1. Market Research
  2. > Financial Services
  3. > Banking Market Trends
Retail Core Banking Systems Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Offering and Deployment Type

Retail Core Banking Systems Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Offering and Deployment Type

  • December 2020
  • 155 pages
  • ID: 6010094
  • Format: PDF
  • The Insight Partners


Table of Contents

Search Inside

The retail core banking systems market was valued at US$ 5,652.32 million in 2019 and is projected to reach US$ 11,410.83million by 2027; it is expected to grow at a CAGR of 9.5% from 2020 to 2027.

Retail core banking systems are solutions for personal banking or consumer banking that offers banks the ability to serve their customers through digital channels better.These solutions help customers better manage their money by securely transferring and depositing it and accessing credit.

Other services provided by these solutions include managing mortgages, account information, personal loans, certificates of deposit, debit/credit card, and other financial records. This market evaluates retail core banking systems players based on the various products offered by them to banks for managing retail banking financial transaction management.
The implementation of retail banking system enables low-cost funds for the banks, build a robust base, and maintain efficient customer relation management (CRM), which is expected to propel the demand for retail core banking systems market.Moreover, the increasing demand from customers for net banking and mobile banking is bolstering the market growth.

Further, the rising competition from various mobile payment wallets and other fintech is pushing banks to adopt better solutions that could offer easy payment solutions to the customers, which is expected to drive the market’s growth.
The vendors operating in the retail core banking systems market are focused on new product launches to maintain their competitive edge.For instance, in October 2020, Temenos AG launched Temenos Transact Data Hub.

It is a real-time SaaS (software-as-a-service) platform for core banking.Moreover, based on identifying and analysing multiple market players, the global retail core banking systems market is broadly segmented into offering and deployment.

Based on offering, the market is bifurcated into solutions and services.Based on deployment, the market is categorized into on-premise and cloud.

Some of the key players included in the retail core banking systems market include Avaloq; Fiserv; Inc.; Infosys Ltd.; Oracle Corporation; SAP SE; SopraSteria; Tata Consultancy Services Limited; Temenos Headquarters SA; Intellect Design Arena Ltd; and FIS.

North America is one of the most important regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of huge industrial base, and the availability of high purchasing power among consumers, especially in developed countries such as the US and Canada.Hence, any impact on the growth of industries is expected to restrain the economic growth of the region.

According to the WHO, presently, the US is the world’s worst affected country due to the COVID-19 outbreak, with 14,397,135 confirmed cases and 278,806 deaths.The US is a prominent market for retail core banking systems.

However, the pandemic fuels the retail core banking system adoption due to the ongoing consumer shift to online and mobile banking tools. The use of mobile banking app and online banking has increased during the pandemic period.

Overall size of the retail core banking systems market has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the retail core banking systems market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts and key opinion leaders specializing in the retail core banking systems market. A few of the major players operating in the global retail core banking systems market are Avaloq, Fiserv, Inc., Infosys Ltd., Oracle Corporation, SAP SE, SopraSteria, Tata Consultancy Services Limited, Temenos Headquarters SA, Intellect Design Arena Ltd, and FIS.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Digital Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • $ 4750
  • March 2022
  • 147 pages

The transaction value for the global digital payments market was USD 7.36 trillion in 2021, and it is projected to be worth USD 15.27 trillion by 2027, registering a CAGR of 12.38% from 2022 to 2027. The ...

  • World
  • Banking
  • Retail Banking
  • Industry analysis
  • Mobile Payment Transaction
  • Contactless Payments


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on