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Core Banking Software Market to Witness Robust Expansion by 2029

09-11-2023 01:05 PM CET | IT, New Media & Software

Press release from: Orion Market Research

Core Banking Software Market to Witness Robust Expansion by 2029

The global core banking software market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. The rising adoption of artificial intelligence in the banking sector is expected to fuel the market. The integration of AI in banking processes helps to advance their visualization competencies, resolve customer inquiries and make complex data usable. These technologies support in growing connectivity and deliver advanced security control to banks and financial institutes. The AI-based core banking solutions provide real-time insights to end-users and assist in improving network security, speeding up a digital business, and providing a better customer experience. 

The growing acceptance of such technologies is generating opportunities for companies in the market. For instance, in May 2021, Fern Software launched Quantum AI, a loan decision engine powered by Salesforce Einstein Artificial Learning technologies, which can rapidly and accurately determine loan decisions for any financial institution. Quantum AI uses financial institution's customer loan portfolios to support financial services inputs from open banking and Credit Referencing Agencies (CRAs) to determine loan decisions efficiently. Quantum AI executes various decision flows to identify trends based on historical data to accurately generate loan predictions after the submission of loan applications with a 92.7% prediction accuracy rate. The adoption of such technology may result in raising loan volume and reducing operational costs. Owing to such advantages provided by AI-based technologies banks are ready to accept new banking solutions and contribute to the growth of the core banking software market. 

To Request a Sample of our Report on Core Banking Software Market:  https://www.omrglobal.com/request-sample/core-banking-software-market

Market Coverage

The market number available for - 2021-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Solution Type
By Service Type
By Deployment Type
By End User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Capgemini., C-Edge Technologies, Computer Services, Inc., EdgeVerve Systems Ltd., Finastra, FIS, Fiserv, Inc., HCL Technologies Ltd., IBM, Infrasoft Technologies, Jack Henry & Associates, Inc, Microsoft, and others.

Core Banking Software Market Report by Segment

By Solution Type

Enterprise Customer Solutions
Loans
Deposits

By Service Type

Professional Service
Managed Service

By Deployment Type

On-premise
Cloud

By End User

Banks
Financial Institutes
Others (Credit Unions)

A full Report of Core Banking Software Market is Available @  https://www.omrglobal.com/industry-reports/core-banking-software-market

Core Banking Software Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

C-Edge Technologies
Computer Services, Inc. 
EdgeVerve Systems Ltd.
Fern Software Ltd.
FIS
Fiserv, Inc.
HCL Technologies Ltd.
IBM Corp
Infrasoft Technologies Ltd
Jack Henry & Associates, Inc
Microsoft  Corp
NCR Corp.
SAP SE
Tata Consultancy Services Ltd.
Unisys Corp
VSoft Technologies Pvt. Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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