ASIA: +91 96043 17127 | USA: 1 (347) 690-0211 | Translate : 

Home / All latest News / Global Digital Banking Market

Global Digital Banking Market Revenue Estimated Around USD 13.9 Billion by 2026

06-Jan-2020 | Facts and Factors

Facts and Factors Market Research has published a new report titled “Digital Banking Market By Component (Platforms & Services), By Banking Type (Retail Banking, Corporate Banking, & Investment Banking), By Services (Transactional Services & Non-Transactional Services), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026”. According to the report, the global Digital Banking Market is predicted to be valued at approximately USD 7.9 Billion in 2020 and is expected to reach a value of around USD 13.9 Billion by 2026, at a CAGR of around 9.9% between 2021 and 2026.

Digital banking is the automation of banking activities in which all the banking facilities can be availed as well as provided through the use of the internet. Traditionally, all the services offered by the banks were made available to the consumers by the nominated representatives. Nonetheless, with the beginning of the digital banking era, customers can access financial data and avail personalized banking services with the help of their mobile phones or desktops.

Request Sample Request Customization Buy Now

Browse the full “Digital Banking Market By Component (Platforms & Services), By Banking Type (Retail Banking, Corporate Banking, & Investment Banking), By Services (Transactional Services & Non-Transactional Services), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” Report at https://www.fnfresearch.com/digital-banking-market-by-banking-type-retail-banking-100

Furthermore, digital banking encompasses high levels of mechanized processes and web-based solutions. Moreover, digital banking services also include an application programming interface that facilitates the effective delivery of banking products & services along with improving the speed & proficiency of the banking transactions. Digital banking activities also aid businesses to easily transfer the payments from one banking account to another one.

Beneficial features to drive the market trends over the forecast period

The growth of the digital banking industry is credited to its easy access, reduced costs, and optimum utilization by the customers. Moreover, the massive acceptance of digital banking activities across the globe will further proliferate business growth. Furthermore, banks are launching new services like internet banking, mobile banking, and SMS banking to proficiently fulfill the end-user requirements.

Apparently, prominent utilization of digital equipment in effectively handling business, burgeoning demand for cloud-based services, and a mounting number of smartphone devices are the key aspects likely to steer the expansion of the digital banking market over the forecast timeline. However, a low level of organized internet infrastructure facility along with the growing security concerns is a few of the challenges that can diminish the growth of the industry during the forecast period.

Retail banking to dominate the banking type segment over the forecast period

The growth of the retail banking segment during the period from 2019 to 2027 is owing to the large-scale acceptance of mobile payment services by the customers.

Payments segment to contribute majorly towards the overall market revenue share by 2027

Digitization in the payment sector has helped in improving the efficiency of banking activities. Apart from this, the escalating demand for cashless transactions among the end-users has lucratively influenced the expansion of digital banking. Moreover, digitization of the payment activities saves time, cost of delivery, reduces risks, and enhances the security of the deals.

North America to account for the major revenue chunk of the overall market share by 2027

The growth of the regional market is due to the acceptance of new technologies and a large focus on innovation in banking services. Apart from this, the massive utilization of digital banking tools in countries like Canada and the U.S. will push the regional market growth trends over the forecast timeframe.

Top Market Players

The key market participants for the global digital banking market are Alkami, Apiture, Appway, Backbase, BNY Mellon, Intellect Design Area, EdgeVerve, ebankIT, Finastra, Fiserv, Oracle, MuleSoft, nCino, NCR, NETinfo, SAP, Sopra Banking Software, TCS, Technisys, Temenos, TPS, Velmie, Worldline, JPMorgan Chase, China Merchants Bank, Wells Fargo, and HSBC Group, among others.

This report segments the Digital Banking market as follows:

Global Digital Banking Market: By Component Segment Analysis

  • Platforms
  • Services
    • Professional Services
    • Managed Services

Global Digital Banking Market: By Banking Type Segment Analysis

  • Retail Banking
  • Corporate Banking
  • Investment Banking

Global Digital Banking Market: By Services Segment Analysis

  • Transactional Services
    • Cash Deposits & Withdrawals
    • Fund Transfers
    • Auto-Debit/Auto-Credit Services
    • Loans
  • Non-Transactional Services
    • Information Security
    • Risk Management
    • Financial Planning
    • Stock Advisory

Global Digital Banking Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985

Email: sales@fnfresearch.com

Web: https://www.fnfresearch.com

report img

Virtual Communication Market

[215+ Pages Report] As per the Facts and Factors market research report, the globalvirtual communication market generated sales revenue of USD 7.50 Billion in ...

Published Date : 28-Sep-2021 | | Category : Technology & Media | Pages : 215 | Format : Read more

Inquiry for Buying Request Sample
report img

Team Collaboration Software Market

[197+ Pages Report] As per the Facts and Factors market research report, the globalteam collaboration software market generated sales revenue of USD 11. ...

Published Date : 28-Sep-2021 | | Category : Technology & Media | Pages : 197 | Format : Read more

Inquiry for Buying Request Sample