Digital Banking Market Growing Popularity and Emerging Trends in the Industry Analysis by Key Players: Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money (2024)

Digital Banking Comprehensive Study by Type (PC, Mobile), Application (Retail Digital Banking, SME Digital Banking, Corporate Digital Banking), Banking Type (Retail Banking, Corporate Banking, Investment Banking), Deployment Types (On-premises, Cloud) Players and Region – Global Market Outlook to 2024

A new business intelligence report released by Advance Market Analytics with title “Global Digital Banking Market Insights, Forecast to 2025” has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Digital Banking Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing.

Digital banking is the solution to provide online service to all the traditional banking activities such as money deposits, transfers, account management and others. With growing internet penetration and digitalization, banking sectors have made innovative shift to address the consumer’s needs. By delivering banking services over internet, banks have managed to advance their offerings and attracted large consumer base.

Major Key Players in This Report Include,
Urban FT [United States], Kony [United States], Backbase [Netherlands], Technisys [United States], Infosys [India], Digiliti Money [United States], Innofis [Spain], Mobilearth [Canada], D3 Banking Technology [United States], Alkami [United States], Q2 [United States], Misys [United Kingdom] and SAP [Germany]

Get Free PDF Sample Pages of Digital Banking Market @ https://www.advancemarketanalytics.com/sample-report/7626-global-digital-banking-market

Market Highlights:

Recently, in January 2018, TCS signed an agreement with Transamerica to help in its undergoing digital transformation of its United States insurance and annuity business lines.

This marketresearchreport looks into and analyzes the Digital Banking Market and illustrates a comprehensive evaluation of its evolution and its specifications. Another aspect that was considered is the cost analysis of the main products dominant in the Global Market considering the profit margin of the manufacturers.

The report focuses on Global Digital Banking Market major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What’s more, the market development trends and marketing channels are analyzed.

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The regional analysis of Digital Banking Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2019-2025.

The Digital Banking Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.

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Strategic Points Covered in Table of Content of Digital Banking Market:

Chapter 1:Introduction, market driving force product Objective of Study and Research Scope the Digital Banking Market

Chapter 2:Exclusive Summary – the basic information of the Digital Banking Market.

Chapter 3:Displaying the Digital Banking Market Dynamics- Drivers, Trends and Challenges.

Chapter 4:Presenting the Digital Banking Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5:Displaying the by Type, End User and Region 2013-2018

Chapter 6:Evaluating the leading manufacturers of the Digital Banking Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7:To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9:Displaying the Appendix, Methodology and Data Source

Finally, Digital Banking Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Digital Banking Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Digital Banking Market Growing Popularity and Emerging Trends in the Industry Analysis by Key Players: Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money (2)

Digital Banking Market Growing Popularity and Emerging Trends in the Industry Analysis by Key Players: Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money (2024)

FAQs

What is the growth rate of digital banking? ›

In the Digital Banks market market, the projected Net Interest Income worldwide is set to reach US$1.50tn in 2024. Looking ahead, it is expected that the Net Interest Income will display an annual growth rate (CAGR 2024-2029) of 6.86%, leading to a market volume of US$2.09tn by 2029.

What is the future of digital banking? ›

Artificial Intelligence (AI) and Chatbots:

AI and chatbots are becoming increasingly popular in digital banking. These technologies enable banks to provide personalized and efficient services to their customers. Chatbots can answer customer queries, provide financial advice, and even assist with transactions.

Why are banks investing in digital technologies? ›

Investment banking on digital platform

The expansion of digital banking has resulted in reduced intermediate processes, data transparency and substitute methods to access intellectual data. All of these factors positively impact the operation costs and make transactions easier and faster.

How big is the online banking market? ›

The global market for online banking estimated at US$15.20 billion in the year 2023, is projected to reach a revised size of US$57.35 billion by 2033, growing at a CAGR of 14.20% over the analysis period 2024-2033.

