Third-party Banking Software Market to grow by USD 3.04 bn from 2020 to 2025 | Evolving Opportunities with Accenture Plc & Capgemini Services SAS|17000+ Technavio Reports
NEW YORK, Jan. 14, 2022 /PRNewswire/ -- The "Third-party Banking Software Market - Competitive Analysis, Drivers, Challenges & Five Force Analysis" report has been added to Technavio's offering. 33% of the market's growth will originate from Europe during the forecast period. UK, Germany, and France are the key markets for third-party banking software in Europe. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South American regions. The growth in the banking industry will facilitate the third-party banking software market growth in Europe over the forecast period. The third-party banking software market is estimated to grow by USD 3.04 billion from 2020 to 2025. However, the growth momentum is likely to decelerate a CAGR of 10% as per the latest market report by Technavio.
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Factors such as the growing use of digital payment solutions are notably driving the third-party banking software market growth. However, the factors such as issues related to data privacy and security may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The third-party banking software market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
The third-party banking software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The third-party banking software market report includes information on the product launches, sustainability, and prospects of leading vendors including Accenture Plc, Capgemini Services SAS, Fidelity National Information Services Inc., Fiserv Inc., Infosys Ltd., International Business Machines Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., and Temenos AG.
Few Companies with Key Offerings
The competitive scenario provided in the third-party banking software report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
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