Digital Banking Platforms(DBP) Market: Cumulative demand for online banking and mobile banking from consumers and businesses.

PRESS RELEASE
Published March 16, 2023

According to the report, the global Digital Banking Platforms(DBP) market is expected to grow from USD 8.5  Billion in 2022, which is expected to reach USD 15.5 Billion by 2033, growing at a CAGR of 11.5% from 2023 to 2033. The digital banking platforms market is driven by the increasing adoption of digital channels by consumers for banking and financial transactions, as well as the need for banks to improve customer experience and stay competitive in the market. The market is highly competitive, with several established players such as Fiserv, FIS, Temenos, and Infosys, as well as a growing number of smaller players.The market is segmented into different types of digital banking platforms, including retail banking, corporate banking, and investment banking. Retail banking is the largest segment of the market, driven by the increasing use of mobile banking and digital payments by consumers.

 

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Key Highlights:

  • The global Digital Banking Platforms(DBP) Market size was valued at USD 5 billion in 2022 growing at a CAGR of 11.5% from 2023 to 2033.
  • North America dominated the market in 2022
  • Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

 

Evolve Business Intelligence has published a new market research report on Global Digital Banking Platforms(DBP) Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

 

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

 

In terms of COVID 19 impact, the Digital Banking Platforms(DBP) market report also includes the following data points:

  • COVID19 Impact on Digital Banking Platforms(DBP) market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in Digital Banking Platforms(DBP) market

 

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Key Players

Some of the major Digital Banking Platforms(DBP) players holding high market share include EdgeVerve Systems, Temenos, Finastra, TCS, Appway. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.

 

The key players profiled in the report are:

  • Backbase
  • EdgeVerve Systems
  • Temenos
  • Finastra
  • TCS
  • Appway
  • NETinfo
  • Worldline
  • SAP
  • BNY Mellon
  • Oracle
  • Sopra
  • CREALOGIX
  • Fiserv
  • Intellect Design Arena

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of Digital Banking Platforms(DBP) Market:

  • On-premises
  • Cloud

Market Segment By Application with focus on market share, consumption trend, and growth rate of Digital Banking Platforms(DBP) Market:

  • Retail Banking
  • Corporate Banking

 

Market Segment By Vehicle Type with a focus on market share, consumption trend, and growth

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Global Digital Banking Platforms(DBP) Geographic Coverage:

  • North America
    • US
    • Canada
    • Mexico

 

  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Benelux
    • Rest of Europe

 

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific

 

  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA

 

  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

 

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

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