Pro
Technology & Electronics
Canada Core Banking Solution Market, by Services, 2017-2025
| Label | On-Premise | Cloud |
|---|---|---|
| 2017 | 324.74 USD Mn | 83.95 USD Mn |
| 2018 | 336.42 USD Mn | 87.69 USD Mn |
| 2019 | 351.01 USD Mn | 92.25 USD Mn |
| 2020 | 367 USD Mn | 97.25 USD Mn |
| 2021 | 384.42 USD Mn | 102.71 USD Mn |
| 2022 | 403.64 USD Mn | 108.74 USD Mn |
| 2023 | 425.14 USD Mn | 115.48 USD Mn |
| 2024 | 449.13 USD Mn | 123.02 USD Mn |
| 2025 | 475.25 USD Mn | 131.25 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Across all 2 series, On-Premise sits on top as of 2025: 475.25M USD, or 78% of everything shown here combined.
Next is Cloud, at 131.25M USD — 72% behind On-Premise.
On-Premise grows to 475.25M USD by 2025, from 324.74M USD in 2017 — 46% up.
Cloud: 83.95M USD to 131.25M USD, 56% higher by 2025.
By rate of change, not size, Cloud is the standout — 56% growth, faster than the rest of the group.
Across the full group, the combined total moves from 408.69M USD in 2017 to 606.50M USD in 2025 — a 48% change.
How To Compare These 2 Groups
There are 2 separate series stacked into this one chart. Look at relative size and relative movement, not just whichever line sits highest.
The largest series today is not guaranteed to stay largest — check the growth rate of each group, not just its current size, before projecting the ranking forward.
Use this chart to size the Canada Core Banking Solution market and to compare how fast it is expected to grow against adjacent markets — it works best as an input to a market-entry or investment decision, not as a standalone verdict.
The numbers here come from a market sizing model: historical revenue estimates up to the 2018 base year, then forecasts through 2025 using growth-rate assumptions for each segment. The underlying report explains the methodology in detail.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.