Press release
Digital Banking Market 2019 Analysis May Set New Growth Story, Forecast to 2025
The digital banking market is expected to exhibit a considerable growth rate during the forecast period. The major factors boosting the market growth include increasing digitalization across several countries and increasing demand for mobile and internet banking. Rising internet penetration is primarily encouraging the banks to adopt an advanced digitalization platform to attract customers towards their banks. The total number of smartphone users in Western Europe was estimated to be 240 million in 2016, up from 218 million in 2015 and the number is further estimated to reach 288 million by 2020. Around 501 million internet users were active in the European Union in 2017. As per Asia-Pacific Economic Co-Operation (APEC), there was 55.8% internet penetration in China which equals 772 million internet users in 2018.(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/digital-banking-market
There were 209 million Internet users in rural areas (27.0% of total Internet users) in China in 2018. This growing internet penetration is supporting the adoption of retail banking services. In this context, Alibaba and Tencent are leading the country's mobile payment sector and have connected to other parts of the supply chain of financial services. In 2016, the cost of Chinese consumer-related mobile payments by individuals amounted to $790 billion, according to the International Monetary Fund (IMF). Additionally, rising venture capital funding in China for key digitalization technologies, such as artificial intelligence and virtual reality is further anticipated to offer significant opportunities for the advent of advanced technologies that can support to increase reliability and safety in banking transaction. This, in turn, will drive the growth of the digital banking market.
A Full Report of Global IoT Sensors Market is Available at: https://www.omrglobal.com/industry-reports/digital-banking-market
The government initiatives to increase digitalization are further fueling the growth of the digital banking industry. Rising government initiatives for digitalization and rising demand for rural banking services in the region. For instance, as per a report by Google and Boston Consulting Group (BCG), the Indian digital payments industry is estimated to touch $500 billion by 2020, contributing 15% to the country’s GDP. The growth of the Indian digital payment industry is led by digital/mobile wallets. Moreover, the Indian government has taken initiatives such as the launch of new payment systems, including UPI, Aadhar linked electronic payments and improvement of the digital infrastructure in the banking sector. This, in turn, will likely drive the growth of the digital banking market.
Recent Activity
• In April 2019, Standard Bank Group and Microsoft entered into a strategic partnership that will enable to transform of the bank’s internal corporate functions and technology estate enabling the largest bank in Africa to leverage its digital transformation journey and significantly improve its employee experience.
Global Digital Banking Market Segmentation
By Type
• Corporate Banking
• Investment Banking
• Retail banking
By Solution
• Processing Services
• Payment
• Customer and Channel Management
• Risk Management
Global Digital Banking Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle-East Africa
Company Profiles
• ACI Worldwide, Inc.,
• Appway AG
• Atos SE
• Backbase BV
• Broadridge Financial Solutions, Inc.
• Capital Banking Solutions
• Computer Services, Inc.
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/digital-banking-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Banking Market 2019 Analysis May Set New Growth Story, Forecast to 2025 here
News-ID: 2354859 • Views: …
More Releases from Orion Market Reports
Module Power Supply Market to see Huge Growth by 2031
The Module Power Supply Market is experiencing substantial growth, fueled by increasing demand for efficient, compact, and reliable power solutions across a wide range of industries. These power supplies, which convert electrical power to a suitable form for specific applications, are essential in sectors like telecommunications, automotive, medical devices, and consumer electronics. With technological advancements and rising energy efficiency needs, the market is expected to continue expanding, driven by innovations…
Plasma Spray Guns Market to see Rapid Growth by 2031
The Plasma Spray Guns Market is witnessing significant growth, driven by the rising demand for surface coating and thermal spray applications across industries such as aerospace, automotive, manufacturing, and electronics. Plasma spray guns are widely used for depositing coatings on substrates to enhance their properties, including wear resistance, corrosion resistance, and thermal protection. As industries continue to focus on improving product performance and durability, the plasma spray gun market is…
Plasma Surface Treatment Machine Market Will Generate Record Revenue by 2031
The Plasma Surface Treatment Machine Market is witnessing significant growth as industries increasingly adopt plasma surface treatment technology for enhancing the properties of materials. Plasma surface treatment machines are used to modify the surface characteristics of materials like metals, plastics, and ceramics, offering improvements in adhesion, corrosion resistance, and wear resistance. As the demand for advanced surface treatments rises across automotive, electronics, packaging, and manufacturing sectors, the market for plasma…
Plasma Torch Market Value Projected to Expand by 2031
The Plasma Torch Market is experiencing rapid growth, driven by the increasing demand for high-precision cutting and welding technologies in industries such as manufacturing, automotive, aerospace, and construction. Plasma torches are essential tools in thermal cutting applications, offering fast and accurate cuts on various materials, including metals, plastics, and composites. With advancements in plasma cutting technology and the growing need for energy-efficient solutions, the market for plasma torches continues to…
More Releases for Bank
Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective…
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf.
This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank of …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other…
