Digital banking Market Segments: by service (Digital Payments, Digital Sales); by application (personal and enterprises sector) and Region–Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Digital banking is a concept that allows banks and their clients to process banking transactions, operations, and activities on an end-to-end basis without any problems. The spread of the technology in different parts of the banking system and the introduction of smartphones helps bankers to modernize their conventional banking system. Widespread accessibility, maximum utility, and reduced-price are some of the main factors in the current environment of the high adoption of digital banking. In addition, banks constantly adopt new applications to meet their clients' requirements, offering services such as ATM, web banking, mobile banking, SMS banking, etc.
Market Highlights
Global Digital banking is expected to project a notable CAGR of 29.9% in 2030.
Global Digital banking to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 29.9% in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for digital banking. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Digital banking industry.
Global Digital Banking: Segments
Digital Payments segment to grow with the highest CAGR during 2020-30
Global Digital banking is segmented by service into Digital Payments, Digital Sales. Digital Payments segment held the largest market share of XX in the year 2020. The Digital Payment expected to be the largest digital banking service component in the forecasted period and will be leading the market. The growing sale of banking products and services via digital platforms drives banks throughout the world's digital sales. In 2019, the digital market was estimated to be $XX trillion, reaching $XX trillion truly by 2030.
Enterprise sector segment to grow with the highest CAGR during 2020-30
Global Digital banking is segmented by application into the personal and enterprises sector. Over the forecast period, the enterprise application is projected to expand at the fastest pace. Enterprises are adopting into this Digital banking market as they facilitate better management of payments and all other online services while the personal application segment is anticipated to register the highest CAGR in the future.
Global Digital Banking Market Dynamics
Drivers
Increased investment in fintech
In order to speed up digital innovation, the digital banking market is witnessing heavy investments. Throughout the last 5 years, the fintech industry has gained momentum. In 2019, Fintech's projected investments in various deals globally amounted to USD XXXX billion. Recognizing the rise of Fintech players, banks want to enhance their digital banking investment, and some banks are even starting to partner or invest in them, generating new opportunities for market expansion.
Internet Penetration
Continuing the use of online and mobile bank platforms, increasing adoption and internet penetration of smartphones, integration of high technology, increased customer experience requirements, the development of retail banking, and supporting government initiatives and policies are key factors in worldwide growth of digital banking. Manipulating the growth of the global digital banking market is the widespread usage of online and mobile banking platforms. Due to the increasing adoption of smartphones and increasing internet penetration, many financial institutes have movement to digital sources to provide their services
Restraint
Limited Everyday Transactions
The range of banking products on offer from Digital banking and challenger banks are limited to everyday transactions and savings accounts which are expected to act as a restraint in the Digital banking market.
Global Digital Banking: Key Players
Urban FT
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Backbase (Netherlands)
Innofis (Spain)
Mobilearth (Canada)
Kony, Inc. (U.S.)
Misys (U.K.)
Infosys (Bangalore)
Cachet Financial Solutions, Inc. (U.S)
Technisys (Subsidiary of FMC Technologies) (U.S)
Other prominent players
Global Digital Banking: Regions
Global Digital banking is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Digital banking in Europe held the largest market share of XX% in the year 2020 in terms of revenue. Europe held a maximum share of around 48% of the global Digital Banking market due to the emergence of multiple technology startups and early adoption technology. Latin America is likely to dominate the European market in the near future. The APAC Digital banking market is projected to grow over the forecast period due to the increasing investments in the fintech sector. Asia is seen, in addition to Europe and Latin America, as one of the world’s major regions that show an upcoming growth in this sector.
Global Digital Banking is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Digital Banking report also contains analysis on:
Digital Banking Segments:
By Service:
Digital Payments
Digital Sales
By Application type :
Personal sector
Enterprise sector
Digital banking Dynamics
Digital banking Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Digital banking is a concept that allows banks and their clients to process banking transactions, operations, and activities on an end-to-end basis without any problems. The spread of the technology in different parts of the banking system and the introduction of smartphones helps bankers to modernize their conventional banking system. Widespread accessibility, maximum utility, and reduced-price are some of the main factors in the current environment of the high adoption of digital banking. In addition, banks constantly adopt new applications to meet their clients' requirements, offering services such as ATM, web banking, mobile banking, SMS banking, etc.
Market Highlights
Global Digital banking is expected to project a notable CAGR of 29.9% in 2030.
Global Digital banking to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 29.9% in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for digital banking. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Digital banking industry.
