The Core Banking Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Core Banking Software Market?
The market size for core banking software has experienced significant expansion recently. The market was valued at $13.32 billion in 2024 and is predicted to increase to $14.43 billion in 2025. This represents a compound annual growth rate (CAGR) of 8.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Core Banking Software Industry?
The market size for Core Banking Software is predicted to grow to $22.94 billion by 2029, advancing at a compound annual growth rate (CAGR) of 12.3%.
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What are the Key Growth Drivers Fueling the Core Banking Software Market?
The key drivers in the core banking software market are:
• The need for real-time payments and reporting
• The push towards sustainable banking
• Increased pressure for cost efficiency and scalability
• Rising concerns regarding data security and privacy
Global Market Segmentation: Identifying Major Core Banking Software Industry Segments
The core banking software market covered in this report is segmented –
1) By Service: Professional Service, Managed Service
2) By Solution: Deposits, Loans, Enterprise Customer Solutions, Other Solutions
3) By Software Deployment: Cloud, On-Premise
4) By End-Use: Banks, Financial Institutions, Other End Users
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What are the Emerging Trends Shaping the Future of the Core Banking Software Market?
The key trends in the core banking software market are:
• The adoption of cloud technology is a major emerging trend in the core banking software market.
• Data analytics and Artificial Intelligence are increasingly shaping the future of the industry.
• Cybersecurity is becoming an important focus due to the sensitive nature of banking data.
• Enhanced customer experience, blockchain integration, API economy, and microservices architecture are all increasing in importance within the market.
Who Are the Top Competitors & Leading Players in the Core Banking Software Market?
Major companies in the core banking software market are:
• SAP SE
• Capgemini SE
• Infosys Limited
• Oracle Corporation
• Alkami Technology Inc.
• Avaloq Group AG
• Computer Business Solutions Inc.
• eClerx Services Ltd.
• Fidelity National Information Services Inc.
• Finastra International Ltd.
• FinnOne Neo Customer Acquisition System
• Fiserv Inc.
• HCL Technologies Ltd.
• Infrasoft Technologies Ltd.
• Intellect Design Arena Ltd.
• Jack Henry & Associates Inc.
• Mambu GmbH
• NCR Corporation
• Neptune Software Ltd.
• Newgen Software Technologies Ltd.
• Path Solutions India Pvt. Ltd.
• Virtusa Corporation
• Profile Systems and Software S.A.
• Silverlake Axis Ltd.
• Sopra Banking Software Ltd.
• T24 Ltd.
• Tata Consultancy Services
• Temenos AG
• Virmati Software & Telecommunications Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the core banking software market in 2024
