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What’s driving the digital banking market research? | By key players Backbase, BNY Mellon, Appway Crealogix, EdgeVerve Systems, ebanklT ETRONIKA

06-20-2019 01:30 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

What’s driving the digital banking market research? | By key

The corporate sector in Digital Banking Market is projected to grow exponentially from 2018 to 2024. The increasing competition among Fintech players is the primary factor driving the adoption of digital banking in the corporate banking sector. Moreover, the integration of advanced analytics technologies such as Big Data to manage the assets, will reduce the risks and extract consumer insights, encouraging the adoption of digital solutions.
Retail banking holds over 75% share in the digital banking market. The market is driven by the rising adoption of the internet and smartphones across the countries. As the adoption of the internet services and smartphones is increasing, and the information is easily available to customers, the buying of consumers is increasing. This is forcing banking institutes to provide a better customer experience and reach customers on their choice of the channel. Moreover, the increasing adoption of mobile and electronic payment solutions and the attractive offers and incentives offered by the payment solution providers are also the major forces accelerating the adoption of digital banking.

Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/2651

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Appway
• Backbase
• BNY Mellon
• CREALOGIX
• ebanklT
• ETRONIKA
• Fidor Solutions
• Finastra
• Fiserv
• Halcom D.D.
• ieDigital
• Intellect Design Arena
• Kony
• NETinfo
• NF Innova
• Oracle
• SAB
• SAP SE
• Sopra
• TCS
• Technisys
• Temenos
• Worldline

The increasing adoption of mobile & online banking platforms is also propelling the Digital Banking Market growth. As the adoption of smartphone and internet services across the countries is increasing, consumers prefer mobile applications and websites to access their banking accounts. Furthermore, the integration of the advanced technologies, such as AI and blockchain, into the banking is also fostering market growth.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2651

Transactional services account for more than 90% share in the digital banking market. The market growth is credited to the growing adoption of electronic & mobile payment solutions. As the younger population across the countries is increasing, the demand for faster, convenient, and safer payment solutions is also rising. This is encouraging banking institutes to develop their own mobile & online platforms and provide services on the digital channel to gain customer loyalty and reduce the churn rate.

Asia Pacific is dominating the digital banking market with over 60% stake in 2017. The growing penetration of internet services and the adoption of smartphones are supporting market growth. Moreover, the digitalization initiatives launched by the government of emerging economies including India and China will also foster the demand for digital banking.

Digital Banking Market is anticipated to surpass USD 9 trillion mark by 2024 due to the rising investments in the Fintech market. Fintech has emerged as the most disruptive technology and venture capitalists and angel investors are investing billions to take advantage of the lucrative market. The banking institutes are also collaborating and investing in Fintech companies to develop their own digital solutions for customers to meet the consumer requirements.

Browse Full Report: https://www.gminsights.com/industry-analysis/digital-banking-market

The key vendors operating in the digital banking market are Backbase, BNY Mellon, Appway Crealogix, EdgeVerve Systems, ebanklT ETRONIKA, Finastra, Fiserv, Fidor, IE Digital, Halcom Intellect Design Arena, NETinfo, NF Innova, Kony, SAB, SAP, Oracle, Sopra, TCS, Technisys, Tagit, Worldline, and Temenos.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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