Press release
How Corona Virus Pandemic Uplift the Digital Banking Platform Market 2020: Growth Drivers, Challenges, Opportunities and Business Growth Strategies by Industry Giants upto 2027 | Appway, COR Financial Solution, Edgeverve, FIS Global, Fiserv, nCino, Oracle
Digital Banking Platforms Market 2020-2027
The main purpose of digital banking platform is to ensure continuous end to end processing of banking operations that are initiated by the client, ensuring maximum utility, in terms of availability, use, and cost.
Digital Banking Platforms: Market Research by Revenue Size
According to a recent report published by Allied Market Research, titled, “Digital Banking Platform Market by Component, Deployment Model, Type and Banking Mode: Opportunity Analysis and Industry Forecast, 2020–2027,” the global digital banking platform market size was valued at $3.95 billion in 2019 and is projected to reach $10.87 billion by 2027, growing at a CAGR of 13.6% from 2020 to 2027.
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Digital Banking Platform Market Dynamics:
Growth of digital lending platform market can be attributed to continuous rise in the digital lending landscape among both developed and developing economies.
Furthermore, surge in number of internet users and growths in shift from traditional banking to online banking are the major factors driving the growth of the digital banking platform market.
In addition, increase in adoption of cloud-based platform to obtain higher scalability fuels the growth of the market.
Furthermore, growth in usage of machine learning and artificial intelligence in digital banking platform and increase in innovative banking services and rise in corporate investors is expected to provide lucrative opportunity for the market.
However, security and compliance issues in digital lending platform hampers the growth of the digital banking platform market.
Digital Banking Platforms Market: COMPANY PROFILES
The key players profiled in the digital banking platform market analysis are Appway, COR Financial Solution Ltd., Edgeverve, FIS Global, Fiserv, Inc, nCino, Oracle Corporation, SAP SE, Temenos, and Vsoft Corporation.
These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
1. Company overview
2. Key Executives
3. Company snapshot
4. Operating business segments
5. Product portfolio
6. Business performance
7. Key strategic moves and developments
COVID-19 Pandemic disrupted the entire world and affected many industries. Get detailed COVID-19 impact analysis on the Digital Banking Platform Market at https://www.alliedmarketresearch.com/request-for-customization/5539?reqfor=covid
COVID-19 impact analysis on digital banking platform market
Though COVID-19 crisis continues to disrupt many industries, it has opened opportunities for high adoption of digital transformation approaches among which digital banking platform services have gained high importance and adoption. When state and country-wide lockdowns initiated at the beginning of 2020, both employee and customer engagement & experience became major factors to drive the global digital banking platform market. Furthermore, various key players of the market are introducing new digital banking strategies to enhance the customer experience and to improve their market share in the pandemic situation.
The Report Cover COVID-19 Impact Analysis which includes...
1. Impact on digital banking platform market size
2. Chane in end user trends, budgets, and preferences
3. Regulatory framework solving market challenges faced by digital banking provider vendors
4. Economic impact on digital banking platform providers
5. Strategies to tackle negative impact in the industry
6. Opportunity window
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Segmentwise Market Research of Digital Banking Platforms Industry...
By mode, the global digital banking platform market led by the online banking segment in 2019 and is projected to maintain its dominance during the forecast period. The online banking requires high level of process automation, web-based services, and Application Programming Interfaces (APIs), and facilitates real-time integration with a bank’s multiple host systems which boost the growth of the digital banking platform market.
However, the mobile banking segment is expected to grow at the highest rate during the forecast period, owing to rising mobile user and surge in penetration of internet across the globe.
Regional Analysis:
Region wise, the digital banking platform market was dominated by North America in 2019 and is expected to retain its position during the forecast period. The major factor that drives the growth of the market in this region includes early adoption of advanced technology among the end user and surge in adoption of digital banking platform among the end users.
However, Asia-Pacific is also expected to witness significant growth rate during the forecast period, owing to the rising adoption of online and mobile banking among the emerging countries of Asia-Pacific such as China, India and Singapore.
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DIGITAL BANKING PLATFORM MARKET, BY COMPONENT
Overview
A. Solutions
1. Key market trends, growth factors, and opportunities
2. Market size and forecast, by region
3. Market analysis, by country
B. Services
1. Key market trends, growth factors, and opportunities
2. Market size and forecast, by region
3. Market analysis, by country
DIGITAL BANKING PLATFORM MARKET, BY DEPLOYMENT MODEL
Overview
On-premise and Cloud
1. Key market trends, growth factors, and opportunities
2. Market size and forecast, by region
3. Market analysis, by country
GLOBAL DIGITAL BANKING PLATFORM MARKET, BY REGION: North America, Europe, Asia-Pacific, and LAMEA
1. Key market trends, growth factors and opportunities
2. Market size and forecast, by component
3. Market size and forecast, by deployment model
4. Market size and forecast, by type
5. Market size and forecast, by mode
6. Market analysis by Country
Key Market Segments
By Component
Solution
Service
By Deployment Model
On-Premise
Cloud
By Type
Retail Banking
Corporate Banking
By Banking Mode
Online Banking
Mobile Banking
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Appway
COR Financial Solution Ltd
Edgeverve
FIS Global
Fiserv, Inc
nCino
Oracle Corporation
SAP SE
Temenos
Vsoft Corporation
Browse Report Summary at https://www.alliedmarketresearch.com/digital-banking-platforms-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Digital Banking Market Size:
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