Digital Banking Platforms Market: A Booming Industry Expected to Reach USD 131.65 Billion By 2032 With 19.9% CAGR

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The digital banking platforms market size is projected to be valued at USD 25.73 billion in 2023 and is expected to rise to USD 131.65 billion by 2032. The sales of digital banking platforms are expected to register a CAGR of 19.9% during the forecast period. Various factors propelling the demand for digital banking platforms include:

● The market for digital banking platforms is anticipated to continue expanding due to consumers' growing need for easy, accessible, and secure financial services via mobile devices.
● Because digital banking platforms have fewer operational costs, it is easier for them to provide their consumers with competitive rates and prices.
● Governments and regulatory agencies encourage the expansion of digital banking platforms because it increases access to banking services and financial inclusion.

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/digital-banking-platforms-market/request-for-sample

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐢𝐧 𝐁𝐚𝐧𝐤𝐢𝐧𝐠?

An omnichannel or multichannel personal banking service provider is a digital banking platform. An advanced digital banking platform interfaces with hundreds of banking endpoints from various technology providers, including bill pay and core banking software suppliers. Many institutions also use this platform to eliminate human error and complete difficult jobs faster and more efficiently. Numerous financial institutions and banks are also developing intelligent banking platforms to lower expenses and enhance account security.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬

The competitive environment in the digital banking platforms market is fragmented due to the presence of numerous regional and international market participants. Here is a list of the major participants in the market:

• Alkami
• Apiture
• Appway
• Backbase
• BNY Mellon
• CR2
• EdgeVerve
• ebankIT
• Finastra
• Fiserv
• Intellect Design Arena
• Mambu
• MuleSoft
• nCino
• NCR
• NETinfo
• Oracle
• SAP
• Sopra Banking Software
• TCS
• Technisys
• Temenos
• TPS
• Velmie and Worldline.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2276/2

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

• Retail Banking: Digital platforms facilitate everyday banking activities for individual customers, including managing accounts, making transfers, and applying for credit.

• Corporate Banking: They offer tailored solutions for businesses, including cash management, trade financing, and treasury operations, all accessible via digital channels.

• Wealth Management: Integration of robo-advisors and personalized investment solutions into digital banking platforms to cater to wealth management clients.

• Customer Relationship Management: Advanced analytics and machine learning on digital platforms help in understanding customer behaviors, improving service, and cross-selling products.

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The report covers the major regions of Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. According to the research, Asia Pacific will have a stronger growth rate in the upcoming years. Numerous fintech companies based in the Asia Pacific region offer cutting-edge digital banking systems and upend established banking paradigms.

Also, because of the region's high rate of technological adoption, strong customer demand for digital banking services, and significant bank investments in digital banking infrastructure, North America is anticipated to have the highest revenue share in the market.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/digital-banking-platforms-market

𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐡𝐚𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐭𝐡𝐞 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐜𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭, 𝐝𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐭𝐲𝐩𝐞, 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐭𝐲𝐩𝐞, 𝐚𝐧𝐝 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐨𝐝𝐞:

Digital Banking Platforms, Component Outlook (Revenue - USD Billion, 2019 - 2032)
• Platforms
• Services

Digital Banking Platforms, Deployment Type Outlook (Revenue - USD Billion, 2019 - 2032)
• On-Premises
• Cloud

Digital Banking Platforms, Banking Type Outlook (Revenue - USD Billion, 2019 - 2032)
• Retail Banking
• Corporate Banking
• Investment Banking

Digital Banking Platforms, Banking Mode Outlook (Revenue - USD Billion, 2019 - 2032)
• Online Banking
• Mobile Banking

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

U.S. AI Training Dataset Market: https://www.polarismarketresearch.com/industry-analysis/us-ai-training-dataset-market

Alternative Data Market: https://www.polarismarketresearch.com/industry-analysis/alternative-data-market

U.S. Sports Betting Market: https://www.polarismarketresearch.com/industry-analysis/us-sports-betting-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.