Digital Banking Platform Trends and Forecast
The future of the global digital banking platform market looks promising with opportunities in the retail banking, corporate banking, and investment banking markets. The global digital banking platform market is expected to reach an estimated $19.1 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are increasing demand among banks for delivering enhanced customer experience and rising adoption of cloud-based solutions by financial institutions.A more than 150-page report is developed to help in your business decisions.
Digital Banking Platform by Segment
The study includes a forecast for the global digital banking platform by component, deployment type, banking type, banking mode, and region.Digital Banking Platform Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Platforms
- Services
Digital Banking Platform Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:
- On-Premises
- Cloud
Digital Banking Platform Market by Banking Type [Shipment Analysis by Value from 2018 to 2030]:
- Retail Banking
- Corporate Banking
- Investment Banking
Digital Banking Platform Market by Banking Mode [Shipment Analysis by Value from 2018 to 2030]:
- Online Banking
- Mobile Banking
Digital Banking Platform Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Digital Banking Platform Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies digital banking platform companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the digital banking platform companies profiled in this report include:- Alkami
- Apiture
- Appway
- Backbase
- BNY Mellon
- CR2
- EdgeVerve
Digital Banking Platform Market Insights
The publisher forecasts that platform is expected to witness higher growth over the forecast period as it provides a diverse range of products, including commercial accounts, retail accounts, mobile banking, investment services, real-time transactions, and financial management tools.Within this market, retail banking will remain the largest segment.
APAC is expected to witness the highest growth over the forecast period due to growing adoption of advanced analytics technologies and entrance of new players in the market.
Features of the Global Digital Banking Platform Market
- Market Size Estimates: Digital banking platform market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Digital banking platform market size by various segments, such as by component, deployment type, banking type, banking mode, and region in terms of value ($B).
- Regional Analysis: Digital banking platform market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different components, deployment types, banking types, banking modes, and regions for the digital banking platform market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the digital banking platform market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the digital banking platform market size?Answer: The global digital banking platform market is expected to reach an estimated $19.1 billion by 2030.
Q2. What is the growth forecast for digital banking platform market?
Answer: The global digital banking platform market is expected to grow with a CAGR of 11.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the digital banking platform market?
Answer: The major drivers for this market are increasing demand among banks for delivering enhanced customer experience and rising adoption of cloud-based solutions by financial institutions.
Q4. What are the major segments for digital banking platform market?
Answer: The future of the digital banking platform market looks promising with opportunities in the retail banking, corporate banking, and investment banking markets.
Q5. Who are the key digital banking platform market companies?
Answer: Some of the key digital banking platform companies are as follows:
- Alkami
- Apiture
- Appway
- Backbase
- BNY Mellon
- CR2
- EdgeVerve
Answer: The publisher forecasts that platform is expected to witness higher growth over the forecast period as it provides a diverse range of products, including commercial accounts, retail accounts, mobile banking, investment services, real-time transactions, and financial management tools.
Q7. In digital banking platform market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to growing adoption of advanced analytics technologies and entrance of new players in the market.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the digital banking platform market by component (platforms and services), deployment type (on-premises and cloud), banking type (retail banking, corporate banking, and investment banking), banking mode (online banking and mobile banking), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Digital Banking Platform Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alkami
- Apiture
- Appway
- Backbase
- BNY Mellon
- CR2
- EdgeVerve
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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