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DIGITAL BANKING

Global Market Trajectory & Analytics

MCP-6073

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

34613
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

2769
Interactions with Platform & by Email

PARTICIPANTS

692
Unique # Participated

VALIDATIONS

311
Responses Validated*
* Login to view program details and full enterprise executive list.

DATE

SEPTEMBER 2020

TABLES

102

PAGES

310

EDITION

19

PRICE

USD $5600


The global market for Digital Banking is projected to reach US$22.3 billion by 2025, driven by the growing base of internet users equipped with smart phones, mobile internet connections, and an insatiable appetite for convenience. The rapidly digitalizing lifestyle of modern consumers has ensured rapid penetration and easy, affordable access to internet and smart phones. Developments in mobile app ecosystem, secure payment gateways and other digital banking tools are pushing up adoption of mobile banking. Underpinning the digital revolution, a large number of banks will begin offering retail banking services through smart phones, tablets, PCs and smart watches by the year 2022. Convenience has and will remain the key force driving the change in consumer banking habits. Digital banking refers to the end-to-end digitization of a bank and all its activities, functions and programs, right from product development through to customer service. Digital banking not only involves digitizing the services and products of a bank at front- but also entails automating the banking processes at the back-end and connecting the front-end and back-end silos with proper middleware. Digital banking therefore emphasizes a complete transformation to a digital environment, including front-end and back-end and everything in between, at both bank customer as well as employee level. In the digital bank ecosystem, web based platforms functioning along with process automation tools and cross institutional service embedded with APIs, strive to deliver complete line of banking solutions and carry out online transactions in a seamless and cohesive manner. To ensure a comprehensive workflow and to improve and enhance the customer's experience, the digital bank environment embraces all the new technologies including big data, Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP) and analytics. Digital banking offers numerous benefits to banking entities as well as banking customers. Key benefits offered by digital banking include cost savings, increased accuracy, business efficiency, greater agility, improved competitiveness, and enhanced security.

Supportive government initiatives and policies and emergence of new and innovative technologies on an ongoing basis constitute other major drivers for the market. A growing number of banking & financial service firms are moving towards digital platforms to offer their services acknowledging the high penetration rate of internet and Internet-connected devices such as smart phones. The rapidly increasing speed, bandwidth, storage capacity and on-demand computing capabilities offered by the Internet is fueling banking entities to shift towards online business models, emphasizing transactions and payments through debit and credit cards and third party providers such as PayPal. With mobile Internet services providing access to various online portals and banking apps on-the-go, customers are now able to access online banking portals and make instantaneous transactions through online banking and debit/credit card credentials. At the same time, intense pressure on banking firms to minimize operating costs in order to stay competitive is also having a major bearing on uptake of digital banking solutions. Digital banking continues to gain traction among banking firms by enabling them to keep systems up-to-date, offer modified services at minimal costs and an improved customer experience. Banking entities are also leaning towards digital solutions amid rapidly rising demand for non-transactional services due to the ease of operation and cost-effectiveness of such services.
Appway AG; Backbase; EdgeVerve Systems Limited; Fidor Solutions AG; Fiserv, Inc.; NETinfo PLC; NF Innova; Oracle Corporation; SAP AG; Tata Consultancy Services Limited; Technisys; Temenos Group AG.
» Type (Retail Banking, Corporate Banking, and Investment Banking) » Solution (Payments, Processing Services, Customer & Channel Management, Risk Management, and Other Solutions) » Technology (Cloud-based, BaaS, BaaP, White Label Banking, and Chatbots)
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

