Digital banking market Statistics, Trends, Segmentation Analysi

  • Digital Banking Market 2021

    The global research report titled Digital banking market was published by Absolute Markets Insights. The study elucidates current market statistics, in addition to underlying future predictions of the Digital banking market. The base year considered for the study is 2019 and forecast period is 2020-2022. The research report has been compiled by means of effective techniques such as primary and secondary research methodologies. Top level industries are enlisted in order to obtain penetrative business insights. The companies profiled in this research report include erudite information on product types, features, capacity, and productivity.

    Banks are deploying AI-based solutions that are compliant with ethical practices focusing on competitiveness and profitability. The advent of AI-based chatbots and robo advisors that helps customers manage their finances better.


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    Major Key Players:

    Some of the players operating in the digital banking market are ACI Worldwide, Ally Financial Inc., Backbase, Capital Banking Solutions, CR2, Digiliti Money, Inc, Fiserv, Inc., Infosys Ltd., Innofis, JPMorgan Chase & Co., Kony, Inc., Microsoft Corporation, Oracle, Tata Consultancy Services, Technisys, Temenos Headquarters SA, TRG Mobilearth Inc., Urban FT (North America), LLC, amongst others.

    Key Findings of the Report:

    In terms of revenue, global digital banking market is expected to reach US$ 8646.34 million by 2027, as there is an increasing demand for AI-based solutions.

    Retail banking segment held the largest share in 2018 and is expected to continue the same trend over the forecast period. The application of automated credit scoring and service chatbots is expected to aid the particular segment and also the global digital baking digital banking market in general.

    On the basis of organization size, the small & medium enterprise segments is anticipated to exhibit the highest CAGR of 2.5% over the next eight years. The collaborative AI-driven tools primarily built on shared datasets enables safer and efficient banking for the small market participants.

    Market Segmentation

    By Deployment Type

    Cloud based

    On-Premise

    Digital banking market By Banking Type

    Retail Banking

    Corporate Banking

    Investment Banking 

    By Solutions

    Payments

    Processing Services

    Customer and Channel Management     

    Risk Management

    By Organization Size

    Small and Medium Size Enterprises

    Large Size Enterprises

    Digital banking market By Technology

    BaaS (Banking as a Service)

    BaaP (Banking as a Platform)

    Cloud-Based

    White Label Banking

    Chatbots

    By Payment Verticals

    Banking Cards

    Unstructured Supplementary Service Data (USSD)

    Uniform Payment Interface (UPI)

    Mobile Wallets

    Point of Sale (POS)

    Mobile Banking

    Internet Banking

    Micro ATMs

    Digital banking market By Geography

    North America

    U.S.

    Canada

    Mexico

    Europe

    France

    The UK

    Spain

    Germany

    Italy

    Nordic Countries

    Denmark

    Finland

    Iceland

    Norway

    Sweden

    Benelux Union

    Belgium

    The Netherlands

    Luxemburg

    Rest of Europe

    Asia Pacific

    China

    Japan

    India

    New Zealand

    Australia

    South Korea

    Southeast Asia

    Indonesia

    Thailand

    Malaysia

    Singapore

    Rest of Southeast Asia

    Rest of Asia Pacific

    Middle East & Africa

    Saudi Arabia

    UAE

    Egypt

    Kuwait

    South Africa

    Rest of Middle East & Africa

    Latin America

    Brazil

    Argentina

    Rest of Latin America


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