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[Latest] Global Core Banking Software Market Size/Share Worth USD 64.65 Billion by 2034 at a 15.3% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Core Banking Software Market size & share revenue was valued at approximately USD 15.83 Billion in 2024 and is expected to reach USD 17.94 Billion in 2025 and is expected to reach around USD 64.65 Billion by 2034, at a CAGR of 15.3% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Edgeverve Systems Limited (Infosys), Temenos Headquarters SA, Oracle Corporation, Fidelity National Information Services, Tata Consultancy Services Limited, Fiserv Inc., Intellect Design Arena Ltd., Finastra International Limited, Mambu GmbH, 10x Banking Technology Limited, SDK.finance, Backbase, nCino, SAP SE, CGI, Alkami Technology, Jack Henry & Associates, DeshDevs, Securepaymentz, Sopra Banking Software, and others.

/EIN News/ -- Austin, TX, USA, June 09, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled Core Banking Software Market Size, Trends and Insights By Component (Solution, Service), By Deployment (Cloud, On-premise), By End Use (Banks, Financial Institutions, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 in its research database.

“According to the latest research study, the demand of the global Core Banking Software Market size & share was valued at approximately USD 15.83 Billion in 2024 and is expected to reach USD 17.94 Billion in 2025 and is expected to reach a value of around USD 64.65 Billion by 2034, at a compound annual growth rate (CAGR) of about 15.3% during the forecast period 2025 to 2034.”

Click Here to Access a Free Sample Report of the Global Core Banking Software Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=70295

Core Banking Software Market Overview

As per the industry experts at CMI, the landscape of core banking software is changing rapidly, driven by the need for flexibility, cloud-based solutions, and customer-driven banking experiences across retail, commercial banking, and digital banking. Organizations like Temenos, Oracle, and Finastra are innovating at a frenetic pace with advances in AI-enhanced risk management, real-time transaction processing, and flexible, modular banking capabilities.

Governments are supporting digital banking transformation to improve financial inclusion and meet strict banking regulations. Digital-only banks and fintech partnerships are changing traditional banking models, especially for emerging economies that require solutions that are highly scalable and cost-effective. Omnichannel banking experiences, open banking, and API ecosystems are providing seamless customer journeys.

As competition heats up, strategic partnerships, continued innovation, and localization strategies will be required of core banking providers focused on de-risking and delivering personalized, secure, regulated banking experiences to create customer loyalty and ensure operations remain sustainable into the future.

Core Banking Software Market Growth Factors and Dynamics

  • Increasing demand for digital transformation in banking operations: The transformation of banking operations across the globe continues to accelerate at a rapid pace as evolving customer expectations and competitive challenges force banks to digitize their operations. Digital transformation is the use of modern day, digital core banking systems software, enabling banks to offer services to customers online and through mobile banking apps while increasing customer expectations for immediate transactions. As banks transition away from their legacy systems and transition towards agile, cloud core banking solutions, financial institutions are realizing operational efficiencies, new revenue opportunities, and improved customer engagement. All of these developments are also enabling banks to innovate products and launch them faster, personalize customer experiences, and engage the fintech industry. Rising consumer demand for cashless transactions and de-banking, accelerated by COVID-19, has led financial institutions to realize the need for digital change, which is fundamentally shifting the entire banking landscape. Overall, digital transformation has established itself as a significant driver of growth for the market of core banking software. For instance, in May 2024, Temenos unveiled a novel Generative AI solution for the banking platform. This solution can be integrated with Temenos Core and Financial Crime Mitigation (FCM) solutions. Integration of generative AI technology will transform the way banks relate to their data and enhance profitability and productivity, resulting in a substantial return on investment.
  • Growing adoption of cloud-based core banking solutions: Adoption of cloud-based core banking systems continues to rise rapidly as cloud technology itself provides a means for banks to scale and unify systems while promoting a cost-effective approach to modernizing antiquated core banking systems. Cloud-based core banking systems facilitate real-time information sharing, allow banks to reduce expenditure on infrastructure, and offer rapid deployment of new capabilities. The shared cloud environment supports real-time integrations with third-party fintech through Application Program Interfaces (APIs), which promote easier experiences, innovation, and improved customer engagement. For instance, in January 2023, Kenya-based fintech company Kwara acquired IRNET Coop to deploy a cloud-based core banking platform. This acquisition also provided access to IRNET’s existing consumer base, as it was a subsidiary of the Kenya Union of Savings and Credit Cooperatives (KUSCC). Such advancements aim to accelerate cloud adoption among enterprises, offering comprehensive banking functionalities to consumers. Additionally, cloud-based core banking systems support remote banking channels and disaster recovery for service continuity, enabling banks to flexibly use resources as needed and pay for usage through a subscription or pay-as-you-go model, which encourages banks of all sizes to embark on a cloud journey and contributes to overall market growth.