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05
1. MARKET OVERVIEW
An Introduction to Digital Banking
Digital Banking: Current Market Scenario and Outlook
Analysis by Technology Type
Cloud-Based Solutions: Largest & Fastest Growing Technology Type
Baas & BaaP Emerge to Drive Next Wave of Growth in Digital Banking
White Label Banking: Niche Segment
Chatbots Seek Prominent Role
Competitive Scenario
Major Players in the Digital Banking Market
Recent Market Activity
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Appway AG (Switzerland)
Backbase (Netherlands)
EdgeVerve Systems Limited (India)
Fidor Solutions AG (Germany)
Fiserv, Inc. (USA)
NETinfo PLC (Cyprus)
NF Innova (Austria)
Oracle Corporation (USA)
SAP AG (Germany)
Tata Consultancy Services Limited (India)
Technisys (USA)
Temenos Group AG (Switzerland)
3. MARKET TRENDS & DRIVERS
In This Age of Digitalization, Digital Banking Acquires Significance
EXHIBIT: Global Digital Transformation Opportunity (In US$ Billion) for the Years 2019, 2021 and 2023
The Healthy Internet Economy Creates Fertile Ground for Digital Banking Market
EXHIBIT: Global Internet Users in Billion for the Years 2014 through 2020
Increasing Use of Smartphones Encourages Adoption of Digital Banking
EXHIBIT: Smartphone Users as % of Global Population for the Period 2018-2022
Rapid 4G LTE Penetration Provides the Platform for Future Growth
Developments in Mobile Wallet & Payment Apps Bode Well
Global Efforts to Go Cashless Instigates Broad-based Opportunities
EXHIBIT: Global Non-Cash Transactions in Billion by Geographic Region for the Years 2016 and 2020
The Rise of Customer Self-Service Tilts Digital Banking Technologies into the Mass Adoption Stage
Rapid Growth in eCommerce and mCommerce Spurs Consumer Appetite for Digital Banking
EXHIBIT: Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
EXHIBIT: Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
EXHIBIT: Leading Retail E-Commerce Countries Worldwide: Ranked by Sales (in $ Billion) for the Year 2019
EXHIBIT: Global Retail M-Commerce Market: Sales in $ Trillion for the Years 2017, 2019, 2021 and 2023
AI & ML Come to the Fore to Reinforce Digital Banking Ecosystem
Millennials: Key Demographic Steering Adoption of Digital Banking
Growing Focus on Environmental Sustainability to Benefit Digital Banking
Developments in Internet Security: Primary Compulsion for Market Expansion
4. GLOBAL MARKET PERSPECTIVE
Digital Banking Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
Digital Banking Market Share Shift across Key Geographies Worldwide: 2019 VS 2025
Retail Banking (Type) World Market by Region/Country in US$ Million: 2018 to 2025
Retail Banking (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
Corporate Banking (Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025
Corporate Banking (Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025
Investment Banking (Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025
Investment Banking (Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Payments (Solution) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025
Payments (Solution) Market Share Breakdown by Region/Country: 2019 VS 2025
Processing Services (Solution) World Market by Region/Country in US$ Million: 2018 to 2025
Processing Services (Solution) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Customer & Channel Management (Solution) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025
Customer & Channel Management (Solution) Market Percentage Share Distribution by Region/Country: 2019 VS 2025
Risk Management (Solution) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2018 to 2025
Risk Management (Solution) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Other Solutions (Solution) World Market by Region/Country in US$ Million: 2018 to 2025
Other Solutions (Solution) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
Cloud-based (Technology) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025
Cloud-based (Technology) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025
BaaS (Technology) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025
BaaS (Technology) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
BaaP (Technology) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025
BaaP (Technology) Market Share Breakdown by Region/Country: 2019 VS 2025
White Label Banking (Technology) World Market by Region/Country in US$ Million: 2018 to 2025
White Label Banking (Technology) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Chatbots (Technology) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025
Chatbots (Technology) Market Percentage Share Distribution by Region/Country: 2019 VS 2025
GEOGRAPHIC MARKET ANALYSIS
United States
The United States: Major Market for Digital Banking Technologies
United States Digital Banking Market Estimates and Projections in US$ Million by Type: 2018 to 2025
United States Digital Banking Market Share Breakdown by Type: 2019 VS 2025
United States Digital Banking Market Estimates and Projections in US$ Million by Solution: 2018 to 2025
United States Digital Banking Market Share Breakdown by Solution: 2019 VS 2025
Digital Banking Market in US$ Million in the United States by Technology: 2018-2025
United States Digital Banking Market Share Breakdown by Technology: 2019 VS 2025
Canada
Canadian Digital Banking Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025
Digital Banking Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025
Canadian Digital Banking Market Estimates and Forecasts in US$ Million by Solution: 2018 to 2025
Digital Banking Market in Canada: Percentage Share Breakdown of Sales by Solution for 2019 and 2025
Digital Banking Market Analysis in Canada in US$ Million by Technology: 2018-2025
