Financial Software Market Scope
Financial software is basically described as any type of computer software designed to help corporations and individuals manage business and finance ledger and other accounting services. It is used to track categorize income and expenses, financial accounts, synchronize transactions with banks and credit card companies, work with budgets, track and analyze investments, create financial and tax-related reports, provide at-a-glance snapshots of financial net worth, and pay bills online.
The market study is being classified by Type (Financial Management and Tax Software), by Application (Banking, Income Flow, Investing, Planning, Importing Tools, Tax Form Preparation, E-Filing and Others) and major geographies with country level break-up.
The financial software market is fragmented as the market has a number of companies that offer management software and there are lots of new companies entering the financial software market due to relative ease of developing software. The companies are exploring the market by expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Microsoft, IBM, Oracle, and Fiserv, Inc.. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Financial Software market throughout the predicted period.
Microsoft (United States), IBM (United States), Oracle (United States), Fiserv, Inc. (United States), SAP SE (Germany), FIS Global (United States), Temenos Group AG (Switzerland), SS&C Technologies, Inc. (United States), NCR Corporation (United States), Intuit Inc. (United States) and Finastra (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are DataArt (United States), NetSuite Inc. (United States), SunGard (United States), Blackline Inc (United States) and Truist Financial Corporation (United States).
AdvanceMarketAnalytics has segmented the market of Global Financial Software market by Type, Application and Region.
On the basis of geography, the market of Financial Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
Recently, Finastra has acquired Malauzai, a provider of banking solutions for community financial institutions. The deal reflects Finastra’s commitment to the US retail and business banking sectors by further enabling digital transformation for credit unions and community banks across the nation.
On 27th January 2020, Finastra is investing further in Israel with a new office in Kfar Saba, just outside Tel Aviv. The move will help the company support technological and financial innovation in the region, and drive adoption of its open development platform.
- Rising Trend of Flexibility in Customization of Any Equipment So As To Predict the Cash Flow and Budget Accurately
- Growing Demand of Different Sectors for Getting Complete Solutions and Services of Financial
- Increasing Demand for Financial Management from the End-Use Industries
- Growing Governmental Regulations for Developing Infrastructure
- Growing Technical Advancements
- Lack of Technical Expertise and Working Professional
- Lack of Service Disruptions or Data Safety and Security
Key Target AudienceFinancial Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase