The North America Banking System Software Market should witness market growth of 5.4% CAGR during the forecast period (2022-2028).
Strict laws have been put in place by governments to guarantee the safety of client data as well as the stability of the monetary system. In order to comply with these legal requirements, banks must invest in technological solutions, which have increased demand for innovations likebanking system software. Also, the banking sector is growing increasingly competitive, necessitating technological solutions that can give an edge. To keep ahead of the market and provide cutting-edge solutions to their clients, well-known banking software businesses are proactively investing in organizational strategies, including mergers & acquisitions, and collaborations.
To help banks of all sizes accelerate their digitalization and widen their market strategy in the US. Temenos, a renownedcloud-based platform, extended its relationship with Wipro. The partnership combines Temenos' complete banking solutions with Wipro's technological expertise, allowing institutions to implement significant digital improvements on both the back andfront ends. Moreover, streamlining digital and transactional processes will accelerate modernization and improve operational effectiveness.
AI can be used in a number of different ways. It can be used for a number of things, such as customer service, risk management, and fraud detection. Also, a lot of people use mobile browsers or smartphones to access their bank accounts. In the near future, as smartphones become more popular, more individuals will utilize digital banking, increasing the need for banking systemsolutionsfor banks. In addition, with the region's technologically advanced countries like the United States, the digital transition of financial services has become much simpler. As a result, during the projection period, the regional baking system software market would expand.
The US market dominated the North America Banking System Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,697.6 million by 2028. The Canada market is poised to grow at a CAGR of 7.8% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.8% 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 U.S., Mexico, Canada, and Rest of North America.
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).
Strict laws have been put in place by governments to guarantee the safety of client data as well as the stability of the monetary system. In order to comply with these legal requirements, banks must invest in technological solutions, which have increased demand for innovations likebanking system software. Also, the banking sector is growing increasingly competitive, necessitating technological solutions that can give an edge. To keep ahead of the market and provide cutting-edge solutions to their clients, well-known banking software businesses are proactively investing in organizational strategies, including mergers & acquisitions, and collaborations.
To help banks of all sizes accelerate their digitalization and widen their market strategy in the US. Temenos, a renownedcloud-based platform, extended its relationship with Wipro. The partnership combines Temenos' complete banking solutions with Wipro's technological expertise, allowing institutions to implement significant digital improvements on both the back andfront ends. Moreover, streamlining digital and transactional processes will accelerate modernization and improve operational effectiveness.
AI can be used in a number of different ways. It can be used for a number of things, such as customer service, risk management, and fraud detection. Also, a lot of people use mobile browsers or smartphones to access their bank accounts. In the near future, as smartphones become more popular, more individuals will utilize digital banking, increasing the need for banking systemsolutionsfor banks. In addition, with the region's technologically advanced countries like the United States, the digital transition of financial services has become much simpler. As a result, during the projection period, the regional baking system software market would expand.
The US market dominated the North America Banking System Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,697.6 million by 2028. The Canada market is poised to grow at a CAGR of 7.8% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Banking System Software Market, by Application
1.4.2 North America Banking System Software Market, by Operating System
1.4.3 North America Banking System Software Market, by Deployment Mode
1.4.4 North America Banking System Software Market, by Organization Size
1.4.5 North America Banking System Software Market, by Component
1.4.6 North America 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. North America Banking System Software Market by Application
4.1 North America Transaction Management Market by Country
4.2 North America Credit & Lending Market by Country
4.3 North America Risk & Compliance Market by Country
4.4 North America Customer Relationship Management Market by Country
4.5 North America Investment Management Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Banking System Software Market by Operating System
5.1 North America Android Market by Country
5.2 North America Windows Market by Country
5.3 North America iOS Market by Country
5.4 North America Other Operating System Market by Country
Chapter 6. North America Banking System Software Market by Deployment Mode
6.1 North America On premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Banking System Software Market by Organization Size
7.1 North America Large Enterprises Market by Country
7.2 North America Small & Medium Enterprises Market by Country
Chapter 8. North America Banking System Software Market by Component
8.1 North America Software (Without Services) Market by Country
8.2 North America Banking System Software Market by Software (Without Services) Type
8.2.1 North America Core Banking System Software Market by Country
8.2.2 North America Corporate Banking System Software Market by Country
8.2.3 North America Investment Banking System Software Market by Country
8.2.4 North America Others Market by Country
8.3 North America Services Market by Country
Chapter 9. North America Banking System Software Market by Country
9.1 US Banking System Software Market
9.1.1 US Banking System Software Market by Application
9.1.2 US Banking System Software Market by Operating System
9.1.3 US Banking System Software Market by Deployment Mode
9.1.4 US Banking System Software Market by Organization Size
9.1.5 US Banking System Software Market by Component
9.1.5.1 US Banking System Software Market by Software (Without Services) Type
9.2 Canada Banking System Software Market
9.2.1 Canada Banking System Software Market by Application
9.2.2 Canada Banking System Software Market by Operating System
9.2.3 Canada Banking System Software Market by Deployment Mode
9.2.4 Canada Banking System Software Market by Organization Size
9.2.5 Canada Banking System Software Market by Component
9.2.5.1 Canada Banking System Software Market by Software (Without Services) Type
9.3 Mexico Banking System Software Market
9.3.1 Mexico Banking System Software Market by Application
9.3.2 Mexico Banking System Software Market by Operating System
9.3.3 Mexico Banking System Software Market by Deployment Mode
9.3.4 Mexico Banking System Software Market by Organization Size
9.3.5 Mexico Banking System Software Market by Component
9.3.5.1 Mexico Banking System Software Market by Software (Without Services) Type
9.4 Rest of North America Banking System Software Market
9.4.1 Rest of North America Banking System Software Market by Application
9.4.2 Rest of North America Banking System Software Market by Operating System
9.4.3 Rest of North America Banking System Software Market by Deployment Mode
9.4.4 Rest of North America Banking System Software Market by Organization Size
9.4.5 Rest of North America Banking System Software Market by Component
9.4.5.1 Rest of North America 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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