Digital Banking Market Size Growth - By Banking (Retail, Corporate, Investment), Service (Transactional, Non-Transactional), Mode (Online Banking Platforms, Mobile Banking Apps), End Users (Individuals, Government Organizations, Corporates) and By Region: Statistics Reports, Supply & Demand Analysis, Global Opportunity 2024-2030

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Global Market Synopsis, Forecast, Trend, and Growth Up To 2030

Digital Banking Market size was valued at US$ 11 Trn in 2023, registering a CAGR of 3.5% during the forecast period (2024-2030), and the market is projected to be worth US$ 15.8 Trn by 2030.

The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Market Updates, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprint by Global Industry Hub.

Digital Banking Market Scope:

• A basic overview of the competitive landscape
• A detailed breakdown of the regional market
• A brief overview of market segmentation

• Etronika
• Fidor Solutions AG
• Finastra
• Infosys
• Oracle Corporation
• SAB
• SAP
• Tata Consultancy Services Limited
• Technisys S.A
• Temenos AG

Scope of the Report:

The Digital Banking market is divided based on product, end user, application, and region. Each category has various sub-segments, and current trends in each segment help producers target specific customers effectively.

Important Features of the Report:

• Detailed analysis of the Digital Banking market
• Fluctuating market dynamics
• Historical, current, and projected market size
• Recent industry trends
• Competitive landscape
• Strategies of key players
• Potential growth segments/regions
• A neutral perspective on market performance 

 Our Sample Report Includes:

• Introduction, overview, and in-depth industry analysis updated for 2030.
• A research report spanning over 150+ pages, including updated research.
• Updated regional analysis for 2024 with the graphical representation of size, share, and trends.
• An updated list of tables and figures.
• Top market players with their business strategy, sales volume, and revenue analysis.

Reasons for buying this report:

• Make informed decisions with analytical data
• Understand key product segments
• Identify market dynamics like drivers, restraints, trends, and opportunities
• Analyze regional markets and stakeholder profiles

Market, By Banking

• Retail
• Corporate
• Investment

Market, By Service                   

• Transactional Services
  • Cash deposits and withdrawal
  • Fund transfers
  • Auto-debit/auto-credit services
  • Loans  
• Non-Transactional Services                 
  • Information security  
  • Risk management       
  • Financial planning       
  • Stock advisory

Market, By Mode

• Online banking platforms
• Mobile banking apps

Market, By End users

• Individuals
  • Online banking platforms
  • Mobile banking apps
• Government organizations
  • Online banking platforms
  • Mobile banking apps
• Corporates
  • Online banking platforms
  • Mobile banking apps

 

Key players in the industry are adopting growth strategies like partnerships, collaborations, mergers and acquisitions, and awareness programs to strengthen their market presence. The report also lists industry players for end users, facilitating communication between manufacturers and consumers.

Recent Market Updates:

• In May 2024, London-based FinTech company Revolut strategized to expand across the Asia Pacific region, targeting markets like New Zealand and Singapore. Revolut has already achieved notable success in Australia, boasting 600,000 customers and substantial transaction volume growth.
   
• In September 2023, Bank of America introduced 'Erica,' an AI-powered virtual assistant integrated into their mobile app. 'Erica' was designed to deliver personalized financial insights and streamline banking transactions for customers, enhancing user experience through intuitive digital interactions by leveraging AI technology.
   
• In June 2024, First State Bank partnered with Jack Henry, a provider of financial technology solutions, to enhance its digital capabilities. The bank implemented Jack Henry's core processing solution to streamline operations and boost efficiencies. Additionally, it adopted Jack Henry's Banno platform for digital banking, integrating services like card management, payments, user authentication, and customer communication. This strategic move aimed to leverage over 950 APIs from third-party fintech partners, enhancing the bank's competitive position.

Regional Analysis for Digital Banking Market:

• North America(the United States, Canada, and Mexico)
• Europe(Germany, France, UK, Russia, and Italy)
• Asia-Pacific(China, Japan, Korea, India, and Southeast Asia)
• South America(Brazil, Argentina, Colombia, etc.)
• The Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) 

The Research Provides Answers to the Following Key Questions:

1. What is the expected growth rate of the Digital Banking market from 2024 to 2030?
2. What are the major driving forces shaping the industry?
3. Who are the major vendors dominating the market, and what are their winning strategies?
4. What trends can business owners expect in the coming years?
5. What threats and challenges might hinder industry progress?
6. What opportunities can business owners capitalize on from 2024 to 2030?