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市場調查報告書
商品編碼
1528205
全球核心銀行軟體市場評估:依部署方法、依最終用戶、依組件、依銀行類型、依地區、機會、預測(2017-2031)Core Banking Software Market Assessment, By Deployment Mode, By End-user, By Component, Banking Type, By Region, Opportunities and Forecast, 2017-2031F |
全球核心銀行軟體市場規模預計將從2023年的 150.8億美元增至2031年的 457億美元,預計2024-2031年期間年複合成長率為 14.87%。技術進步、客戶期望、監管合規性、成本效率、全球化和市場擴張、資料分析以及行動銀行使用量的增加等因素推動對核心銀行軟體的需求,導致市場成長。另一方面,人工智慧的出現和基於人工智慧的銀行系統的採用預計將為預測期內的市場成長提供有利的機會。
例如,世界銀行於2024年 2月啟動了一個名為 MALENA 的計畫。它是一個人工智慧驅動的平台,可以從新興市場的環境、社會和治理(ESG)資料中提取投資見解。該計畫目的是透過利用人工智慧分析大量資料並提高透明度和決策來支持全球投資。這項措施符合將人工智慧融入銀行系統以釋放新機會並推動市場成長的更廣泛趨勢。
銀行軟體透過在各個分行實現即時線上交易,徹底改變了銀行服務。這些平台允許用戶輕鬆管理他們的帳戶、交易和監控他們的餘額。它還透過靈活的架構支援日記帳分錄和帳戶創建等重要任務,實現無縫更新,使其成為現代銀行業的基石。核心銀行軟體(CBS)是銀行機構的支柱,可實現高效的交易處理、支付管理和財務記錄保存。集中線上銀行功能並增強用戶對貸款和帳戶管理等服務的存取。該市場由對金融科技技術和 CBS 解決方案的大量投資推動,反映了對簡化客戶帳戶管理和安全數位銀行體驗不斷成長的需求。這強調了適應性軟體解決方案在維持持續卓越服務方面的重要性。
日益採用基於人工智慧的銀行系統推動市場成長
雲端運算、巨量資料分析和人工智慧等新技術的引進改變銀行的運作方式,使其更有效率、更方便客戶。人工智慧驅動的創新可協助銀行視覺化資料、立即回應客戶查詢,並將高度複雜的資料轉化為有意義的見解。南京資訊工程大學發表的一項研究表明,銀行專業人士依靠人工智慧驅動的輸出進行業務分析和策略決策。人工智慧驅動的聊天機器人和數位助理已成為銀行核心系統的重要組成部分,確保始終提供無縫的客戶支援。這些系統可以即時排除故障並解決問題並改善整體客戶體驗。基於人工智慧的核心銀行軟體提供的即時洞察可增強網路安全並加速數位轉型。隨著此類技術的快速採用,預計將出現進一步的重大成長機會。銀行業的未來與人工智慧的使用密切相關。這就是為什麼業界領先公司紛紛結成策略聯盟以開發創新人工智慧解決方案的原因。2023年 10月,Sopra Banking Software 宣布推出其首個支援 AI 的 SaaS 核心銀行系統。
本報告研究和分析了全球核心銀行軟體市場,提供市場規模和預測、市場動態以及主要參與者的現狀和前景。
Global core banking software is projected to witness a CAGR of 14.87% during the forecast period 2024-2031, growing from USD 15.08 billion in 2023 to USD 45.70 billion in 2031. Factors such as technological advancements, customer expectations, regulatory compliance, cost efficiency, globalization and market expansion, data analytics, and increase in the use of mobile banking aids the requirement of a core banking software leading to market growth. On the contrary, the emergence of AI and adoption of an AI-based banking system is expected to provide profitable opportunities for market growth during the forecast period.
For instance, in February 2024, World Bank started a project called MALENA which is an AI-powered platform extracts investment insights from Environmental, Social and Governance (ESG) data in emerging markets. The project aims to support global investments by leveraging AI to analyze vast amounts of data, thereby enhancing transparency and decision-making. This initiative aligns with the broader trend of integrating AI into banking systems to unlock new opportunities and drive market growth.
Banking software have revolutionized banking services by enabling real-time online transactions across various branches. These platforms empower users to effortlessly manage their accounts, conduct transactions, and monitor balances. They serve as the cornerstone of modern banking operations, supporting crucial tasks such as journal entries and account creation with agile architecture for seamless updates. Core Banking Software (CBS) acts as the backbone of banking institutions, ensuring efficient transaction processing, payment management, and financial record-keeping. It offers centralized online banking capabilities, enhancing user access to services like loans and account management. The market is driven by substantial investments in fintech technologies and CBS solutions, reflecting a growing demand for streamlined customer account management and secure digital banking experiences. This underscores the importance of adaptable software solutions in maintaining continuous service excellence.
