Digital Banking Platform Market Growth Outlook Through 2024-2033

Overview and Scope
A digital banking platform refers to financial services that enable a bank to begin the transformational process of becoming a truly digital bank that is ecosystem-centric. The digital banking platform is used by the banks to adapt and optimize enhanced technologically advanced services delivered via mobile phones, laptops, smart TVs, desktop computers, and other devices.

Sizing and Forecast
The digital banking platform market size has grown rapidly in recent years. It will grow from $6.68 billion in 2023 to $7.49 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to rise of internet and mobile devices, customer expectations, regulatory changes, security enhancements, cost reduction and efficiency, pandemic impact and remote banking.

The digital banking platform market size is expected to see rapid growth in the next few years. It will grow to $12.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to digital transformation investments, collaboration with fintech startups, global expansion and market competition, ai-powered insights and analytics, data security and privacy measures.. Major trends in the forecast period include data-driven decision making, remote and digital onboarding, sustainability and green banking, ecosystem expansion..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/digital-banking-platform-global-market-report

Segmentation & Regional Insights
The digital banking platform market covered in this report is segmented –

1) By Type: Corporate Banking, Retail Banking
2) By Component: Platforms, Services
3) By Banking Mode: Online Banking, Mobile Banking
4) By Deployment: Cloud, On-Premise

North America was the largest region in the digital banking platforms market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital banking platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The shift in trend from traditional banking to online banking is expected to propel the growth of the digital banking platform market going forward. Online banking refers to an electronic payment system that enables customers to conduct a range of financial transactions through a website or payment app. Online banking helps improve services and increase profits, causing financial institutions to shift their focus to digital banking, resulting in the growth of the digital banking platform market. For instance, according to India Brand Equity Foundation, an Indian government export promotion agency, by 2025, India’s fintech market is expected to reach Rs. 6.2 trillion (USD 83.42 billion). Fintech financial services are responsible for transforming the banking system into various digital channels, such as online channels and social channels. Therefore, the shift in trend from traditional banking to online banking is driving the digital banking platform market growth.

Key Industry Players
Major companies operating in the digital banking platform market report are Appway AG, Crealogix Holding AG, EdgeVerve Systems Limited, Fiserv Inc., Oracle Corporation, SAP SE, Sopra Steria, Temenos AG, Worldline SA, Cor Financial Solution Ltd., Fidelity National Information Services Inc., Vsoft Corporation, Apiture, The Bank of New York Mellon Corporation, CR2 Ltd, Alkami Technology Inc., Finastra Group Holdings Limited, Urban FT Group Inc., Q2 Software Inc., Sopra Banking Software SA, Tata Consultancy Services Limited, Backbase B. V., ebankIT- Sistemas de Informação S. A., Intellect Design Arena, Mambu GmbH, MuleSoft LLC, nCino Inc., National Cash Register Corporation, NETinfo Plc, Technisys S. A.

The digital banking platform market report table of contents includes:

1. Executive Summary
2.Digital Banking Platform Market Characteristics
3.Digital Banking Platform Market Trends And Strategies
4.Digital Banking Platform market analysis
5.Digital Banking Platform Market Size And Growth
6.Digital Banking Platform Segmentation
7.Digital Banking Platform Regional And Country Analysis
.
.
.
27.Digital Banking Platform Competitive Landscape And Company Profiles
28.Digital Banking Platform Key Mergers And Acquisitions
29.Digital Banking Platform Future Outlook and Potential Analysis

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TheOverview and Scope
A digital banking platform refers to financial services that enable a bank to begin the transformational process of becoming a truly digital bank that is ecosystem-centric. The digital banking platform is used by the banks to adapt and optimize enhanced technologically advanced services delivered via mobile phones, laptops, smart TVs, desktop computers, and other devices.

Sizing and Forecast
The digital banking platform market size has grown rapidly in recent years. It will grow from $6.68 billion in 2023 to $7.49 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to rise of internet and mobile devices, customer expectations, regulatory changes, security enhancements, cost reduction and efficiency, pandemic impact and remote banking.

The digital banking platform market size is expected to see rapid growth in the next few years. It will grow to $12.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to digital transformation investments, collaboration with fintech startups, global expansion and market competition, ai-powered insights and analytics, data security and privacy measures.. Major trends in the forecast period include data-driven decision making, remote and digital onboarding, sustainability and green banking, ecosystem expansion..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/digital-banking-platform-global-market-report

Segmentation & Regional Insights
The digital banking platform market covered in this report is segmented –

1) By Type: Corporate Banking, Retail Banking
2) By Component: Platforms, Services
3) By Banking Mode: Online Banking, Mobile Banking
4) By Deployment: Cloud, On-Premise

North America was the largest region in the digital banking platforms market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital banking platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7365&type=smp

Major Driver Impacting Market Growth
The shift in trend from traditional banking to online banking is expected to propel the growth of the digital banking platform market going forward. Online banking refers to an electronic payment system that enables customers to conduct a range of financial transactions through a website or payment app. Online banking helps improve services and increase profits, causing financial institutions to shift their focus to digital banking, resulting in the growth of the digital banking platform market. For instance, according to India Brand Equity Foundation, an Indian government export promotion agency, by 2025, India’s fintech market is expected to reach Rs. 6.2 trillion (USD 83.42 billion). Fintech financial services are responsible for transforming the banking system into various digital channels, such as online channels and social channels. Therefore, the shift in trend from traditional banking to online banking is driving the digital banking platform market growth.

Key Industry Players
Major companies operating in the digital banking platform market report are Appway AG, Crealogix Holding AG, EdgeVerve Systems Limited, Fiserv Inc., Oracle Corporation, SAP SE, Sopra Steria, Temenos AG, Worldline SA, Cor Financial Solution Ltd., Fidelity National Information Services Inc., Vsoft Corporation, Apiture, The Bank of New York Mellon Corporation, CR2 Ltd, Alkami Technology Inc., Finastra Group Holdings Limited, Urban FT Group Inc., Q2 Software Inc., Sopra Banking Software SA, Tata Consultancy Services Limited, Backbase B. V., ebankIT- Sistemas de Informação S. A., Intellect Design Arena, Mambu GmbH, MuleSoft LLC, nCino Inc., National Cash Register Corporation, NETinfo Plc, Technisys S. A.

The digital banking platform market report table of contents includes:

1. Executive Summary
2.Digital Banking Platform Market Characteristics
3.Digital Banking Platform Market Trends And Strategies
4.Digital Banking Platform market analysis
5.Digital Banking Platform Market Size And Growth
6.Digital Banking Platform Segmentation
7.Digital Banking Platform Regional And Country Analysis
.
.
.
27.Digital Banking Platform Competitive Landscape And Company Profiles
28.Digital Banking Platform Key Mergers And Acquisitions
29.Digital Banking Platform Future Outlook and Potential Analysis

Explore the trending research reports from TBRC:

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