PUBLISHER: KBV Research | PRODUCT CODE: 1804014
PUBLISHER: KBV Research | PRODUCT CODE: 1804014
North America SaaS-based Core Banking Software Market Size, Share & Industry Analysis Report By Deployment, By End-User, By Banking Type, By Country and Growth Forecast, 2025 - 2032
The North America SaaS-based Core Banking Software Market would witness market growth of 18.2% CAGR during the forecast period (2025-2032).
The US market dominated the North America SaaS-based Core Banking Software Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 9,326.3 Million by 2032. The Canada market is experiencing a CAGR of 20.8% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 19.5% during (2025 - 2032). The US and Canada led the North America SaaS-based Core Banking Software Market by Country with a market share of 59.2% and 11% in 2024.
Cloud computing, changing rules, and a growing need for flexible, customer-focused banking solutions have all changed the North American SaaS-based core banking software market in big ways. At first, banks used expensive, inflexible on-premise systems, but they switched to SaaS platforms because they were more scalable and cost-effective, especially smaller banks and fintech startups. Over time, bigger banks and other financial institutions also moved to cloud-based systems to save money on operations, make sure they followed rules like the Dodd-Frank Act, and give employees access to data in real time. Market leaders like Temenos, Finastra, and FIS improved their products by adding AI, machine learning, and blockchain technologies. This made their SaaS solutions more powerful and competitive for a wider range of financial institutions, such as retail banks, credit unions, and wealth management firms.
AI and ML integration to automate tasks, improve fraud detection, and provide personalized customer service are some of the most important trends in the market. Open banking and API ecosystems are making it easier for fintech apps and new digital services to work together, which makes things more compatible and improves the customer experience. Cybersecurity is still a top priority, and providers are spending money on things like encryption, multi-factor authentication, and monitoring threats in real time. As shown by Fiserv's purchase of Finxact and partnerships between Temenos, Finastra, and fintech companies, market players seek growth through strategic acquisitions, partnerships, and alliances. Established leaders and agile fintech newcomers compete fiercely with each other, which drives continuous innovation. This focuses on scalable, secure, and compliant SaaS platforms that can adapt to the changing needs of North American financial institutions.
End-User Outlook
Based on End-User, the market is segmented into Retail Banking, Corporate Banking, Treasury, and Wealth Management. The Retail Banking market segment dominated the US SaaS-based Core Banking Software Market by End-User is expected to grow at a CAGR of 16.6 % during the forecast period thereby continuing its dominance until 2032. Also, The Treasury market is anticipated to grow as a CAGR of 18 % during the forecast period during (2025 - 2032).
Banking Type Outlook
Based on Banking Type, the market is segmented into Large Banks, Midsize Banks, Small Banks, Community Banks, and Credit Unions. Among various Canada SaaS-based Core Banking Software Market by Banking Type; The Large Banks market achieved a market size of USD 631.9 Million in 2024 and is expected to grow at a CAGR of 19.8 % during the forecast period. The Community Banks market is predicted to experience a CAGR of 21.6% throughout the forecast period from (2025 - 2032).
Country Outlook
The US is the world leader in using SaaS-based core banking software. This is because the financial sector is strong, technology is always changing, and the rules are helpful. Banks are moving away from traditional on-premise systems and toward cloud-based solutions to meet compliance requirements like the Dodd-Frank Act and Basel III, while also improving customer experiences, scalability, and cost-effectiveness. AI and ML integration for personalized services and fraud detection, open banking with API-driven architectures, and advanced cybersecurity measures are some of the most important trends. FIS, Fiserv, and Jack Henry & Associates are the biggest players in the market. However, agile fintechs like Mambu and Thought Machine are gaining ground, which encourages new ideas and keeps core banking systems changing all the time.
List of Key Companies Profiled
- nCino, Inc
- Temenos AG
- Mambu B.V
- Oracle Corporation
- Fiserv, Inc.
- Jack Henry & Associates, Inc.
- Finastra Group Holdings Limited (Vista Equity Partners)
- Tata Consultancy Services Ltd.
- SAP SE
- Fidelity National Information Services, Inc.
