the large volume of information generated. In addition, structuring and recording such a huge amount of data becomes impossible while maintaining accuracy. In these situations, innovative AI solutions can help with efficient data collection and analysis. Thus, the entirety of the user experience is improved. Also, the information may be used to spot fraud or decide whether to grant credit.
The Fintech Supervisory Sandbox (FSS), introduced by the HKMA in September 2016, allows banks and the technology companies they collaborate with to test their fintech initiatives with a small number of consumers. This collaboration can be achieved without being subject to all of the HKMA's supervisory obligations. This partnership enables banks and tech companies to gather data and customer feedback to enhance their most recent projects and introduce new technological solutions more rapidly and economically. This government support and sizable investment in cutting-edge technologies would accelerate the regional market's growth in the expected years. The Asia Pacific region's banking system software market will expand due to this expansion of the BFSI industry.
The China market dominated the Asia Pacific Banking System Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,972.3 million by 2028. The Japan market is estimated to grow a CAGR of 5.8% during (2022-2028). Additionally, The India market would experience a CAGR of 7.1% during (2022-2028).
Based on Application, the market is segmented into Transaction Management, Credit & Lending, Risk & Compliance, Customer Relationship Management, Investment Management and Others. Based on Operating System, the market is segmented into Android, Windows, iOS and Others. Based on Deployment Mode, the market is segmented into On premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Component, the market is segmented into Software (Without Services) and Services. Based on Software (Without Services) Type, the market is segmented into Core Banking System Software, Corporate Banking System Software, Investment Banking System Software and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Inc., Oracle Corporation, Tata Consultancy Services Ltd., Infosys Limited, Fiserv, Inc., Fidelity National Information Services, Inc., and Finastra Group Holdings Limited (Vista Equity Partners).
Scope of the Study
By Application
- Transaction Management
- Credit & Lending
- Risk & Compliance
- Customer Relationship Management
- Investment Management
- Others
By Operating System
- Android
- Windows
- iOS
- Others
By Deployment Mode
- On premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Component
- Software (Without Services)
- Core Banking System Software
- Corporate Banking System Software
- Investment Banking System Software
- Others
- Services
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Microsoft Corporation
- SAP SE
- Salesforce.com, Inc.
- Oracle Corporation
- Tata Consultancy Services Ltd.
- Infosys Limited
- Fiserv, Inc.
- Fidelity National Information Services, Inc.
- Finastra Group Holdings Limited (Vista Equity Partners)
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 Asia Pacific Banking System Software Market, by Application
1.4.2 Asia Pacific Banking System Software Market, by Operating System
1.4.3 Asia Pacific Banking System Software Market, by Deployment Mode
1.4.4 Asia Pacific Banking System Software Market, by Organization Size
1.4.5 Asia Pacific Banking System Software Market, by Component
1.4.6 Asia Pacific Banking System Software 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 Analyst's 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 : 2019, Mar - 2023, Jan) Leading Players
Chapter 4. Asia Pacific Banking System Software Market by Application
4.1 Asia Pacific Transaction Management Market by Country
4.2 Asia Pacific Credit & Lending Market by Country
4.3 Asia Pacific Risk & Compliance Market by Country
4.4 Asia Pacific Customer Relationship Management Market by Country
4.5 Asia Pacific Investment Management Market by Country
4.6 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Banking System Software Market by Operating System
5.1 Asia Pacific Android Market by Country
5.2 Asia Pacific Windows Market by Country
5.3 Asia Pacific iOS Market by Country
5.4 Asia Pacific Other Operating System Market by Country
Chapter 6. Asia Pacific Banking System Software Market by Deployment Mode
6.1 Asia Pacific On premise Market by Country
6.2 Asia Pacific Cloud Market by Country
Chapter 7. Asia Pacific Banking System Software Market by Organization Size
7.1 Asia Pacific Large Enterprises Market by Country
7.2 Asia Pacific Small & Medium Enterprises Market by Country
Chapter 8. Asia Pacific Banking System Software Market by Component
8.1 Asia Pacific Software (Without Services) Market by Country
