Global Islamic Banking Software Market 2017-2021

  • ID: 4397203
  • Report
  • Region: Global
  • 68 pages
  • TechNavio
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FEATURED COMPANIES

  • AutoSoft Dynamics
  • ICS Financial Systems
  • Infrasoft Technologies
  • ITS
  • Nucleus Software Exports
  • Path Solutions
  • MORE
About Islamic Banking Software

Islamic banking software refers to the banking software that functions according to the Shariah norms for managing and monitoring banking operations. To calculate the market size, we have considered the revenue generated from the sales of Islamic banking software offered by the vendors. Integrated solutions are not included in the software suites. Reseller revenues are also not considered as part of the market revenue. The report includes software sales for retail banking, corporate banking, capital markets, dealing, brokerage, and investment banking.

The analysts forecast the global islamic banking software market to grow at a CAGR of 12.6% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global islamic banking software market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Islamic Banking Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ITS
  • Oracle
  • Path Solutions
  • Temenos
Other prominent vendors
  • AutoSoft Dynamics
  • BML Istisharat
  • EdgeVerve (an Infosys company)
  • ICS Financial Systems
  • INFOPRO
  • Infrasoft Technologies
  • Intertech
  • Millennium Information Solution
  • Misys
  • Nucleus Software Exports
  • SAB
  • Silverlake Axis
  • Sopra Banking Software
  • Tata Consultancy Services
  • VIRMATI SOFTWARE & TELECOMMUNICATIONS
Market drivers
  • Increasing Sukuk issuance
  • For a full, detailed list, view the full report
Market challenges
  • System integration and interoperability issues
  • For a full, detailed list, view the full report
Market trends
  • Adoption of blockchain technology
  • For a full, detailed list, view the full report
Key questions answered in this report:
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AutoSoft Dynamics
  • ICS Financial Systems
  • Infrasoft Technologies
  • ITS
  • Nucleus Software Exports
  • Path Solutions
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Islamic banking market overview
  • Islamic finance ecosystem
PART 06: Market landscape
  • Market overview
  • Product life cycle
  • Market size and forecast
  • Five forces analysis
PART 07: Market segmentation by applications
  • Global Islamic banking software market by application
  • Global retail Islamic banking software market
  • Global corporate Islamic banking software market
PART 08: Geographical segmentation
  • Global Islamic banking software market by geography
  • Islamic banking software market in EMEA
  • Islamic banking software market in APAC
  • Islamic banking software market in Americas
PART 09: Key leading countries
  • Saudi Arabia
  • Malaysia
  • UAE
PART 10: Decision framework

PART 11: Drivers and challenges
  • Market drivers
  • Market challenges
PART 12: Market trends
  • Adoption of blockchain technology
  • Advent of big data and analytics
  • Adoption of cloud-based services
  • Advent of GIS technology in banking
PART 13: Buying criteria

PART 14: Vendor landscape
  • Competitive scenario
  • Product offerings
  • Competitive landscape
  • Other prominent vendors
PART 15: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Difference between conventional and Islamic banking
Exhibit 02: Islamic finance ecosystem
Exhibit 03: Islamic financing industry by components 2016 (% share of revenue)
Exhibit 04: Market overview
Exhibit 05: Product life cycle of Islamic banking software 2016
Exhibit 06: Global Islamic banking software market 2016-2021 ($ millions)
Exhibit 07: Islamic banking assets for leading countries 2016 ($ billions)
Exhibit 08: Islamic banking penetration and Islamic asset comparison 2016
Exhibit 09: Five forces analysis
Exhibit 10: Global Islamic banking software market by application 2016 (% share of revenue)
Exhibit 11: Global Islamic banking software market by application 2016-2021 (% share of revenue)
Exhibit 12: Global retail Islamic banking software market 2016-2021 ($ millions)
Exhibit 13: Global corporate Islamic banking software market 2016-2021 ($ millions)
Exhibit 14: Global Islamic banking software by geography 2016 (% share of revenue)
Exhibit 15: Global Islamic banking software by geography 2016-2021 (% share of revenue)
Exhibit 16: Islamic banking software market in EMEA 2016-2021 ($ millions)
Exhibit 17: Islamic banking software market in APAC 2016-2021 ($ millions)
Exhibit 18: Islamic banking software market in Americas 2016-2021 ($ millions)
Exhibit 19: Key leading countries 2016
Exhibit 20: List of Islamic banks in the top three countries 2016
Exhibit 21: Buying criteria
Exhibit 22: Product offerings of the key vendors
Exhibit 23: Competitive landscape of key leading vendors 2016
Exhibit 24: Other prominent vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AutoSoft Dynamics
  • ICS Financial Systems
  • Infrasoft Technologies
  • ITS
  • Nucleus Software Exports
  • Path Solutions
  • MORE
New Report Released: - Global Islamic Banking Software Market 2017-2021

The author of the report recognizes the following companies as the key players in the global islamic banking software market: ITS, Oracle, Path Solutions, and Temenos.

Other Prominent Vendors in the market are: AutoSoft Dynamics, BML Istisharat, EdgeVerve (an Infosys company), ICS Financial Systems, INFOPRO, Infrasoft Technologies, Intertech, Millennium Information Solution, Misys, Nucleus Software Exports, SAB, Silverlake Axis, Sopra Banking Software, Tata Consultancy Services, and VIRMATI SOFTWARE & TELECOMMUNICATIONS.

Commenting on the report, an analyst from the research team said: “One trend in the market is adoption of blockchain technology. Blockchain technology is enabled using digital transformation. The digital transformation of the industry verticals such as BFSI and manufacturing sector is driving the blockchain technology market.”

According to the report, one driver in the market is increasing Sukuk issuance. Sukuk commonly refers to the Islamic equivalent of bonds. However, as opposed to conventional bonds, which merely confer ownership of the debt, Sukuk grants the investor a share of an asset along with the commensurate cash flows and risks. Sukuk securities adhere to Islamic laws, sometimes referred to as Shariah principles, which prohibit the charging or payment of interest. The Sukuk growth rate is currently 10%-15% in the global financial markets. With the increasing number of Sukuk issuance, it is difficult for banks and financial organizations to monitor and manage them.

Further, the report states that one challenge in the market is system integration and interoperability issues. The adoption of advanced technologies in many industry verticals, including BFSI, telecom, and public sectors, is increasing significantly. This gives rise to issues related to system integration and interoperability. The vendors should provide unified IT solutions that can be seamlessly integrated with the IT infrastructure of organizations. Technical glitches during the operations can incur a cost to the organization and reduce their operational efficiencies. System integration and interoperability issues mostly arise when organizations update their IT systems or merge their existing IT infrastructure with the acquired companies' IT infrastructure.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • ITS
  • Oracle
  • Path Solutions
  • Temenos
  • AutoSoft Dynamics
  • BML Istisharat
  • EdgeVerve (an Infosys company)
  • ICS Financial Systems
  • INFOPRO
  • Infrasoft Technologies
  • Intertech
  • Millennium Information Solution
  • Misys
  • Nucleus Software Exports
  • SAB
  • Silverlake Axis
  • Sopra Banking Software
  • Tata Consultancy Services
  • VIRMATI SOFTWARE & TELECOMMUNICATIONS
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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