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市场调查报告书
商品编码
1528205
全球核心银行软体市场评估:依部署方法、依最终用户、依组件、依银行类型、依地区、机会、预测(2017-2031)Core Banking Software Market Assessment, By Deployment Mode, By End-user, By Component, Banking Type, By Region, Opportunities and Forecast, 2017-2031F |
全球核心银行软体市场规模预计将从2023年的 150.8亿美元增至2031年的 457亿美元,预计2024-2031年期间年复合成长率为 14.87%。技术进步、客户期望、监管合规性、成本效率、全球化和市场扩张、资料分析以及行动银行使用量的增加等因素推动对核心银行软体的需求,导致市场成长。另一方面,人工智慧的出现和基于人工智慧的银行系统的采用预计将为预测期内的市场成长提供有利的机会。
例如,世界银行于2024年 2月启动了一个名为 MALENA 的计画。它是一个人工智慧驱动的平台,可以从新兴市场的环境、社会和治理(ESG)资料中提取投资见解。该计画目的是透过利用人工智慧分析大量资料并提高透明度和决策来支持全球投资。这项措施符合将人工智慧融入银行系统以释放新机会并推动市场成长的更广泛趋势。
银行软体透过在各个分行实现即时线上交易,彻底改变了银行服务。这些平台允许用户轻鬆管理他们的帐户、交易和监控他们的余额。它还透过灵活的架构支援日记帐分录和帐户创建等重要任务,实现无缝更新,使其成为现代银行业的基石。核心银行软体(CBS)是银行机构的支柱,可实现高效的交易处理、支付管理和财务记录保存。集中线上银行功能并增强用户对贷款和帐户管理等服务的存取。该市场由对金融科技技术和 CBS 解决方案的大量投资推动,反映了对简化客户帐户管理和安全数位银行体验不断成长的需求。这强调了适应性软体解决方案在维持持续卓越服务方面的重要性。
日益采用基于人工智慧的银行系统推动市场成长
云端运算、巨量资料分析和人工智慧等新技术的引进改变银行的运作方式,使其更有效率、更方便客户。人工智慧驱动的创新可协助银行视觉化资料、立即回应客户查询,并将高度复杂的资料转化为有意义的见解。南京资讯工程大学发表的一项研究表明,银行专业人士依靠人工智慧驱动的输出进行业务分析和策略决策。人工智慧驱动的聊天机器人和数位助理已成为银行核心系统的重要组成部分,确保始终提供无缝的客户支援。这些系统可以即时排除故障并解决问题并改善整体客户体验。基于人工智慧的核心银行软体提供的即时洞察可增强网路安全并加速数位转型。随着此类技术的快速采用,预计将出现进一步的重大成长机会。银行业的未来与人工智慧的使用密切相关。这就是为什么业界领先公司纷纷结成策略联盟以开发创新人工智慧解决方案的原因。2023年 10月,Sopra Banking Software 宣布推出其首个支援 AI 的 SaaS 核心银行系统。
本报告研究和分析了全球核心银行软体市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
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.