Digital Banking Platform Market: Brief Account

The global digital banking platform market is prognosticated to experience a strong growth during the forecast period, 2018 – 2026, owing to the increasing penetration of the internet. Digital banking platform is multichannel or omnichannel solution of personal banking service. In the past few years banks all across the world has witnessed a significant surge in the number of accounts being opened a year. In order to avoid any other human errors and to complete the task more efficiently without consuming lot of time, most of the banks have adopted digital banking platform. It removes long queues outside the banks. Apart from these, banks are looking for a way to reduce the banking costs without compromising the quality of the service. Numerous vendors in order to cope up with the pace are developing smart and intelligent banking platforms. This is anticipated to help the market grow exponentially.

Digital Banking Platform Market: Drivers and Restraints

One of the major factor pushing the market in the forward direction is the growing demand for the consumer electronics products such as Laptops, Smartphones, and Computers. These devices have helped users to multitask. A user can perform most of the banking activities through these devices, thus endorsing the digital banking platform market. Increasing penetration of internet in most of the places is favoring the growth of the market, as Internet helps a user to connect with its banking platform. In order to provide its clients’ a better experience, all the leadings banks have adopted digital banking platform, thus attracting more users. The digital banking platform market are known to be safe and reliable, this further fuels the demand.  Surge in the level of investments by private and public capital holders behind the research and development activities is anticipated to improve the service, thus proliferating the demand in market. Vendors in the market are extensively building more enhanced mobile friendly banking platforms, custom-built banking services, and enterprise oriented banking platforms.

Digital Banking Platform Market: Regional Outlook

On the basis of geography, the market is divided into Europe, North America, Middle East and Africa, Latin America, and Asia Pacific. Amongst these pack, North America is predicted to hold the leading share in terms of revenue owing to presence of major players and rapid adoption of latest technology in the market. However, on the other hand, Asia Pacific is predicted to exhibit a strong growth owing to booming IT infrastructure and hefty investments from the private and public players in the region.

Digital Banking Platform Market: Companies Mentioned

Some of the major players in the market are CREALOGIX, EdgeVerve, ieDigital, Sopra, SAB, Oracle, SAP, Tagit, AApway, BNY Mellon, Worldline, Halcon, and Fiserv.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Digital Banking Platform Market

Pre Book