• Stacy Lawlor

Digital Banking Market

Digital Banking Market Size, By Type (Retail Banking, Corporate Banking, Investment Banking), By Service (Transactional [Cash Deposits & Withdrawals, Fund Transfers, Auto-Debit/Auto-Credit Services, Loans], Non-Transactional [Information Security, Risk Management, Financial Planning, Stock Advisory]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast

Summary: Industry Trends

Global Digital Banking Platform market is projected to grow at a significant CAGR during the forecast period. The growing demand among banks to deliver enhanced customer experience, the increasing adoption of cloud-based platforms to obtain higher scalability, the rising adoption of smartphones and tablets as well as the increasing demand for streamlining business processes are some of the significant factors contributing to the growth of the digital banking platforms market. Based on banking types, the retail banking segment is expected to be the largest contributor to the digital banking platforms market during the forecast period. Based on banking types, the digital banking platforms market is classified into retail banking and corporate banking. Retail banking has emerged as an essential enabler in the market in translating the banking models across the globe. Based on banking modes, the mobile banking segment is expected to grow at a higher CAGR during the forecast period. Based on banking modes, the digital banking platforms market is segmented into online banking and mobile banking. Based on deployment types, the on-premises deployment type is expected to contribute a significant share during the forecast period. Geographically, the market is segmented into Asia-Pacific, North America, South America, Middle East & Africa, and Europe. North America is expected to account for the largest market size during the forecast period. Some of the leading players of the market, include Appway, Backbase, CREALOGIX, ebanklT, EdgeVerve, Intellect Design Arena, Finastra, ieDigital, among others.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

To analyse and forecast the market size of Global Digital Banking Platform Market, in terms of Value and Volume.

To classify and forecast Global Digital Banking Platform Market based on banking type, deployment mode, banking mode and regional distribution.

To identify drivers and challenges for Global Digital Banking Platform Market.

To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Digital Banking Platform Market.

To conduct the pricing analysis for Global Digital Banking Platform Market.

To identify and analyse the profile of leading players involved in the manufacturing of Global Digital Banking Platform.

Kings Research performed both primary as well as exhaustive secondary research for this study. Initially, Kings Research sourced a list of manufacturers across the globe. Subsequently, Kings Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Kings Research could include the manufacturers which could not be identified due to the limitations of secondary research. Kings Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

Kings Research calculated the market size of Global Digital Banking Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Kings Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Kings Research.

Key Target Audience:

Digital Banking Platform service providers

Digital Banking Platform solution providers

Cloud service providers

Consultancy firms

Research organizations

Regulatory agencies

System integrators

Government entities

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.