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Digital Banking Platforms Market Demand and Emerging Trends 2027 - Appway, CREALOGIX, EdgeVerve, Fiserv, Oracle, SAP SE, Sopra Steria Group SA, TCS, The Bank of New York Mellon, Worldline

07-26-2019 07:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Digital Banking Platforms Market Demand and Emerging Trends

The Industry Report “Digital Banking Platforms Market” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the Digital Banking Platforms market.

Digital banking platform is an omnichannel or multichannel solution implemented by banks to digitalize banking services. Digital banking is a broader term than online baking as it includes digitalization of all banking services, which were initially available only at bank branches. These activities include loan management, applying for financial products, money deposits, withdrawals, or payments, and account services, among others. Implementation of digital banking platforms helps banks to efficiently perform tasks with reduced human errors, thus, improving the quality of services offered.

The growing adoption of smartphones, laptops, and desktops, coupled with increasing internet penetration is resulting in the growth of digital banking platforms market. With the availability of enhanced internet access, users' can easily perform banking activities through these devices. Further, increasing awareness among people regarding online banking and adoption of digital platforms by banks to offer better customer experience are other key factors propelling the digital banking platforms market growth. Also, several governments of developing nations are taking initiatives to create awareness regarding digital payments, thereby, bolstering the growth of the digital banking payments market.

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The reports cover key developments in the Digital Banking Platforms market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Digital Banking Platforms market are anticipated to lucrative growth opportunities in the future with the rising demand for Digital Banking Platforms market in the global market.

Key Players Influencing the Market

• Appway AG
• CREALOGIX
• EdgeVerve Systems Limited
• Fiserv, Inc.
• Oracle Corporation
• SAP SE
• Sopra Steria Group SA
• TCS Limited
• The Bank of New York Mellon
• Worldline

The "Global Digital Banking Platforms Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Digital Banking Platforms market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Digital Banking Platforms market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Digital Banking Platforms market players and offers key trends and opportunities in the market.

The global digital banking platforms market is segmented on the basis of mode and deployment. Based on the mode, the market is bifurcated into corporate banking and personal banking. The deployment segment of digital banking platforms market is classified into cloud and on-premise.

Besides this, the report analyzes factors affecting Digital Banking Platforms market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Digital Banking Platforms Market report.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Digital Banking Platforms market based on the type and application. It also provides market size and forecast till 2027 for overall Digital Banking Platforms market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Digital Banking Platforms Market.
• Key market trends cracking up the growth of the Digital Banking Platforms Market.
• Challenges to market growth.
• Key vendors of Digital Banking Platforms Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Digital Banking Platforms Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

Contact Us:

533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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