Global Third-party Banking Software Market 2024-2028

The third-party banking software market is forecasted to grow by USD 12.31 bn during 2023-2028, accelerating at a CAGR of 7.55% during the forecast period. The report on the third-party banking software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing use of digital payment solutions, increased need for greater customer satisfaction, and need for enhanced efficiency in banking operations.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.8%
CAGR	7.55%
Incremental Value	$12.31bn

Technavio's third-party banking software market is segmented as below:

By Type

Core banking software
Omnichannel banking software
Business intelligence software
Wealth management software

By Deployment

On-premises
Cloud

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the incorporation of analytics into third-party banking software as one of the prime reasons driving the third-party banking software market growth during the next few years. Also, rising adoption of customer-centric banking experiences and growing number of digital wallets will lead to sizable demand in the market.

The report on the third-party banking software market covers the following areas:

Third-party banking software market sizing
Third-party banking software market forecast
Third-party banking software market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading third-party banking software market vendors that include AAZZUR Ltd., American Express Co., ATOM FINANCE INC., Avaloq Group Ltd., Backbase B.V., Banco Bilbao Vizcaya Argentaria SA, Bank of America Corp., Capgemini Service SAS, Capital Banking Solutions, Fidelity National Information Services Inc., Finastra, Fiserv Inc., HCL Technologies Ltd., Infosys Ltd., Intellect Design Arena Ltd., InvestCloud Inc., JPMorgan Chase and Co., Mambu B.V., MicroStrategy Inc., Oracle Corp., Q2 Holdings Inc., Quinenco S.A., SAP SE, SoFi Technologies Inc., Sopra Steria Group SA, Tata Consultancy Services Ltd., Temenos AG, The Goldman Sachs Group Inc., Unisys Corp., Virtusa Corp., Wipro Ltd., ZKAPITOL Technologies Ltd., and Nucleus Software Exports Ltd.. Also, the third-party banking software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR40555

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global third-party banking software market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global third-party banking software market 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Deployment Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Deployment Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Core banking software - Market size and forecast 2023-2028
Exhibit 34: Chart on Core banking software - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Core banking software - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Core banking software - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Core banking software - Year-over-year growth 2023-2028 (%)
6.4 Omnichannel banking software - Market size and forecast 2023-2028
Exhibit 38: Chart on Omnichannel banking software - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Omnichannel banking software - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Omnichannel banking software - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Omnichannel banking software - Year-over-year growth 2023-2028 (%)
6.5 Business intelligence software - Market size and forecast 2023-2028
Exhibit 42: Chart on Business intelligence software - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Business intelligence software - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Business intelligence software - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Business intelligence software - Year-over-year growth 2023-2028 (%)
6.6 Wealth management software - Market size and forecast 2023-2028
Exhibit 46: Chart on Wealth management software - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Wealth management software - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Wealth management software - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Wealth management software - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Type
Exhibit 50: Market opportunity by Type ($ billion)
Exhibit 51: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Deployment