Canadian Digital Banking Market Share Breakdown by Technology: 2019 VS 2025
Japan
Japanese Market for Digital Banking: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025
Japanese Digital Banking Market Share Analysis by Type: 2019 VS 2025
Japanese Market for Digital Banking: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2018-2025
Japanese Digital Banking Market Share Analysis by Solution: 2019 VS 2025
Japanese Medium & Long-Term Outlook for Digital Banking Market in US$ Million by Technology: 2018-2025
Japanese Digital Banking Market Percentage Share Distribution by Technology: 2019 VS 2025
China
Chinese Digital Banking Market Growth Prospects in US$ Million by Type for the Period 2018-2025
Chinese Digital Banking Market by Type: Percentage Breakdown of Sales for 2019 and 2025
Chinese Digital Banking Market Growth Prospects in US$ Million by Solution for the Period 2018-2025
Chinese Digital Banking Market by Solution: Percentage Breakdown of Sales for 2019 and 2025
Digital Banking Market Estimates and Forecasts in China in US$ Million by Technology: 2018-2025
Digital Banking Market in China: Percentage Share Analysis by Technology for 2019 and 2025
Europe
European Digital Banking Market Demand Scenario in US$ Million by Region/Country: 2018-2025
European Digital Banking Market Share Shift by Region/Country: 2019 VS 2025
European Digital Banking Market Estimates and Forecasts in US$ Million by Type: 2018-2025
European Digital Banking Market Share Breakdown by Type: 2019 VS 2025
European Digital Banking Market Estimates and Forecasts in US$ Million by Solution: 2018-2025
European Digital Banking Market Share Breakdown by Solution: 2019 VS 2025
European Digital Banking Market Assessment in US$ Million by Technology: 2018-2025
Digital Banking Market in Europe: Percentage Breakdown of Sales by Technology for 2019 and 2025
France
Digital Banking Market in France by Type: Estimates and Projections in US$ Million for the Period 2018-2025
French Digital Banking Market Share Analysis by Type: 2019 VS 2025
Digital Banking Market in France by Solution: Estimates and Projections in US$ Million for the Period 2018-2025
French Digital Banking Market Share Analysis by Solution: 2019 VS 2025
French Digital Banking Market Estimates and Projections in US$ Million by Technology: 2018-2025
French Digital Banking Market Share Breakdown by Technology: 2019 VS 2025
Germany
Digital Banking Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2018-2025
German Digital Banking Market Share Breakdown by Type: 2019 VS 2025
Digital Banking Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Solution for the Period 2018-2025
German Digital Banking Market Share Breakdown by Solution: 2019 VS 2025
German Digital Banking Latent Demand Forecasts in US$ Million by Technology: 2018-2025
German Digital Banking Market Share Breakdown by Technology: 2019 VS 2025
Italy
Italian Digital Banking Market Growth Prospects in US$ Million by Type for the Period 2018-2025
Italian Digital Banking Market by Type: Percentage Breakdown of Sales for 2019 and 2025
Italian Digital Banking Market Growth Prospects in US$ Million by Solution for the Period 2018-2025
Italian Digital Banking Market by Solution: Percentage Breakdown of Sales for 2019 and 2025
Digital Banking Market Estimates and Forecasts in Italy in US$ Million by Technology: 2018-2025
Digital Banking Market in Italy: Percentage Share Analysis by Technology for 2019 and 2025
United Kingdom
United Kingdom Market for Digital Banking: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025
United Kingdom Digital Banking Market Share Analysis by Type: 2019 VS 2025
United Kingdom Market for Digital Banking: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2018-2025
United Kingdom Digital Banking Market Share Analysis by Solution: 2019 VS 2025
United Kingdom Medium & Long-Term Outlook for Digital Banking Market in US$ Million by Technology: 2018-2025
United Kingdom Digital Banking Market Percentage Share Distribution by Technology: 2019 VS 2025
Rest of Europe
Rest of Europe Digital Banking Market Estimates and Forecasts in US$ Million by Type: 2018-2025
Rest of Europe Digital Banking Market Share Breakdown by Type: 2019 VS 2025
Rest of Europe Digital Banking Market Estimates and Forecasts in US$ Million by Solution: 2018-2025
Rest of Europe Digital Banking Market Share Breakdown by Solution: 2019 VS 2025
Rest of Europe Digital Banking Market Assessment in US$ Million by Technology: 2018-2025
Digital Banking Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2019 and 2025
Asia-Pacific
Digital Banking Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2018-2025
Asia-Pacific Digital Banking Market Share Analysis by Type: 2019 VS 2025
Digital Banking Market in Asia-Pacific by Solution: Estimates and Projections in US$ Million for the Period 2018-2025
Asia-Pacific Digital Banking Market Share Analysis by Solution: 2019 VS 2025
Asia-Pacific Digital Banking Market Estimates and Projections in US$ Million by Technology: 2018-2025
Asia-Pacific Digital Banking Historic Market Analysis in US$ Million by Technology: 2019 VS 2025
Rest of World
Rest of World Digital Banking Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025
Digital Banking Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025
Rest of World Digital Banking Market Estimates and Forecasts in US$ Million by Solution: 2018 to 2025
Digital Banking Market in Rest of World: Percentage Share Breakdown of Sales by Solution for 2019 and 2025
Digital Banking Market Analysis in Rest of World in US$ Million by Technology: 2018-2025
Rest of World Digital Banking Market Share Breakdown by Technology: 2019 VS 2025
Total Companies Profiled : 59

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