Eastern Europe Core Banking Market Analysis
MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Eastern Europe Core Banking market. The research report on the Eastern Europe Core Banking Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
The report further comprises, “Eastern Europe Core Banking Market is projected to grow at a CAGR of around 16.5% during the forecast period, i.e., 2023-28.
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Growth Opportunity: Introducing Digital Banking or Supporting Digital Banking Capabilities
Curating digital banking strategy has been a high priority for banks to capitalize new market opportunities and attract substantial customers. The expansion of banks in digital payments and real-time payments is driving the adoption of core banking software, which, in turn, increases the demand for integration, training, etc.
The offshoots of digitalization are emerging in countries like Hungary, Bulgaria, Poland, and others, and banks are gradually increasing their investments in IT upgrades. As a result, Electronic payments increased dynamically in 2019, accounting for 1.4 billion payment transactions.
Eastern Europe Core Banking Market Segment & Geography [2023-28]
The Eastern Europe Core Banking market is segmented into significant segments based on Geography.
-By Component
- Service
- Software
-By Deployment
- On-Premise
- Cloud
-By Type
- Retail
- Private
- Corporate
- Universal
- Wholesale
- Others
-By Bank Asset Size
- Tier 1- Upto USD10 billion
- Tier 2- USD10-30 billion
- Tier 3- USD30-100 billion
- Tier 4- USD100-250 billion
- Tier 5- USD250 and above
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Geographical Analysis
-By Country
- Hungary
- Romania
- Poland
- Czech Republic
- Serbia
- Bulgaria
- Others
Top Companies Essentially Working in Eastern Europe Core Banking Market
- FIS
- DXC Technology
- TAS group
- Finastra
- Sopra
- Temenos
- Oracle
- Asseco
- Diasoft
- Avaloq
- Others
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Eastern Europe Core Banking adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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