Market Overview:
The global corporate digital banking market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online and mobile banking services among businesses, and the need for enhanced security measures against cyber-attacks. The small- and medium-sized enterprises segment is expected to account for the majority of the market share during the forecast period, owing to their growing adoption of digital banking solutions. In terms of region, North America is expected to lead the global corporate digital banking market due to its well-developed infrastructure and high adoption rate of new technologies.
Product Definition:
Corporate digital banking refers to the provision of online banking services to businesses or organizations. It is a way for companies to manage their finances and transactions electronically, without having to go through a traditional bank.
- Reduced costs - By conducting transactions online, businesses can save money on postage, paper usage, and other related expenses.
- Increased efficiency - Transactions can be processed quickly and easily online, which can save time and improve workflow.
- improved security - Online banking systems are often more secure than traditional methods, providing peace of mind for business owners.
Small- and Medium-Sized Enterprises:
Small- and medium-sized enterprises (SMEs) are the backbone of any economy. They create the majority of jobs, drive innovation, and fuel economic growth. However, when it comes to banking services; these firms have traditionally been left out in the cold with limited options other than using local banks or checking accounts. This is where digital banking comes into play as a solution to address such issues faced by SMEs across all geographies globally.
Large-Sized Enterprises:
Large-sized enterprises (LSEs) are characterized by having more than 250 employees. LSEs have different needs and challenges in terms of digital banking adoption, which is the focus of this study. The corporate sector has been rapidly changing over the years as many traditional businesses have transformed into new-age companies that are focused on customer experience and interaction through multiple channels.
Application Insights:
The other application segment includes retail, e-commerce, e-government and others. The electronic commerce segment is expected to witness significant growth over the forecast period owing to the increasing use of digital banking solutions by enterprises and consumers for online payment of utility bills, railway ticket booking and air tickets purchase. Furthermore, growing demand for corporate social responsibility (CSR) initiatives is anticipated to drive this market in developing countries such as India and China. For instance, Small Industries Development Bank of India (SIDBI) has started a new initiative named Pradhan Mantri Jan Dhan Yojana which aims at providing financial services to the rural population in order to improve their living standards.
Regional Analysis:
The North American regional market dominated the global digital banking industry in 2016. The growth of this region can be attributed to the presence of a large number of small- and medium-sized enterprises (SMEs) that lack sophisticated financial infrastructure. These SMEs are increasingly adopting digital solutions to reduce operational costs and enhance productivity, which is expected to drive demand for corporate digital banking solutions over the forecast period.
Asia Pacific is projected to emerge as the fastest-growing regional market from 2017 to 2030 owing high adoption rates of advanced technologies such as internet, mobile phones, social media among others across emerging economies such as China and India. The increasing use of internet services by corporations has led them further toward implementation corporate e-banking platforms for better customer experience and enhanced business operations at lower costs.
Growth Factors:
- Increasing demand for online and mobile banking from consumers and businesses
- Proliferation of digital channels (e.g., social media, mobile apps, etc.) that banks can use to interact with customers
- Rising demand for innovative banking products and services that cater to the needs of digital-savvy customers
- Banks' efforts to improve their customer experience through digitization initiatives
- Emergence of new technologies (e.g., blockchain, artificial intelligence, etc.) that can help banks streamline their operations and provide better customer service
Scope Of The Report
Report Attributes
Report Details
Report Title
Corporate Digital Banking Market Research Report
By Type
Small- and Medium-Sized Enterprises, Large-Sized Enterprises
By Application
Financial Services, Electronic Commerce, Other
By Companies
Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Corporate Digital Banking Market Report Segments:
The global Corporate Digital Banking market is segmented on the basis of:
Types
Small- and Medium-Sized Enterprises, Large-Sized Enterprises
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
Financial Services, Electronic Commerce, Other
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
- Innofis
- Mobilearth
- D3 Banking Technology
- Alkami
- Q2
- Misys
- SAP
Highlights of The Corporate Digital Banking 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:
- Small- and Medium-Sized Enterprises
- Large-Sized Enterprises
- By Application:
- Financial Services
- Electronic Commerce
- Other
- 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 Corporate Digital Banking 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Corporate digital banking is a suite of technologies that allow businesses to manage their finances and transactions in a more efficient and secure way. Corporate digital banking can include tools for online account management, bill payment, financial planning, and other services.
Some of the key players operating in the corporate digital banking market are Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP.
The corporate digital banking market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corporate Digital Banking 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 Corporate Digital Banking Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corporate Digital Banking 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 Corporate Digital Banking 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 Corporate Digital Banking Market Size & Forecast, 2018-2028
4.5.1 Corporate Digital Banking Market Size and Y-o-Y Growth
4.5.2 Corporate Digital Banking Market Absolute $ Opportunity
Chapter 5 Global Corporate Digital Banking 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 Corporate Digital Banking Market Size Forecast by Type
5.2.1 Small- and Medium-Sized Enterprises
5.2.2 Large-Sized Enterprises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Corporate Digital Banking 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 Corporate Digital Banking Market Size Forecast by Applications
6.2.1 Financial Services
6.2.2 Electronic Commerce
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corporate Digital Banking 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 Corporate Digital Banking 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 Corporate Digital Banking Analysis and Forecast
9.1 Introduction
9.2 North America Corporate Digital Banking 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 Corporate Digital Banking Market Size Forecast by Type
9.6.1 Small- and Medium-Sized Enterprises
9.6.2 Large-Sized Enterprises
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 Corporate Digital Banking Market Size Forecast by Applications
9.10.1 Financial Services
9.10.2 Electronic Commerce
9.10.3 Other
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 Corporate Digital Banking Analysis and Forecast
10.1 Introduction
10.2 Europe Corporate Digital Banking 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 Corporate Digital Banking Market Size Forecast by Type
10.6.1 Small- and Medium-Sized Enterprises
10.6.2 Large-Sized Enterprises
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 Corporate Digital Banking Market Size Forecast by Applications
10.10.1 Financial Services
10.10.2 Electronic Commerce
10.10.3 Other
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 Corporate Digital Banking Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Corporate Digital Banking 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 Corporate Digital Banking Market Size Forecast by Type
11.6.1 Small- and Medium-Sized Enterprises
11.6.2 Large-Sized Enterprises
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 Corporate Digital Banking Market Size Forecast by Applications
11.10.1 Financial Services
11.10.2 Electronic Commerce
11.10.3 Other
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 Corporate Digital Banking Analysis and Forecast
12.1 Introduction
12.2 Latin America Corporate Digital Banking 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 Corporate Digital Banking Market Size Forecast by Type
12.6.1 Small- and Medium-Sized Enterprises
12.6.2 Large-Sized Enterprises
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 Corporate Digital Banking Market Size Forecast by Applications
12.10.1 Financial Services
12.10.2 Electronic Commerce
12.10.3 Other
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) Corporate Digital Banking Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Corporate Digital Banking 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) Corporate Digital Banking Market Size Forecast by Type
13.6.1 Small- and Medium-Sized Enterprises
13.6.2 Large-Sized Enterprises
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) Corporate Digital Banking Market Size Forecast by Applications
13.10.1 Financial Services
13.10.2 Electronic Commerce
13.10.3 Other
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 Corporate Digital Banking Market: Competitive Dashboard
14.2 Global Corporate Digital Banking 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 Innofis
14.3.8 Mobilearth
14.3.9 D3 Banking Technology
14.3.10 Alkami
14.3.11 Q2
14.3.12 Misys
14.3.13 SAP