Global Digital Banking: Segments
Digital Payments segment to grow with the highest CAGR during 2020-30
Global Digital banking is segmented by service into Digital Payments, Digital Sales. Digital Payments segment held the largest market share of XX in the year 2020. The Digital Payment expected to be the largest digital banking service component in the forecasted period and will be leading the market. The growing sale of banking products and services via digital platforms drives banks throughout the world's digital sales. In 2019, the digital market was estimated to be $XX trillion, reaching $XX trillion truly by 2030.
Enterprise sector segment to grow with the highest CAGR during 2020-30
Global Digital banking is segmented by application into the personal and enterprises sector. Over the forecast period, the enterprise application is projected to expand at the fastest pace. Enterprises are adopting into this Digital banking market as they facilitate better management of payments and all other online services while the personal application segment is anticipated to register the highest CAGR in the future.
Global Digital Banking Market Dynamics
Drivers
Increased investment in fintech
In order to speed up digital innovation, the digital banking market is witnessing heavy investments. Throughout the last 5 years, the fintech industry has gained momentum. In 2019, Fintech's projected investments in various deals globally amounted to USD XXXX billion. Recognizing the rise of Fintech players, banks want to enhance their digital banking investment, and some banks are even starting to partner or invest in them, generating new opportunities for market expansion.
Internet Penetration
Continuing the use of online and mobile bank platforms, increasing adoption and internet penetration of smartphones, integration of high technology, increased customer experience requirements, the development of retail banking, and supporting government initiatives and policies are key factors in worldwide growth of digital banking. Manipulating the growth of the global digital banking market is the widespread usage of online and mobile banking platforms. Due to the increasing adoption of smartphones and increasing internet penetration, many financial institutes have movement to digital sources to provide their services
Restraint
Limited Everyday Transactions
The range of banking products on offer from Digital banking and challenger banks are limited to everyday transactions and savings accounts which are expected to act as a restraint in the Digital banking market.
Global Digital Banking: Key Players
Urban FT
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Backbase (Netherlands)
Innofis (Spain)
Mobilearth (Canada)
Kony, Inc. (U.S.)
Misys (U.K.)
Infosys (Bangalore)
Cachet Financial Solutions, Inc. (U.S)
Technisys (Subsidiary of FMC Technologies) (U.S)
Other prominent players
Global Digital Banking: Regions
Global Digital banking is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Digital banking in Europe held the largest market share of XX% in the year 2020 in terms of revenue. Europe held a maximum share of around 48% of the global Digital Banking market due to the emergence of multiple technology startups and early adoption technology. Latin America is likely to dominate the European market in the near future. The APAC Digital banking market is projected to grow over the forecast period due to the increasing investments in the fintech sector. Asia is seen, in addition to Europe and Latin America, as one of the world’s major regions that show an upcoming growth in this sector.
Global Digital Banking is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Digital Banking report also contains analysis on:
Digital Banking Segments:
By Service:
Digital Payments
Digital Sales
By Application type :
Personal sector
Enterprise sector
Digital banking Dynamics
Digital banking Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. GLOBAL DIGITAL BANKING MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL DIGITAL BANKING MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL DIGITAL BANKING MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL DIGITAL BANKING MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By service: Market Share (2020-2030F)
12.3.1. Digital Payments, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Digital Sales, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Application Type: Market Share (2020-2030F)
12.4.1. Personal sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Enterprise sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. URBAN FT
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. BACKBASE (NETHERLANDS)
3. INNOFIS (SPAIN)
4. MOBILEARTH (CANADA)
5. KONY, INC. (U.S.)
6. MISYS (U.K.)
7. INFOSYS (BANGALORE)
8. CACHET FINANCIAL SOLUTIONS, INC. (U.S)
9. TECHNISYS (SUBSIDIARY OF FMC TECHNOLOGIES) (U.S)
10. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL DIGITAL BANKING MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL DIGITAL BANKING MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL DIGITAL BANKING MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL DIGITAL BANKING MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By service: Market Share (2020-2030F)
12.3.1. Digital Payments, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Digital Sales, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Application Type: Market Share (2020-2030F)
12.4.1. Personal sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Enterprise sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. URBAN FT
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. BACKBASE (NETHERLANDS)
3. INNOFIS (SPAIN)
4. MOBILEARTH (CANADA)
5. KONY, INC. (U.S.)
6. MISYS (U.K.)
7. INFOSYS (BANGALORE)
8. CACHET FINANCIAL SOLUTIONS, INC. (U.S)
9. TECHNISYS (SUBSIDIARY OF FMC TECHNOLOGIES) (U.S)
10. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
