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Global Retail Core Banking Systems Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 210
  • CATEGORY
  • Banking & Finance

Market Overview:

The Global Retail Core Banking Systems Market size was valued at USD 13.73 billion in 2022, and is projected to reach USD 121.57 billion by 2032 at a CAGR of 32.5% from 2022 to 2032.

Retail core banking systems refer to software solutions that are specifically designed for use by retail banks. These solutions provide a wide range of functions, including customer management, account management, loan management, and transaction processing. Retail core banking systems are used by banks of all sizes, from small community banks to large multinational financial institutions. The adoption of retail core banking systems has been driven by several factors. Firstly, the growth of digital banking has led to an increased demand for core banking systems that can support online and mobile banking services. As customers increasingly expect to be able to access their accounts and make transactions online, banks have needed to invest in core banking systems that can meet these demands. Secondly, regulatory requirements have also played a role in driving the adoption of retail core banking systems. Banks are required to comply with a wide range of regulations, including KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, which can be difficult to manage without the support of a robust core banking system.

Thirdly, the need for operational efficiency has also driven the adoption of retail core banking systems. Banks need to be able to manage their operations efficiently in order to remain competitive and profitable. A well-designed core banking system can help banks to automate processes, reduce errors, and improve overall efficiency. Finally, the need for data analytics has also driven the adoption of retail core banking systems. Banks generate vast amounts of data on a daily basis, and a core banking system can help to analyze this data to identify trends, predict customer behavior, and inform business decisions.

Demands data analytics is propelling the market growth.

The demand for data analytics is one of the driving factors of the Retail Core Banking Systems market. With the increasing volume of customer data generated by financial institutions, there is a growing need to analyze this data to gain insights into customer behavior, preferences, and trends. This is particularly relevant in the retail banking sector, where financial institutions need to understand customer needs and preferences to provide personalized and targeted services. Retail Core Banking Systems that incorporate data analytics capabilities enable financial institutions to analyze customer data in real-time, thereby allowing them to make informed business decisions. This includes identifying areas for growth, developing targeted marketing campaigns, and providing personalized services to customers.

Moreover, data analytics can help financial institutions to detect and prevent fraud and financial crimes. By analyzing transaction data in real-time, financial institutions can identify suspicious activities and take immediate action to prevent fraudulent transactions. The demand for data analytics is also being driven by the increasing adoption of digital channels and mobile banking. With more and more customers using mobile banking apps to conduct financial transactions, financial institutions need to analyze the data generated by these transactions to gain insights into customer behavior and preferences. In addition, the COVID-19 pandemic has accelerated the shift towards digital channels, with many customers preferring to conduct transactions online. This has further increased the demand for data analytics capabilities in Retail Core Banking Systems, as financial institutions seek to understand and respond to changing customer needs and preferences in real-time.

Overall, the demand for data analytics is a key driving factor of the Retail Core Banking Systems market. With the increasing volume of customer data generated by financial institutions, the ability to analyze this data in real-time is becoming increasingly important for financial institutions to remain competitive and provide personalized services to customers.

Segmentation:

By Component

·         Solution

·         Services

By Application

·         Regulatory Compliance

·         Risk Management

·         Digital Banking

·         Data Storage

·         Others

Geography:

The Retail Core Banking Systems market is dominated by North America. This is due to the high adoption of advanced technology, the presence of several key players, and the increasing demand for personalized banking services. The United States is the largest market in North America, driven by the presence of several leading technology companies and a large customer base. The country has also witnessed a significant increase in the adoption of digital channels for banking, which has led to a greater demand for Retail Core Banking Systems. Canada is another key market in North America, driven by the increasing adoption of advanced technology and the demand for personalized banking services.

Impact of COVID-19 on the global Retail Core Banking Systems Market:

The COVID-19 pandemic and the ongoing war in various regions have had a significant impact on the Retail Core Banking Systems market.

The COVID-19 pandemic has accelerated the shift towards digital channels, with more customers opting for online and mobile banking services to avoid physical contact. This has led to a surge in demand for Retail Core Banking Systems that offer digital capabilities, including online account opening, digital payments, and mobile banking. Financial institutions are investing in these systems to provide a seamless and secure digital experience for their customers. However, the pandemic has also caused economic uncertainty, leading to a decline in consumer spending and a decrease in demand for credit. This has resulted in a slowdown in the Retail Core Banking Systems market, as financial institutions focus on cost optimization and risk management.

Impact of the Russia-Ukraine War on the global Retail Core Banking Systems Market:

The ongoing war in various regions has also impacted the Retail Core Banking Systems market. Political instability, economic sanctions, and other geopolitical risks have led to a decline in investment and a slowdown in the growth of the market in affected regions. The war has also led to an increase in financial crimes, including money laundering and fraud, which has increased the demand for Retail Core Banking Systems that offer advanced security and fraud detection capabilities. Overall, the impact of the COVID-19 pandemic and the ongoing war on the Retail Core Banking Systems market is complex and may vary depending on the region and the extent of the impact. While the pandemic has accelerated the shift towards digital channels, it has also led to economic uncertainty and a slowdown in demand for credit. The war has increased the demand for advanced security and fraud detection capabilities, but it has also led to a decline in investment in affected regions.

