Market Overview:
The global banking as a digital platform market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for digital banking solutions among retail, SME, and corporate customers. In addition, the growing trend of cloud-based deployments is also contributing to the growth of this market. The global banking as a digital platform market can be segmented on the basis of type into PC and mobile platforms. The PC platform is expected to hold a larger share in terms of revenue in 2018; however, the mobile platform is expected to grow at a higher CAGR during the forecast period from 2018 to 2030. This can be attributed to rising demand for mobility among customers across different geographies. On the basis of application, retail digital banking held majority share in 2017 and it is projected that this segment will continue its dominance throughout 2030 owing increased adoption by small businesses (SMEs) for their online presence and better customer experience with enhanced features such as real-time account monitoring, fund transfers etcetera .
Product Definition:
Banking as a digital platform refers to the use of technology to provide banking services. This can include online banking, mobile banking, and other electronic means of transacting business with a bank. The importance of banking as a digital platform is that it allows customers to conduct transactions quickly and easily, often from anywhere there is an internet connection. It also allows banks to more efficiently manage their operations by automating tasks that can be done electronically.
PC:
PC is a payment channel that uses the internet as its medium of exchange. It is also known as digital money or virtual currency. The payments can be made using mobile phones, computers or other devices connected to the internet. Digital money has different forms such as Bitcoin, Litecoin and Dogecoin among others which means there are many types of digital currencies in the market today.
Mobile:
Mobile and it's usage in Banking as a Digital Platform is the segment where banks are using mobile devices such as smartphones and tablets to provide their customers with services. The banking sector has been rapidly adopting new technologies such as m-banking, which is the use of mobile banking technology for financial transactions. Mobile phones have become an essential part of people’s lives; they are widely used for communication, entertainment, shopping etc.
Application Insights:
The corporate digital banking segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of these services by large enterprises to manage their operations efficiently. In addition, growing demand for innovative solutions by SMEs is expected to drive the segment growth over the forecast period.
The retail digital banking segment is projected register notable gains owing to increased usage of mobile devices as a primary channel for financial transactions and an effective medium for communication with customers. Furthermore, rising penetration of smartphones has enabled banks to introduce new applications that provide enhanced customer experience such as mobile payments, e-banking facilities etcetera.
Regional Analysis:
The North American regional market dominated the global banking as a digital platform industry in 2016. The growth of this market is attributed to the presence of numerous players such as Bank Of America, Citigroup, Wells Fargo and JPMorgan Chase & Co. In addition, these companies are also focusing on developing new products that can be used by customers for both personal and business purposes. This factor is expected to drive the demand for banking solutions over the forecast period.
However, Asia Pacific region is anticipated to witness significant growth over the next eight years owing to increasing internet penetration rates in countries such as India and China among others which will lead consumers towards online financial services thereby driving demand for digital platforms in this region during forecast period from 2018 till 2030 (See Figure 1).
Growth Factors:
- Increased demand for digital banking services from consumers and businesses
- Proliferation of mobile devices and apps that provide banking capabilities
- Growth in online/mobile payments and money transfers
- Expansion of financial technology (fintech) companies that offer innovative banking products and services
- Regulatory changes that encourage or mandate the use of digital platforms for banking
Scope Of The Report
Report Attributes
Report Details
Report Title
Banking as a Digital Platform Market Research Report
By Type
PC, Mobile
By Application
Retail Digital Banking, SME Digital Banking, Corporate Digital Banking
By Companies
Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, D3 Banking Technology, Alkami, Q2 eBanking, Finastra, SAP, Temenos, FIS Global, Fiserv, Oracle, Innofis, Mobilearth
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Banking as a Digital Platform Market Report Segments:
The global Banking as a Digital Platform market is segmented on the basis of:
Types
PC, Mobile
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
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
- Digiliti Money
- D3 Banking Technology
- Alkami
- Q2 eBanking
- Finastra
- SAP
- Temenos
- FIS Global
- Fiserv
- Oracle
- Innofis
- Mobilearth
Highlights of The Banking as a Digital Platform 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
- By Application:
- Retail Digital Banking
- SME Digital Banking
- Corporate Digital Banking
- 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 Banking as a Digital Platform 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?
