The Global Digital Banking Platform market is projected to grow at a significant CAGR during the forecast period. The growing demand among banks to deliver enhanced customer experience, the increasing adoption of cloud-based platforms to obtain higher scalability, the rising adoption of smartphones and tablets as well as the increasing demand for streamlining business processes are some of the significant factors contributing to the growth of the digital banking platforms market.
Important elements of the Digital Banking Platform Market
Based on banking types, the retail banking segment is expected to be the largest contributor to the digital banking platforms market during the forecast period. Based on banking types, the digital banking platforms market is classified into retail banking and corporate banking. Retail banking has emerged as an essential enabler in the market in translating banking models across the globe. Based on banking modes, the mobile banking segment is expected to grow at a higher CAGR during the forecast period. Based on banking modes, the digital banking platforms market is segmented into online banking and mobile banking. Based on deployment types, the on-premises deployment type is expected to contribute a significant share during the forecast period. Geographically, the market is segmented into Asia-Pacific, North America, South America, Middle East & Africa, and Europe. North America is expected to account for the largest market size during the forecast period. Some of the leading players in the market, include Appway, Backbase, CREALOGIX, ebanklT, EdgeVerve, Intellect Design Arena, Finastra, ieDigital, among others.
The objective of the Study of Digital Banking Platform Market
- To analyze and forecast the market size of the Global Digital Banking Platform Market, in terms of Value and Volume.
- To classify and forecast Global Digital Banking Platform Market based on banking type, deployment mode, banking mode, and regional distribution.
- To identify drivers and challenges for Global Digital Banking Platform Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Digital Banking Platform Market.
- To conduct the pricing analysis for Global Digital Banking Platform Market.
- To identify and analyze the profile of leading players involved in the manufacturing of Global Digital Banking Platform.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of the Global Digital Banking Market using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as the company website, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
Key Target Audience for Digital Banking Platform Market
- Digital Banking Platform service providers
- Digital Banking Platform solution providers
- Cloud service providers
- Consultancy firms
- Research organizations
- Regulatory agencies
- System integrators
- Government entities
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|Historical Years||2017 – 2020|
|Forecast Period||2023 – 2027|
|Quantitative Units||Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027|
|Report Coverage||Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends|
|Segments Covered|| Banking Type
|Regional Scope||North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa|
|Country Scope||United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt|
|Key Companies Profiled||Appway, Backbase, CREALOGIX, ebanklT, EdgeVerve, Intellect Design Arena, Finastra, ieDigital.|
|Customization Scope||10% free report customization with purchase. Addition or alteration to country, regional & segment scope.|
|Pricing and Purchase Options||Avail customized purchase options to meet your exact research needs. Explore purchase options|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Report Scope of Digital Banking Platform Market
In this report, Global Digital Banking Platform Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Market, By Banking Type:
- Retail Banking
- Corporate Banking
- Market, By Deployment Mode:
- Market, By Banking Mode:
- Online Banking
- Mobile Banking
- Market, By Region:
- Asia Pacific
- South Korea
- United Kingdom
- North America
- United States
- South America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Asia Pacific