SaaS Core Banking Software Market to Reach $31.98 Billion by 2029
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Market Growth Potential: The SaaS core banking software market is projected to expand from $11.27 billion in 2024 to $31.98 billion by 2029, with a compound annual growth rate of 23.1%, indicating strong demand for digital banking solutions and cloud technology integration.
- Technology-Driven Transformation: As reliance on AI automation and API-driven banking increases, financial institutions are shifting towards real-time processing capabilities and microservices architecture, enhancing operational agility and customer experience, thus driving rapid market growth.
- Regional Market Dynamics: North America was the largest contributor in 2024, while the Asia-Pacific region is expected to be the fastest-growing market during the forecast period, reflecting a strategic shift in the global financial services industry towards emerging markets.
- Innovative Platform Launch: The launch of Sopra Banking Software's SBP Core Platform exemplifies innovation in cloud-native core banking platforms, featuring modular architecture and AI integration aimed at enhancing scalability and security in banking operations.
Analyst Views on FISV
Wall Street analysts forecast FISV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FISV is 107.61 USD with a low forecast of 62.00 USD and a high forecast of 185.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
29 Analyst Rating
10 Buy
19 Hold
0 Sell
Moderate Buy
Current: 66.750
Low
62.00
Averages
107.61
High
185.00
Current: 66.750
Low
62.00
Averages
107.61
High
185.00
About FISV
Fiserv, Inc. is a global provider of payments and financial services technology solutions. Its segments include Merchant Solutions (Merchant) and Financial Solutions (Financial). The businesses in its Merchant segment provide commerce-enabling products and services to companies of all sizes around the world. These products and services include merchant acquiring and digital commerce services; mobile payment services; security and fraud protection solutions; stored-value solutions; software-as-a-service; POS devices; and pay-by-bank solutions. The business lines in its Merchant segment consist of small business, enterprise, and processing. The businesses in its Financial segment provide products and services to financial institutions, corporate and public sector clients across the world, enabling the processing of customer loan and deposit accounts, digital payments and card transactions. The business lines in its Financial segment consist of digital payments, issuing, and banking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
