Global Financial Services Software Market Size Study & Forecast, by Component, By Deployment, By Enterprise Type, By Software Type, and Regional Analysis, 2023-2030

Description

List of Tables

Global Financial Services Software Market is valued at approximately USD 129.57 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.2% over the forecast period 2023-2030. Financial services software is a computer program and application that is specially created to support organizations that provide financial services, including banks, insurance companies, brokerage houses and investment management businesses. The organization is managed in accordance with shifting demands and trends and it aids businesses in making better financial choices with the least amount of expense and effort as risks are monitored. Financial services software is used to manage customer relationships, including customer data, interactions, and preferences. The increasing demand for automation, rapid digitalization and growing trend of automation is the most prominent factors propelling the market demand across the globe.

Additionally, the rising emergence of Fintech companies is playing a vital role, which is leading the market development during the estimated period. Fintech companies are specialized in creating technological solutions that assist businesses in managing their financial operations using new software, apps, procedures, and business models. Additionally, fintech companies have dramatically boosted their investment over the past ten years, which is likely to fuel the global market. According to Statista, in 2018, there were nearly 5,686 fintech startups present in America 3,581 in the EMEA region (Europe, the Middle East, and Africa), and 2,864 in Asia Pacific. The number of fintech startups increased and reach 10,775 startups in America, 9,323 startups in the EMEA, and 6,268 in the Asia Pacific region in the year 2021. Thereby, the emergence of fintech companies is driving innovation in the financial services industry and financial services software is a key component of many fintech solutions. Moreover, the increasing adoption of digital channels for banking, as well as the rise in investment in novel technologies presents various lucrative opportunities over the forecast years. However, the increase in the cost of deployment and regulatory compliances are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Financial Services Software Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the supportive government initiatives to support an open banking system, rising emphasis on the integration of advanced technologies, and the presence of leading companies. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. Rapid digitalization, regulatory compliance, adoption of cloud-based deployment options and rising need for data analytics are significantly propelling the market demand across the region.

Major market players included in this report are:

Fiserv, Inc.

IBM Corporation

Infosys Limited

Oracle Corporation

SAP SE

Tata Consultancy Services

Accenture plc

Finastra

FIS, Inc.

NCR Corporation

Recent Developments in the Market:

In March 2023, SAP Fioneer- a global provider of financial services software solutions unveiled the introduction of the "Fioneer Embedded Finance as a Service" (EFaaS), the B2B embedded finance platform facilitating orchestration between SAP users and Financial Service Institutions (FSIs).

Global Financial Services Software Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Deployment, Enterprise Type, Software Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Component:

Software
Service

By Deployment:

Cloud
On-premise

By Enterprise Type:

SMEs
Large Enterprises

By Software Type:

Customer Experience
Enterprise IT
Audit, Risk and Compliance Management
BI and Analytics Applications
Business Transaction Processing

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Financial Services Software Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Financial Services Software Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Financial Services Software Market, by Deployment, 2020-2030 (USD Billion)
- 1.2.4. Financial Services Software Market, by Enterprise Type, 2020-2030 (USD Billion)
- 1.2.5. Financial Services Software Market, by Software Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Financial Services Software Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Financial Services Software Market Dynamics

3.1. Financial Services Software Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing trend of automation
  - 3.1.1.2. Rising emergence of Fintech companies
- 3.1.2. Market Challenges
  - 3.1.2.1. Increase in the cost of deployment
  - 3.1.2.2. Regulatory compliances
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing adoption of digital channels for banking
  - 3.1.3.2. Rise in investment in novel technologies

Chapter 4. Global Financial Services Software Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Financial Services Software Market, by Component

5.1. Market Snapshot
5.2. Global Financial Services Software Market by Component, Performance - Potential Analysis
5.3. Global Financial Services Software Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Financial Services Software Market, Sub Segment Analysis
- 5.4.1. Software
- 5.4.2. Service

Chapter 6. Global Financial Services Software Market, by Deployment

6.1. Market Snapshot
6.2. Global Financial Services Software Market by Deployment, Performance - Potential Analysis
6.3. Global Financial Services Software Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
6.4. Financial Services Software Market, Sub Segment Analysis
- 6.4.1. Cloud
- 6.4.2. On-premise

