Digital Banking Trends | Market Size, Share, Statistics, Technology Advancements, Future Growth and Developments 2027 | Appway, Backbase, ebanklT, EdgeVerve, Finastra, ieDigital

Digital Banking Market is valued at USD 6542.6 Million in 2018 and expected to reach USD 8726.2 Million by 2025 with CAGR of 4.2% over the forecast period.

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Digital banking is a type of banking done through the digital platform by using advance technology. Digital banking includes the traditional banking activities and paperwork like cheques, pay-in slips, demand drafts, and etc. Digital banking makes the all traditional banking activities available all the time without having personal visit to bank branch.

In digital banking, customer can access the different type of activities like money deposits, withdrawals, and transfers, checking/saving account management, applying for financial products, loan management, bill pay and account services. Due to the 4G, 5G internet availability, digital banking can be done either through a laptop, tablet or your mobile phone. Moreover, digital banking is highly convenient for working class, elderly people, to carry out their bank work from the comfort of their homes and receive alerts for payments which are due through apps and emails and number. The proven efficacy and improving acceptance of this technology are expected to lead the surge in the market demand for it during the forecast period.

Market Analysis of Digital Banking-
Digital Banking Market report is segmented on the basis of type, mode, deployment type and regional & country level. Based on type, market is classified as retail banking and corporate banking. Based on mode, market is classified as online banking and mobile banking. Based on deployment, market is classified as on-premises and cloud.

Key Players -
Digital Banking Market report covers prominent players like Appway, Backbase, CREALOGIX , ebanklT, EdgeVerve, Intellect Design Arena, Finastra, ieDigital, ETRONIKA, Fidor, Fiserv, Halcom, NETinfo, Kony, NF Innova, Oracle, SAB, SAP, Sopra, Tagit, TCS, Technisys, Temenos, BNY Mellon, Worldline and others.

Market Dynamics–
Increasing adoption of smartphones, internet penetration and increasing government initiatives are major factors driving the growth of global digital banking market. For example, in 2018; globally approximately 6.8 billion Peoples are using mobile phones account from which 3.5 billion people are using mobile with bank account. Due to the fast lifestyle, people have no time to traditional banking meant visiting the banks for each and every transaction and keeping track of the account history through all paper statements which is the another factor fostering the market growth. Digital banking have many advantages such as; people can save on the travel time and conveyance money, customer can do the transaction whenever it is convenient and customer can get there account history on their emails and etc.

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Key Benefits for Market Report–
• Global Digital Banking Market report covers in depth historical and forecast analysis.
• Global Digital Banking Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Digital Banking Market report helps to identify opportunities in market place.
• Global Digital Banking Market report covers extensive analysis of emerging trends and competitive landscape.

Market Segmentation:–

By Type:
• Retail Banking
• Corporate Banking

By Modes:
• Online Banking
• Mobile Banking

By Deployment Type:
• On Premises
• Cloud

By Regional & Country Analysis: (North America, U.S., Canada, Europe, U.K., France, Germany, Italy,Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)

Table of Content

1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description

2. Chapter – Global Digital Banking Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Digital Banking Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Digital Banking Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis

3. Chapter - Global Digital Banking Market Overview: Quantitative Analysis

4. Chapter – Global Digital Banking Market Analysis: Segmentation By Type

5. Chapter – Global Digital Banking Market Analysis: Segmentation By Application
Continued………

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