Friday, February 22, 2019

Third-party Banking Software Market Shares, sales volume, Regional outlook & Forecasts worldwide to 2023

Globally, digital payments are growing continuously in the banking industry. Hence, various enterprises in the banking industry across the globe are offering digital payment solutions to improve day-to-day processes and gain a competitive advantage over their rivals. Therefore, it is also encouraging other enterprises in this industry to offer digital payment solutions in their product offerings. With the growth in such digital payment platforms, the demand for third-party banking software will also increase, as it will help the enterprises to manage their digital payment platforms. Therefore, with the increase in digital payments, the demand for third-party banking software is also expected to increase during the forecast period. Our analysts have predicted that the third-party banking software market will register a CAGR of almost 9% by 2023.
Market Overview
Increased need for greater customer satisfaction
The enterprises in the banking industry are increasing their geographic reach by expanding into new regions to increase their customer base. This will lead to an increase in customer base, due to which enterprises need to opt for third-party banking software to manage their customers efficiently and provide better customer service.
Issues related to data privacy and security
Data privacy and security risk are the major barriers for the adoption of third-party banking software by enterprises in the banking industry. Since a large volume of financial data of customers is being digitized, crucial aspects such as security, liability, privacy, and protection of intellectual property have emerged in the financial services sector to avoid fraud. Data security and data privacy are major concerns in the market.
For the detailed list of factors that will drive and challenge the growth of the third-party banking software market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the markets competitive landscape and offering information on the products offered by companies.

Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
-           2.1 Preface
-           2.2 Preface
-           2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
-           Market ecosystem
-           Market characteristics
-           Market segmentation analysis
PART 04: MARKET SIZING
-           Market definition
-           Market sizing 2018
-           Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
-           Bargaining power of buyers
-           Bargaining power of suppliers
-           Threat of new entrants
-           Threat of substitutes
-           Threat of rivalry
-           Market condition
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
-           Market segmentation by deployment
-           Comparison by deployment
-           On-premises - Market size and forecast 2018-2023
-           Cloud-based - Market size and forecast 2018-2023
-           Market opportunity by deployment
PART 07: MARKET SEGMENTATION BY APPLICATION
-           Market segmentation by application
-           Comparison by application
-           Core banking software - Market size and forecast 2018-2023
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