The UK’s Core Banking Solutions Market is estimated to be USD 1.02 Bn in 2023 and is expected to reach USD 1.75 Bn by 2028, growing at a CAGR of 11.37%.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
The analyst analyses the UK’s Core Banking Solutions Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
Market Segmentations
The UK’s Core Banking Solutions Market is segmented based on Type, Deployment Mode, Enterprise Size, and End-User.- By Type, the market is classified into Enterprise Consumer Solutions, Loans, Deposits, and Others.
- By Deployment Mode, the market is classified into On-Premises and Cloud.
- By Enterprise Size, the market is classified into Small Size Enterprise, Medium Size Enterprise, and Large Size Enterprise.
- By End-User, the market is classified into Banks, Credit Union and Community Banks, and Others.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Alphabet, Inc. (Google LLC), Fiserv, Inc., SAP SE, Tata Consultancy Services Ltd., Wipro Ltd., etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the UK’s Core Banking Solutions Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the UK’s Core Banking Solutions Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the UK’s Core Banking Solutions Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Automation in the Banking
4.1.2 Focus on Offering Value-Added Services
4.1.3 Increase in Trend of Buy-Now-Pay-Later
4.1.4 Rise in Government Initiatives Toward Adoption of Digital Platform
4.2 Restraints
4.2.1 Complex and Expensive System
4.2.2 Excessive Reliance on Technology
4.3 Opportunities
4.3.1 Specialized Applications of AI, Blockchain, Big Data,
4.3.2 Emergence of Several Next-Generation Banks
4.4 Challenges
4.4.1 Lack of Awareness about Modern Banking Technologies
4.4.2 Data Security and Privacy Concerns due to Increasing Cyber-Attacks
4.4.3 Lack of Appropriate Software Selection Methodology
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of Covid-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 UK’s Core Banking Solutions Market, By Type
6.1 Introduction
6.2 Enterprise Consumer Solutions
6.3 Loans
6.4 Deposits
6.5 Others
7 UK’s Core Banking Solutions Market, By Deployment Mode
7.1 Introduction
7.2 On Premises
7.3 Cloud
8 UK’s Core Banking Solutions Market, By Enterprise Size
8.1 Introduction
8.2 Small Size Enterprise
8.3 Medium Size Enterprise
8.4 Large Size Enterprise
9 UK’s Core Banking Solutions Market, By End-User
9.1 Introduction
9.2 Banks
9.3 Credit Union and Community Banks
9.4 Others
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Alphabet, Inc. (Google LLC)
11.2 Capgemini SE
11.3 Computer Services, Inc. (CSI)
11.4 Fidelity National Information Services, Inc. (FIS)
11.5 Finastra
11.6 Fiserv, Inc.
11.7 HCL Technologies Ltd.
11.8 Infosys Ltd.
11.9 Intellicus Technologies
11.10 International Business Machines Corp. (IBM)
11.11 Jack Henry & Associates, Inc.
11.12 Microsoft Corp.
11.13 NCR Corp.
11.14 Oracle Corp.
11.15 SAP SE
11.16 Tata Consultancy Services Ltd.
11.17 Unisys Corp.
11.18 Wipro Ltd.
12 Appendix
12.1 Questionnaire
Companies Mentioned
- Alphabet, Inc. (Google LLC)
- Capgemini SE
- Computer Services, Inc. (CSI)
- Fidelity National Information Services, Inc. (FIS)
- Finastra
- Fiserv, Inc.
- HCL Technologies Ltd.
- Infosys Ltd.
- Intellicus Technologies
- International Business Machines Corp. (IBM)
- Jack Henry & Associates, Inc.
- Microsoft Corp.
- NCR Corp.
- Oracle Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Unisys Corp.
- Wipro Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 1.02 Billion |
| Forecasted Market Value ( USD | $ 1.75 Billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | United Kingdom |
| No. of Companies Mentioned | 18 |
