Global Core Banking Software Market Size & Outlook
Global core banking software market, 2017-2030 (US$M)
Related Markets
Global core banking software market highlights
- The global core banking software market generated a revenue of USD 11,566.8 million in 2023 and is expected to reach USD 21,610.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.3% by 2030.
- In terms of segment, solution accounted for a revenue of USD 7,409.4 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 11,566.8 million |
| Market revenue in 2030 | USD 21,610.3 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 27.2% of the global core banking software market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 4,176.4 million by 2030.
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Core Banking Software Market Scope
Core Banking Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global core banking software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to core banking software market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.06% in 2023. Horizon Databook has segmented the Global core banking software market based on solution, service covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Core Banking Software Component Outlook (Revenue, USD Million, 2017-2030)
- Solution
- Deposits
- Loans
- Enterprise Customer Solutions
- Others
- Service
- Professional Service
- Managed Service
- Solution
- Global Core Banking Software Deployment Outlook (Revenue, USD Million, 2017-2030)
- Cloud
- On-premise
- Global Core Banking Software End Use Outlook (Revenue, USD Million, 2017-2030)
- Banks
- Financial Institutions
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global core banking software market , including forecasts for subscribers. This global databook contains high-level insights into Global core banking software market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global core banking software market size, by regions, 2017-2030 (US$M)
Top 10 countries: Core banking software market size, 2023 (US$M)
Global core banking software market share, by component, 2023 & 2030 (%, US$M)
Core banking software market: Opportunity assessment by country
Global core banking software market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,612.5 | 2,678.3 | 2,756.3 | 2,827.3 | 2,911.8 | 3,016.9 | 3,143.1 | 3,296.9 | 3,483.0 | 3,709.0 | 3,983.0 | 4,299.5 | 4,675.2 | 5,118.9 | 7.2% |
| Europe | 2,279.2 | 2,363.6 | 2,460.4 | 2,558.4 | 2,670.2 | 2,803.5 | 2,960.0 | 3,146.2 | 3,368.2 | 3,634.5 | 3,954.9 | 4,328.2 | 4,770.4 | 5,294.3 | 8.7% |
| Asia Pacific | 1,946.2 | 2,057.5 | 2,183.4 | 2,318.4 | 2,470.3 | 2,649.3 | 2,857.0 | 3,101.7 | 3,391.4 | 3,737.6 | 4,153.6 | 4,644.4 | 5,229.1 | 5,928.6 | 11.0% |
| Latin America | 1,039.3 | 1,096.7 | 1,161.4 | 1,231.0 | 1,309.3 | 1,402.8 | 1,511.2 | 1,638.7 | 1,789.5 | 1,969.5 | 2,184.9 | 2,436.7 | 2,736.3 | 3,093.3 | 10.8% |
| MEA | 769.8 | 809.8 | 854.9 | 903.4 | 956.5 | 1,021.0 | 1,095.6 | 1,183.3 | 1,287.0 | 1,410.6 | 1,558.1 | 1,730.2 | 1,933.8 | 2,175.3 | 10.3% |
| Overall | 8,647.0 | 9,005.8 | 9,416.5 | 9,838.6 | 10,318.1 | 10,893.5 | 11,566.8 | 12,366.7 | 13,319.0 | 14,461.1 | 15,834.5 | 17,439.0 | 19,344.8 | 21,610.3 | 9.3% |
Related regional statistics
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