Modernizing Finance: Growth Drivers in the SaaS-based Core Banking Software Market
Global SaaS-Based Core Banking Software Market Overview The global SaaS-based core banking software market size was valued at USD 11.21 billion in 2024 and is projected to grow from USD 13.20 billion in 2025 to USD 46.03 billion by 2032, exhibiting a CAGR of 19.5% during the forecast period. The growth is driven by increasing demand for cloud-native banking platforms, rising digital transformation initiatives, and the need for scalable, cost-efficient solutions to improve banking operations. SaaS-based core banking enables financial institutions to streamline processes, reduce IT overhead, and enhance customer experience through faster deployment and continuous upgrades. North America dominated the market with a 44.07% share in 2024, supported by advanced fintech adoption, strong cloud infrastructure, and the presence of leading technology providers. Key Market Players Temenos AG FIS (Fidelity National Information Services, Inc.) Fiserv, Inc. Oracle Corporation SAP SE...