Who is the target market for digital banking? ›

The target audience for online banking would be people who have bank accounts. Businesses may use it to set up their account and so they can easily take money out of their business. Working people may use it as they may not have time to go to the bank and take out money.

Why are banks moving to digital? ›

Digital transformation in banking is a process to move from non-digital services and operations to modernized, digital-first systems. The goal of digital transformation is to deliver better customer experiences, drive efficiency, adopt innovation and ultimately generate business value.

Why is digital banking popular? ›

One way that digital bank accounts differ from traditional accounts is that they may offer much higher yields and lower fees. The market for savings accounts is much more competitive with digital banks. Because the account is digital, you won't need to worry about looking for local branches.

Is AI the future of banking? ›

Generative AI (gen AI) is revolutionizing the banking industry as financial institutions use the technology to supercharge customer-facing chatbots, prevent fraud, and speed up time-consuming tasks such as developing code, preparing drafts of pitch books, and summarizing regulatory reports.

Are banks switching to digital money? ›

According to new Atlantic Council research, the United States, thanks to Project Cedar, has moved into development of a central bank digital currency and joined its colleagues at the European Central Bank, the Bank of Japan, and the Bank of England in making the leap forward.

Why is electronic banking growing in popularity? ›

Technology driving digital banking platforms

After Covid-19, its popularity sky-rocketed. For many businesses, contactless payment is a secure, fast, and easy way to make and accept payments. Bringing in-person payments into the digital realm has made it easier for digital services to appeal to customers.

Why do we need digital banking? ›

Through Digital Banking, individuals can now easily make transactions, check their account balance or even make transfers just with a single click of a button on their smartphone, desk top or any other digital device. No more requesting or looking over paper statements or withdrawal slips, any longer.

Is digital banking good or bad? ›

The lack of overhead gives internet banks advantages over traditional banks, including fewer or lower fees and accounts with higher APYs. Internet banks lack personal relationships, no proprietary ATMs, and more limited services.

What's new in digital banking? ›

1.5 AI Providing More Targeted Services

One of the most important trends in the digital banking industry is AI. Banks have started using real-time AI-based chatbots that help them gather information about their customers and their preferences.

Why do most people use online banking? ›

Online banking customers enjoy instant access from their computer or mobile device to a full range of services, allowing you to: Check balances on accounts and view records of your transactions. Pay bills automatically each month with easy-to-set-up auto payment. Transfer funds between accounts.

What is the most popular online banking? ›

Top Online Banks in July 2024
  • SoFi Bank. OUR TOP PICK. ...
  • Discover Bank. BEST RETAIL CASH DEPOSIT. ...
  • Ally Bank. Seamless Online Experience. ...
  • Varo Bank. BEST BANK IF YOU'RE JUST STARTING OUT. ...
  • LendingClub Bank. GREAT FOR OVERALL RATES. ...
  • Upgrade. BEST CASH BACK. ...
  • Alliant Credit Union Bank. Best Online Credit Union. ...
  • FNBO Direct Bank.
7 days ago

How fast is online banking growing? ›

In 2021, the U.S. digital banking market was estimated to be $4.3 billion. However, as of 2022, the U.S. digital banking market is at an estimated $5.2 billion–a 21% increase from year to year. Digital banking has become the most common way consumers bank today.

What is the growth rate of banking services? ›

Traditional Banks are set to dominate this market segment with a projected market volume of US$0.38tn in the same year. Looking ahead, the Net Interest Income is anticipated to grow at an annual rate of 4.70% (CAGR 2024-2029), resulting in a market volume of US$0.78tn by 2029.

What is the growth rate of the digital industry? ›

The digital media industry is expecting compound annual global growth of 10.25% by 2025 and internet traffic volume is predicted to increase by 25% annually within the same timeframe.

What is the growth rate of the digital payments industry? ›

Total transaction value in the Digital Payments market is projected to reach US$11.53tn in 2024. Total transaction value is expected to show an annual growth rate (CAGR 2024-2028) of 9.52% resulting in a projected total amount of US$16.59tn by 2028.

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