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Report
Digital Banking Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 150 Pages I IMARC Group
Market Overview:
The global digital banking platform market size reached US$ 5.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.5% during 2023-2028.
A digital banking platform (DBP) refers to financial services provided solely online by banks. It relies on process automation, application programming interfaces (APIs), and web-based services to serve customers through online channels. DBP involves the digitization of all traditional banking services and products, including funds transfer, bill payments, cash withdrawals, loan management, and opening deposit accounts. It also offers features and capabilities, such as checking and savings account, real-time transaction notifications, scheduling expenditures, obtaining bank statements, promoting cardless payments, and remotely monitoring personal finance management (PFM) and account-to-account (A2A) payments. DBP is easy, convenient, and quick to use and enables users to control and handle everyday financial operations using mobile phones, laptops, and desktops.
Digital Banking Platform Market Trends:
The increasing shift from traditional banking to online banking platforms represents one of the major factors driving the market growth. DBP provides instant transactions with enhanced security to the customer, thus making the platform more reliable and efficient. In line with this, the increasing penetration of the internet and smartphones due to the growing need for improved transparency and flexibility in banking operations is favoring the market growth. Apart from this, the utilization of machine learning (ML) and artificial intelligence (AI) in digital banking platforms to detect and prevent payment frauds, assess risks, improve processes for anti-money laundering (AML), and perform know-your-customer (KYC) regulatory checks are providing an impetus to the market growth. Additionally, the increasing demand for enhanced customer experience and convenience and the widespread adoption of cloud-based solutions by banks and financial institutions to obtain higher scalability is creating a positive outlook for the market. Other factors, including extensive research and development (R&D) activities and the implementation of various government initiatives promoting a cashless economy, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital banking platform market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, deployment mode and banking mode.
Breakup by Component:
Solutions
Services
Breakup by Type:
Retail Banking
Corporate Banking
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Banking Mode:
Online Banking
Mobile Banking
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Appway AG (FNZ (UK) Ltd.), Fidelity Information Services (FIS), Finastra Limited, Fiserv Inc., Infosys Limited, nCino, NCR Corporation, Oracle Corporation, SAP SE, Sopra Steria, Tata Consultancy Services Limited, Temenos AG, The Bank of New York Mellon Corporation and Worldline.
Key Questions Answered in This Report
1. How big is the global digital banking platform market?
2. What is the expected growth rate of the global digital banking platform market during 2023-2028?
3. What are the key factors driving the global digital banking platform market?
4. What has been the impact of COVID-19 on the global digital banking platform market?
5. What is the breakup of the global digital banking platform market based on the component?
6. What is the breakup of the global digital banking platform market based on the type?
7. What is the breakup of the global digital banking platform market based on the deployment mode?
8. What is the breakup of the global digital banking platform market based on the banking mode?
9. What are the key regions in the global digital banking platform market?
10. Who are the key players/companies in the global digital banking platform market?
1Preface
2Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3Executive Summary
4Introduction
4.1Overview
4.2Key Industry Trends
5Global Digital Banking Platform Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6Market Breakup by Component
6.1Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Services
6.2.1 Market Trends
6.2.2 Market Forecast
7Market Breakup by Type
7.1Retail Banking
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Corporate Banking
7.2.1 Market Trends
7.2.2 Market Forecast
8Market Breakup by Deployment Mode
8.1On-premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
9Market Breakup by Banking Mode
9.1Online Banking
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Mobile Banking
9.2.1 Market Trends
9.2.2 Market Forecast
10Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12Value Chain Analysis
13Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14Price Analysis
15Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.1Appway AG (FNZ (UK) Ltd.)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2Fidelity Information Services (FIS)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3Finastra Limited
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4Fiserv Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5Infosys Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6nCino
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7NCR Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8Oracle Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9SAP SE
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10Sopra Steria
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11Tata Consultancy Services Limited
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12Temenos AG
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13The Bank of New York Mellon Corporation
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14Worldline
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
Figure 1: Global: Digital Banking Platform Market: Major Drivers and Challenges
Figure 2: Global: Digital Banking Platform Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Digital Banking Platform Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Digital Banking Platform Market: Breakup by Component (in %), 2022
Figure 5: Global: Digital Banking Platform Market: Breakup by Type (in %), 2022
Figure 6: Global: Digital Banking Platform Market: Breakup by Deployment Mode (in %), 2022
Figure 7: Global: Digital Banking Platform Market: Breakup by Banking Mode (in %), 2022
Figure 8: Global: Digital Banking Platform Market: Breakup by Region (in %), 2022
Figure 9: Global: Digital Banking Platform (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Digital Banking Platform (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Digital Banking Platform (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Digital Banking Platform (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Digital Banking Platform (Retail Banking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Digital Banking Platform (Retail Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Digital Banking Platform (Corporate Banking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Digital Banking Platform (Corporate Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Digital Banking Platform (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Digital Banking Platform (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Digital Banking Platform (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Digital Banking Platform (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Digital Banking Platform (Online Banking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Digital Banking Platform (Online Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Digital Banking Platform (Mobile Banking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Digital Banking Platform (Mobile Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia-Pacific: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia-Pacific: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: Digital Banking Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: Digital Banking Platform Market: Breakup by Country (in %), 2022
Figure 73: Middle East and Africa: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Global: Digital Banking Platform Industry: SWOT Analysis
Figure 75: Global: Digital Banking Platform Industry: Value Chain Analysis
Figure 76: Global: Digital Banking Platform Industry: Porter's Five Forces Analysis
Table 1: Global: Digital Banking Platform Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Digital Banking Platform Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Digital Banking Platform Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Digital Banking Platform Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 5: Global: Digital Banking Platform Market Forecast: Breakup by Banking Mode (in Million US$), 2023-2028
Table 6: Global: Digital Banking Platform Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Digital Banking Platform Market: Competitive Structure
Table 8: Global: Digital Banking Platform Market: Key Players
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