Chapter 7. Global Financial Services Software Market, by Enterprise Type

7.1. Market Snapshot
7.2. Global Financial Services Software Market by Enterprise Type, Performance - Potential Analysis
7.3. Global Financial Services Software Market Estimates & Forecasts by Enterprise Type 2020-2030 (USD Billion)
7.4. Financial Services Software Market, Sub Segment Analysis
- 7.4.1. SMEs
- 7.4.2. Large Enterprises

Chapter 8. Financial Services Software Market, by Software Type

8.1. Market Snapshot
8.2. Global Financial Services Software Market by Software Type, Performance - Potential Analysis
8.3. Global Financial Services Software Market Estimates & Forecasts by Software Type 2020-2030 (USD Billion)
8.4. Financial Services Software Market, Sub Segment Analysis
- 8.4.1. Customer Experience
- 8.4.2. Enterprise IT
- 8.4.3. Audit, Risk and Compliance Management
- 8.4.4. BI and Analytics Applications
- 8.4.5. Business Transaction Processing

Chapter 9. Global Financial Services Software Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Financial Services Software Market, Regional Market Snapshot
9.4. North America Financial Services Software Market
- 9.4.1. U.S. Financial Services Software Market
  - 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Deployment breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Enterprise Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Software Type breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Financial Services Software Market
9.5. Europe Financial Services Software Market Snapshot
- 9.5.1. U.K. Financial Services Software Market
- 9.5.2. Germany Financial Services Software Market
- 9.5.3. France Financial Services Software Market
- 9.5.4. Spain Financial Services Software Market
- 9.5.5. Italy Financial Services Software Market
- 9.5.6. Rest of Europe Financial Services Software Market
9.6. Asia-Pacific Financial Services Software Market Snapshot
- 9.6.1. China Financial Services Software Market
- 9.6.2. India Financial Services Software Market
- 9.6.3. Japan Financial Services Software Market
- 9.6.4. Australia Financial Services Software Market
- 9.6.5. South Korea Financial Services Software Market
- 9.6.6. Rest of Asia Pacific Financial Services Software Market
9.7. Latin America Financial Services Software Market Snapshot
- 9.7.1. Brazil Financial Services Software Market
- 9.7.2. Mexico Financial Services Software Market
9.8. Middle East & Africa Financial Services Software Market
- 9.8.1. Saudi Arabia Financial Services Software Market
- 9.8.2. South Africa Financial Services Software Market
- 9.8.3. Rest of Middle East & Africa Financial Services Software Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Fiserv, Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. IBM Corporation
- 10.3.3. Infosys Limited
- 10.3.4. Oracle Corporation
- 10.3.5. SAP SE
- 10.3.6. Tata Consultancy Services
- 10.3.7. Accenture plc
- 10.3.8. Finastra
- 10.3.9. FIS Inc.
- 10.3.10. NCR Corporation

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Financial Services Software Market, report scope
TABLE 2. Global Financial Services Software Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Financial Services Software Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Financial Services Software Market estimates & forecasts by Deployment 2020-2030 (USD Billion)
TABLE 5. Global Financial Services Software Market estimates & forecasts by Enterprise Type 2020-2030 (USD Billion)
TABLE 6. Global Financial Services Software Market estimates & forecasts by Software Type 2020-2030 (USD Billion)
TABLE 7. Global Financial Services Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Financial Services Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Financial Services Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Financial Services Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Financial Services Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Financial Services Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Financial Services Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Financial Services Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Financial Services Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Financial Services Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Financial Services Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Financial Services Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Financial Services Software Market
TABLE 72. List of primary sources, used in the study of global Financial Services Software Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Financial Services Software Market, research methodology
FIG 2. Global Financial Services Software Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Financial Services Software Market, key trends 2022
FIG 5. Global Financial Services Software Market, growth prospects 2023-2030
FIG 6. Global Financial Services Software Market, porters 5 force model
FIG 7. Global Financial Services Software Market, pest analysis
FIG 8. Global Financial Services Software Market, value chain analysis
FIG 9. Global Financial Services Software Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Financial Services Software Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Financial Services Software Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Financial Services Software Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Financial Services Software Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Financial Services Software Market, regional snapshot 2020 & 2030
FIG 15. North America Financial Services Software Market 2020 & 2030 (USD Billion)
FIG 16. Europe Financial Services Software Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Financial Services Software Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Financial Services Software Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Financial Services Software Market 2020 & 2030 (USD Billion)