Increasing Adoption of Artificial Intelligence-based Banking Systems Promotes Market Growth
The infusion of newer technologies, such as cloud computing, big data analytics, and artificial intelligence, is altering the way banks operate, making them more efficient and customer friendly. AI-driven innovations assist banks in visualizing data, respond to customer queries almost in a jiffy, and convert highly complex data into meaningful insights. According to a study published through Nanjing University of Information Science and Technology, banking professionals are dependent on AI-driven output for some robust business analysis and strategic decision-making. AI-driven chatbots and digital assistants have become an intrinsic part of the core banking system in ensuring constant and seamless customer support. These systems troubleshoot in real-time, addressing issues besides elevating the overall customer experience. Real-time insights provided by AI-based core banking software enhance network security and speed up digital transformation, hence improving service delivery, increasing consumer satisfaction. With the surging adoption of such technologies, more key growth opportunities are expected to open. The future of banking is closely linked to harnessing artificial intelligence. As such, critical industry players have been entering into strategic collaborations for innovative AI solutions. In October 2023, Sopra Banking Software launched the First AI-Enabled Core Banking System as a Software-as-a-Service.
Rise in Fintech Drives Growth of Market
Initially, core banking software were merely treated as a supplement to the banking sector. With time, the market has transformed with innovative traditional practices, leading to market growth. Fintech has been able to attract large investments. Large financial markets players, such as Citigroup and JPMorgan Chase & Co., have started strengthening their fintech investments, something that could turn out to be strategic with regard to the adoption of advanced solutions into their operations. The outlook of investors remains quite conservative in the beginning of 2024. In fact, characterized by key concerns such as sustainable profitability, the development prospects for the fintech sector remains robust. It can be more clearly seen in sectors such as community banks that need innovative core banking software to improve operational efficiency. The adoption of these technologies across various banking types, including mid-size banks, small banks, and credit unions, further propels market expansion, fostering a dynamic landscape driven by innovation and digital transformation. In December 2023, Saudi Arabian Buy Now Pay Later Provider deal was closed at USD 340 million funding round. The deal, which made the company the first homegrown FinTech unicorn in Saudi Arabia, was raised through a Series C round.
North America Dominated the Market Due to Innovations
North America dominated the share of the global core banking software market. The region has a history of being early technology adopters. In February 2023, Arvest Bank introduced its inaugural cloud-based equipment financing product, exemplifying the region's progressive approach. The focus on modernizing core infrastructure among major regional banks is set to bolster regional growth. Concurrently, small and medium-sized enterprises in the region are increasingly leveraging these advanced solutions to facilitate seamless financial operations. This trend, coupled with expanding business scopes and applications, is poised to accelerate market growth in the forecast period.
Meanwhile, Asia-Pacific is anticipated to experience the most rapid growth during the forecast period. The uptake of mobile and web-based banking applications is driving the growth along with efforts by regional banks to enhance transaction processing capabilities and uninterrupted banking services through advanced core banking systems.
On-premises Deployment Dominated the Global Core Banking Software Market Share
The on-premises segment dominated the market in 2023. By building an on-premise solution, companies take full responsibility for the integration, IT-related problems, and security involved. Companies that work over legacy platforms are mostly in collaboration with IT professionals to recover data from security threats and control operation costs incurred. Most of the traditional banks use on-premises solutions due to the established infrastructure and keeping control of the security of the data. These are located in the bank's own servers at their premises, which are better protected compared to cloud computing infrastructure. On-premises data centers require hands-on hardware and software maintenance. Software on-premises requires an enterprise to buy a license or copy of the software for use in-house. The software resides wholly within the premises of the organization, generally better protected compared with cloud computing infrastructure. However, the on-premises solution may be very expensive compared to a cloud computing environment, as it is inclined more toward in-house server hardware and software licenses with integration capabilities, apart from requiring dedicated IT staff for support and management in case of any issues in the solution. However, the trend is slowly shifting toward hybrid models that combine both on-premises and cloud-based systems.
Future Market Scenario (2024 - 2031F)
AI will push banks to create greater products that meet basic client demands with the least amount of people involved, right from providing information on savings suggestions to expenditure analysis. AI can furnish banks with information on goods and services, profit margins, and expenses.
The credibility of AI solutions poses a significant concern that must be effectively managed to secure widespread acceptance of AI within the banking sector. It is imperative that all stakeholders in the banking industry actively collaborate to promote the responsible adoption of AI.
Regulators will be more proactive in enforcing policies to safeguard the transparency of AI algorithms, eliminate bias, protect data privacy, and guarantee fair use of customer information. Likewise, banks and service providers will ensure responsible use of AI rather than focusing on the economic gain derived from the innovation.
More banks will be shifting towards the hybrid model of deployment to enable the cost benefits of cloud model and to ensure data privacy.
Key Players Landscape and Outlook
The global core banking software market is highly competitive, with several key players driving innovation and growth. The core banking software market is expected to grow significantly over the next decade, driven by factors such as technological advancements, increasing customer expectations, regulatory compliance, and the need for cost efficiency. The adoption of AI, cloud computing, and data analytics is transforming the landscape, enabling banks to offer more personalized and efficient services.
In April 2024, Fiserv, the US-based fintech and financial services company, wanted to expand its business in India, the biggest market in Asia-Pacific. It plans to launch its payment solution product, Clover, as per the announcement made by the President of Global Services and Global Practice Leader for Implementations at Fiserv.
In February 2024, Capital Bank received the "Best Implementation of Core Banking Services" award from IBS Intelligence in 2023, marking a significant achievement in the year. The award specifically highlights how the bank utilized Temenos' core banking solutions to launch a transformative project aimed at upgrading its core banking system.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.