Digital Banking

Global Digital Banking Market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025

Report ID: BMRC 847 | Number of pages: 199 | Publish Date: Aug 2019 | Category: BFSI
Global Digital Banking Market is valued at USD 6542.6 Million in 2018 and expected to reach USD 8726.2 Million by 2025 with the CAGR of 4.2% over the forecast period. Increasing adoption of online and mobile banking platforms is driving the growth of Global Digital Banking Market.

Digital banking is a type of banking done through the digital platform by using advance technology. Digital banking includes the traditional banking activities and paperwork like cheques, pay-in slips, demand drafts, and etc. Digital banking makes the all traditional banking activities available all the time without having personal visit to bank branch. In digital banking, customer can access the different type of activities like money deposits, withdrawals, and transfers, checking/saving account management, applying for financial products, loan management, bill pay and account services. Due to the 4G, 5G internet availability, digital banking can be done either through a laptop, tablet or your mobile phone. Moreover, digital banking is highly convenient for working class, elderly people, to carry out their bank work from the comfort of their homes and receive alerts for payments which are due through apps and emails and number. The proven efficacy and improving acceptance of this technology are expected to lead the surge in the market demand for it during the forecast period.

Global Digital Banking Market report is segmented on the basis of type, mode, deployment type and regional & country level. Based on type, global digital banking market is classified as retail banking and corporate banking. Based on mode, global digital banking market is classified as online banking and mobile banking. Based on deployment, global digital banking market is classified as on-premises and cloud.

The regions covered in this Digital Banking market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of digital banking is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc. 

Key Players for Global Digital Banking Market Report:Global Digital Bankingmarket report covers prominent players like Appway, Backbase, CREALOGIX , ebanklT, EdgeVerve, Intellect Design Arena, Finastra, ieDigital, ETRONIKA, Fidor, Fiserv, Halcom, NETinfo, Kony, NF Innova, Oracle, SAB, SAP, Sopra, Tagit, TCS, Technisys, Temenos, BNY Mellon, Worldline and others.

Global Digital Banking Market Dynamics:Increasing adoption of smartphones, internet penetration and increasing government initiatives are major factors driving the growth of global digital banking market. For example, in 2018; globally approximately 6.8 billion Peoples are using mobile phones account from which 3.5 billion people are using mobile with bank account. Due to the fast lifestyle, people have no time to traditional banking meant visiting the banks for each and every transaction and keeping track of the account history through all paper statements which is the another factor fostering the market growth. Digital banking have many advantages such as; people can save on the travel time and conveyance money, customer can do the transaction whenever it is convenient and customer can get there account history on their emails  and etc. 

However, different security risk like, identity theft, card skimming, viruses and Trojans, spyware and adware, social engineering ,website cloning and cyber stalking may hinder the digital banking market. For example, according to NetGuardians, in 2016; a criminal gang penetrated the security systems of Bangladesh Bank with malware that cloned legitimate transactions. The malware sent 35 withdrawal requests through the international SWIFT system to the New York Federal Reserve, where the Bangladeshi central bank had money on deposit. The fraudsters attempted to steal a total of $951m. Moreover, change in technological solutions along with the higher importance on comfort through connected devices can provide new opportunities for the digital banking market globally.

Global Digital Banking Market Regional Analysis:North America dominates the digital banking market due to high prevalence of technological advancement and high focused on innovation in technology. Asia Pacific is the emerging market in global digital banking market due to the increasing prevalence of electronic & mobile payment solution in this region especially in the Australia, New Zealand, Singapore and china are the emerging market. 

According to FintechNews; 15 Asia Pacific countries, 52 percent of urban bank customers in emerging countries used digital banking services last year. In China, mobile payments maintained a rapid growth momentum in China in 2016 while online payments were also growing rapidly. The supportive government policies and initiatives in the emerging economies including India and China are also supplementing the digital banking market growth in this region. 
Europe digital banking market is expected to foster by the rapid surge in e-commerce in this region. Approximately, 38% of the smartphone users use the mobile applications for operating their bank accounts in this region. 

