U.K. Core Banking Software Market

U.K. Core Banking Software Market Size, Share, Growth Analysis, By Deployment(SaaS/Hosted, Licensed), By Banking Type(Large Banks, Midsize Banks, Small Banks, Community Banks), By End-user(Retail Banking, Treasury, Corporate Banking, Wealth Management), By Region(England, Scotland, Wales) - Industry Forecast 2025-2032


Report ID: UCMIR45E2199 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

U.K. Core Banking Software Market Insights

Market Overview:

The core banking software market in the United Kingdom is expected to experience significant growth with a projected compound annual growth rate (CAGR) of 16.5% in the coming years. This growth is attributed to the increasing adoption of core banking software among financial institutions in the UK. In 2020, the Financial Conduct Authority (FCA) in the UK introduced new guidelines pertaining to cloud computing technology, a move aimed at enhancing operational efficiency and cost reduction for banks and financial institutions through the adoption of cloud technology.

U.K. Core Banking Software Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for U.K. Core Banking Software was estimated to be valued at US$ XX Mn in 2021.

The U.K. Core Banking Software Market is estimated to grow at a CAGR of XX% by 2028.

The U.K. Core Banking Software Market is segmented on the basis of Deployment, Banking Type, End-user, Region.

Based on region, the U.K. Core Banking Software Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the U.K. Core Banking Software Market are Finastra International Limited , SaaScada , Oracle Corporation , SAP SE , Mambu GmbH , Temenos AG , Fidelity National Information Services, Inc. , Fiserv, Inc. , Tata Consultancy Services Limited , Tuum .

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U.K. Core Banking Software Market

Report ID: UCMIR45E2199

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