Top 10 Banking and Financial Services Software Vendors, Market Size and Market Forecast 2018-2023

In 2018, the top 10 Banking and Financial Services software vendors accounted for nearly 49.6% of the global Banking and Financial Services applications market which grew 3% to approach nearly $32.5 billion in license, maintenance and subscription revenues.

Microsoft was the market leader with 16.2% market share in license, maintenance and subscription revenues. FIS Global was #2, followed by Fiserv, SAP and Oracle.

We ask the simple question: Who’s buying Banking and Financial Services applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

Through our forecast period, the Banking and Financial Services applications market size is expected to reach $33.2 billion by 2023, compared with $32.5 billion in 2018 at a compound annual growth rate of 0.4%.

Source: Apps Run The World, December 2019

Top 10 Banking and Financial Services Software vendors

Banking and Financial Services (Credit, lending, securities institutions) – Hedge fund administration, Core Banking, Cash, treasury, payment, risk management and supply chain finance solutions, Investment management system, Securities transaction and online trading technology, Mortgage, Loan origination and processing solutions, Teller transaction and loan processing, automated loan decisioning, analytical science analysis, workflow management, and sales and service solutions, Financials, HR, Procurement

Here are the rankings of the top 10 Banking and Financial Services software vendors in 2018 and their market shares.

Source: Apps Run The World, December 2019

Other Banking and Financial Services software providers included in the report are: ACI Worldwide, Inc., Adobe, ADP, AdviseSoft, Alfa Financial Software Holdings plc, ARCHIBUS, Argo Data Resource Corp., Asseco Group, Atlassian, Avaloq, Axway, Backbase, Banqsoft AS, BIS – Business Integration Services, Bloomberg, Budgetrac, Calypso Technology, Calyx, Capita Software, Cisco Systems, Citrix, Clarifire, Clearwater Analytics, COCC, Constellation Financing Systems Corp, CoStar Group, DATEV, Deloitte, Dileoz, DocuSign, Inc., Dropbox, Ebix, Edgeverve, an Infosys company, eFront, S.A., Ellie Mae, Envestnet, Equifax, ERI Bancaire, Exela Technologies, Inc., FICO, Fraedom, GBST Holdings Limited, Genesys Telecommunications Laboratories, Google, Hexagon, Homnet Leasing, HubSpot, IBM, Imagine Software, Informatica, International Decision Systems (IDS), ION Trading, ISGN Corporation, Jack Henry & Associates, Kofax, KOGER, Inc., Laserfiche, Linedata Services S.A., LoanLogics, LogMeIn, Inc., LRS Retirement Solutions, LTi Technology Solutions, Milliman Marc, MSCI, Murex, NetSol Technologies Inc., Newgen Software, Nice Systems, Nuance Communications Inc., Odessa Technologies, Oleeo, Open Text Corporation, Paycom, Pegasystems, Q2ebanking, Quantrix, Salesforce, Serrala, ServiceNow, SimCorp, SmartStream, Sopra Steria Group SA, Tableau Software, TalentMap, Teradata Corporation, Thomson Reuters Elite, Tieto (Ex EMRIC AB), TotalSoft, Verint Systems Inc., White Clarke Group, Wolters Kluwer, Workday, Workiva, ZenTreasury, Zoom Video Communications, and many others.

Custom data cuts related to the Banking and Financial Services Applications market are available:

• Top 500 Banking and Financial Services Applications Vendors and Market Forecast 2018-2023
• 2018 Banking and Financial Services Applications Market By Functional Market (16 Markets)
• 2018 Banking and Financial Services Applications Market By Country (USA + 45 countries)
• 2018 Banking and Financial Services Applications Market By Region (Americas, EMEA, APAC)
• 2018 Banking and Financial Services Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
• 2018 Banking and Financial Services Applications Market By Customer Size (revenue, employee count, asset)
• 2018 Banking and Financial Services Applications Market By Channel (Direct vs Direct)
• 2018 Banking and Financial Services Applications Market By Product

Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Exhibit 4: Worldwide Enterprise Applications Market Forecast 2018-2023, By Vertical Industry, $M

Banking and Financial Services Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Banking and Financial Services systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest Banking and Financial Services software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these customer Banking and Financial Services wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

Source: Apps Run The World, December 2019

Further Readings

An expanded version of this report covers the top 750+ Banking and Financial Services Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares(SCORES) within their respective space. We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.