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Global Third-party Banking Software Market, 2019-2023: Projected to Record a CAGR of Approx 9%, Driven by the Growing Amount Digital Payments - ResearchAndMarkets.comThe "Global Third-party Banking Software Market 2019-2023" report has been added to ResearchAndMarkets.com's offering. The third-party banking software market will register a CAGR of almost 9% by 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. 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. Competitive Landscape The market appears to be moderately fragmented 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 market's competitive landscape and offering information on the products offered by companies. Key Players Topics Covered PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: CUSTOMER LANDSCAPE PART 10: GEOGRAPHIC LANDSCAPE
PART 11: DECISION FRAMEWORK PART 12: DRIVERS AND CHALLENGES PART 13: MARKET TRENDS PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/research/7jxrrt/global?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20190221005457/en/ |