Digital Banking Market Size, Current Insights and Development Trends 2023-2031

PRESS RELEASE
Published April 23, 2023

This Market Research Report offers a comprehensive analysis of the key players, challenges, and opportunities in the market. It focuses on the latest innovative technologies and strategic initiatives that can drive revenue growth and maximize customer engagement.

Market Overview:
Digital banking is a move to online banking, where banking services are provided over the Internet.Over the years, the market for digital channel platforms has evolved from online and mobile specific banking solutions to digital banking platforms that are not related to channels.Advanced and mature digital banking platforms are highly flexible and can integrate many different banking services through a good interactive user interface (UI) or customer experience.This factor is the main reason why global companies have such a strong pull on digital banking.In addition, Banks are now under enormous pressure to improve operational efficiency and reduce bank costs while providing advanced next-generation digital banking services.Digital banking platform vendors are now developing smart and smart banking platforms to meet the needs of Banks and customers.This includes the need for channel integration support and dynamic customer experience to make core banking easier to implement, as well as the devices customers want to use or are interested in and affordable.The digital banking industry is relatively fragmented, with many small and new companies.Large global companies are mainly located in the us and Europe.American and European companies have a long history and an unshakable position in this field.The main markets for digital banking are in developed countries.North America has the largest market for digital banking platforms in terms of revenue generation.The regional market was driven by the early adoption of digital technology in banking.The asia-pacific market is expected to grow at a good pace during the forecast period.Strong growth in IT infrastructure and significant investment in digital banking by public and private companies are expected to support growth in the regional market.North America had a 37 percent market share in 2018, followed by Europe with 38 percent.The asia-pacific consumer market is growing even faster, however, with a market share of only 20 percent in 2018.In the rest of Asia Pacific, the Australian market is developing relatively well.In 2018, pc-based digital banking accounted for about 67% of the market share, and most of the products of the market belong to pc-based digital banking. In 2018, the market share of mobile digital banking was 33%. It is expected that the number of mobile digital banking will increase significantly in the next few years.Small and medium-sized enterprises (smes) are still the main application group in the market, accounting for about 59% of the market share in 2018. The development rate of smes is faster than that of large enterprises. By 2025, the market share of smes will expand to 60%.The development of digital Banks in China is relatively backward compared with that in Europe and the United States. Many large enterprises are still in the financing stage, and the market is expected to develop rapidly in the next few years.Market Analysis and Insights: Global Digital Banking MarketDue to the COVID-19 pandemic, the global Digital Banking market size is estimated to be worth USD 10830 million in 2022 and is forecast to a readjusted size of USD 37090 million by 2029 with a CAGR of 19.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, PC accounting for the Digital Banking global market in 2022, is projected to value USD million by 2029, growing at a revised CAGR from 2023 to 2029. While Individual segment is altered throughout this forecast period.The leading market for digital banking is the United States, with about 50% of the market, followed by Europe, with about 30%.Major enterprises include SAP, Misys, Q2, Kony, Infosys, etc., with the top three accounting for about 45%.The global Digital Banking market is segmented by company, region (country), by Terminal and by Application. Players, stakeholders, and other participants in the global Digital Banking market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Terminal and by Application for the period 2018-2029.Segment by Terminal PC MobileSegment by Application Individual SME Digital Banking Corporate Digital BankingBy Region United States Europe China Japan Southeast Asia India Other RegionsBy Company Urban FT Kony Backbase Technisys Infosys Digiliti Money Innofis Mobilearth D3 Banking Technology Alkami Q2 Misys SAP
This Digital Banking MarketResearch Report offers a thorough examination and insights into the market's size, shares, revenues, various segments, drivers, trends, growth, and development, as well as its limiting factors and local industrial presence. A thorough understanding of the Service and Software sector and its commercial potential is the aim of the market study. The Digital Banking Market Report has 123 pages and has a detailed table of contents, 143 a list of data, tables, and charts, along with an in-depth analysis.

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Competitive Landscape:
Leading Players in the Digital Banking Industry:

  • Urban FT
  • Kony
  • Backbase
  • Technisys
  • Infosys
  • Digiliti Money
  • Innofis
  • Mobilearth
  • D3 Banking Technology
  • Alkami
  • Q2
  • Misys
  • SAP

and More..

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

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Market Segmentation:
Based on Product Type:

  • PC
  • Mobile

Based on Application:

  • Individual
  • SME Digital Banking
  • Corporate Digital Banking

Regional Insights:
The countries section of the research includes selected market variables that drive current and future market developments. Consumption, import/export analysis, material prices, and upstream and downstream value chain analysis are some indicators utilized to estimate each country's market position.

Geographically,

  • North America (US, Canada, Mexico)
  • Europe (UK, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
  • Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LA)
  • Middle East and Africa (Turkey, GCC, Rest of Middle East)

This section of the research provides essential insights into different geographies and, as a result, the major corporations functioning in each region.

