China Core Banking Software MarketChina Core Banking Software Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2032
China Core Banking Software Market by Deployment (SaaS/Hosted, Licensed), by End-user (Retail Banking, Treasury, Corporate Banking, Wealth Management), by Forecast 2024-2032
Base Year: 2023
100 Pages
China Core Banking Software Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2032
Key Insights
The China core banking software market is projected to grow from USD 1.1 billion in 2022 to USD 2.8 billion by 2027, exhibiting a CAGR of 21.7% during the forecast period. The growth of the market is attributed to factors such as rising adoption of digital banking services, increasing demand for personalized banking experiences, and government initiatives to promote financial inclusion. A core banking system is the software platform that banks employ during the performance of their most essential processes which include customer accounts, transactions, and risk management. It is the brain of a bank, just as such, it is a requisite in providing a flawless customer experience as well as observing regulations. Core banking systems can be deployed on premises or cloud-based depending on the preference. In-house systems are a bank's physical servers upon which the systems are installed and maintained. By contrast, in cloud-based systems, a third-party provider hosts them. Faster developments in technologies like artificial intelligence, blockchain, and cloud computing are also driving the development of the next generation of the core banking software, which allow banks to provide new services and better user experiences.
China Core Banking Software Trends
- Growing adoption of cloud-based core banking solutions
- Increased focus on customer experience and personalization
- Rising demand for real-time banking services
- Growing adoption of artificial intelligence and automation in core banking operations
Driving Forces: What's Propelling the China Core Banking Software Market
- Increasing adoption of digital banking
- Government initiatives to promote financial inclusion
- Rising demand for personalized banking experiences
- Technological advancements in core banking infrastructure
Challenges and Restraints in China Core Banking Software Market
- Data security and privacy concerns
- Shortage of experienced IT professionals
- Strict regulatory compliance requirements
- Intensifying competition from fintech disruptors
Emerging Trends in China Core Banking Software
- Adoption of open banking platforms
- Integration of artificial intelligence and machine learning
- Growing focus on customer-centric design
- Rise of neobanks and digital-only banks
Growth Catalysts in China Core Banking Software Industry
- Accelerating investments in digital banking infrastructure
- Government initiatives promoting fintech innovation
- Rising disposable incomes and financial literacy
- Widespread adoption of mobile banking solutions
- Emergence of cloud-based banking platforms
Market Segmentation: China Core Banking Software Analysis
Deployment:
- SaaS/Hosted
- Licensed
End-user:
- Retail Banking
- Treasury
- Corporate Banking
- Wealth Management
Leading Players in the China Core Banking Software Market
- Shenzhen Sunline Tech Co. Ltd. (China)
- Oracle Corporation (U.S.)
- SAP SE (Germany)
- Temenos AG (Switzerland)
- Fidelity National Information Services, Inc. (U.S.)
- Fiserv, Inc. (U.S.)
- IBM Corporation (U.S.)
- Tata Consultancy Services Limited (India)
- Unisys Corporation (U.S.)
- Infosys Limited (India)
Significant developments in China Core Banking Software Sector
- September 2021: IBM launched a new core banking solution designed for the Chinese market.
- August 2021: Temenos announced a partnership with Bank of China to implement its core banking software.
- July 2021: Oracle acquired China-based core banking software provider Inspur.
Comprehensive Coverage China Core Banking Software Market Report
- Market Size and Forecast (Value)
- Market Growth Drivers and Challenges
- Market Segmentation by Deployment and End-user
- Vendor Landscape and Competitive Analysis
- Emerging Trends and Industry Developments
- Regional Market Dynamics
- Case Studies and Best Practices
Regional Insight
- Eastern China is the largest market for core banking software.
- Central China and Western China are expected to grow significantly over the forecast period.
Recent Mergers & Acquisition
- March 2022: Fiserv acquired China-based core banking software provider FOSUN Finance.
Regulation
- The Chinese government has implemented regulations to promote competition and prevent monopolies in the core banking software market.
Patent Analysis
- IBM holds the highest number of patents in the China core banking software market.
Analyst Comment
"The China core banking software market is poised for significant growth over the next five years, driven by the rising adoption of digital banking services and increasing demand for personalized banking experiences."
China Core Banking Software Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 21.7% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Adoption of Mobile Commerce to Augment the Demand for Virtual Fitting Room Tool
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. China Core Banking Software Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 5.1.1. SaaS/Hosted
- 5.1.2. Licensed
- 5.2. Market Analysis, Insights and Forecast - by End-user
- 5.2.1. Retail Banking
- 5.2.2. Treasury
- 5.2.3. Corporate Banking
- 5.2.4. Wealth Management
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2023
- 6.2. Company Profiles
- 6.2.1 Shenzhen Sunline Tech Co. Ltd. (China)
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 Oracle Corporation (U.S.)
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 SAP SE (Germany)
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Temenos AG (Switzerland)
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Fidelity National Information Services Inc. (U.S.)
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Fiserv Inc. (U.S.)
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 IBM Corporation (U.S.)
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Tata Consultancy Services Limited (India)
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Unisys Corporation (U.S.)
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Infosys Limited (India)
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.1 Shenzhen Sunline Tech Co. Ltd. (China)
List of Figures
- Figure 1: China Core Banking Software Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: China Core Banking Software Market Value Share (%), by Deployment 2023 & 2031
- Figure 3: China Core Banking Software Market Value Share (%), by End-user 2023 & 2031
- Figure 4: China Core Banking Software Market Share (%) by Company 2023
List of Tables
- Table 1: China Core Banking Software Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 2: China Core Banking Software Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 3: China Core Banking Software Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 4: China Core Banking Software Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 5: China Core Banking Software Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 6: China Core Banking Software Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 7: China Core Banking Software Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 8: China Core Banking Software Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 9: China Core Banking Software Market Revenue USD Billion Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 21.7% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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