Retail Core Banking Systems Market Breakdown by Product Type, Business Type, End-User, Key Countries, Forecast 2019-2027

Retail core banking systems is primarily a specialized business offering dedicated for retail banking applications. The IT solution suite facilitate aid in broad range of retail banking operations on daily basis. For instance, some of the features of the retail core banking systems solutions broadly include updating financial records, customer deposit processing, reporting tools and maintaining banks ledger to name a few commonly available features. Moreover, the increasing demand form retail banks for customized solution aligning with their core business offerings owing to changing customer expectations has profound influence over the progress of the solution development over the past few years. In addition to this, the growing penetration of cloud and mobile technologies across retail banking also continues to influence the portfolio of services included in the global retail core banking systems market.

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Factors such as burgeoning middle income population group especially across emerging economies along with the easy accessibility of retail banking solutions is the major factor driving the growth of the market. Additionally, the emergence of regional specific retail banks among towns and growing non-metro cities in developing economies is also fueling the growth of the retail core banking systems market in Asian and African regions. Additionally, the application modernization of legacy banking solutions continue to provide steady market growth opportunities for the market players along with their existing service contracts with current customer base. Thus, the global retail core banking system is poised to provide numerous profitable opportunities for the market players during the forecast period.

MARKET SCOPE

The "Global Retail Core Banking Systems Market Analysis to 2027" is a specialized and in-depth study of the technology, media & telecommunicaiton industry with a special focus on the global market trend analysis. The report aims to provide an overview of retail core banking systems market with detailed market segmentation by offering, deployment and geography. The global retail core banking systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading retail core banking systems market players and offers key trends and opportunities in the market.

MARKET PLAYERS

The reports cover key developments in the retail core banking systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from retail core banking systems market are anticipated to lucrative growth opportunities in the future with the rising demand for renewable energy in the global market. Below mentioned is the list of few companies engaged in the retail core banking systems market.

The report also includes the profiles of key retail core banking systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Avaloq Group AG
- FIS Global
- Infosys
- Intellect Design Arena Ltd
- Oracle Corporation
- SAP SE
- SOPRA STERIA GROUP
- Tata Consultancy Services
- Temenos Headquarters SA
- Turaz Global S.? r.l (Finastra)

MARKET SEGMENTATION

The global retail core banking systems market is segmented on the basis of offering, and deployment. Based on offering, the market is segmented into solution, and service. Further, by deployment the Retail Core Banking Systems system is broadly classified into on-premise and cloud.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global retail core banking systems market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The retail core banking systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting retail core banking systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Retail Core Banking Systems market in these regions.

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