Islamic Banking Software Market to grow by USD 3.88 bn from 2021 to 2025|Technavio
NEW YORK, Oct. 18, 2021
NEW YORK, Oct. 18, 2021 /PRNewswire/ -- The Islamic banking software market is anticipated to grow by USD 3.88 bn from 2021 to 2025, decelerating at a CAGR of 19.33%. The market has been segmented by application (retail, corporate, and others) and geography (MEA, APAC, Europe, North America, and South America).
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Factors such as the issue of smart cards by banks, increasing Sukuk issuance, and mobility in the banking industry will drive the growth of the Islamic banking software market from 2021 to 2025. However, the lack of expertise, awareness, and training might hamper the market growth.
The Islamic banking software market report provides complete insights on key vendors, including AutoSoft Dynamics Pvt. Ltd., ICS Financial Systems Ltd., Infosys Ltd., International Turnkey Systems Group, Nucleus Software Exports Ltd., Oracle Corp., Path Solutions K.S.C.C., Sopra Steria Group SA, Tata Consultancy Services Ltd., and Temenos AG.
The competitive scenario provided in the Islamic banking software market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
- By application, the market is classified into retail, corporate, and others. The retail segment contributes the largest share of the market.
- By geography, the market is classified into MEA, APAC, Europe, North America, and South America. MEA will have the largest share of the market.
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Islamic Banking Software Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 19.33%
Market growth 2021-2025
USD 3.88 billion
YoY growth (%)
MEA, APAC, Europe, North America, and South America
Performing market contribution
MEA at 71%
Key consumer countries
Saudi Arabia, Malaysia, UAE, Kuwait, and Qatar
Leading companies, competitive strategies, consumer engagement scope
AutoSoft Dynamics Pvt. Ltd., ICS Financial Systems Ltd., Infosys Ltd., International Turnkey Systems Group, Nucleus Software Exports Ltd., Oracle Corp., Path Solutions K.S.C.C., Sopra Steria Group SA, Tata Consultancy Services Ltd., and Temenos AG
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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