Global Digital Banking Platform Market (2021-2026)

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DUBLIN, September 28, 2021 / PRNewswire / – The “Digital banking platforms market by component (platforms and services), type of bank (retail banking, corporate banking and investment banking), banking mode (online banking and mobile banking), type of deployment and region – Global forecasts to 2026 “ report was added to ResearchAndMarkets.com offer.

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Global Digital Banking Platform Market Size Expected to Grow $ 8.2 billion in 2021 to $ 13.9 billion by 2026, at a compound annual growth rate (CAGR) of 11.3% over the forecast period.

The digital banking platform market is gaining ground due to the increasing adoption of cloud-based solutions by financial institutions and the proliferation of smartphones are expected to drive the overall growth of the digital banking platform market.

By type of deployment, cloud segment is expected to grow at the highest CAGR during the forecast period

The cloud type of deployment has become a cost effective and efficient way to manage all insurer business processes, as well as data management and governance issues. Cloud-based digital banking platform tools offer several benefits, such as quick tool implementation, lower setup and operating costs, lower maintenance costs, 24/7 data accessibility. 7, safety and ease of use. Digital banking platforms and capital markets and increasingly inheriting the cloud to store data and access advanced applications via the Internet.

By type of bank, the retail banking segment is expected to hold the largest market size during the forecast period

Retail banking has become an essential catalyst in the digital banking platform market to translate banking models across the world. The digital revolution has shaken up the market with the changing behavior and expectations of customers, emerging competitors and innovative technologies. With the growing number of channels, financial institutions are changing their business processes to provide customers with premium services and improve the management of their accounts. Several organizations offer an integrated digital banking solution that includes platforms for online banking and mobile banking. These platforms are enriched with deposit and loan origination solutions, analyzes and banking services.

By region, Asia Pacific grow at the highest CAGR during the forecast period

APAC countries have seen an increase in the number of FinTech startups, which has resulted in a disruption of the digital banking platform ecosystem. However, to keep up with this rapid pace of advancement, traditional banking institutions are undertaking digital transformation projects. There is a huge untapped market for the banking sector in India, China, Bangladesh, and several other APAC countries; this has proven to be an engine for the growth of banking businesses in the region. This therefore motivates bankers to adopt strategies to digitize their services. With the increase in the number of mobile device users, there is also an increasing use of digital banking technologies and e-commerce. These factors combined are expected to fuel the growth of the digital banking platform market in the region.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium information
4.1 Attractive opportunities in the digital banking platform market
4.2 Market, by component
4.3 Market, by service
4.4 Market, by professional services
4.5 Market, by bank type
4.6 Market, by banking mode
4.7 Digital Banking Platforms Market, by Deployment Type
4.8 Market, by region
4.9 Market, by country

5 Market Snapshot and Industry Trends
5.1 Presentation
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Growing demand from banks to provide an improved customer experience
5.2.1.2 Growing adoption of cloud-based solutions by financial institutions
5.2.1.3 Growing adoption of smartphones
5.2.1.4 Growing need to meet the compliance requirements of new data laws and regulations
5.2.1.5 COVID-19 Accelerating the adoption of digital banking
5.2.2 Constraints
5.2.2.1 Lack of digital literacy in emerging countries
5.2.3 Opportunities
5.2.3.1 Increase in cross-selling and up-selling activities
5.2.3.2 Emergence of the Banking as a Service (Baas) model
5.2.3.3 Gradual adoption of Open-Banking APIs
5.2.4 Challenges
5.2.4.1 Growing security concerns
5.2.4.2 Difficulty in integrating digital banking platforms with existing systems
5.2.4.3 Technical problems causing losses
5.3 COVID-19 Market Outlook for Digital Banking Platforms Market
5.3.1 Cumulative Growth Analysis
5.4 Use cases
5.4.1 Use case 1: Backbase
5.4.2 Use case 2: Appway
5.4.3 Use case 3: Finastra
5.4.4 Use case 4: Temenos
5.4.5 Use case 5: Oracle
5.5 Price analysis

6 Digital Banking Platforms Market, By Component
6.1 Presentation
6.1.1 Components: market drivers
6.1.2 Components: Impact of COVID-19
6.2 Platforms
6.2.1 Growing need to replace old banking platforms drives demand for digital banking platforms
6.3 Services
6.3.1 Growing deployment of digital banking platforms and complexities of integrating with back-end systems to fuel demand for services
6.3.2 Professional services
6.3.2.1 Advice
6.3.2.2 Implementation
6.3.2.3 Assistance and maintenance
6.3.3 Managed Services

7 Digital Banking Platforms Market, By Bank Type
7.1 Presentation
7.1.1 Bank types: market drivers
7.1.2 Types of banking: impact of COVID-19
7.2 Retail banking
7.2.1 Increased demand for improved customer service offerings to retail consumers to drive the growth of retail banking type
7.3 Business banking services
7.3.1 Increased Need for Digital Banking Platform to Drive Growth of Corporate Banking Type
7.4 Investment banking
7.4.1 Growing Competition from Fintech and Regtech Providers to Drive the Adoption of Digital Banking Platforms in Investment Banking Segment

8 Digital banking platform market, by banking mode
8.1 Presentation
8.1.1 Banking methods: market drivers
8.1.2 Banking methods: impact of COVID-19
8.2 Online banking
8.2.1 Increased Use of Internet Via Web Mode to Drive Growth of Online Banking Services
8.3 Mobile banking services
8.3.1 Growing use of mobile devices to access banking services to drive the growth of mobile banking

9 Digital banking platform market, by type of deployment
9.1 Presentation
9.1.1 Types of deployment: market drivers
9.1.2 Types of deployment: impact of COVID-19
9.2 On site
9.2.1 Growing security concerns to drive demand for on-premises deployment of digital banking platforms
9.3 Cloud
9.3.1 Cost-Effectiveness of Cloud-Based Deployment Type to Drive Growth of Digital Banking Platforms

10 Digital Banking Platforms Market, By Region

11 Competitive landscape
11.1 Overview
11.2 Best suppliers on the market
11.3 Competitive scenario
11.3.1 Product launches
11.3.2 Offers
11.3.3 Others

12 company profiles
12.1 Major players
12.1.1 Oracle
12.1.2 Temenos
12.1.3 Edgeverve
12.1.4 Finastra
12.1.5 Tc
12.1.6 Fiserv
12.1.7 Worldline
12.1.8 Bny Mellon
12.1.9 Sap
12.1.10 Ncr
12.1.11 Sopra banking software
12.1.12 Ncino
12.1.13 Intellectual design arena
12.1.14 Mulesoft
12.2 Startup / PME Players
12.2.1 Presentation
12.2.2 Rear chainstay
12.2.3 Appway
12.2.4 Techniques
12.2.5 Time
12.2.6 Mambu
12.2.7 Cr2
12.2.8 Ebankit
12.2.9 Netinfo
12.2.10 Apiture
12.2.11 Velmie
12.2.12 Alkamis

13 Annex

For more information on this report, visit https://www.researchandmarkets.com/r/xoqa7v

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