North America SaaS-based Core Banking Software Market Report Segmentation
By Deployment
- Public Cloud
- Hybrid Cloud
- Private Cloud
By End-User
- Retail Banking
- Corporate Banking
- Treasury
- Wealth Management
By Banking Type
- Large Banks
- Midsize Banks
- Small Banks
- Community Banks
- Credit Unions
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America SaaS-based Core Banking Software Market, by Deployment
- 1.4.2 North America SaaS-based Core Banking Software Market, by End-User
- 1.4.3 North America SaaS-based Core Banking Software Market, by Banking Type
- 1.4.4 North America SaaS-based Core Banking Software Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Market Trends North America SaaS-based Core Banking Software Market
Chapter 5. State of Competition North America SaaS-based Core Banking Software Market
Chapter 6. PLC (Product Life Cycle) - Global SaaS-based Core Banking Software Market
Chapter 7. Market Consolidation - SaaS-based Core Banking Software Market
Chapter 8. Value Chain Analysis of SaaS-based Core Banking Software Market
Chapter 9. Competition Analysis - Global
- 9.1 KBV Cardinal Matrix
- 9.2 Recent Industry Wide Strategic Developments
- 9.2.1 Partnerships, Collaborations and Agreements
- 9.2.2 Product Launches and Product Expansions
- 9.2.3 Acquisition and Mergers
- 9.3 Market Share Analysis, 2024
- 9.4 Top Winning Strategies
- 9.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
- 9.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Dec - 2025, Jun) Leading Players
- 9.5 Porter Five Forces Analysis
Chapter 10. Key Customer Criteria - SaaS-based Core Banking Software Market
Chapter 11. North America SaaS-based Core Banking Software Market by Deployment
- 11.1 North America Public Cloud Market by Country
- 11.2 North America Hybrid Cloud Market by Country
- 11.3 North America Private Cloud Market by Country
Chapter 12. North America SaaS-based Core Banking Software Market by End-User
- 12.1 North America Retail Banking Market by Country
- 12.2 North America Corporate Banking Market by Country
- 12.3 North America Treasury Market by Country
- 12.4 North America Wealth Management Market by Country
Chapter 13. North America SaaS-based Core Banking Software Market by Banking Type
- 13.1 North America Large Banks Market by Country
- 13.2 North America Midsize Banks Market by Country
- 13.3 North America Small Banks Market by Country
- 13.4 North America Community Banks Market by Country
- 13.5 North America Credit Unions Market by Country
Chapter 14. North America SaaS-based Core Banking Software Market by Country
- 14.1 US SaaS-based Core Banking Software Market
- 14.1.1 US SaaS-based Core Banking Software Market by Deployment
- 14.1.2 US SaaS-based Core Banking Software Market by End-User
- 14.1.3 US SaaS-based Core Banking Software Market by Banking Type
- 14.2 Canada SaaS-based Core Banking Software Market
- 14.2.1 Canada SaaS-based Core Banking Software Market by Deployment
- 14.2.2 Canada SaaS-based Core Banking Software Market by End-User
- 14.2.3 Canada SaaS-based Core Banking Software Market by Banking Type
- 14.3 Mexico SaaS-based Core Banking Software Market
- 14.3.1 Mexico SaaS-based Core Banking Software Market by Deployment
- 14.3.2 Mexico SaaS-based Core Banking Software Market by End-User
- 14.3.3 Mexico SaaS-based Core Banking Software Market by Banking Type
- 14.4 Rest of North America SaaS-based Core Banking Software Market
- 14.4.1 Rest of North America SaaS-based Core Banking Software Market by Deployment
- 14.4.2 Rest of North America SaaS-based Core Banking Software Market by End-User
- 14.4.3 Rest of North America SaaS-based Core Banking Software Market by Banking Type
Chapter 15. Company Profiles
- 15.1 nCino, Inc
- 15.1.1 Company Overview
- 15.1.2 Financial Analysis
- 15.1.3 Regional Analysis
- 15.1.4 Research & Development Expenses
- 15.1.5 Recent strategies and developments:
- 15.1.5.1 Partnerships, Collaborations, and Agreements:
- 15.1.5.2 Product Launches and Product Expansions:
- 15.1.5.3 Acquisition and Mergers:
- 15.1.6 SWOT Analysis
- 15.2 Temenos AG
- 15.2.1 Company Overview
- 15.2.2 Financial Analysis
- 15.2.3 Segmental Analysis
- 15.2.4 Recent strategies and developments:
- 15.2.4.1 Partnerships, Collaborations, and Agreements:
- 15.2.4.2 Product Launches and Product Expansions:
- 15.2.5 SWOT Analysis
- 15.3 Mambu B.V.
