Global Digital Banking Market, By Services (Non-Transactional Activities, Transactional), Deployment Type (On-Premises, On Cloud), Technology (Internet Banking, Digital Payments, Mobile Banking), Industries (Media & Entertainment, Manufacturing, Retail, Banking, Healthcare), Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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The digital banking market is expected to witness market growth at a rate of 7.45% in the forecast period of 2021 to 2028. Data Bridge Market Research report on digital banking market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid digitization globally is escalating the growth of digital banking market.
The global digital banking market is experiencing significant growth, mainly driven by factors such as the increasing adoption of smartphones and the internet, demand for convenient banking options, and the need for cost-effective banking solutions. The market is also influenced by technological advancements such as artificial intelligence, blockchain, and biometric authentication, which are revolutionizing the way customers interact with banking services. As a result, the digital banking market is poised for robust expansion in the coming years.
**Segments**
- **By Deployment Type**:
- On-Premises
- Cloud
- **By Type**:
- Retail Banking
- Corporate Banking
- Investment Banking
- **By Banking Mode**:
- Online Banking
- Mobile Banking
- **By Service**:
- Transactional Services
- Non-Transactional Services
**Market Players**
- **Alibaba Group**
- **Capital Banking Solutions**
- **Doxim**
- **FIS**
- **Fiserv**
- **Infosys Limited**
- **Intellect Design Arena Ltd**
- **Mambu**
- **Microsoft**
- **Oracle**
- **SAP SE**
- **SAS Institute Inc**
- **Temenos Headquarters SA**
- **Technisys**
- **Tata Consultancy Services Limited**
- **Unisys**
- **Worldline**
The competition in the digital banking market is intense, with major players constantly innovating and expanding their offerings to meet the evolving needs of consumers. Companies are investing heavily in technologies like AI and blockchain to enhance security, improve user experience, and provide personalized services. As a result, the market is witnessing a surge in strategic partnerships, mergers, and acquisitions as players strive to gain a competitive edge and expand their market presence.
In conclusion, the global digital banking market is on a growth trajectory, driven by consumer demand for convenient and secure banking solutions. With the increasing adoption of digital technology and the emergence of innovative banking services,The global digital banking market is currently going through a transformative phase, propelled by various factors shaping the financial technology landscape. The shift towards digital banking solutions has been instrumental in providing customers with convenient and efficient ways to access and manage their finances. The increasing penetration of smartphones and the internet have played a significant role in driving the adoption of digital banking services, enabling users to conduct transactions, check balances, and make payments with ease. Additionally, the demand for cost-effective and time-saving banking solutions has fueled the growth of digital banking, as customers seek alternatives to traditional brick-and-mortar branches.
One of the key drivers influencing the digital banking market is the rapid advancements in technology, particularly in areas such as artificial intelligence, blockchain, and biometric authentication. These technologies are revolutionizing the way financial institutions interact with customers, offering more personalized and secure services. AI-powered chatbots and virtual assistants are being used to provide real-time customer support and personalized recommendations, enhancing the overall banking experience. Blockchain technology, known for its security features and transparency, is being employed to streamline processes like authentication, payments, and record-keeping, ensuring data integrity and reducing fraud risks. Biometric authentication methods, such as fingerprint and facial recognition, are enhancing security measures by providing a more secure and convenient way for customers to access their accounts.
The digital banking market is segmented based on various criteria, such as deployment type, type of banking, banking mode, and services offered. Differentiated offerings cater to the diverse needs of retail, corporate, and investment banking customers. Retail banking services focus on individual customers and their day-to-day banking needs, while corporate banking services target businesses and enterprises, providing tailored solutions for their financial operations. Investment banking services cater to investors, offering specialized services for asset management, trading, and advisory.
In terms of banking mode, online banking and mobile banking are the primary channels through which customers access digital banking services. Online banking platforms offer a range of functionalities such as account management, fund transfers, and bill payments through web**Global Digital Banking Market, By Services (Non-Transactional Activities, Transactional), Deployment Type (On-Premises, On Cloud), Technology (Internet Banking, Digital Payments, Mobile Banking), Industries (Media & Entertainment, Manufacturing, Retail, Banking, Healthcare), Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028**
The global digital banking market is witnessing a rapid transformation due to the increasing adoption of digital technologies and the changing preferences of consumers towards convenient banking solutions. With the rise of smartphones and the internet, customers are increasingly looking for seamless digital banking experiences that provide ease of access, security, and personalized services. This has led to a surge in demand for non-transactional activities like account management, balance inquiries, and transactional services such as fund transfers, bill payments, and loan applications, driving the growth of the digital banking market.
In terms of deployment type, both on-premises and cloud-based solutions are gaining prominence in the digital banking market. While on-premises deployment offers control and customization capabilities to financial institutions, cloud-based solutions provide
Digital Banking Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Digital Banking Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Table of Contents: Digital Banking Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Digital Banking Market, by Product Type
7 Digital Banking Market, by Modality
8 Digital Banking Market, by Type
9 Digital Banking Market, by Mode
10 Digital Banking Market, by End User
12 Digital Banking Market, by Geography
12 Digital Banking Market, Company Landscape
13 Swot Analysis
14 Company Profiles
The investment made in the study would provide you access to information such as:
- Digital Banking Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
Critical Insights Related to the Digital Banking Included in the Report:
- Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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