Core Banking Solutions Market Size

Global Core Banking Solutions Market size was valued at USD 18.8 billion in 2023 and is poised to grow from USD 20.53 billion in 2024 to USD 41.51 billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).

Core banking solutions (CBS) market is undergoing a significant transformation, propelled by the imperative for digital modernization, evolving customer expectations, and stringent regulatory landscapes. Increasingly, financial institutions are using cloud solutions to make their operations more efficient, cost-effective, and malleable. Technologies like AI and ML strengthen the change in the industry by helping banks know their customers, process easy tasks automatically, and address risks. Interest in instant banking through all channels is making banks update their systems and offer smooth services via digital channels.

Major banks are increasingly investing in AI-powered changes of their core banking processes. ANZ Bank announced that it will upgrade its technology by expanding the ANZ Plus platform. The purposes aim is to enhance consumer satisfaction with AI while also reducing the company's operating and service costs. This move demonstrates how banks all over the industry are integrating AI and ML into their operations to meet the advanced requirements of their existing clients.

What Operational Demands Are Fueling the Rapid Surge in CBS Adoption?

The key factors driving the growth of the Core Banking Solutions (CBS) market is the increasing demand for enhanced operational efficiency and scalability among banks and credit unions. As financial institutions face pressure to reduce costs while improving service delivery, CBS platforms that offer automation, centralized data management, and seamless integration with fintech ecosystems are gaining traction. These systems streamline daily banking operations, reduce manual workloads, and enable faster time‑to‑market for new financial products. Additionally, the need for real‑time transaction processing and improved backend infrastructure to support innovation is pushing banks to adopt modern CBS platforms as a foundational upgrade.