Market Overview:
The global digital banking platform and services market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market was valued at US$ 9,584.8 Mn in 2017 and is projected to reach US$ 24,711.4 Mn by 2030. In terms of type, the PC segment had a market share of 67% in 2018., while mobile held a share of 33%. Digital banking platforms are witnessing an increasing demand from retail digital banking, SME digital banking and corporate digital banking applications respectively. Among regions, North America held the largest share of the global digital banking platform and services market in 2017.
Product Definition:
A digital banking platform is a type of software that allows banks to offer online banking services to their customers. This type of software allows customers to manage their bank accounts, make transactions, and conduct other banking activities online. Digital banking platforms also provide banks with the ability to offer other online services, such as online bill payment and account management. The importance of digital banking platforms lies in the fact that they allow banks to provide a wide range of online services to their customers, which can improve customer satisfaction and loyalty. Additionally, digital banking platforms can help banks reduce costs by allowing them to conduct many operations electronically rather than through traditional methods.
PC:
Personal computer is a generic name for all the electronic devices that are used for computing. It includes laptops, desktops, and tablets. In current times, it’s commonly used to refer to any personal computer or a PC irrespective of its size and shape. Technological proliferation has led to the development of small sized PCs known as “netbooks” which are primarily designed for use by consumers at home or in small businesses.
Mobile:
Mobile is the most used device in the world. It is also one of the important devices for banking and financial services. Mobile phones have become an essential part of people's lives, both at work and at play. They are a key component of modern-day business communications as well as a means for conducting personal business affairs including payments, marketing & promotions, orders & subscriptions, etc.
Application Insights:
The retail digital banking segment is expected to dominate the market throughout the forecast period. The growth of this segment can be attributed to increasing adoption of smartphones, which in turn has led to an increase in online banking transactions. Furthermore, rising penetration of internet and mobile phones coupled with growing awareness regarding online banking facilities among consumers is further anticipated to drive growth over the forecast period.
SME digital Banking was the second largest application segment in 2018 and accounted for a share of 33% in terms of volume as well as revenue. The high share held by this segment can be attributed to factors such as lacklustre adoption rate among large enterprises when compared with small businesses and individual consumers who use SME Digital Banking Platforms for their day-to-day business operations., corporate digital banking also had a significant market share owing due its niche application across developing economies where there are fewer physical branches but many intermediaries that offer various services through web interfaces.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing internet penetration, rising smartphone adoption, and the presence of several prominent players in this region. Moreover, growing investments by global digital banking providers are anticipated to drive regional market growth over the forecast period. For instance, In January 2018., NTT Docomo invested USD X million for acquiring a majority stake of India based payments solution provider Paytm Ltd.; thereby strengthening its foothold in India's e-commerce sector and further expanding its customer base across all segments including small & medium enterprises (SMEs), large enterprises and consumers.
In Europe, countries such as U.K.
Growth Factors:
- Increasing demand for digital banking platforms and services from small and medium-sized businesses (SMBs) due to the growing need for enhanced security, efficiency, and convenience.
- The increasing demand for mobile banking solutions among consumers, especially millennials who are more comfortable with using mobile devices for banking transactions.
- The rising trend of cloud-based deployments of digital banking platforms and services that offer scalability, flexibility, and cost-effectiveness to organizations.
- The increasing use of big data analytics in the financial sector to identify customer trends and preferences as well as detect fraudulent activities. This is helping banks improve their product offerings as well as fraud prevention measures through better risk management practices. 5)The growing popularity of open application programming interfaces (APIs) that allow third-party developers to build innovative applications on top of existing digital banking platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Banking Platform and Services Market Research Report
By Type
PC, Mobile, PC had a market share of 67% in 2018., Digital Banking Platform and Service
By Application
Retail Digital Banking, SME Digital Banking, Corporate Digital Banking, SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
By Companies
Urban FT, Kony, Backbase, Technisys, Infosys Finacle, NCR Corporation, Alkami, Q2 Holdings, Finastra, SAP, Mobilearth, Temenos, FIS Global, Fiserv, Oracle, Crealogix, Tata Consultancy Services, Sopra Banking Software, Intellect Design Arena, i-exceed, Digital Banking Platform and Service
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Digital Banking Platform and Services Market Report Segments:
The global Digital Banking Platform and Services market is segmented on the basis of:
Types
PC, Mobile, PC had a market share of 67% in 2018., Digital Banking Platform and Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Digital Banking, SME Digital Banking, Corporate Digital Banking, SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Urban FT
- Kony
- Backbase
- Technisys
- Infosys Finacle
- NCR Corporation
- Alkami
- Q2 Holdings
- Finastra
- SAP
- Mobilearth
- Temenos
- FIS Global
- Fiserv
- Oracle
- Crealogix
- Tata Consultancy Services
- Sopra Banking Software
- Intellect Design Arena
- i-exceed
- Digital Banking Platform and Service
Highlights of The Digital Banking Platform and Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PC
- Mobile
- PC had a market share of 67% in 2018.
