Digital Banking Market by Banking Type (Retail Banking, Corporate Banking, and Investment Banking) and Solution Type (Payments, Processing Services, Customer and Channel Management, Risk Management, and Others) - Global Opportunity Analysis and Industry F

This detailed market study covers Digital Banking market growth potentials which can assist the stake holders to understand key trends and prospects in Digital Banking market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global Digital Banking market.

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The digital banking market growth is driven by the rapid adoption of online & mobile banking platforms. As the internet penetration & smartphone adoption across the world is increasing, banking institutes are shifting toward digital channels to deliver their services. These institutes are collaborating with fintech companies to develop more customer-centric products and provide a better customer experience. Moreover, the incorporation of advanced technologies, such as blockchain and artificial intelligence, will foster the adoption of digital banking services. Banking institutions are leveraging on AI to collect, report, and analyze large chunks of data for extracting meaningful insights about customers to meet their requirements.


Banks are embracing technology to reduce operating costs are stay competitive in the market. It prevents banks from investing in expensive legacy hardware & software to keep these systems up to date. It helps banks to retain their customers by offering an improved customer experience and personalized services at lower costs. It also provides banks with a 360° view of their customers.


The increasing threat of cyber-attacks is hindering the adoption of digital banking. Fending off cyber-attacks is one of the major challenges faced by the banks across the globe, considering the sensitive nature of the customer information that they possess. As the cybercriminals are launching more sophisticated and frequent attacks, the number of major data breaches are set to increase over the period.

The market is highly fragmented with the presence of many large and small market players. The key players in the market " Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP " have been profiled in the study to provide a competitive view about the market. Their strategies to consolidate their shares or positions, and their insight into brand positioning strategies for key traction players are studied here. The analysis in the report looks at the investment patterns of leading players more closely.

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The market has been studied for North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Digital Banking market is expected to grow with a rapid pace in the Asia Pacific region due to its emerging economies like China, India, Japan being the major contributors in the region.

The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region.

Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for Digital Banking market. Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the Digital Banking market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

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Market Segmentation:

Market by Type
o PC
o Mobile

Market by Application
o Retail Digital Banking
o SME Digital Banking
o Corporate Digital Banking

Reasons to Buy This Report:
o Market size estimation of the global Digital Banking market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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