Global Digital Banking Market Segmentation:–

By Type: 

•	Retail Banking
•	Corporate Banking

By Modes:

•	Online Banking
•	Mobile Banking

By Deployment Type:

•	On Premises
•	Cloud

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?
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Table of Content
1. Chapter - Report Methodology
1.1. Research Process 
1.2. Primary Research 
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model 
1.7. USP’s of Report 
1.8. Report Description 
2. Chapter – Global Digital Banking Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary 
2.3. Global Digital Banking Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Digital Banking Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis 
2.9.1. Market Attractiveness Analysis by Segmentation 
2.9.2. Market Attractiveness Analysis by Region 
3. Chapter - Global Digital Banking Market Overview: Quantitative Analysis
3.1. Global Digital Banking Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2014- 2025
3.2. Global Digital Banking Market Revenue Market Share (%), 2014- 2025
3.3. Global Digital Banking Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2014- 2025
3.4. Global Digital Banking Market Sales Market Share (%), 2014- 2025
4. Chapter – Global Digital Banking Market Analysis: By Type
5. Chapter – Global Digital Banking Market Analysis: By Modes
6. Chapter – Global Digital Banking Market Analysis: By Deployment Type
7. Chapter - Global Digital Banking Market Analysis: By Manufacturer 
7.1. Global Digital Banking Market Revenue (USD Million), by Manufacturer, 2014 - 2025
7.2. Global Digital Banking Market Share (%), by Manufacturer, 2018
7.3. Global Digital Banking Market Sales (Number of Units), by Manufacturer, 2014 - 2025
7.4. Global Digital Banking Market Share (%), by Manufacturer, 2018
7.5. Global Digital Banking Market Price (USD/Unit), by Manufacturer, 2014 - 2025
7.6. Global Digital Banking Market Revenue Growth Rate (%), by Manufacturer, 2014 – 2025
7.7. Merger & Acquisition
7.8. Collaborations and Partnership
7.9. New Product Launch
8. Chapter –Digital Banking Market: Regional Analysis
8.1. North America
8.1.1. North America Digital Banking Market Revenue (USD Million) and Growth Rate (%), 2014 – 2025.
8.1.2. North America Digital Banking Market Revenue (USD Million) By Country, 2014 – 2025.
8.1.3. North America Digital Banking Revenue Market Share (%) By Country, 2014 – 2025.
8.1.4. North America Digital Banking Market Revenue (USD Million) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.1.5. North America Digital Banking Market Revenue (USD Million), Market Share (%) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.1.6. North America Digital Banking Market Sales (Number of Units) and Growth Rate (%), 2014 – 2025.
8.1.7. North America Digital Banking Market Sales (Number of Units) By Country, 2014 – 2025.
8.1.8. North America Digital Banking Sales Market Share (%) By Country, 2014 – 2025.
8.1.9. North America Digital Banking Market Sales (Number of Units) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.1.10. North America Digital Banking Market Sales (Number of Units), Market Share (%) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.2. Europe
8.3. Asia Pacific
8.4. Latin America
8.5. Middle East & Africa
9. Chapter - Company Profiles
9.1. Appway
9.1.1. Overview
9.1.2. Financials
9.1.3. Product portfolio
9.1.4. Digital Banking Market Revenue (USD Million) and Market Share (%), 2014 - 2018
9.1.5. Digital Banking Sales Market Share (%), 2014 - 2018
9.1.6. Business strategy
9.1.7. Recent developments
9.2. Backbase
9.3. CREALOGIX 
9.4. ebanklT
9.5. EdgeVerve
9.6. Intellect Design Arena
9.7. Finastra
9.8. ieDigital
9.9. ETRONIKA
9.10. Fidor
9.11. Fiserv
9.12. Halcom
9.13. NETinfo
9.14. Kony
9.15. NF Innova
9.16. Oracle
9.17. SAB
9.18. SAP
9.19. Sopra
9.20. Tagit 
9.21. TCS
9.22. Technisys
9.23. Temenos
9.24. BNY Mellon
9.25. Worldline 
9.26. Others
10. Chapter – Market Research and Findings