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Core Banking Solutions market’ Report @ Core banking solutions Market by Component, Deployment Model, Enterprise Size, Type, and End User: Opportunity Analysis and Industry Forecast, 2020-2027,” the global core banking solutions industry size was valued at $9.85 billion in 2019, and is projected to reach $28.78 billion by 2027, growing at a CAGR of 14.6% from 2020 to 2027. Core banking solutions enhance inter-connectivity between branches of the same bank & facilitates management of loans, deposits, credit processing, and others. Moreover, errors that occur due to multiple entries are eradicated, changes are managed in existing products, and back office data & self-service operations are merged by using these solutions, which, in turn, boosts the market growth. Furthermore, it allows branches of banks to access applications from centralized data centers on a single platform.