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  • Rising need for real-time transaction processing and instant payments: Consumers and businesses increasingly expect fast and efficient payment solutions that process transactions instantly. Real-time transaction processing is essential for enabling immediate fund transfers, reducing fraud risks, and improving liquidity management. Core banking software is evolving to support instant payments, real-time balance updates, and 24/7 transaction capabilities. Such functionality is critical in enhancing customer satisfaction and staying competitive as digital payment ecosystems grow. Furthermore, regulatory bodies across many countries are mandating faster payment systems, pushing banks to upgrade their infrastructure. The demand for real-time processing drives banks to invest heavily in advanced core banking platforms that can handle high transaction volumes securely and efficiently.
  • Rapid growth of mobile and internet banking users worldwide: The global surge in smartphone penetration and internet access has revolutionized banking, shifting the majority of transactions to digital channels. Mobile and internet banking offer convenience, speed, and 24/7 access, driving customers away from traditional branch visits. Core banking software must support this digital shift by enabling secure, scalable, and user-friendly online platforms. Banks are investing in enhancing mobile app capabilities, integrating biometric security, and offering personalized digital services to meet customer demands. This growth in digital users creates immense pressure on banking systems to handle increased traffic, ensure uptime, and deliver seamless omnichannel experiences, which in turn fuels demand for sophisticated core banking solutions.

Report Scope

Feature of the Report Details
Market Size in 2025 USD 17.94 Billion
Projected Market Size in 2034 USD 64.65 Billion
Market Size in 2024 USD 15.83 Billion
CAGR Growth Rate 15.3% CAGR
Base Year 2024
Forecast Period 2025-2034
Key Segment By Component, Deployment, End Use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Core Banking Software report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • The updated report for 2024 includes an Introduction, an Overview, and an in-depth industry analysis.
  • We have included the COVID-19 Pandemic Outbreak Impact Analysis in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
  • Includes We have updated the tables and figures.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Core Banking Software report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Core Banking Software Market Report @ https://www.custommarketinsights.com/report/core-banking-software-market/

Core Banking Software Market SWOT Analysis

  • Strengths: The core banking software market is thriving, as the pace of digital transformation within banks continues to accelerate. Modern core banking software systems provide centralized processing at real-time speeds, which improves efficiency, reduces errors, and enhances customer service. These systems enable omnichannel banking, meet regulatory compliance, and connect to fintech ecosystem partners, which is critical for banks looking to stay relevant and agile in today’s environment.
  • Weaknesses: Although there are many benefits to upgrading or replacing a core banking system from a legacy one, this process is complicated, costly, and time-consuming. Many financial institutions, particularly community and regional banks, have budget and technological limitations and constraints, which can prevent modernization. Additionally, data migration risks, staff retraining requirements, and potential service interruptions at the time of implementation create hurdles that slow upgrades down.
  • Opportunities: The expansion of digital banking capabilities for traditional banks presents an ongoing significant opportunity in developing markets where no legacy infrastructure exists. Also, the need for cloud-based and API-focused core banking solutions due to new open banking laws and the rise of digital-only banks will help the industry grow. Continuing interest in AI, blockchain, and analytics integration should also provide opportunities to expand innovation and value-added services.
  • Threats: The market also has threats from potential cyberattacks because of cyber risks associated with widespread inclusion of the cloud into bank operations. High competition with fintech startups that offer modular, plug-and-play banking capabilities/procurement solutions also impacts the market share relative to traditional core software vendors. Moreover, regulatory interventions across various jurisdictions may create challenges to develop and deploy new offerings, and economic disruption over a protracted period of time may delay banks’ investments to upgrade core bank systems.

Request a Customized Copy of the Core Banking Software Market Report @ https://www.custommarketinsights.com/report/core-banking-software-market/

Key questions answered in this report:

  • What is the size of the Core Banking Software market and what is its expected growth rate?
  • What are the primary driving factors that push the Core Banking Software market forward?
  • What are the Core Banking Software Industry's top companies?
  • What are the different categories that the Core Banking Software Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the sample report for Core Banking Software and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2025−2034
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Core Banking Software Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/core-banking-software-market/

Core Banking Software Market – Regional Perspective

We can divide the core banking software market across different regions such as North America, Europe, Asia-Pacific, and LAMEA. This is a cursory overview of each region:

