The Asia Pacific Retail Core Banking Solution Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Giving consumers with debit and credit cards convenient access to services is one of the critical advantages of IoT in the banking sector. Banks can examine how frequently A.T.M. kiosks are used in particular locations and adjust the location of A.T.M. installations accordingly. Banks can leverage IoT data to provide kiosks and improve client availability in addition to A.T.M.s to deliver on-demand services directly to customers.
Financial institutions can discover their customers' business demands and value chains and obtain customer insights by using the customer data made available by IoT. Such client data can help banks offer value-added services, financial support, and tailored goods to create favorable circumstances for both sides. When it refers to retail banking, the industry is incredibly promising. Customers who bank using smart speakers enjoy the convenience of giving voice commands rather than staring at a mobile device.
For example, Capital One in the U.S. allows consumers to pay their bills using Alexa from Amazon. By integrating its API via Google Home, U.K. challenger bank Starling enables customers to make payments and check their balances using voice commands. In addition, NatWest and Google Assistant in 2019 tested a voice banking function. Customers could use the feature to learn about their account balances, the most recent and pending transactions, and it was interoperable with the Google Home smart speaker.
The developed metropolis of Hong Kong has a high percentage of internet and mobile phone access, which provides a solid basis for the city's fintech ecosystem. According to Invest Hong Kong, there are 600 start-ups and fintech businesses nationwide. The city is among the top five developed markets in the world for consumer fintech adoption. Insurtech, blockchain, data analytics, Know Your Customer (KYC) and digital identification utilities, wealthtech, digital payments, securities settlement, and other fintech and banking opportunities abound in Hong Kong.
The China market dominated the Asia Pacific Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $639.1 million by 2028. The Japan market is registering a CAGR of 9.7% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 11% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Without Services) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Regulatory Compliance, Risk Management, Digital Banking, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Retail Core Banking Solution Market is Projected to reach USD 7.4 Billion by 2028, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Fiserv, Inc., Temenos AG, Tata Consultancy Services Limited, SAP SE, Infosys Limited, Fidelity National Information Services, Inc. (FIS), Kiya.ai, Jack Henry & Associates, Inc. and Silverlake Axis Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution (Without Services)
- Services
By Deployment Mode
By Organization Size
By Application
- Regulatory Compliance
- Risk Management
- Digital Banking
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- Fiserv, Inc.
- Temenos AG
- Tata Consultancy Services Limited
- SAP SE
- Infosys Limited
- Fidelity National Information Services, Inc. (FIS)
- Kiya.ai
- Jack Henry & Associates, Inc.
- Silverlake Axis Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Retail Core Banking Solution Market, by Component
1.4.2 Asia Pacific Retail Core Banking Solution Market, by Deployment Mode
1.4.3 Asia Pacific Retail Core Banking Solution Market, by Organization Size
1.4.4 Asia Pacific Retail Core Banking Solution Market, by Application
1.4.5 Asia Pacific Retail Core Banking Solution Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2022, Aug) Leading Players
Chapter 4. Asia Pacific Retail Core Banking Solution Market by Component
4.1 Asia Pacific Solution (Without Services) Market by Country
4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Retail Core Banking Solution Market by Deployment Mode
5.1 Asia Pacific Cloud Market by Country
5.2 Asia Pacific On-premise Market by Country
Chapter 6. Asia Pacific Retail Core Banking Solution Market by Organization Size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific SMEs Market by Country
Chapter 7. Asia Pacific Retail Core Banking Solution Market by Application
7.1 Asia Pacific Regulatory Compliance Market by Country
7.2 Asia Pacific Risk Management Market by Country
7.3 Asia Pacific Digital Banking Market by Country
7.4 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Retail Core Banking Solution Market by Country
8.1 China Retail Core Banking Solution Market
8.1.1 China Retail Core Banking Solution Market by Component
8.1.2 China Retail Core Banking Solution Market by Deployment Mode
8.1.3 China Retail Core Banking Solution Market by Organization Size
8.1.4 China Retail Core Banking Solution Market by Application
8.2 Japan Retail Core Banking Solution Market
8.2.1 Japan Retail Core Banking Solution Market by Component
8.2.2 Japan Retail Core Banking Solution Market by Deployment Mode
8.2.3 Japan Retail Core Banking Solution Market by Organization Size
8.2.4 Japan Retail Core Banking Solution Market by Application
8.3 India Retail Core Banking Solution Market
8.3.1 India Retail Core Banking Solution Market by Component
8.3.2 India Retail Core Banking Solution Market by Deployment Mode
8.3.3 India Retail Core Banking Solution Market by Organization Size
8.3.4 India Retail Core Banking Solution Market by Application
8.4 South Korea Retail Core Banking Solution Market
8.4.1 South Korea Retail Core Banking Solution Market by Component
8.4.2 South Korea Retail Core Banking Solution Market by Deployment Mode
8.4.3 South Korea Retail Core Banking Solution Market by Organization Size
8.4.4 South Korea Retail Core Banking Solution Market by Application
8.5 Singapore Retail Core Banking Solution Market
8.5.1 Singapore Retail Core Banking Solution Market by Component
8.5.2 Singapore Retail Core Banking Solution Market by Deployment Mode
8.5.3 Singapore Retail Core Banking Solution Market by Organization Size
8.5.4 Singapore Retail Core Banking Solution Market by Application
8.6 Malaysia Retail Core Banking Solution Market
8.6.1 Malaysia Retail Core Banking Solution Market by Component
8.6.2 Malaysia Retail Core Banking Solution Market by Deployment Mode
8.6.3 Malaysia Retail Core Banking Solution Market by Organization Size
8.6.4 Malaysia Retail Core Banking Solution Market by Application
8.7 Rest of Asia Pacific Retail Core Banking Solution Market
8.7.1 Rest of Asia Pacific Retail Core Banking Solution Market by Component
8.7.2 Rest of Asia Pacific Retail Core Banking Solution Market by Deployment Mode
8.7.3 Rest of Asia Pacific Retail Core Banking Solution Market by Organization Size
8.7.4 Rest of Asia Pacific Retail Core Banking Solution Market by Application
Chapter 9. Company Profiles
9.1 Temenos AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Fiserv, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.2.5 SWOT Analysis
