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Digital Banking Platform Market 2023 - By Size, Industry Analysis, Segmentation And Outlook 2032
Digital Banking Platform Market
The Business Research Company's Digital Banking Platform Global Market Report 2023 identifies shift in trend from traditional banking to online banking as the major driver for the Digital Banking Platform market's growth in the forecast period. Online banking refers to an electronic payment system that enables customers to conduct a range of financial transactions through a website or payment app. Online banking helps improve services and increase profits, causing financial institutions to shift their focus to digital banking, resulting in the growth of the digital banking platform market.
The global digital banking platform market size will grow from $6.09 billion in 2022 to $6.9 billion in 2023, at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the digital banking platform is expected to grow to $11.34 billion in 2027 at a CAGR of 13.2%.
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Major competitors in the Digital Banking Platform market are ppway AG, Crealogix Holding AG, EdgeVerve Systems Limited, Fiserv Inc., Oracle Corporation, SAP SE.
A key trend in the Digital Banking Platform market includes technological advancements. Major companies operating in the digital banking platform market are developing new technologies to reduce operating costs and enable faster and safer transactions. For instance, in June 2020, Fiserv, a US-based payment and financial services technology provider, unveiled Virtual Banking Assistant 2020, an interactive tool that uses AI-based natural language processing to assist banks and credit unions in managing virtual customer transactions more efficiently. With Fiserv's Virtual Banking Assistant, which incorporates Clinc's conversational AI technology, banks and credit unions can have more fruitful and effective online conversations with their customers as a complement to in-person interactions and as an essential part of a comprehensive customer experience.
Read More On The Global Digital Banking Platform Market Report Here:
https://www.thebusinessresearchcompany.com/report/digital-banking-platform-global-market-report
The Digital Banking Platform market is segmented -
• By Type: Corporate Banking, Retail Banking
• By Component: Platforms, Services
• By Banking Mode: Online Banking, Mobile Banking
• By Deployment: Cloud, On-Premise
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Digital Banking Platform market.
The Business Research Company's "Global Digital Banking Platform Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Digital Banking Platform Market Include:
1. Executive Summary
2. Digital Banking Platform Market Characteristics
3. Digital Banking Platform Market Trends And Strategies
4. Digital Banking Platform Market - Macro Economic Scenario
5. Digital Banking Platform Market Size And Growth
……………………………………..
26. Africa Digital Banking Platform Market
27. Digital Banking Platform Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Banking Platform Market
29. Digital Banking Platform Market Future Outlook and Potential Analysis
30. Appendix
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Digital Banking Market Size:
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