Pro
Technology & Electronics
Europe Core Banking Solution Market, by Solution, 2017-2025
| Label | Professional Services | Managed Services |
|---|---|---|
| 2017 | 372.2 USD Mn | 52.23 USD Mn |
| 2018 | 382.44 USD Mn | 52.84 USD Mn |
| 2019 | 395.88 USD Mn | 53.86 USD Mn |
| 2020 | 410.85 USD Mn | 55.03 USD Mn |
| 2021 | 427.28 USD Mn | 56.38 USD Mn |
| 2022 | 445.66 USD Mn | 57.9 USD Mn |
| 2023 | 466.45 USD Mn | 59.7 USD Mn |
| 2024 | 489.9 USD Mn | 61.76 USD Mn |
| 2025 | 515.61 USD Mn | 64.04 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The demand for Core Banking Solutions (CBS) in Europe has been steadily increasing over the years due to the growing need for digital transformation in the banking sector. CBS refers to a comprehensive and centralized electronic system that enables banks to manage their core operations, including deposit and loan processing, customer accounts, and transactions, in a more efficient and secure manner.
One of the key factors driving the demand for CBS in Europe is the increasing adoption of digital banking services by consumers. With the rise of digital platforms and mobile devices, customers are increasingly demanding convenient and seamless banking services that can be accessed anytime and anywhere. This has led to an increased need for banks to upgrade their core systems and processes with CBS in order to provide a better customer experience and stay competitive in the market.
Another key driver of the Europe CBS market is the implementation of strict regulatory policies by the European Union, which aim to improve transparency and data security in the banking sector. CBS helps banks to comply with these regulations by streamlining their processes and ensuring the security of customer information.
The service segment of the CBS market in Europe can be divided into two categories: software and services. The software segment includes various modules such as general ledger, account management, and loan processing, while the services segment includes implementation, consulting, and support services. Among these, the consulting and support services segment is expected to witness significant growth in the forecast period. This can be attributed to the growing need for banks to efficiently implement and manage CBS, as well as the increasing complexity in the technology landscape.
Furthermore, the rising trend of consolidation in the European banking sector is also contributing to the demand for CBS. As banks merge or acquire smaller banks, the need for a streamlined and unified core banking system becomes crucial to integrate their operations and achieve operational efficiency.
In conclusion, the demand for CBS in Europe is driven by the need for digital transformation, strict regulatory policies, and the trend of consolidation in the banking sector. The region is expected to witness significant growth in the services segment of the CBS market in the coming years, as banks focus on implementing and managing these solutions to enhance their competitiveness and meet customer demands.
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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.