- Digital Banking Platform and Service
- By Application:
- Retail Digital Banking
- SME Digital Banking
- Corporate Digital Banking
- SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Banking Platform and Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital banking platform and services are a suite of products and services that allow customers to manage their finances online. These products may include accounts, loans, investments, and other financial products. Digital banking platforms typically offer a variety of features such as mobile apps, online tools, and 24/7 customer support.
Some of the key players operating in the digital banking platform and services market are Urban FT, Kony, Backbase, Technisys, Infosys Finacle, NCR Corporation, Alkami, Q2 Holdings, Finastra, SAP, Mobilearth, Temenos, FIS Global, Fiserv, Oracle, Crealogix, Tata Consultancy Services, Sopra Banking Software, Intellect Design Arena, i-exceed, Digital Banking Platform and Service.
The digital banking platform and services market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Banking Platform and Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Digital Banking Platform and Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digital Banking Platform and Services Market - Supply Chain
4.5. Global Digital Banking Platform and Services Market Forecast
4.5.1. Digital Banking Platform and Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Banking Platform and Services Market Size (000 Units) and Y-o-Y Growth
4.5.3. Digital Banking Platform and Services Market Absolute $ Opportunity
5. Global Digital Banking Platform and Services Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Digital Banking Platform and Services Market Size and Volume Forecast by Type
5.3.1. PC
5.3.2. Mobile
5.3.3. PC had a market share of 67% in 2018.
5.3.4. Digital Banking Platform and Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Digital Banking Platform and Services Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Digital Banking Platform and Services Market Size and Volume Forecast by Application
6.3.1. Retail Digital Banking
6.3.2. SME Digital Banking
6.3.3. Corporate Digital Banking
6.3.4. SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Digital Banking Platform and Services Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Digital Banking Platform and Services Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Digital Banking Platform and Services Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Digital Banking Platform and Services Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Digital Banking Platform and Services Demand Share Forecast, 2019-2026
9. North America Digital Banking Platform and Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Digital Banking Platform and Services Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Digital Banking Platform and Services Market Size and Volume Forecast by Application
9.4.1. Retail Digital Banking
9.4.2. SME Digital Banking
9.4.3. Corporate Digital Banking
9.4.4. SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Digital Banking Platform and Services Market Size and Volume Forecast by Type
9.7.1. PC
9.7.2. Mobile
9.7.3. PC had a market share of 67% in 2018.
9.7.4. Digital Banking Platform and Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Digital Banking Platform and Services Demand Share Forecast, 2019-2026
10. Latin America Digital Banking Platform and Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Digital Banking Platform and Services Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Digital Banking Platform and Services Market Size and Volume Forecast by Application
10.4.1. Retail Digital Banking
10.4.2. SME Digital Banking
10.4.3. Corporate Digital Banking
10.4.4. SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Digital Banking Platform and Services Market Size and Volume Forecast by Type
10.7.1. PC
10.7.2. Mobile
10.7.3. PC had a market share of 67% in 2018.
10.7.4. Digital Banking Platform and Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Digital Banking Platform and Services Demand Share Forecast, 2019-2026
11. Europe Digital Banking Platform and Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Digital Banking Platform and Services Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Digital Banking Platform and Services Market Size and Volume Forecast by Application
11.4.1. Retail Digital Banking
11.4.2. SME Digital Banking
11.4.3. Corporate Digital Banking
11.4.4. SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Digital Banking Platform and Services Market Size and Volume Forecast by Type
11.7.1. PC
11.7.2. Mobile
11.7.3. PC had a market share of 67% in 2018.
11.7.4. Digital Banking Platform and Service
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Digital Banking Platform and Services Demand Share, 2019-2026
12. Asia Pacific Digital Banking Platform and Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Digital Banking Platform and Services Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Digital Banking Platform and Services Market Size and Volume Forecast by Application
12.4.1. Retail Digital Banking
12.4.2. SME Digital Banking
12.4.3. Corporate Digital Banking
12.4.4. SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Digital Banking Platform and Services Market Size and Volume Forecast by Type
12.7.1. PC
12.7.2. Mobile
12.7.3. PC had a market share of 67% in 2018.
12.7.4. Digital Banking Platform and Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Digital Banking Platform and Services Demand Share, 2019-2026
13. Middle East & Africa Digital Banking Platform and Services Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Digital Banking Platform and Services Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Digital Banking Platform and Services Market Size and Volume Forecast by Application
13.4.1. Retail Digital Banking
13.4.2. SME Digital Banking
13.4.3. Corporate Digital Banking
13.4.4. SME Digital Banking is the greatest segment of Digital Banking Platform and Services application, with a share of 67% in 2018.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Digital Banking Platform and Services Market Size and Volume Forecast by Type
13.7.1. PC
13.7.2. Mobile
13.7.3. PC had a market share of 67% in 2018.
13.7.4. Digital Banking Platform and Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Digital Banking Platform and Services Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Digital Banking Platform and Services Market: Market Share Analysis
14.2. Digital Banking Platform and Services Distributors and Customers
14.3. Digital Banking Platform and Services Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Urban FT
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kony
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Backbase
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Technisys
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Infosys Finacle
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NCR Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alkami
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Q2 Holdings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Finastra
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SAP
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mobilearth
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Temenos
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. FIS Global
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fiserv
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Oracle
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Crealogix
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tata Consultancy Services
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sopra Banking Software
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
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