Press release
Global Retail Core Banking Solution Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Retail Core Banking Solution Market Size
What Is the Retail Core Banking Solution Market Size and Projected Growth Rate?
The market for retail core banking solutions has expanded significantly in the past few years. Its growth trajectory predicts an increase from $4.94 billion in 2024 to $5.45 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.4%. Factors contributing to this growth during the historic period include regulatory compliance norms, increased consumer preference for digital services, improvements in operational efficiency and cost-cutting measures, heightened data security and privacy, competition, and overall market trends.
The market size of retail core banking solutions is predicted to experience robust growth in the upcoming years, eventually reaching a value of $7.92 billion in 2029, with a compound annual growth rate (CAGR) of 9.8%. The expansion in the predicted period is due to factors such as the implementation of digital transformations, the incorporation of business intelligence and analytics, the move towards cloud-based solutions, the application of open banking and API integrations, and the emphasis on customer experience. Key trends for the predicted period encompass regulatory compliance, instantaneous transactions, improvements in mobile banking, the use of analytics for business understanding, and collaboration in the ecosystem.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=11910
What Are the Major Segments in the Retail Core Banking Solution Market?
The retail core banking solution market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: Cloud, On-Premises
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Regulatory Compliance, Risk Management, Digital Banking, Data Storage, Other Applications
Subsegments:
1) By Solution: Core Banking Software, Digital Banking Platforms, Payment Processing Solutions, Customer Relationship Management (CRM) Systems
2) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=11910&type=smp
What Are The Driving Retail Core Banking Solution Market Evolution?
The increasing customer appetite for mobile and internet banking is acting as a primary catalyst for the expansion of the retail core banking solutions market. Mobile banking is a financial provision enabling clients to leverage mobile gadgets like smartphones or tablets to access their bank accounts and execute a variety of financial operations. Internet banking is a service enabling clients to perform a wide range of banking tasks and financial transactions through the internet. The purpose of retail core banking solutions is to integrate these internet banking facilities with the bank's regular functional channels, ensuring operational continuity. Retail core banking solutions also aim to provide speedier mobile banking services to customers. For instance, data from October 2023 from MoneyTransfers.com, a UK-based digital platform, anticipates the number of digital banking users rising from 208 million in 2023 to 212.8 million in 2024, showing a consistent increase in digital banking usage. Consequently, this surge in customer demand for mobile and internet banking is expected to steer the growth of the retail core banking solutions market.
Which Firms Dominate The Retail Core Banking Solution Market Segments?
Major companies operating in the retail core banking solution market include Mambu GmbH, Oracle Corporation, SAP SE, Tata Consultancy Services Limited, Infosys Limited, Fiserv Inc., Fidelity National Information Services Inc. (FIS), Wipro Core Banking As-a-Service, Polaris Software, Unisys Corporation, Jack Henry & Associates Inc, Finastra Group Holdings Limited, Temenos AG, EdgeVerve, Sopra Banking Software, InfrasoftTech, Backbase B.V, Silverlake Axis, 3i Infotech, Nucleus Software, Neptune Software, Profile Software, ICS Financial Systems, Kiya.ai, HES Core
What Trends Are Expected to Dominate the Retail Core Banking Solution Market in the Next 5 Years?
The primary trend gaining traction in the retail core banking solution market is the advancement in technology. Major players in this market are concentrating on the incorporation of cutting-edge technologies like cloud-native platforms and digital transformation tools. For instance, Arvest Bank, a financial services company based in the US, unveiled a new lending service in February 2023 utilizing Thought Machine's cloud-native core banking technology. This product leverages the Vault Core banking platform, helping to eliminate inefficiencies in the country's equipment finance market worth over $1 trillion. This application enables Arvest to rapidly differentiate its complete banking experience and create financial products.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/retail-core-banking-solution-global-market-report
Which Is The Largest Region In The Retail Core Banking Solution Market?
North America was the largest region in the retail core banking solution market in 2024. The regions covered in the retail core banking solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retail Core Banking Solution Market?
2. What is the CAGR expected in the Retail Core Banking Solution Market?
3. What Are the Key Innovations Transforming the Retail Core Banking Solution Industry?
4. Which Region Is Leading the Retail Core Banking Solution Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Retail Core Banking Solution Market Outlook 2025-2034: Trends, Innovations, And Future Outlook here
News-ID: 4000820 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Bank
Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective…
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf.
This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank of …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other…
