Market Overview:
The global digital banking platforms 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, and the need for enhanced security measures against cyber-attacks. On-premises digital banking platforms are expected to dominate the market during the forecast period, owing to their ability to provide enhanced security features and customized solutions as per customer requirements. However, cloud-based digital banking platforms are expected to grow at a higher CAGR during the forecast period, due to their low cost of ownership and easy scalability.
Product Definition:
A digital banking platform is a technology infrastructure that allows banks to offer online banking services to their customers. Digital banking platforms provide a secure way for customers to access their bank accounts, perform transactions, and manage their finances online. They also enable banks to offer innovative features and services such as mobile banking, online payments, and money transfers.
The importance of digital banking platforms lies in the fact that they provide a convenient and secure way for customers to bank online. They allow banks to offer innovative features and services that improve customer experience and help them manage their finances more effectively. Additionally, digital banking platforms can help banks reduce costs by automating routine processes such as account management and transactions processing.
On-Premises:
On-premises, it's usage and growth factor in Digital Banking Platforms market is a study analyzing the on-premises technology usage and growth factors in digital banking platforms. It helps banks, FinTech companies & financial institutions to understand the potential of cloud computing services for their business models. The research study encompasses a competitive landscape of on-premises, it's usage and growth factor in Digital Banking Platforms market.
Cloud:
Cloud and it's usage in Digital Banking Platforms market is a technology that provides shared computer resources over a network. It also helps to store data remotely on cloud using various services such as SaaS (Software-as-a-Service), PaaS (Platform-as-a-Service) or IaaS (Infrastructure-as -a -Service).
Application Insights:
The online banking segment dominated the global digital banking platforms market in 2017. The growth of this segment can be attributed to the increasing usage of internet-based communication and computing devices. Furthermore, growing demand for e-commerce and rising disposable income levels are expected to drive the growth of online banking applications over the forecast period.
The mobile Banking application is gaining traction across regions owing to its convenience and accessibility. Mobile phones are becoming more sophisticated with features like Fingerprint scanners, high resolution cameras, etc., which provide consumers with a better experience while accessing their accounts from anywhere in the world through cell phones or wireless devices. This has led to an increased adoption of mobile Banking solutions worldwide which is anticipated to fuel revenue generation over the forecast period.
Regional Analysis:
The Asia Pacific region is anticipated to emerge as a predominant region over the forecast period. The growth of the regional market can be attributed to increasing internet penetration, rising adoption of smartphones, and enhanced security features in online banking platforms. Moreover, growing investments by global players in developing countries such as India and China are expected to drive demand for digital banking solutions over the next eight years.
North America accounted for more than 25% share of global revenue in 2017 owing to high demand from enterprises and financial institutions operating across U.S., Canada, and Mexico. The presence of major technology companies such as IBM Corporation; Google LLC; Cisco Systems Inc.; Hewlett Packard Enterprise Development LP; Citrix Systems Inc.; Salesforce CRM; Microsoft Corporation has resulted into higher adoption rate for digital banking platforms among users located within North America region compared with other regions globally.
Growth Factors:
- Increasing demand for digital banking platforms from small and medium-sized businesses (SMBs) due to the growing need for enhanced security, scalability, and efficiency.
- The increasing demand for mobile banking solutions that offer a better user experience and are more convenient to use.
- The rising trend of cloud-based deployments of digital banking platforms, which helps organizations reduce costs and improve efficiency.
