The Asia Pacific Third-party Banking Software Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
The growing need for the banking industry to be more productive and operationally efficient is what is driving the market for third-party banking software worldwide. The market is expanding as a result of rising consumer demand for standardized banking activities as well as increased use of customer-centric core banking. The expansion of this market is, however, constrained by worries about information security and the significant costs associated with switching from traditional to new automated systems.
In addition, customers' growing adoption of online and mobile banking, their high level of propensity to access their account information and conduct financial transactions via laptops, smartphones, and tablets, and emerging trends like patch management are anticipated to create several growth opportunities for this market. A back-end system that handles financial transactions for all of a bank's branches is known as core banking. In essence, the system handles credit, loan, and deposit procedures.
Creating new accounts, managing loans, calculating interest rates, processing banking transactions, and customer service management functions are all essential basic banking services. Technology has made transactions safer, more efficient, and less onerous through the creation of core banking systems. These systems were developed to give current and potential customers greater control over their account activities. As these transactions can be conducted remotely from any location in the world, core banking systems play a crucial role in modern banking.
The demand for banking third-party banking software in this region will increase due to the rising security and privacy concerns in developing nations like China and India, where cybersecurity is a key concern. Enterprises strongly advise adopting this software to expand the regional market due to the rising cases of hacks, fraud, and data misuse. Additionally, the demand for this software in the local market will increase as banking and financial organizations become more aware of its advantages.
The China market dominated the Asia Pacific Third-party Banking Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,497.9 million by 2028.The Japan market is estimated to grow a CAGR of 8.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.5% during (2022 - 2028).
Based on Deployment, the market is segmented into On-Premise and Cloud. Based on Application, the market is segmented into Risk Management, Business Intelligence and Information Security. Based on End-use, the market is segmented into Retail Banks and Commercial Banks. Based on Product, the market is segmented into Core Banking Software, Wealth Management Software, Omnichannel Banking Software, Business Intelligence Software 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 Third-party Banking Software Market is Projected to reach USD 40.6 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Ltd., Infosys Limited, Accenture PLC, Capgemini SE, Fidelity Information Services (FIS), Inc., and Fiserv, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment
By Application
- Risk Management
- Business Intelligence
- Information Security
By End-use
- Retail Banks
- Commercial Banks
By Product
- Core Banking Software
- Wealth Management Software
- Omnichannel Banking Software
- Business Intelligence Software
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- SAP SE
- Tata Consultancy Services Ltd.
- Infosys Limited
- Accenture PLC
- Capgemini SE
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Third-Party Banking Software Market, by Deployment
1.4.2 Asia Pacific Third-Party Banking Software Market, by Application
1.4.3 Asia Pacific Third-Party Banking Software Market, by End-use
1.4.4 Asia Pacific Third-Party Banking Software Market, by Product
1.4.5 Asia Pacific Third-Party Banking Software 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 & scenarios
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, May – 2022, Jun) Leading Players
Chapter 4. Asia Pacific Third-party Banking Software Market by Deployment
4.1 Asia Pacific On-Premise Market by Country
4.2 Asia Pacific Cloud Market by Country
Chapter 5. Asia Pacific Third-party Banking Software Market by Application
5.1 Asia Pacific Risk Management Market by Country
5.2 Asia Pacific Business Intelligence Market by Country
5.3 Asia Pacific Information Security Market by Country
Chapter 6. Asia Pacific Third-party Banking Software Market by End-use
6.1 Asia Pacific Retail Banks Market by Country
6.2 Asia Pacific Commercial Banks Market by Country
Chapter 7. Asia Pacific Third-party Banking Software Market by Product
7.1 Asia Pacific Core Banking Software Market by Country
7.2 Asia Pacific Wealth Management Software Market by Country
7.3 Asia Pacific Omnichannel Banking Software Market by Country
7.4 Asia Pacific Business Intelligence Software Market by Country
7.5 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Third-party Banking Software Market by Country
8.1 China Third-party Banking Software Market
8.1.1 China Third-party Banking Software Market by Deployment
8.1.2 China Third-party Banking Software Market by Application
8.1.3 China Third-party Banking Software Market by End-use
8.1.4 China Third-party Banking Software Market by Product
8.2 Japan Third-party Banking Software Market
8.2.1 Japan Third-party Banking Software Market by Deployment
8.2.2 Japan Third-party Banking Software Market by Application
8.2.3 Japan Third-party Banking Software Market by End-use
8.2.4 Japan Third-party Banking Software Market by Product
8.3 India Third-party Banking Software Market
8.3.1 India Third-party Banking Software Market by Deployment
8.3.2 India Third-party Banking Software Market by Application
8.3.3 India Third-party Banking Software Market by End-use
8.3.4 India Third-party Banking Software Market by Product
8.4 South Korea Third-party Banking Software Market
8.4.1 South Korea Third-party Banking Software Market by Deployment
8.4.2 South Korea Third-party Banking Software Market by Application
8.4.3 South Korea Third-party Banking Software Market by End-use
8.4.4 South Korea Third-party Banking Software Market by Product
8.5 Singapore Third-party Banking Software Market
8.5.1 Singapore Third-party Banking Software Market by Deployment
8.5.2 Singapore Third-party Banking Software Market by Application
8.5.3 Singapore Third-party Banking Software Market by End-use
8.5.4 Singapore Third-party Banking Software Market by Product
8.6 Malaysia Third-party Banking Software Market
8.6.1 Malaysia Third-party Banking Software Market by Deployment
8.6.2 Malaysia Third-party Banking Software Market by Application
8.6.3 Malaysia Third-party Banking Software Market by End-use
8.6.4 Malaysia Third-party Banking Software Market by Product
8.7 Rest of Asia Pacific Third-party Banking Software Market
8.7.1 Rest of Asia Pacific Third-party Banking Software Market by Deployment
8.7.2 Rest of Asia Pacific Third-party Banking Software Market by Application
8.7.3 Rest of Asia Pacific Third-party Banking Software Market by End-use
8.7.4 Rest of Asia Pacific Third-party Banking Software Market by Product
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Oracle Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 SAP SE
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 Tata Consultancy Services Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Accenture PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Capgemini SE
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.8 Infosys Limited
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Fidelity Information Services (FIS), Inc.
