The North America Retail Core Banking Solution Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
Banks can save costs in operational and support activities with the help of retail core banking solutions, which encourages more banks to use them. Additionally, it provides bank account management and real-time transaction processing through networked branches. The market expansion for retail core banking solutions is also primarily driven by the rising use of core banking technology to modernize banking capabilities and the increased focus on providing better customer services.
Market participants are making substantial investments to increase their global reach. For instance, Credgenics, the world's leading provider of SaaS-based technology solutions for loan collections and debt resolution to banks, non-banking finance, and Fintech lenders, announced its entry into Indonesia in August 2022 as part of its next phase of growth. They have collaborated with system integrators and Core Banking Solution (C.B.S.) suppliers in Indonesia to expand their customers. By improving the platform, this expansion aims to meet the requirements of banks and other non-banking lenders for complete retail collections.
Many banks now offer applications for popular wearables like the Apple Watch and FitPay, which already integrates with Bank of America. Amazon also has plans to enable consumers to send money to one another using Alexa and deposit it into an Amazon-branded checking account. In addition, a smart A.T.M. was created by Diebold, a U.S. banking and security services business. Anyone who wants to make a cash withdrawal should use a mobile app to plan a session, go to the closest A.T.M., and select one of the verification choices. Thus, these factors are propelling the North America Retail Core Banking Solution Market.
The US market dominated the North America Retail Core Banking Solution Market by Country in 2021; thereby, achieving a market value of $1,788.8 million by 2028. The Canada market is experiencing a CAGR of 11.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 11.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Retail Core Banking Solution Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Retail Core Banking Solution Market, by Component
1.4.2 North America Retail Core Banking Solution Market, by Deployment Mode
1.4.3 North America Retail Core Banking Solution Market, by Organization Size
1.4.4 North America Retail Core Banking Solution Market, by Application
1.4.5 North America 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. North America Retail Core Banking Solution Market by Component
4.1 North America Solution (Without Services) Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Retail Core Banking Solution Market by Deployment Mode
5.1 North America Cloud Market by Country
5.2 North America On-premise Market by Country
Chapter 6. North America Retail Core Banking Solution Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Retail Core Banking Solution Market by Application
7.1 North America Regulatory Compliance Market by Country
7.2 North America Risk Management Market by Country
7.3 North America Digital Banking Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Retail Core Banking Solution Market by Country
8.1 US Retail Core Banking Solution Market
8.1.1 US Retail Core Banking Solution Market by Component
8.1.2 US Retail Core Banking Solution Market by Deployment Mode
8.1.3 US Retail Core Banking Solution Market by Organization Size
8.1.4 US Retail Core Banking Solution Market by Application
8.2 Canada Retail Core Banking Solution Market
8.2.1 Canada Retail Core Banking Solution Market by Component
8.2.2 Canada Retail Core Banking Solution Market by Deployment Mode
8.2.3 Canada Retail Core Banking Solution Market by Organization Size
8.2.4 Canada Retail Core Banking Solution Market by Application
8.3 Mexico Retail Core Banking Solution Market
8.3.1 Mexico Retail Core Banking Solution Market by Component
8.3.2 Mexico Retail Core Banking Solution Market by Deployment Mode
8.3.3 Mexico Retail Core Banking Solution Market by Organization Size
8.3.4 Mexico Retail Core Banking Solution Market by Application
8.4 Rest of North America Retail Core Banking Solution Market
8.4.1 Rest of North America Retail Core Banking Solution Market by Component
8.4.2 Rest of North America Retail Core Banking Solution Market by Deployment Mode
8.4.3 Rest of North America Retail Core Banking Solution Market by Organization Size
8.4.4 Rest of North America 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
TABLE 1 North America Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Solution (Without Services) Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Solution (Without Services) Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 13 North America Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 14 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 16 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 17 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 19 North America Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 20 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 22 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 23 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 25 North America Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 26 North America Regulatory Compliance Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Regulatory Compliance Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Risk Management Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Risk Management Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Digital Banking Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Digital Banking Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Retail Core Banking Solution Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Retail Core Banking Solution Market by Country, 2022 - 2028, USD Million
TABLE 36 US Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 37 US Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 38 US Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 39 US Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 40 US Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 41 US Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 42 US Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 43 US Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 44 US Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 45 US Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 46 Canada Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 47 Canada Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 48 Canada Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 49 Canada Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 50 Canada Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 51 Canada Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 52 Canada Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 53 Canada Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 54 Canada Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 55 Canada Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 56 Mexico Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 57 Mexico Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 58 Mexico Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 59 Mexico Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 60 Mexico Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 61 Mexico Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 62 Mexico Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 63 Mexico Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 64 Mexico Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 65 Mexico Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 66 Rest of North America Retail Core Banking Solution Market, 2018 - 2021, USD Million
TABLE 67 Rest of North America Retail Core Banking Solution Market, 2022 - 2028, USD Million
TABLE 68 Rest of North America Retail Core Banking Solution Market by Component, 2018 - 2021, USD Million
TABLE 69 Rest of North America Retail Core Banking Solution Market by Component, 2022 - 2028, USD Million
TABLE 70 Rest of North America Retail Core Banking Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 71 Rest of North America Retail Core Banking Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 72 Rest of North America Retail Core Banking Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 73 Rest of North America Retail Core Banking Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 74 Rest of North America Retail Core Banking Solution Market by Application, 2018 - 2021, USD Million
TABLE 75 Rest of North America Retail Core Banking Solution Market by Application, 2022 - 2028, USD Million
TABLE 76 Key Information – Temenos AG
TABLE 77 Key Information –Fiserv, Inc.
TABLE 78 Key Information – Tata Consultancy Services Ltd.
TABLE 79 Key Information – Infosys Limited
TABLE 80 Key Information – Oracle Corporation
TABLE 81 Key Information – SAP SE
TABLE 82 Key Information – Jack Henry & Associates, Inc.
TABLE 83 Key Information – Fidelity National Information Services, Inc.
TABLE 84 Key Information – SILVERLAKE AXIS LTD.
TABLE 85 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.