Company Profiles:

·         FIS

·         Fiserv

·         Infosys Finacle

·         Oracle Financial Services Software

·         Temenos

·         IBM

·         SAP

·         Capgemini

·         Accenture

·         Mambu

·         Thought Machine

·         Avaloq

·         TCS BaNCS

·         Nucleus Software

·         Backbase


Global Retail Core Banking Systems Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Retail Core Banking Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.


Key Points:
Define, describe and forecast Retail Core Banking Systems product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Retail Core Banking Systems Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Retail Core Banking Systems
1.3 Retail Core Banking Systems Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Retail Core Banking Systems
1.4.2 Applications of Retail Core Banking Systems
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 FIS Global Market Performance Analysis
3.1.1 FIS Global Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 FIS Global Sales, Value, Price, Gross Margin 2016-2021
3.2 EdgeVerve Market Performance Analysis
3.2.1 EdgeVerve Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 EdgeVerve Sales, Value, Price, Gross Margin 2016-2021
3.3 Finastra Market Performance Analysis
3.3.1 Finastra Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Finastra Sales, Value, Price, Gross Margin 2016-2021
3.4 Tata Consultancy Market Performance Analysis
3.4.1 Tata Consultancy Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Tata Consultancy Sales, Value, Price, Gross Margin 2016-2021
3.5 Oracle Market Performance Analysis
3.5.1 Oracle Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Oracle Sales, Value, Price, Gross Margin 2016-2021
3.6 Fiserv Market Performance Analysis
3.6.1 Fiserv Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Fiserv Sales, Value, Price, Gross Margin 2016-2021
3.7 Sopra Steria Market Performance Analysis
3.7.1 Sopra Steria Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Sopra Steria Sales, Value, Price, Gross Margin 2016-2021
3.8 Temenos Market Performance Analysis
3.8.1 Temenos Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Temenos Sales, Value, Price, Gross Margin 2016-2021
3.9 Jack Henry & Associates Market Performance Analysis
3.9.1 Jack Henry & Associates Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Jack Henry & Associates Sales, Value, Price, Gross Margin 2016-2021
3.10 BML Istisharat Market Performance Analysis
3.10.1 BML Istisharat Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 BML Istisharat Sales, Value, Price, Gross Margin 2016-2021
3.11 Symitar Market Performance Analysis
3.11.1 Symitar Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Symitar Sales, Value, Price, Gross Margin 2016-2021
3.12 SAP Market Performance Analysis
3.12.1 SAP Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 SAP Sales, Value, Price, Gross Margin 2016-2021
3.13 Intertech Market Performance Analysis
3.13.1 Intertech Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Intertech Sales, Value, Price, Gross Margin 2016-2021
3.14 Intellect Design Arena Market Performance Analysis
3.14.1 Intellect Design Arena Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Intellect Design Arena Sales, Value, Price, Gross Margin 2016-2021
3.15 InfrasoftTech Market Performance Analysis
3.15.1 InfrasoftTech Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 InfrasoftTech Sales, Value, Price, Gross Margin 2016-2021
3.16 Services Market Performance Analysis
3.16.1 Services Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Services Sales, Value, Price, Gross Margin 2016-2021
3.17 Exictos Market Performance Analysis
3.17.1 Exictos Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Exictos Sales, Value, Price, Gross Margin 2016-2021
3.18 Avaloq Market Performance Analysis
3.18.1 Avaloq Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Avaloq Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Retail Core Banking Systems Production and Value by Type
4.1.1 Global Retail Core Banking Systems Production by Type 2016-2021
4.1.2 Global Retail Core Banking Systems Market Value by Type 2016-2021
4.2 Global Retail Core Banking Systems Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 On-Premises Market Production, Value and Growth Rate
4.2.2 Managed Market Production, Value and Growth Rate
4.2.3 Hybrid Market Production, Value and Growth Rate
4.3 Global Retail Core Banking Systems Production and Value Forecast by Type
4.3.1 Global Retail Core Banking Systems Production Forecast by Type 2021-2026
4.3.2 Global Retail Core Banking Systems Market Value Forecast by Type 2021-2026
4.4 Global Retail Core Banking Systems Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 On-Premises Market Production, Value and Growth Rate Forecast
4.4.2 Managed Market Production, Value and Growth Rate Forecast
4.4.3 Hybrid Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Retail Core Banking Systems Consumption and Value by Application
5.1.1 Global Retail Core Banking Systems Consumption by Application 2016-2021
5.1.2 Global Retail Core Banking Systems Market Value by Application 2016-2021
5.2 Global Retail Core Banking Systems Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Web-Based Market Consumption, Value and Growth Rate
5.2.2 Installed Market Consumption, Value and Growth Rate
5.2.3 IOS Market Consumption, Value and Growth Rate
5.2.4 Android Market Consumption, Value and Growth Rate
5.3 Global Retail Core Banking Systems Consumption and Value Forecast by Application
5.3.1 Global Retail Core Banking Systems Consumption Forecast by Application 2021-2026
5.3.2 Global Retail Core Banking Systems Market Value Forecast by Application 2021-2026
5.4 Global Retail Core Banking Systems Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Web-Based Market Consumption, Value and Growth Rate Forecast
5.4.2 Installed Market Consumption, Value and Growth Rate Forecast
5.4.3 IOS Market Consumption, Value and Growth Rate Forecast
5.4.4 Android Market Consumption, Value and Growth Rate Forecast

