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The core banking software market size is forecast to increase by USD 32.94 billion at a CAGR of 24.4% between 2023 and 2028. Core banking software is a vital component for banks in managing their internal processes, customer engagement, and transaction monitoring. Technological innovation, such as cloud-based solutions and generative artificial intelligence, is driving the growth of the market. These advancements offer scalability, cost-effectiveness, and enhanced flexibility. Banks are also focusing on modernizing their legacy systems and integrating them with existing infrastructure for improved efficiency. Real-time processing and security features are essential requirements for core banking software to mitigate risks like money laundering and redundant data entry. Customer information management and loan accounting are other critical functions that core banking software caters to.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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