Digital Banking Platforms Market will touch US$ 6.7 Billion in 2025 | Global Key Player’s (Backbase, Temenos, Finastra, TCS, Appway, NETinfo)

Businessindustryreports have new report on “Global Digital Banking Platforms Market 2019-2025”. The report provides the newest industry data and industry future trends. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Global Digital Banking Platforms Market is valued at USD 2.9 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2018-2025. Global digital banking platforms market to reach USD 6.7 billion by 2025. 

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Rising adoption of smartphones and tablets and increasing adoption of cloud-based platforms for higher scalability is promoting the growth of the market. Growing smartphones ownership across the globe is also driving the market growth. For instance, according to pew research center report in 2018, around 63% of total individuals in United States owns a smartphone and tablets. Moreover 69% of total individuals of Australia owns a tablets and smartphone. Thus, rising smartphone and tablets ownership is expected to fuel the market growth.

The report on global Digital Banking Platforms market includes Banking Type, Banking Mode and Deployment Type segments. Banking Type segment is further divided into Retail Banking and Corporate Banking, Banking Mode includes Online Banking and Online Banking and Deployment Type is further classified into On-Premises and Cloud. Retail banking segment is expected to be the largest contributor to the digital banking platforms market during the forecast period owing to the need to meet retail customers’ elevated expectations of personalization and align these expectations in line with the growing multiplication of channels.

According to region, the APAC region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased adoption of digital technologies, especially in emerging economies, such as Singapore, Australia, India, China, and Japan. This has made APAC a lucrative market in the IT industry. Strong banking capabilities, including digital offerings, strong financial positions, and digital structures are expected to drive the growth of the digital banking platforms market in the APAC region. Companies in APAC would benefit from the flexible economic conditions, industrialization, globalization-motivated policies of the government, and the expanding digitalization in the region.

Key Players:

1 Backbase 

2 EdgeVerve Systems 

3 Temenos 

4 Finastra 

5 TCS 

6 Appway 

7 NETinfo and more...............

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Segments and sub-segments by: 

Regions:

1 North America Country (United States, Canada)

2 Latin America (Brazil, Mexico)

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Type:

1 Retail Banking

2 Corporate Banking

Key questions answered in the report include:

1 What are the key factors driving the digital banking platforms market?

2 What are the key market trends impacting the growth of the global digital banking platforms market?

3 What are the challenges to digital banking platforms market growth?

4 Who are the key vendors in the global digital banking platforms market?

5 What are the market opportunities and threats faced by the vendors in the global digital banking platforms market?

6 What are the key outcomes of the five forces analysis of the global digital banking platforms market?

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Table of Content:

1 Global DIGITAL BANKING PLATFORMS Market Definition and Scope 

2 Research Methodology

3 Executive Summary 

4 Global digital banking platforms Market Dynamics

5 Global digital banking platforms Market, By Type

6 Global digital banking platforms Market, By Insulation Material

7 Global digital banking platforms Market, By Component

8 Global digital banking platforms Market, By End-Use

9 Global digital banking platforms Market, by Regional Analysis

10 Competitive Intelligence

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