Digital Banking Market Analysis by Global Industry Revenue and Share Forecasts To 2027
Digital Banking Market, by Services (Non-Transactional Activities, Transactional), By Deployment Type (On-Premises, On Cloud), By Technology, By Industries - Forecast till 2027
(firmenpresse) - Market Scope
The global digital banking market size is projected to scale at a CAGR of 8% over the forecast period. It can grow rapidly owing to increasing internet speeds and swelling size of smartphone users. The proliferation of information technology into the banking sector is expected to drive market growth over the forecast period. Ease of opening bank accounts online has led to many customers signing to ZA Bank in Hong Kong. Promotion of fintech and innovation in customer experiences can fuel the market growth. Financial organizations are partnering with fintech firms for creating API strategies to cater to small and medium enterprises. This is evident with the options of mobile banking and ability to conduct transactions seamlessly. The use of data and customer behavior for creating new experiences is pivotal to API strategy.
Get a Free Sample (at) https://www.marketresearchfuture.com/sample_request/1986
The digital banking market is expected to thrive despite the COVID-19 pandemic. The flurry of services offered to customers, integration of advanced technologies such as blockchain, and adoption of mobile banking platforms can drive the market during this unforeseen period. But the curtailing of budgets can affect the market growth.
However, digital illiteracy among the elderly and lack of networking infrastructure in developing economies can threaten the market growth.
Digital banking is the paperless way of conducting financial transactions through your bank using a mobile application. The aim of financial institutions in digitizing all processes and redrawing of all traditional practices can lead to heavy investments in digital banking. The Digital Banking Market Report by Market Research Future (MRFR) contains an overview of the industry, changing consumer expectations, and various moves made by financial organizations. It contains projections for revenue and growth for the period of 2016 to 2022 (forecast period) as well as the implications of the COVID-19 pandemic on the market.
Segmentation
The global digital banking market has been segmented on the basis of deployment, services, technology, and industry. By deployment, the market has been divided into on cloud and on- premises.
Services include non-transactional activities, transactional, and others.
On the basis of technology, it is segmented into digital payments, mobile banking, and internet banking.
On the basis of industries, the market includes healthcare, retail, banking, manufacturing, media & entertainment, and others.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/digital-banking-market-1986
Competitive Outlook
Cachet Financial Solutions, Inc., Infosys, Innofis, Backbase, Misys, Urban FT, Inc., Technisys, Mobilearth, and Kony, Inc. are key players of the global digital banking market. Other prominent names are IDEALINVENT Technologies, Nymbus, Capital Banking Solutions, NLS Banking, and others. The market is highly competitive due to new entrants in fintech and continuous development of API and customer experiences. Recently, Razer has applied for a digital banking license in Singapore and looking for viable investments in Latin America and Asia.
Regional Analysis
North America is currently dominating the global digital banking market. High volume of smartphone users and technologically advanced countries such as the U.S. and Canada gives North America a competitive advantage over the other regions.
Europe stands as second biggest revenue generator in this market. Rich financial sectors in the U.K., France, and Germany are major contributors towards the growth of digital banking in the region. Also, high literacy rate and knowledge towards internet and mobile applications are some of the factor which is supporting the market of digital banking in Europe. New design approaches and development of dynamic business models can drive the regional market growth.
APAC has emerged as the fastest growing market due to the growing economies of India, China and countries, and green earth initiatives. The change in regulations and policies for assisting customers in taking the digital route and lower banking lines can bode well for the regional market . Digital bank licenses accorded to fintech firms as well as investments by new players have made this region prime and lucrative for the market.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales(at)marketresearchfuture.com
Themen in dieser Pressemitteilung:
digital-banking-market
digital-banking-market-analysis
digital-banking-market-size
digital-banking-market-share
digital-banking-market-growth
digital-banking-market-research
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2021 - 09:32 Uhr
Sprache: Deutsch
News-ID 635022
Anzahl Zeichen: 5785
contact information:
Contact person: Ketan Wagh
Town:
Pune
Phone: +1 628 258 007
Kategorie:
Retail Banking
Typ of Press Release: Company
type of sending: send
Diese Pressemitteilung wurde bisher 447 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Digital Banking Market Analysis by Global Industry Revenue and Share Forecasts To 2027"
steht unter der journalistisch-redaktionellen Verantwortung von
Market Research Future (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
