With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Much Will The Information Technology (IT) Solutions For The Banking Market Be Worth By 2030?
The market size for information technology (IT) solutions within the banking sector has experienced rapid expansion in recent years. It will grow from $56.97 billion in 2025 to $63.44 billion in 2026 at a compound annual growth rate (CAGR) of 11.4%. This historical growth can be attributed to the broadening of online banking services, the increasing adoption of mobile banking applications, the development of electronic payment systems, the rising demands for regulatory compliance, and early investments in modernizing core banking systems.
The market size for information technology (IT) solutions tailored for the banking sector is projected to experience substantial expansion over the upcoming years. It is anticipated to reach $96.52 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 11.1%. This projected increase is driven by factors such as the rising implementation of AI-driven customer analytics, increasing capital allocation towards cloud-native banking platforms, the broadening scope of blockchain-based financial products, the escalating need for real-time risk management capabilities, and a heightened emphasis on delivering customized digital banking experiences. Key developments expected during this forecast timeframe encompass the wider embrace of cloud-based core banking systems, the increased deployment of AI-powered fraud detection instruments, the growing integration of open banking APIs, the proliferation of digital-first banking platforms, and a strengthened commitment to cybersecurity measures.
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The Key Driver Behind The Information Technology (IT) Solutions For The Banking Market’s 11.1% CAGR
The increasing adoption of smartphones is anticipated to drive expansion in the information technology (IT) solutions for the banking market. A smartphone is defined as a portable device integrating cellular connectivity with sophisticated computing capabilities such as internet access, applications, and multimedia features. This growing penetration is primarily attributed to the widespread availability of cost-effective devices, which broadens smartphone accessibility across diverse demographics in urban and rural regions. Information technology banking solutions are deployed via mobile banking applications on smartphones, offering secure entry to accounts, transactions, payments, and various financial services conveniently from any location at any time. As an illustration, in January 2024, the Office of Communications, a UK-based regulatory body for broadcasting, telecommunications, and postal services, reported that active mobile subscriptions (excluding M2M) totaled 88.7 million by the close of Q3 2023, marking an increase of 1.5 million (1.7%) year-over-year. Additionally, retail revenues from mobile telephony services reached $4.67 billion (£3.51bn) in Q3 2023, which represents a rise of $191.7 million (£144.2m) (4.3%) compared to the prior year. Consequently, the expanding penetration of smartphones is set to fuel the growth of the information technology (IT) solutions for the banking market.
Information Technology (IT) Solutions For The Banking Market Classification: Main Segments And Detailed Subsegments
The information technology (it) solutions for the banking market covered in this report is segmented –
1) By Solution Type: Core Banking Solutions, Digital Banking Solutions, Risk And Compliance Solutions, Data Analytics And Artificial Intelligence (AI) Solutions, Cybersecurity Solutions, Other Solution Types
2) By Deployment Mode: On-Premises, Cloud
3) By Enterprise Size: Small And Medium Banks, Large Banks
4) By Financial Technology: Blockchain Technology Solutions, Peer-To-Peer Lending Platforms, Digital Wallets And Payment Processing Solutions, Robo-Advisory Services, Insurtech Solutions
Subsegments:
1) Core Banking Solutions: Account Management, Transaction Processing, Loan Management, Deposit Management, Payment Processing, Customer Information Management
2) Digital Banking Solutions: Mobile Banking Apps, Internet Banking Platforms, Digital Wallets, Online Account Opening, Chatbots And Virtual Assistants, Personal Finance Management Tools
3) Risk And Compliance Solutions: Anti-Money Laundering (AML), Fraud Detection And Prevention, Regulatory Reporting, Credit Risk Management, Operational Risk Management, Know Your Customer (KYC) Solutions
4) Data Analytics And AI Solutions: Customer Insights And Segmentation, Predictive Analytics, Credit Scoring Models, AI-Powered Chatbots, Real-Time Fraud Analytics, Marketing Analytics
5) Cybersecurity Solutions: Identity And Access Management, Threat Detection And Response, Data Encryption, Network Security, Endpoint Security, Security Information And Event Management (SIEM)
6) Other Solution Types: Payment Gateways, Blockchain Solutions, API Management, Cloud Banking Solutions, Robotic Process Automation (RPA), Customer Relationship Management (CRM) Systems
Information Technology (IT) Solutions For The Banking Market Strategic Shifts: What Leading Players Are Prioritizing
Leading firms in the information technology (IT) solutions for the banking market are concentrating on forging strategic alliances to boost their technological prowess, broaden their range of services, and speed up the digital overhaul of banking activities. Such alliances represent collaborative arrangements among entities designed to achieve shared objectives by utilizing each other’s strengths and resources. An example is the collaboration in January 2025 between DXC Technology, a US-based IT company, and Thought Machine, a UK-based cloud banking company, which resulted in a joint solution designed to expedite digital transformation for smaller and medium-sized banks. This cooperative effort merges DXC’s extensive industry knowledge and managed services with Thought Machine’s cloud-native core banking platform, Vault Core, and its payments platform, Vault Payments. The comprehensive managed service that emerges allows banks to update their outdated systems, significantly cut down the time required to introduce new digital financial products, and improve both compliance and operational efficiency. Through the provision of scalable, customizable technology and specialized support, this partnership equips smaller banks to contend with larger institutions and deliver innovative, customer-focused services across the globe.
Information Technology (IT) Solutions For The Banking Market Company Analysis: Major Industry Participants
Major companies operating in the information technology (it) solutions for the banking market are Accenture plc, International Business Machines Corporation (IBM), Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Fiserv Inc., DXC Technology Company, HCL Technologies Limited, Wipro Limited, Fidelity National Information Services Inc. (FIS), Tata Consultancy Services Limited (TCS), Finastra Group Holdings Limited, Avaloq Group AG, Temenos AG, Backbase B.V., nCino Inc., SAP Fioneer GmbH, Mambu GmbH, Thought Machine Group Limited, Oracle Financial Services Software Limited.
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Information Technology (IT) Solutions For The Banking Market Global Regional Breakdown: Key Regions Analyzed
North America was the largest region in the information technology (IT) solutions for the banking market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information technology (it) solutions for the banking market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