8.2 Asia Pacific Banking System Software Market by Software (Without Services) Type
8.2.1 Asia Pacific Core Banking System Software Market by Country
8.2.2 Asia Pacific Corporate Banking System Software Market by Country
8.2.3 Asia Pacific Investment Banking System Software Market by Country
8.2.4 Asia Pacific Others Market by Country
8.3 Asia Pacific Services Market by Country
Chapter 9. Asia Pacific Banking System Software Market by Country
9.1 China Banking System Software Market
9.1.1 China Banking System Software Market by Application
9.1.2 China Banking System Software Market by Operating System
9.1.3 China Banking System Software Market by Deployment Mode
9.1.4 China Banking System Software Market by Organization Size
9.1.5 China Banking System Software Market by Component
9.1.5.1 China Banking System Software Market by Software (Without Services) Type
9.2 Japan Banking System Software Market
9.2.1 Japan Banking System Software Market by Application
9.2.2 Japan Banking System Software Market by Operating System
9.2.3 Japan Banking System Software Market by Deployment Mode
9.2.4 Japan Banking System Software Market by Organization Size
9.2.5 Japan Banking System Software Market by Component
9.2.5.1 Japan Banking System Software Market by Software (Without Services) Type
9.3 India Banking System Software Market
9.3.1 India Banking System Software Market by Application
9.3.2 India Banking System Software Market by Operating System
9.3.3 India Banking System Software Market by Deployment Mode
9.3.4 India Banking System Software Market by Organization Size
9.3.5 India Banking System Software Market by Component
9.3.5.1 India Banking System Software Market by Software (Without Services) Type
9.4 South Korea Banking System Software Market
9.4.1 South Korea Banking System Software Market by Application
9.4.2 South Korea Banking System Software Market by Operating System
9.4.3 South Korea Banking System Software Market by Deployment Mode
9.4.4 South Korea Banking System Software Market by Organization Size
9.4.5 South Korea Banking System Software Market by Component
9.4.5.1 South Korea Banking System Software Market by Software (Without Services) Type
9.5 Singapore Banking System Software Market
9.5.1 Singapore Banking System Software Market by Application
9.5.2 Singapore Banking System Software Market by Operating System
9.5.3 Singapore Banking System Software Market by Deployment Mode
9.5.4 Singapore Banking System Software Market by Organization Size
9.5.5 Singapore Banking System Software Market by Component
9.5.5.1 Singapore Banking System Software Market by Software (Without Services) Type
9.6 Malaysia Banking System Software Market
9.6.1 Malaysia Banking System Software Market by Application
9.6.2 Malaysia Banking System Software Market by Operating System
9.6.3 Malaysia Banking System Software Market by Deployment Mode
9.6.4 Malaysia Banking System Software Market by Organization Size
9.6.5 Malaysia Banking System Software Market by Component
9.6.5.1 Malaysia Banking System Software Market by Software (Without Services) Type
9.7 Rest of Asia Pacific Banking System Software Market
9.7.1 Rest of Asia Pacific Banking System Software Market by Application
9.7.2 Rest of Asia Pacific Banking System Software Market by Operating System
9.7.3 Rest of Asia Pacific Banking System Software Market by Deployment Mode
9.7.4 Rest of Asia Pacific Banking System Software Market by Organization Size
9.7.5 Rest of Asia Pacific Banking System Software Market by Component
9.7.5.1 Rest of Asia Pacific Banking System Software Market by Software (Without Services) Type
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Microsoft Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 SAP SE
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Salesforce.com, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Oracle Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Tata Consultancy Services Ltd.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Infosys Limited
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.6 SWOT Analysis
10.8 Fiserv, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Recent strategies and developments:
10.8.4.1 Acquisition and Mergers:
10.8.5 SWOT Analysis
10.9 Fidelity National Information Services, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Acquisition and Mergers:
10.10. Finastra Group Holdings Limited (Vista Equity Partners)
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:
10.10.2.2 Product Launches and Product Expansions:
Companies Mentioned
- IBM Corporation
- Microsoft Corporation
- SAP SE
- Salesforce.com, Inc.
- Oracle Corporation
- Tata Consultancy Services Ltd.
- Infosys Limited
- Fiserv, Inc.
- Fidelity National Information Services, Inc.
- Finastra Group Holdings Limited (Vista Equity Partners)
Methodology
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