Overview:

The global digital banking platform market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Digital banking platform provides kind of place where banks or financial firms can bring their all services and processes in a digital way. This platform is a base for all type of internet and mobile banking.

Market Dynamics:

Growing demand for digitalization among banks to deliver enhanced customer experience is a major factor expected to drive the growth of global digital banking platform market. Digital banking platform helps to banks as well as financial institutions in managing all of their digital customer interactions and services.

In addition, digital banking platform proposes the innovative digital products as well as services to the customers. It helps customers to access all necessary features and services at reduced cost. This is another factor supporting target market growth.

Moreover, on-going digital transformation among the bank industry across the globe is fueling demand for the digital banking platforms and in turn boosting growth of the global market.

Key Trends:

Increasing strategic partnership among the key players operating in the target market in order to get the competitive edge is a key trend witnessed in the target market. This trend is expected to continue and boost growth of the market over the forecast year. For instance, in 2019, Worldline signed a strategic partnership along with Nordic Finance Innovations (NFI) in order to strengthen the position of Nordic countries in the world’s ecosystem.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America digital banking platform market is expected to hold significant revenue share in the global market, owing to high adoption of digital banking and net banking in countries in the region. In addition, the users/individuals are early adopters and prefers online services, this resulted in high growth of digital banking platforms market in the region in last few years. Europe region holds second highest value share in the global market followed by Asia Pacific region. However, the Asia Pacific region is expected to witness highest growth over the forecat period.

Scope of the Report:

Detailed Segmentation:

Global Digital Banking Platform Market, By Banking Type:

• Retail Banking
• Corporate Banking

Global Digital Banking Platform Market, By Banking Modes:

• Online Banking
• Mobile Banking

Global Digital Banking Platform Market, By Deployment Type:

• On-premises
• Cloud

Key Players Covered:

Key players operating in the market includes, AppWay AG, Infosys Ltd., Intellect Design Arena, Finastra Technology Inc., Etronika, Groupe BPCE, Kony Inc., Oracle Corp., Temenos, and UAB Bank.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Digital Banking Platform Market by banking type, banking modes, deployment type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global digital banking platform market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.