Global Digital Banking Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Digital Banking Market Size, Share & Trends Analysis Report by Banking Type (Corporate Banking, Investment Banking and Retail banking), by Solution (Processing Services, Payment, Customer & Channel Management and Risk Management) and Forecast, 2019-2025
Digital banking is the digitization of banking industry that encompasses products and services that can be accessed by the users over the internet. The digital banking services include high levels of method automation and web-based services and may involve APIs (application program interface) permitting cross institutional service configuration to offer transactions and distribute banking products. The global digital banking market is estimated to grow at a significant rate as it improves customer experience and reduce costs for banks and customers by using cashless transactions. Despite these benefits offered by the digital banking, rising privacy and security related concerns in digital banking may hamper the market growth during the forecast period.
Geographically, the global digital banking market is classified into North America, Europe, Asia-Pacific and Rest of the World. North American digital banking market is projected to have a significant market share due to rising adoption of advanced IT technologies in the BFSI sector. In addition, the presence of major fintech companies in the region further contributes to its growth. Asia-Pacific market is estimated to have significant growth in the global digital banking market. The market growth is attributed to rising government initiatives for digital transactions in emerging economies such as India, China, and others.
Some of the players operating in the global digital banking market include ACI Worldwide, Inc., Atos SE, Fidelity National Information Services, Inc., The Bank of New York, Computer Services, Inc., Intellect Design Arena Ltd, Microsoft Corp., NCR Corp., NETinfo Plc, Oracle Corp., SAP SE, Technisys, Tata Consultancy Services Ltd. and others. These players are playing a significant role in the growth of the digital banking market by providing various products and adopting several organic and inorganic growth to sustain in the competitive market.
The market study of the global digital banking market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for digital banking service providers, digital payment service providers, BFSI sector, software vendors, government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.