- 15.3.1 Company Overview
- 15.3.2 Recent strategies and developments:
- 15.3.2.1 Partnerships, Collaborations, and Agreements:
- 15.3.2.2 Product Launches and Product Expansions:
- 15.4 Oracle Corporation
- 15.4.1 Company Overview
- 15.4.2 Financial Analysis
- 15.4.3 Segmental and Regional Analysis
- 15.4.4 Research & Development Expense
- 15.4.5 Recent strategies and developments:
- 15.4.5.1 Product Launches and Product Expansions:
- 15.4.6 SWOT Analysis
- 15.5 Fiserv, Inc.
- 15.5.1 Company Overview
- 15.5.2 Financial Analysis
- 15.5.3 Segmental and Regional Analysis
- 15.5.4 Recent strategies and developments:
- 15.5.4.1 Acquisition and Mergers:
- 15.6 Jack Henry & Associates, Inc.
- 15.6.1 Company Overview
- 15.6.2 Financial Analysis
- 15.6.3 Research & Development Expenses
- 15.7 Finastra Group Holdings Limited (Vista Equity Partners)
- 15.7.1 Company Overview
- 15.7.2 Recent strategies and developments:
- 15.7.2.1 Partnerships, Collaborations, and Agreements:
- 15.8.1 Company Overview
- 15.8.2 Financial Analysis
- 15.8.3 Segmental and Regional Analysis
- 15.8.4 Research & Development Expenses
- 15.8.5 SWOT Analysis
- 15.9 SAP SE
- 15.9.1 Company Overview
- 15.9.2 Financial Analysis
- 15.9.3 Regional Analysis
- 15.9.4 Research & Development Expense
- 15.9.5 SWOT Analysis
- 15.10. Fidelity National Information Services, Inc.
- 15.10.1 Company Overview
- 15.10.2 Financial Analysis
- 15.10.3 Segmental and Regional Analysis
- 15.10.4 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America SaaS-based Core Banking Software Market, 2021 - 2024, USD Million
- TABLE 2 North America SaaS-based Core Banking Software Market, 2025 - 2032, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- SaaS-based Core Banking Software Market
- TABLE 4 Product Launches And Product Expansions- SaaS-based Core Banking Software Market
- TABLE 5 Acquisition and Mergers- SaaS-based Core Banking Software Market
- TABLE 6 Key Customer Criteria - SaaS-based Core Banking Software Market
- TABLE 7 North America SaaS-based Core Banking Software Market by Deployment, 2021 - 2024, USD Million
- TABLE 8 North America SaaS-based Core Banking Software Market by Deployment, 2025 - 2032, USD Million
- TABLE 9 North America Public Cloud Market by Country, 2021 - 2024, USD Million
- TABLE 10 North America Public Cloud Market by Country, 2025 - 2032, USD Million
- TABLE 11 North America Hybrid Cloud Market by Country, 2021 - 2024, USD Million
- TABLE 12 North America Hybrid Cloud Market by Country, 2025 - 2032, USD Million
- TABLE 13 North America Private Cloud Market by Country, 2021 - 2024, USD Million
- TABLE 14 North America Private Cloud Market by Country, 2025 - 2032, USD Million
- TABLE 15 North America SaaS-based Core Banking Software Market by End-User, 2021 - 2024, USD Million
- TABLE 16 North America SaaS-based Core Banking Software Market by End-User, 2025 - 2032, USD Million
- TABLE 17 North America Retail Banking Market by Country, 2021 - 2024, USD Million
- TABLE 18 North America Retail Banking Market by Country, 2025 - 2032, USD Million
- TABLE 19 North America Corporate Banking Market by Country, 2021 - 2024, USD Million
- TABLE 20 North America Corporate Banking Market by Country, 2025 - 2032, USD Million
- TABLE 21 North America Treasury Market by Country, 2021 - 2024, USD Million
- TABLE 22 North America Treasury Market by Country, 2025 - 2032, USD Million
- TABLE 23 North America Wealth Management Market by Country, 2021 - 2024, USD Million