7.1 Market segments
Exhibit 52: Chart on Deployment - Market share 2023-2028 (%)
Exhibit 53: Data Table on Deployment - Market share 2023-2028 (%)
7.2 Comparison by Deployment
Exhibit 54: Chart on Comparison by Deployment
Exhibit 55: Data Table on Comparison by Deployment
7.3 On-premises - Market size and forecast 2023-2028
Exhibit 56: Chart on On-premises - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on On-premises - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on On-premises - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on On-premises - Year-over-year growth 2023-2028 (%)
7.4 Cloud - Market size and forecast 2023-2028
Exhibit 60: Chart on Cloud - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Cloud - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Cloud - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Cloud - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Deployment
Exhibit 64: Market opportunity by Deployment ($ billion)
Exhibit 65: Data Table on Market opportunity by Deployment ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 American Express Co.
Exhibit 119: American Express Co. - Overview
Exhibit 120: American Express Co. - Business segments
Exhibit 121: American Express Co. - Key offerings
Exhibit 122: American Express Co. - Segment focus
12.4 Bank of America Corp.
Exhibit 123: Bank of America Corp. - Overview
Exhibit 124: Bank of America Corp. - Business segments
Exhibit 125: Bank of America Corp. - Key news
Exhibit 126: Bank of America Corp. - Key offerings
Exhibit 127: Bank of America Corp. - Segment focus
12.5 Capital Banking Solutions
Exhibit 128: Capital Banking Solutions - Overview
Exhibit 129: Capital Banking Solutions - Product / Service
Exhibit 130: Capital Banking Solutions - Key offerings
12.6 Fidelity National Information Services Inc.
Exhibit 131: Fidelity National Information Services Inc. - Overview
Exhibit 132: Fidelity National Information Services Inc. - Business segments
Exhibit 133: Fidelity National Information Services Inc. - Key news
Exhibit 134: Fidelity National Information Services Inc. - Key offerings
Exhibit 135: Fidelity National Information Services Inc. - Segment focus
12.7 Finastra
Exhibit 136: Finastra - Overview
Exhibit 137: Finastra - Product / Service
Exhibit 138: Finastra - Key offerings
12.8 Fiserv Inc.
Exhibit 139: Fiserv Inc. - Overview
Exhibit 140: Fiserv Inc. - Business segments
Exhibit 141: Fiserv Inc. - Key offerings
Exhibit 142: Fiserv Inc. - Segment focus
12.9 Infosys Ltd.
Exhibit 143: Infosys Ltd. - Overview
Exhibit 144: Infosys Ltd. - Business segments
Exhibit 145: Infosys Ltd. - Key news
Exhibit 146: Infosys Ltd. - Key offerings
Exhibit 147: Infosys Ltd. - Segment focus
12.10 JPMorgan Chase and Co.
Exhibit 148: JPMorgan Chase and Co. - Overview
Exhibit 149: JPMorgan Chase and Co. - Business segments
Exhibit 150: JPMorgan Chase and Co. - Key offerings
Exhibit 151: JPMorgan Chase and Co. - Segment focus
12.11 Mambu B.V.
Exhibit 152: Mambu B.V. - Overview
Exhibit 153: Mambu B.V. - Product / Service
Exhibit 154: Mambu B.V. - Key offerings
12.12 Oracle Corp.
Exhibit 155: Oracle Corp. - Overview
Exhibit 156: Oracle Corp. - Business segments
Exhibit 157: Oracle Corp. - Key news
Exhibit 158: Oracle Corp. - Key offerings
Exhibit 159: Oracle Corp. - Segment focus
12.13 Q2 Holdings Inc.
Exhibit 160: Q2 Holdings Inc. - Overview
Exhibit 161: Q2 Holdings Inc. - Product / Service
Exhibit 162: Q2 Holdings Inc. - Key offerings
12.14 SAP SE
Exhibit 163: SAP SE - Overview
Exhibit 164: SAP SE - Business segments
Exhibit 165: SAP SE - Key news
Exhibit 166: SAP SE - Key offerings
Exhibit 167: SAP SE - Segment focus
12.15 Tata Consultancy Services Ltd.
Exhibit 168: Tata Consultancy Services Ltd. - Overview
Exhibit 169: Tata Consultancy Services Ltd. - Business segments
Exhibit 170: Tata Consultancy Services Ltd. - Key news
Exhibit 171: Tata Consultancy Services Ltd. - Key offerings
Exhibit 172: Tata Consultancy Services Ltd. - Segment focus
12.16 Temenos AG
Exhibit 173: Temenos AG - Overview
Exhibit 174: Temenos AG - Business segments
Exhibit 175: Temenos AG - Key news
Exhibit 176: Temenos AG - Key offerings
Exhibit 177: Temenos AG - Segment focus
12.17 The Goldman Sachs Group Inc.
Exhibit 178: The Goldman Sachs Group Inc. - Overview
Exhibit 179: The Goldman Sachs Group Inc. - Business segments
Exhibit 180: The Goldman Sachs Group Inc. - Key news
Exhibit 181: The Goldman Sachs Group Inc. - Key offerings
Exhibit 182: The Goldman Sachs Group Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 183: Inclusions checklist
Exhibit 184: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 185: Currency conversion rates for US$
13.4 Research methodology
Exhibit 186: Research methodology
Exhibit 187: Validation techniques employed for market sizing
Exhibit 188: Information sources
13.5 List of abbreviations
Exhibit 189: List of abbreviations