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 Product Launches and Product Expansions:
9.9.4.2 Acquisition and Mergers:
9.10. Fiserv, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Recent strategies and developments:
9.10.4.1 Acquisition and Mergers:
9.10.5 SWOT Analysis
TABLE 1 Asia Pacific Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Third-party Banking Software Market
TABLE 4 Product Launches And Product Expansions– Third-party Banking Software Market
TABLE 5 Acquisition and Mergers– Third-party Banking Software Market
TABLE 6 Asia Pacific Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 8 Asia Pacific On-Premise Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific On-Premise Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 13 Asia Pacific Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 14 Asia Pacific Risk Management Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Risk Management Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Business Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Business Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Information Security Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Information Security Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Retail Banks Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Retail Banks Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Commercial Banks Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Commercial Banks Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Core Banking Software Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Core Banking Software Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Wealth Management Software Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Wealth Management Software Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Omnichannel Banking Software Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Omnichannel Banking Software Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Business Intelligence Software Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Business Intelligence Software Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Third-party Banking Software Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Third-party Banking Software Market by Country, 2022 - 2028, USD Million
TABLE 40 China Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 41 China Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 42 China Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 43 China Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 44 China Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 45 China Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 46 China Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 47 China Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 48 China Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 49 China Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 50 Japan Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 51 Japan Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 52 Japan Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 53 Japan Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 54 Japan Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 55 Japan Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 56 Japan Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 57 Japan Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 58 Japan Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 59 Japan Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 60 India Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 61 India Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 62 India Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 63 India Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 64 India Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 65 India Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 66 India Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 67 India Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 68 India Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 69 India Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 70 South Korea Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 71 South Korea Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 72 South Korea Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 73 South Korea Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 74 South Korea Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 75 South Korea Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 76 South Korea Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 77 South Korea Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 78 South Korea Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 79 South Korea Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 80 Singapore Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 81 Singapore Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 82 Singapore Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 83 Singapore Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 84 Singapore Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 85 Singapore Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 86 Singapore Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 87 Singapore Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 88 Singapore Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 89 Singapore Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 90 Malaysia Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 91 Malaysia Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 92 Malaysia Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 93 Malaysia Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 94 Malaysia Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 95 Malaysia Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 96 Malaysia Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 97 Malaysia Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 98 Malaysia Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 99 Malaysia Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 100 Rest of Asia Pacific Third-party Banking Software Market, 2018 - 2021, USD Million
TABLE 101 Rest of Asia Pacific Third-party Banking Software Market, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific Third-party Banking Software Market by Deployment, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific Third-party Banking Software Market by Deployment, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific Third-party Banking Software Market by Application , 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific Third-party Banking Software Market by Application , 2022 - 2028, USD Million
TABLE 106 Rest of Asia Pacific Third-party Banking Software Market by End-use, 2018 - 2021, USD Million
TABLE 107 Rest of Asia Pacific Third-party Banking Software Market by End-use, 2022 - 2028, USD Million
TABLE 108 Rest of Asia Pacific Third-party Banking Software Market by Product, 2018 - 2021, USD Million
TABLE 109 Rest of Asia Pacific Third-party Banking Software Market by Product, 2022 - 2028, USD Million
TABLE 110 key information – Microsoft Corporation
TABLE 111 Key information – IBM Corporation
TABLE 112 Key Information – Oracle Corporation
TABLE 113 Key Information – SAP SE
TABLE 114 Key Information – Tata Consultancy Services Ltd.
TABLE 115 Key information – Accenture PLC
TABLE 116 Key Information – Capgemini SE
TABLE 117 Key Information – Infosys Limited
TABLE 118 Key Information – Fidelity Information Services (FIS), Inc.
TABLE 119 Key Information –Fiserv, Inc.
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, May – 2022, Jun) Leading Players
FIG 5 SWOT Analysis: Microsoft Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 SWOT analysis: Oracle Corporation
FIG 8 SWOT Analysis: SAP SE
FIG 9 Recent strategies and developments: Tata Consultancy Services Ltd.
FIG 10 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 11 Recent strategies and developments: Accenture PLC
FIG 12 Swot analysis: Accenture plc
FIG 13 Recent strategies and developments: Infosys Limited
FIG 14 SWOT Analysis: Infosys Limited
FIG 15 SWOT Analysis: Fiserv, Inc.