Digital Banking Platform Market Projected to reach US$ 2340.3 Mn by the year 2027 | CREALOGIX Holding AG, EdgeVerve Systems, Fiserv, Oracle Corporation

Europe digital banking platform market in is expected to grow from US$ 935.7 Mn in 2018 to US$ 2340.3 Mn by the year 2027. This represents a CAGR of 11.0% from the year 2018 to 2027.

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The major manufacturers covered in this report: Appway AG, CREALOGIX Holding AG, EdgeVerve Systems Limited, Fiserv, Inc., Oracle Corporation, SAP SE, Sopra Steria, Tata Consultancy Services, Limited (TCS), Temenos Headquarters SA, Worldline

In the current scenario, consumer devices are being widely used by consumers for availing various digital services. Consumer devices such as smartphones, tablets, PCs, etc. have become an integral part of today's consumers' lives. The preference of customers while availing banking services is changing fast towards mobile and online banking. A significant number of users are now accessing their bank accounts either by mobile apps or mobile browsers. Therefore, banks need to make sure that they adapt to the changing banking channels to cater, cross-sell, and up-sell to mobile consumers. Digital banking platforms allow the bank to transition into the digital ecosystem through easily deployable and customized solutions.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Information Security Training market.

Interactive mobile banking apps and websites result in enhanced customer experience and in turn increase customer loyalty. The increasing demand for smartphones will drive the number of digital banking customers in the near future, which in turn boost the growth of the digital banking platform market.

The evolving architectures and advanced features of today's cloud platforms are boosting the adoption of cloud-based solutions in each and every industry verticals, including banking and financial sector. Presently, cloud-based digital banking platform solutions are being adopted by various banks due to low initial investments and fast updates offered by these solutions; and this trend in digital banking platform market is anticipated to grow during the forecast period of 2019 to 2027. With investment in cloud-based digital banking platform solutions, banks are anticipated to reduce their operational costs, enhance customer experience, thus increasing productivity and revenues. The complexity and high investment of on-premise solutions is another reason that is boosting the demand for cloud-based digital banking platforms. Not every mid-size or even the large banks find it feasible to invest in in-house digital banking platforms due to the involvement of huge infrastructure and maintenance costs associated with these systems. Each bank requires a customized digital banking solution based on their specific requirements and using cloud-based solutions for these specific needs is considered as the best business model for most banks worldwide. The increased digitization across the BFSI sector is expected to create lucrative business opportunities in the digital banking platform market.
The Europe digital banking platform market is fragmented with the presence of several companies, and the competitive dynamics in the market is expected to change during the upcoming years. Digital banking platform market is a highly competitive market with the presence of some major global market players as well as tire two companies. The presence of a large number of players in the digital banking platform market creates challenges for companies operating in the market to gain a significant share of the digital banking platform market. Also, various companies operating in the digital banking platform market are focusing on attracting more customers by offering cutting edge solutions.

Scope of the report:

This research evaluates micro-markets and takes a closer look at the different growth trends, future prospects and regulations that will regulate the industry in the coming years. Researchers have also included a few top performers in the sector to calculate their industry shares and core competencies. The research explains technological developments in the sector along with upcoming areas of the industry that might potentially attract massive investments.

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Most important Type of Information Security Training covered in this report are:
o Corporate Banking
o Retail Banking

Most important Deployment of Information Security Training covered in this report are:
o Cloud
o On-Premise

Key points from Table of Content:
1.Introduction

2. Key Takeaways

3. Research Methodology

4. Europe Digital Banking Platform- Market Landscape

5. Europe Digital Banking Platform Market - Key Industry Dynamics

6. Europe Digital Banking Platform Market-Analysis

7. Europe Digital Banking Platforms Market - By Deployment

8. Europe Digital Banking Platforms Market - By Type

9. Europe Digital Banking Platform Market- Country Analysis

10. Industry Landscape

11. Company Profiles

12. Appendix

Scope of the study:
o The report conducts a detailed analysis of the evolving market dynamics
o It gives a holistic view of various drivers and restraints operating in the market
o The forecast spans 10 years and predicts the prospective progress of the sector
o It categorizes the prominent product segments and their future growth scenario
o The market insights derived after a thorough investigation of the industrial segments and subsegments enable readers make informed decisions.

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