Islamic Banking Software Market to grow by $ 461.83 Mn during 2020-2024 | Rising adoption of cloud-based services to boost growth | Technavio
NEW YORK, June 10, 2021 /PRNewswire/ --
Technavio has been monitoring the Islamic banking software market and it is poised to grow by USD 461.83 million during 2020-2024, progressing at a CAGR of over 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ICS Financial Systems Ltd., Infosys Ltd., International Turnkey Systems Group, Nucleus Software Exports Ltd., Oracle Corp. Path Solutions K.S.C.C., SAB Sopra Steria Group, Tata Consulancy Services Ltd., and Temenos AG are some of the major market participants. Although the distribution of smart cards by banks will offer immense growth opportunities, the lack of expertise is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this Islamic banking software market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Islamic Banking Software Market 2020-2024: Segmentation
Islamic Banking Software Market is segmented as below:
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Islamic Banking Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The Islamic banking software market report covers the following areas:
This study identifies the rising adoption of cloud-based services as one of the prime trends driving the Islamic Banking Software Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Islamic Banking Software Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Application
Drivers, Challenges, and Trends
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