COVID-19 Impact and Recovery Analysis- Third-party Banking Software Market 2020-2024 | the Growing Use of Digital Payment Solutions to Boost Growth | Technavio
Technavio has been monitoring the third-party banking software market and it is poised to grow by $ 3.04 bn during 2020-2024, progressing at a CAGR of over 8% 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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Technavio has announced its latest market research report titled Global Third-party Banking Software Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Third-party Banking Software Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Capgemini (News - Alert) SE, Fidelity National Information Services Inc., Fiserv Inc., Infosys Ltd., International Business Machines Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., and Temenos Headquarters SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The growing use of digital payment solutions has been instrumental in driving the growth of the market. However, issues related to data privacy and security might hamper the market growth.
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. https://www.technavio.com/report/report/third-party-banking-software-maret-industry-analysis
Third-party Banking Software Market 2020-2024: Segmentation
Third-party Banking Software Market is segmented as below:
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Third-party 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. Our third-party banking software market report covers the following areas:
This study identifies an increased need for enhanced customer satisfaction as one of the prime reasons driving the third-party banking software market growth during the next few years.
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Third-party Banking Software Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Market Segmentation by Deployment
Drivers, Challenges, and Trends
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