- TABLE 24 North America Wealth Management Market by Country, 2025 - 2032, USD Million
- TABLE 25 North America SaaS-based Core Banking Software Market by Banking Type, 2021 - 2024, USD Million
- TABLE 26 North America SaaS-based Core Banking Software Market by Banking Type, 2025 - 2032, USD Million
- TABLE 27 North America Large Banks Market by Country, 2021 - 2024, USD Million
- TABLE 28 North America Large Banks Market by Country, 2025 - 2032, USD Million
- TABLE 29 North America Midsize Banks Market by Country, 2021 - 2024, USD Million
- TABLE 30 North America Midsize Banks Market by Country, 2025 - 2032, USD Million
- TABLE 31 North America Small Banks Market by Country, 2021 - 2024, USD Million
- TABLE 32 North America Small Banks Market by Country, 2025 - 2032, USD Million
- TABLE 33 North America Community Banks Market by Country, 2021 - 2024, USD Million
- TABLE 34 North America Community Banks Market by Country, 2025 - 2032, USD Million
- TABLE 35 North America Credit Unions Market by Country, 2021 - 2024, USD Million
- TABLE 36 North America Credit Unions Market by Country, 2025 - 2032, USD Million
- TABLE 37 North America SaaS-based Core Banking Software Market by Country, 2021 - 2024, USD Million
- TABLE 38 North America SaaS-based Core Banking Software Market by Country, 2025 - 2032, USD Million
- TABLE 39 US SaaS-based Core Banking Software Market, 2021 - 2024, USD Million
- TABLE 40 US SaaS-based Core Banking Software Market, 2025 - 2032, USD Million
- TABLE 41 US SaaS-based Core Banking Software Market by Deployment, 2021 - 2024, USD Million
- TABLE 42 US SaaS-based Core Banking Software Market by Deployment, 2025 - 2032, USD Million
- TABLE 43 US SaaS-based Core Banking Software Market by End-User, 2021 - 2024, USD Million
- TABLE 44 US SaaS-based Core Banking Software Market by End-User, 2025 - 2032, USD Million
- TABLE 45 US SaaS-based Core Banking Software Market by Banking Type, 2021 - 2024, USD Million
- TABLE 46 US SaaS-based Core Banking Software Market by Banking Type, 2025 - 2032, USD Million
- TABLE 47 Canada SaaS-based Core Banking Software Market, 2021 - 2024, USD Million
- TABLE 48 Canada SaaS-based Core Banking Software Market, 2025 - 2032, USD Million
- TABLE 49 Canada SaaS-based Core Banking Software Market by Deployment, 2021 - 2024, USD Million
- TABLE 50 Canada SaaS-based Core Banking Software Market by Deployment, 2025 - 2032, USD Million
- TABLE 51 Canada SaaS-based Core Banking Software Market by End-User, 2021 - 2024, USD Million
- TABLE 52 Canada SaaS-based Core Banking Software Market by End-User, 2025 - 2032, USD Million
- TABLE 53 Canada SaaS-based Core Banking Software Market by Banking Type, 2021 - 2024, USD Million
- TABLE 54 Canada SaaS-based Core Banking Software Market by Banking Type, 2025 - 2032, USD Million
- TABLE 55 Mexico SaaS-based Core Banking Software Market, 2021 - 2024, USD Million
- TABLE 56 Mexico SaaS-based Core Banking Software Market, 2025 - 2032, USD Million
- TABLE 57 Mexico SaaS-based Core Banking Software Market by Deployment, 2021 - 2024, USD Million
- TABLE 58 Mexico SaaS-based Core Banking Software Market by Deployment, 2025 - 2032, USD Million
- TABLE 59 Mexico SaaS-based Core Banking Software Market by End-User, 2021 - 2024, USD Million
- TABLE 60 Mexico SaaS-based Core Banking Software Market by End-User, 2025 - 2032, USD Million
- TABLE 61 Mexico SaaS-based Core Banking Software Market by Banking Type, 2021 - 2024, USD Million
- TABLE 62 Mexico SaaS-based Core Banking Software Market by Banking Type, 2025 - 2032, USD Million
