#Core #Banking #Solution #Market #Projected #Hit #USD
New York, US, Oct. 06, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Core Banking Solution Market Research Report: By Component, Deployment, and Region – Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2020 to 2030 at a healthy CAGR of approximately 5.4% to attain a valuation of around USD 10.31 Billion by the end of 2030.
Core Banking Solution Market Overview:
The core banking process refers to the back-end procedure following the banking transaction between various bank branches on a single platform. The global market for core banking has expanded in the recent years. The expanding number of online transactions is the primary parameter supporting the market’s growth. Furthermore, the high internet usage in recent days is another crucial parameter boosting the market’s growth over the review timeframe. The back-end function of the banking solution is to keep up with the flow of the banking activities such as updates, transactions, payments, user accounts, and the record of financial records. In recent years, utilizing the banking solution, several bank-related activities such as debts, access to their accounts, loan processing, and access to their loans may also be possible.
Competitive Analysis
The catalog of renowned participants across the global market for core banking solutions includes businesses such as:
- SAP
- HCL
- Oracle
- Temenos
- Infosys
- Capgemini
- FIS
- Infrasoft
- Tata
- Neloto
- Misys
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Core Banking Solution Market USP Covered
Market Drivers
The global market for core banking solutions has grown immensely in the last few years owing to the rising usage of mobile phones, online transactions, and technology.
Market Restraints
On the other hand, the concerns regarding data loss may restrict the market’s growth.
Report Scope:
| Report Metrics | Read on GNW: Core Banking Solution Market Projected to Hit USD 10.31
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