  • North America: The core banking software market is seeing the most growth in North America, with its many banking institutions and a well-established digital banking environment. U.S. and Canadian banks and credit unions are investing heavily in transforming their legacy applications and infrastructure for digital transformation, unique customer experiences, and cybersecurity, among other reasons. Many fintech companies are vying for partnership agreements with traditional banks in North America. Enrollment in regulatory, open banking, and cloud adoption by traditional banks will enhance rapid growth in the market for core banking software. High consumer expectations and an established infrastructure create a marketplace of innovation for core banking technologies and incorporate all the technology that is available for consumers in North America.
  • Europe: Europe is and will be a key marketplace because of regulatory open banking initiatives (i.e., PSD2) and neobanks that will impact the core banking software market. The UK, Germany, and The Netherlands are making strides in advanced digital platforms due to customer adoption, including rapid growth in digital payments, and slow fintech engagement from traditional banks. European banks are looking at API integrations, digital wallets, and omnichannel capability as placeholders for their customers. The European banking sector is consolidating, which will create core modernization projects. Additionally, the presence of leading providers of core banking software and increased investment in fintech make Europe a competitive and rapidly evolving landscape for core banking innovation.
  • Asia-Pacific: Asia-Pacific is one of the fastest-growing regions in the core banking software market due to rapid digitalization, financial inclusion initiatives, and the expansion of digital banking services. Countries like India, China, Singapore, and Australia are investing heavily in fintech infrastructure. Governments and banks are working together to improve access to banking services in rural and underserved areas, creating demand for scalable and flexible core banking solutions. Cloud adoption and mobile-first strategies are prevalent, especially among digital-native and challenger banks. The region’s dynamic financial ecosystem and large unbanked population present significant opportunities for providers of core banking software.
  • LAMEA: The LAMEA region shows promising growth potential in the core banking software market, driven by increasing digital adoption and financial sector reforms. In Latin America, countries like Brazil and Mexico are modernizing outdated banking infrastructure and embracing fintech collaborations. In the Middle East, nations like the UAE and Saudi Arabia are investing in digital transformation as part of national economic diversification plans. Africa, with its large unbanked population, is rapidly adopting mobile banking and digital financial services. Core banking solutions in this region are focused on scalability, affordability, and the ability to operate in low-connectivity environments.

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Browse the full Core Banking Software Market Size, Trends and Insights By Component (Solution, Service), By Deployment (Cloud, On-premise), By End Use (Banks, Financial Institutions, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Report at https://www.custommarketinsights.com/report/core-banking-software-market/

The following is a list of the prominent players in the Core Banking Software Market:

  • Edgeverve Systems Limited (Infosys)
  • Temenos Headquarters SA
  • Oracle Corporation
  • Fidelity National Information Services
  • Tata Consultancy Services Limited
  • Fiserv Inc.
  • Intellect Design Arena Ltd
  • Finastra International Limited
  • Mambu GmbH
  • 10x Banking Technology Limited
  • finance
  • Backbase
  • nCino
  • SAP SE
  • CGI
  • Alkami Technology
  • Jack Henry & Associates
  • DeshDevs
  • Securepaymentz
  • Sopra Banking Software
  • Others

Click Here to Access a Free Sample Report of the Global Core Banking Software Market @  https://www.custommarketinsights.com/report/core-banking-software-market/

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • We offer a subscription-based option.
  • Best price guarantee
  • We offer free 35% or 60 hours of customization.
  • We also offer free post-sale service assistance.
  • You will receive a 25% discount on your subsequent purchases.
  • Service guarantees are available.
  • The author will create a customized market brief for you.

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The We have segmented the Core Banking Software Market as follows:

By Component

  • Solution
  • Service

By Deployment

  • Cloud
  • On-premise

By End Use

  • Banks
  • Financial Institutions
  • Others

Click Here to Get a Free Sample Report of the Global Core Banking Software Market @ https://www.custommarketinsights.com/report/core-banking-software-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Core Banking Software Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Core Banking Software Market? What are the company profiles, product information, and contact details of these key players?
  • What Was the Global Market Status of the Core Banking Software Market? What Was the Capacity, Production Value, Cost and PROFIT of the Core Banking Software Market?
  • What Is the Current Market Status of the Core Banking Software Industry? What's the market's competition in this industry, both company-wise and country-wise? What's the market analysis of the core banking software market, considering applications and types?
  • What Are Projections of the Global Core Banking Software Industry Considering Capacity, Production, and Production Value? What Will Be the estimate of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about imports and exports?
  • What Is Core Banking Software Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Core Banking Software Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Core Banking Software Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for the Core Banking Software Industry?

Click Here to Access a Free Sample Report of the Global Core Banking Software Market @  https://www.custommarketinsights.com/report/core-banking-software-market/

Reasons to Purchase Core Banking Software Market Report

  • Core Banking Software Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Core Banking Software Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Core Banking Software Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape includes the market rankings of major players, as well as new service and product launches, partnerships, business expansions, and acquisitions made by the profiled companies in the past five years.
  • The report includes extensive company profiles, which include company overviews, insights, product benchmarking, and SWOT analyses for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions).
  • Core Banking Software Market The report encompasses a comprehensive market analysis from multiple viewpoints, utilizing Porter's five forces analysis, and offers valuable insights into the market through the Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Core Banking Software market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established leaders drive market growth.

Buy this Premium Core Banking Software Research Report | Fast Delivery Available - [220+ Pages] @  https://www.custommarketinsights.com/report/core-banking-software-market/

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Core Banking Software market analysis.
  • The report covers the competitive environment of current and potential participants in the Core Banking Software market, along with those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • The report provides actual market sizes and forecasts for each segment mentioned above.

Who should buy this report?

  • Participants and stakeholders in the worldwide Core Banking Software market should find this report useful. The research will be useful to all market participants in the Core Banking Software industry.
  • Managers in the Core Banking Software sector are interested in publishing up-to-date and projected data about the worldwide Core Banking Software market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Core Banking Software products' market trends.
  • Market insights are sought by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Request a Customized Copy of the Core Banking Software Market Report @  https://www.custommarketinsights.com/report/core-banking-software-market/

About Custom Market Insights:

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