- TABLE 63 Rest of North America SaaS-based Core Banking Software Market, 2021 - 2024, USD Million
- TABLE 64 Rest of North America SaaS-based Core Banking Software Market, 2025 - 2032, USD Million
- TABLE 65 Rest of North America SaaS-based Core Banking Software Market by Deployment, 2021 - 2024, USD Million
- TABLE 66 Rest of North America SaaS-based Core Banking Software Market by Deployment, 2025 - 2032, USD Million
- TABLE 67 Rest of North America SaaS-based Core Banking Software Market by End-User, 2021 - 2024, USD Million
- TABLE 68 Rest of North America SaaS-based Core Banking Software Market by End-User, 2025 - 2032, USD Million
- TABLE 69 Rest of North America SaaS-based Core Banking Software Market by Banking Type, 2021 - 2024, USD Million
- TABLE 70 Rest of North America SaaS-based Core Banking Software Market by Banking Type, 2025 - 2032, USD Million
- TABLE 71 Key Information - nCino, Inc
- TABLE 72 Key Information - Temenos AG
- TABLE 73 Key Information - Mambu B.V.
- TABLE 74 Key Information - Oracle Corporation
- TABLE 75 Key Information - Fiserv, Inc.
- TABLE 76 Key Information - Jack Henry & Associates, Inc.
- TABLE 77 Key Information - Finastra Group Holdings Limited
- TABLE 78 Key Information - Tata Consultancy Services Ltd.
- TABLE 79 Key Information - SAP SE
- TABLE 80 Key Information - Fidelity National Information Services, Inc.
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America SaaS-based Core Banking Software Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting North America SaaS-based Core Banking Software Market
- FIG 4 KBV Cardinal Matrix
- FIG 5 Market Share Analysis, 2024
- FIG 6 Key Leading Strategies: Percentage Distribution (2021-2025)
- FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Dec - 2025, Jun) Leading Players
- FIG 8 Porter's Five Forces Analysis - SaaS-based Core Banking Software Market
- FIG 9 Key Customer Criteria - SaaS-based Core Banking Software Market
- FIG 10 North America SaaS-based Core Banking Software Market share by Deployment, 2024
- FIG 11 North America SaaS-based Core Banking Software Market share by Deployment, 2032
- FIG 12 North America SaaS-based Core Banking Software Market by Deployment, 2021 - 2032, USD Million
- FIG 13 North America SaaS-based Core Banking Software Market share by End-User, 2024
- FIG 14 North America SaaS-based Core Banking Software Market share by End-User, 2032
- FIG 15 North America SaaS-based Core Banking Software Market by End-User, 2021 - 2032, USD Million
- FIG 16 North America SaaS-based Core Banking Software Market share by Banking Type, 2024
- FIG 17 North America SaaS-based Core Banking Software Market share by Banking Type, 2032
- FIG 18 North America SaaS-based Core Banking Software Market by Banking Type, 2021 - 2032, USD Million
- FIG 19 North America SaaS-based Core Banking Software Market share by Country, 2024
- FIG 20 North America SaaS-based Core Banking Software Market share by Country, 2032
- FIG 21 North America SaaS-based Core Banking Software Market by Country, 2021 - 2032, USD Million
- FIG 22 Recent strategies and developments: nCino, Inc
- FIG 23 SWOT Analysis: nCino, Inc.
- FIG 24 Recent strategies and developments: Temenos AG
- FIG 25 Swot Analysis: Temenos AG
- FIG 26 Recent strategies and developments: Mambu B.V
- FIG 27 SWOT Analysis: Oracle Corporation
- FIG 28 SWOT Analysis: Tata Consultancy Services Ltd.
- FIG 29 SWOT Analysis: SAP SE
- FIG 30 SWOT Analysis: Fidelity National Information Services, Inc.
