Maharashtra, India -- (SBWIRE) -- 02/14/2019 -- Digital Banking Market
Summary
This report studies the Digital Banking market. In contrast to the traditional banking business model, Digital Banking is the move to online banking where banking services are delivered over the internet. It has all the same functions as a head office, branch office, online service, bank cards, ATM and point of sale machines.
The global Digital Banking market is valued at 5180 million USD in 2018 and is expected to reach 12800 million USD by the end of 2024, growing at a CAGR of 16.3% between 2019 and 2024.
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Scope of the Report:
United States is the largest countries of digital banking in the world in the past few years and it will keep increasing in the next few years. North America market took up about 48.73% the global market in 2017, while Europe and Asia-Pacific were about 30.22%, 16.54%.
Europe countries like Germany, UK and Spain are developing fast, so does India, which is offering service for many banks and other corporations. There are a few vendors developing digital banking in China, such as IT companies Huawei, Sunline are participating the digital banking business, and they may show a rapid development.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Banking.
Market Segment by Companies, this report covers
Urban FT, Kony, Backbase, Technisys, Infosys, Digiliti Money, Innofis, Mobilearth, D3 Banking Technology, Alkami, Q2, Misys, SAP
Market Segment by Type, covers
PC
Mobile
Market Segment by Applications, can be divided into
Retail Digital Banking
SME Digital Banking
Corporate Digital Banking
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
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Technological Advancements
The latest and advanced technologies used in the Digital Banking Market can be helpful for collaborative seminars, meetings, lectures, and training for industry professionals. Furthermore, in order to introduce advanced products or solutions, leading competitors are expected to concentrate on product innovation through continuous investments in product development.
Key Benefits:
1.The research report provides a detailed analysis of the Digital Banking Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Digital Banking Market is provided.
3.Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4.The qualitative and quantitative analysis of the market from 2019 to 2024 is provided to put forth the market potential.
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Overall, this Digital Banking market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.
Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Digital Banking market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for Digital Banking?
What are the key outcomes of Porter's five forces analysis of the Digital Banking market?
Conclusion:
The report concludes with the profiles of major players in the Digital Banking Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and do on., as well as the latest development trends of the Market.
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