9.3 Tata Consultancy Services Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Infosys Limited
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 SAP SE
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Jack Henry & Associates, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expenses
9.8 Fidelity National Information Services, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 Silverlake Axis Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Acquisition and Mergers:
9.10. Kiya.ai
9.10.1 Company Overview
TABLE 1 Asia Pacific Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Retail Core Banking Solution Market
TABLE 4 Product Launches And Product Expansions– Retail Core Banking Solution Market
TABLE 5 Acquisition and Mergers– Retail Core Banking Solution Market
TABLE 6 Asia Pacific Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Solution (Without Services) Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Solution (Without Services) Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific On-premise Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific On-premise Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific SMEs Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific SMEs Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Regulatory Compliance Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Regulatory Compliance Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Risk Management Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Risk Management Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Digital Banking Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Digital Banking Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Retail Core Banking Solution Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Retail Core Banking Solution Market by Country, 2022 - 2028, USD Million
TABLE 36 China Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 37 China Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 38 China Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 39 China Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 40 China Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 41 China Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 42 China Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 43 China Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 44 China Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 45 China Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 46 Japan Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 47 Japan Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 48 Japan Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 49 Japan Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 50 Japan Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 51 Japan Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 52 Japan Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 53 Japan Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 54 Japan Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 55 Japan Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 56 India Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 57 India Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 58 India Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 59 India Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 60 India Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 61 India Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 62 India Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 63 India Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 64 India Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 65 India Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 66 South Korea Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 67 South Korea Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 68 South Korea Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 69 South Korea Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 70 South Korea Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 71 South Korea Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 72 South Korea Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 73 South Korea Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 74 South Korea Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 75 South Korea Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 76 Singapore Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 77 Singapore Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 78 Singapore Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 79 Singapore Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 80 Singapore Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 81 Singapore Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 82 Singapore Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 83 Singapore Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 84 Singapore Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 85 Singapore Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 86 Malaysia Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 87 Malaysia Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 88 Malaysia Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 89 Malaysia Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 90 Malaysia Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 91 Malaysia Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 92 Malaysia Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 93 Malaysia Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 94 Malaysia Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 95 Malaysia Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 96 Rest of Asia Pacific Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 97 Rest of Asia Pacific Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 98 Rest of Asia Pacific Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 99 Rest of Asia Pacific Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 100 Rest of Asia Pacific Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 101 Rest of Asia Pacific Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 106 Key Information – Temenos AG
TABLE 107 Key Information –Fiserv, Inc.
TABLE 108 Key Information – Tata Consultancy Services Ltd.
TABLE 109 Key Information – Infosys Limited
TABLE 110 Key Information – Oracle Corporation
TABLE 111 Key Information – SAP SE
TABLE 112 Key Information – Jack Henry & Associates, Inc.
TABLE 113 Key Information – Fidelity National Information Services, Inc.
TABLE 114 Key Information – SILVERLAKE AXIS LTD.
TABLE 115 Key Information – Infrasoft Technologies Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Temenos AG
FIG 6 SWOT Analysis: Temenos AG
FIG 7 SWOT Analysis: Fiserv, Inc.
FIG 8 Recent strategies and developments: Tata Consultancy Services Ltd.
FIG 9 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 10 SWOT Analysis: Infosys Limited
FIG 11 SWOT analysis: Oracle Corporation
FIG 12 SWOT Analysis: SAP SE
FIG 13 Recent strategies and developments: Fidelity National Information Services, Inc.