- The increasing focus on big data analytics by banks in order to gain a competitive edge by understanding customer behavior patterns and preferences in detail.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Banking Platforms Market Research Report
By Type
On-Premises, Cloud
By Application
Online Banking, Mobile Banking
By Companies
Backbase, EdgeVerve Systems, Temenos, Finastra, TCS, Appway, NETinfo, Worldline, SAP, BNY Mellon, Oracle, Sopra, CREALOGIX, Fiserv, Intellect Design Arena
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Digital Banking Platforms Market Report Segments:
The global Digital Banking Platforms market is segmented on the basis of:
Types
On-Premises, Cloud
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
Online Banking, Mobile 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:
- Backbase
- EdgeVerve Systems
- Temenos
- Finastra
- TCS
- Appway
- NETinfo
- Worldline
- SAP
- BNY Mellon
- Oracle
- Sopra
- CREALOGIX
- Fiserv
- Intellect Design Arena
Highlights of The Digital Banking Platforms 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:
- On-Premises
- Cloud
- By Application:
- Online Banking
- Mobile 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 Digital Banking Platforms 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
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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 platforms are online platforms that allow customers to access their bank accounts, make transactions, and manage their finances. They typically include features such as account management, bill payment, and money transfers.
Some of the major companies in the digital banking platforms market are Backbase, EdgeVerve Systems, Temenos, Finastra, TCS, Appway, NETinfo, Worldline, SAP, BNY Mellon, Oracle, Sopra, CREALOGIX, Fiserv, Intellect Design Arena.
The digital banking platforms 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 Digital Banking Platforms 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 Digital Banking Platforms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Banking Platforms 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 Digital Banking Platforms 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 Digital Banking Platforms Market Size & Forecast, 2018-2028
4.5.1 Digital Banking Platforms Market Size and Y-o-Y Growth
4.5.2 Digital Banking Platforms Market Absolute $ Opportunity
Chapter 5 Global Digital Banking Platforms 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 Digital Banking Platforms Market Size Forecast by Type
5.2.1 On-Premises
5.2.2 Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Banking Platforms 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 Digital Banking Platforms Market Size Forecast by Applications
6.2.1 Online Banking
6.2.2 Mobile Banking
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Banking Platforms 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 Digital Banking Platforms 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 Digital Banking Platforms Analysis and Forecast
9.1 Introduction
9.2 North America Digital Banking Platforms 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 Digital Banking Platforms Market Size Forecast by Type
9.6.1 On-Premises
9.6.2 Cloud
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 Digital Banking Platforms Market Size Forecast by Applications
9.10.1 Online Banking
9.10.2 Mobile 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 Digital Banking Platforms Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Banking Platforms 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 Digital Banking Platforms Market Size Forecast by Type
10.6.1 On-Premises
10.6.2 Cloud
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 Digital Banking Platforms Market Size Forecast by Applications
10.10.1 Online Banking
10.10.2 Mobile 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 Digital Banking Platforms Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Banking Platforms 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 Digital Banking Platforms Market Size Forecast by Type
11.6.1 On-Premises
11.6.2 Cloud
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 Digital Banking Platforms Market Size Forecast by Applications
11.10.1 Online Banking
11.10.2 Mobile 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 Digital Banking Platforms Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Banking Platforms 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 Digital Banking Platforms Market Size Forecast by Type
12.6.1 On-Premises
12.6.2 Cloud
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 Digital Banking Platforms Market Size Forecast by Applications
12.10.1 Online Banking
12.10.2 Mobile 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) Digital Banking Platforms Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Banking Platforms 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) Digital Banking Platforms Market Size Forecast by Type
13.6.1 On-Premises
13.6.2 Cloud
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) Digital Banking Platforms Market Size Forecast by Applications
13.10.1 Online Banking
13.10.2 Mobile 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 Digital Banking Platforms Market: Competitive Dashboard
14.2 Global Digital Banking Platforms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Backbase
14.3.2 EdgeVerve Systems
14.3.3 Temenos
14.3.4 Finastra
14.3.5 TCS
14.3.6 Appway
14.3.7 NETinfo
14.3.8 Worldline
14.3.9 SAP
14.3.10 BNY Mellon
14.3.11 Oracle
14.3.12 Sopra
14.3.13 CREALOGIX
14.3.14 Fiserv
14.3.15 Intellect Design Arena