6 Global Retail Core Banking Systems by Region, Historical Data and Market Forecasts
6.1 Global Retail Core Banking Systems Sales by Region 2016-2021
6.2 Global Retail Core Banking Systems Market Value by Region 2016-2021
6.3 Global Retail Core Banking Systems Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Retail Core Banking Systems Sales Forecast by Region 2021-2026
6.5 Global Retail Core Banking Systems Market Value Forecast by Region 2021-2026
6.6 Global Retail Core Banking Systems Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Retail Core Banking Systems Value and Market Growth 2016-2021
7.2 United State Retail Core Banking Systems Sales and Market Growth 2016-2021
7.3 United State Retail Core Banking Systems Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Retail Core Banking Systems Value and Market Growth 2016-2021
8.2 Canada Retail Core Banking Systems Sales and Market Growth 2016-2021
8.3 Canada Retail Core Banking Systems Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Retail Core Banking Systems Value and Market Growth 2016-2021
9.2 Germany Retail Core Banking Systems Sales and Market Growth 2016-2021
9.3 Germany Retail Core Banking Systems Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Retail Core Banking Systems Value and Market Growth 2016-2021
10.2 UK Retail Core Banking Systems Sales and Market Growth 2016-2021
10.3 UK Retail Core Banking Systems Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Retail Core Banking Systems Value and Market Growth 2016-2021
11.2 France Retail Core Banking Systems Sales and Market Growth 2016-2021
11.3 France Retail Core Banking Systems Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Retail Core Banking Systems Value and Market Growth 2016-2021
12.2 Italy Retail Core Banking Systems Sales and Market Growth 2016-2021
12.3 Italy Retail Core Banking Systems Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Retail Core Banking Systems Value and Market Growth 2016-2021
13.2 Spain Retail Core Banking Systems Sales and Market Growth 2016-2021
13.3 Spain Retail Core Banking Systems Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Retail Core Banking Systems Value and Market Growth 2016-2021
14.2 Russia Retail Core Banking Systems Sales and Market Growth 2016-2021
14.3 Russia Retail Core Banking Systems Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Retail Core Banking Systems Value and Market Growth 2016-2021
15.2 China Retail Core Banking Systems Sales and Market Growth 2016-2021
15.3 China Retail Core Banking Systems Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Retail Core Banking Systems Value and Market Growth 2016-2021
16.2 Japan Retail Core Banking Systems Sales and Market Growth 2016-2021
16.3 Japan Retail Core Banking Systems Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Retail Core Banking Systems Value and Market Growth 2016-2021
17.2 South Korea Retail Core Banking Systems Sales and Market Growth 2016-2021
17.3 South Korea Retail Core Banking Systems Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Retail Core Banking Systems Value and Market Growth 2016-2021
18.2 Australia Retail Core Banking Systems Sales and Market Growth 2016-2021
18.3 Australia Retail Core Banking Systems Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Retail Core Banking Systems Value and Market Growth 2016-2021
19.2 Thailand Retail Core Banking Systems Sales and Market Growth 2016-2021
19.3 Thailand Retail Core Banking Systems Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Retail Core Banking Systems Value and Market Growth 2016-2021
20.2 Brazil Retail Core Banking Systems Sales and Market Growth 2016-2021
20.3 Brazil Retail Core Banking Systems Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Retail Core Banking Systems Value and Market Growth 2016-2021
21.2 Argentina Retail Core Banking Systems Sales and Market Growth 2016-2021
21.3 Argentina Retail Core Banking Systems Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Retail Core Banking Systems Value and Market Growth 2016-2021
22.2 Chile Retail Core Banking Systems Sales and Market Growth 2016-2021
22.3 Chile Retail Core Banking Systems Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Retail Core Banking Systems Value and Market Growth 2016-2021
23.2 South Africa Retail Core Banking Systems Sales and Market Growth 2016-2021
23.3 South Africa Retail Core Banking Systems Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Retail Core Banking Systems Value and Market Growth 2016-2021
24.2 Egypt Retail Core Banking Systems Sales and Market Growth 2016-2021
24.3 Egypt Retail Core Banking Systems Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Retail Core Banking Systems Value and Market Growth 2016-2021
25.2 UAE Retail Core Banking Systems Sales and Market Growth 2016-2021
25.3 UAE Retail Core Banking Systems Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Retail Core Banking Systems Value and Market Growth 2016-2021
26.2 Saudi Arabia Retail Core Banking Systems Sales and Market Growth 2016-2021
26.3 Saudi Arabia Retail Core Banking Systems Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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