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The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Digital Banking market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/23317069

Table of Contents:
With tables and figures to help analyze the global Digital Banking market trends, this study provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

1 Digital Banking Market Overview
1.1 Product Scope
1.2 Segment by Type
1.3 Segment by Application
1.4 Market Estimates and Forecasts (2018-2029)
1.4.1 Global Market Size in Value Growth Rate (2018-2029)
1.4.2 Global Market Size in Volume Growth Rate (2018-2029)
1.4.3 Global Price Trends (2018-2029)

2 Digital Banking Estimates and Forecasts by Region
2.1 Global Market Size by Region: 2018 VS 2022 VS 2029
2.2 Global Retrospective Market Scenario by Region (2018-2023)
2.2.1 Global Sales Market Share by Region (2018-2023)
2.2.2 Global Revenue Market Share by Region (2018-2023)
2.3 Global Market Estimates and Forecasts by Region (2024-2029)
2.3.1 Global Sales Estimates and Forecasts by Region (2024-2029)
2.3.2 Global Revenue Forecast by Region (2024-2029)
2.4 Geographic Market Analysis: Market Facts and Figures
2.4.1 United States Estimates and Projections (2018-2029)
2.4.2 Europe Estimates and Projections (2018-2029)
2.4.3 China Estimates and Projections (2018-2029)
2.4.4 Japan Estimates and Projections (2018-2029)
2.4.5 Southeast Asia Estimates and Projections (2018-2029)
2.4.6 India Estimates and Projections (2018-2029)

3 Global Digital Banking Competition Landscape by Players
3.1 Global Top Players by Sales (2018-2023)
3.2 Global Top Players by Revenue (2018-2023)
3.3 Global Market Share by Company Type (Tier 1, Tier 2 and Tier 3) and (based on the Revenue)
3.4 Global Average Price by Company (2018-2023)
3.5 Manufacturing Sites, Area Served, Product Type
3.6 Mergers and Acquisitions, Expansion Plans

4 Global Digital Banking Market Size by Type
4.1 Global Historic Market Review by Type (2018-2023)
4.2 Global Market Estimates and Forecasts by Type (2024-2029)

5 Global Market Size by Application
5.1 Global Historic Market Review by Application (2018-2023)
5.2 Global Market Estimates and Forecasts by Application (2024-2029)

6 United States Market Facts and Figures
6.1 United States Sales by Company
6.2 United States Sales Breakdown by Type
6.3 United States Sales Breakdown by Application

7 Europe Market Facts and Figures
7.1 Europe Sales by Company
7.2 Europe Sales Breakdown by Type
7.3 Europe Sales Breakdown by Application

8 China Market Facts and Figures
8.1 China Sales by Company
8.2 China Sales Breakdown by Type
8.3 China Sales Breakdown by Application

9 Japan Market Facts and Figures
10 Southeast Asia Market Facts and Figures
11 India Market Facts and Figures

12 Company Profiles and Key Figures in Digital Banking Business

13 Digital Banking Manufacturing Cost Analysis
13.1 Key Raw Materials Analysis
13.1.1 Key Raw Materials
13.1.2 Key Raw Materials Price Trend
13.1.3 Key Suppliers of Raw Materials
13.2 Proportion of Manufacturing Cost Structure
13.3 Manufacturing Process Analysis
13.4 Industrial Chain Analysis

14 Marketing Channel, Distributors and Customers
14.1 Marketing Channel
14.2 Distributors List
14.3 Customers

15 Market Dynamics
15.1 Industry Trends
15.2 Market Drivers
15.3 Market Challenges
15.4 Market Restraints

16 Research Findings and Conclusion

17 Appendix
17.1 Research Methodology
17.1.1 Methodology/Research Approach
17.1.2 Data Source
17.2 Author List
17.3 Disclaimer

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Key Benefits for Stakeholders:

  • The research provides a detailed quantitative analysis of key market segments, historical and current industry trends, market estimations, and market growth for the Digital Banking market.
  • The research report gives the most recent information on market drivers, challenges, and opportunities.
  • The research identifies the leading and fastest-growing regional marketplaces. It also allows stakeholders to identify the important country-level marketplaces within each area.
  • Porter's five forces analysis supports stakeholders in measuring the influence of new entrants, competitive rivalry, supplier power, buyer power, and the possibility of replacement. It enables stakeholders to assess the amount of competition in the Digital Banking business as well as its attractiveness.
  • The competitive landscape helps stakeholders understand their competitive environment and gives insight into the present positions of important companies.

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Drivers, Restrains and Research Methodology:
The research study examines the main factors that support market growth. Different curves for seizing opportunities in developing countries are caused by fundamental impediments to market expansion. The base year's data gathering and analysis were conducted using a significant sample data collecting module. Data mining, data triangulation, market effect analysis, and preliminary validation are the main research methodologies (industry experts). Metrics, top-down analysis, supplier engagement analysis, market timeline analysis, market overview and leadership, company positioning grid, company market share analysis, and supplier positioning grid are also included in the data model. For further information on this report, please Request a Sample Copy of "Global Digital Banking Sales Market Report 2023" Here.

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