Third-party Banking Software Market 2030: The Rise of Cloud Solutions
Third-party Banking Software Market Growth & Trends The global third-party banking software market size is expected to reach USD 47.90 billion by 2030, growing at a CAGR of 8.2% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The growing prevalence of online banking solutions worldwide to improve customer experience is anticipated to drive the industry expansion. In addition, the rapid shift from paper-based legacy methods to digitized and advanced methods for process standardization is also acting as fuel to the growth. The strategic partnerships and acquisitions by prominent market players to overcome the problems in the ecosystem, such as reducing the overall risk and enhancement of product offerings, are expected to accentuate the growth. For instance, in June 2022, Kamakura Corporation, situated in the U.S., was bought by SAS Institute, Inc., a global leader in Artificial Intelligence (AI) and analytics. Kamakura Corporat...