Banking as a digital platform is a way to provide banking products and services to customers through the use of technology. This can include online banking, mobile banking, and other digital platforms.
Some of the major players in the banking as a digital platform market are Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, D3 Banking Technology, Alkami, Q2 eBanking, Finastra, SAP, Temenos, FIS Global, Fiserv, Oracle, Innofis, Mobilearth.
The banking as a digital platform market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Banking as a Digital Platform Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Banking as a Digital Platform Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Banking as a Digital Platform Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Banking as a Digital Platform Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Banking as a Digital Platform Market Size & Forecast, 2018-2028
4.5.1 Banking as a Digital Platform Market Size and Y-o-Y Growth
4.5.2 Banking as a Digital Platform Market Absolute $ Opportunity
Chapter 5 Global Banking as a Digital Platform Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Banking as a Digital Platform Market Size Forecast by Type
5.2.1 PC
5.2.2 Mobile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Banking as a Digital Platform Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Banking as a Digital Platform Market Size Forecast by Applications
6.2.1 Retail Digital Banking
6.2.2 SME Digital Banking
6.2.3 Corporate Digital Banking
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Banking as a Digital Platform Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Banking as a Digital Platform Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Banking as a Digital Platform Analysis and Forecast
9.1 Introduction
9.2 North America Banking as a Digital Platform Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Banking as a Digital Platform Market Size Forecast by Type
9.6.1 PC
9.6.2 Mobile
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Banking as a Digital Platform Market Size Forecast by Applications
9.10.1 Retail Digital Banking
9.10.2 SME Digital Banking
9.10.3 Corporate Digital Banking
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Banking as a Digital Platform Analysis and Forecast
10.1 Introduction
10.2 Europe Banking as a Digital Platform Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Banking as a Digital Platform Market Size Forecast by Type
10.6.1 PC
10.6.2 Mobile
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Banking as a Digital Platform Market Size Forecast by Applications
10.10.1 Retail Digital Banking
10.10.2 SME Digital Banking
10.10.3 Corporate Digital Banking
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Banking as a Digital Platform Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Banking as a Digital Platform Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Banking as a Digital Platform Market Size Forecast by Type
11.6.1 PC
11.6.2 Mobile
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Banking as a Digital Platform Market Size Forecast by Applications
11.10.1 Retail Digital Banking
11.10.2 SME Digital Banking
11.10.3 Corporate Digital Banking
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Banking as a Digital Platform Analysis and Forecast
12.1 Introduction
12.2 Latin America Banking as a Digital Platform Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Banking as a Digital Platform Market Size Forecast by Type
12.6.1 PC
12.6.2 Mobile
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Banking as a Digital Platform Market Size Forecast by Applications
12.10.1 Retail Digital Banking
12.10.2 SME Digital Banking
12.10.3 Corporate Digital Banking
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Banking as a Digital Platform Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Banking as a Digital Platform Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Banking as a Digital Platform Market Size Forecast by Type
13.6.1 PC
13.6.2 Mobile
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Banking as a Digital Platform Market Size Forecast by Applications
13.10.1 Retail Digital Banking
13.10.2 SME Digital Banking
13.10.3 Corporate Digital Banking
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Banking as a Digital Platform Market: Competitive Dashboard
14.2 Global Banking as a Digital Platform Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Urban FT
14.3.2 Kony
14.3.3 Backbase
14.3.4 Technisys
14.3.5 Infosys
14.3.6 Digiliti Money
14.3.7 D3 Banking Technology
14.3.8 Alkami
14.3.9 Q2 eBanking
14.3.10 Finastra
14.3.11 SAP
14.3.12 Temenos
14.3.13 FIS Global
14.3.14 Fiserv
14.3.15 Oracle
14.3.16 Innofis
14.3.17 Mobilearth
