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Digital Banking Platforms Market by Banking Type (Retail Banking and Corporate Banking), Banking Mode (Online Banking and Mobile Banking), Deployment Type (On-Premises and Cloud), and Region - Global Forecast to 2023

Digital Banking Platforms Market by Banking Type (Retail Banking and Corporate Banking), Banking Mode (Online Banking and Mobile Banking), Deployment Type (On-Premises and Cloud), and Region - Global Forecast to 2023

The digital banking platform market is projected to grow at a CAGR of 11.2% from 2018 to 2023
The digital banking platforms market is projected to grow from USD 3.3 billion in 2018 to USD 5.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period. The growing demand among banks to deliver enhanced customer experience, the increasing adoption of cloud-based platforms to obtain higher scalability, and the rising adoption of smartphones and tablets are expected to drive the growth of the digital banking platforms market. The major factor that restricts the market growth is the difficulty in integrating digital banking platforms with legacy systems.

Based on banking types, the retail banking segment is expected to account for the major market size during the forecast period
The retail banking segment is estimated to dominate the digital banking platforms market in 2018. Retail banking has emerged as an essential enabler in the digital banking platforms market to translate banking models across the globe. The digital revolution has led to a disrupted marketplace with changing customer behaviors and expectations, emerging competitors, and innovative technologies. With the increasing number of channels, financial institutions are changing their operating processes to provide customers with premium services and improve their account management.

Based on banking modes, the mobile banking segment is expected to grow at a higher CAGR during forecast period
Based on banking modes, the mobile banking segment is expected to grow at a higher CAGR during forecast period. Mobile banking platforms offer a responsive User Interface (UI) and support the bank customers’ entire banking journey, right from onboarding to transactional banking requests, on their mobile devices. Banks are rapidly adopting mobile banking platforms, owing to their changing preference toward mobile banking.

North America is expected to lead the digital banking platforms market in 2018
The North American region is expected to lead the digital banking platforms market in 2018. The US and Canada are the key countries considered for the North American market analysis. These countries have a major dominance, with sustainable and well-established economies, which empower them to strongly invest in R&D activities, thereby contributing to the development of new technologies in the digital banking platforms market.

Breakdown of profiles of primary participants:
By Company Type: Tier 1 - 20%, Tier 2 - 42%, and Tier 3 - 38%
By Designation: C Level - 55%, and Director Level - 38%, and Others - 7%,
By Region: North America - 35%, Europe - 25%, Asia Pacific (APAC) - 17%, and RoW - 23%

Key players operating in the digital banking platforms market include Appway (Switzerland), Backbase (Netherlands), CREALOGIX (Switzerland), ebanklT (England), EdgeVerve (India), Intellect Design Arena (India), Finastra (UK), ieDigital (England), ETRONIKA (Lithuania), Fidor (Germany), Fiserv (US), Halcom (Slovenia), NETinfo (Cyprus), Kony (US), NF Innova (Austria), Oracle (US), SAB (France), SAP (Germany), Sopra (France), Tagit (Singapore), TCS (India), Technisys (US), Temenos (Switzerland), BNY Mellon (US), and Worldline (France).

Research coverage
This research study covers the segmentation of the digital banking platforms market by banking type, banking mode, deployment type, and region. These segments are mapped across various regions, such as North America, Europe, APAC, Middle East and Africa (MEA), and Latin America. The report provides in-depth market intelligence regarding the key factors, such as drivers, opportunities, and challenges influencing the growth of the digital banking platforms market across the globe. It also offers an analysis of the micromarkets with respect to individual growth trends, prospects, and their contribution to the overall digital banking platforms market.

Reasons to buy the report:
From an insight perspective, the digital banking platforms market report focuses on various levels of analysis — market share analysis of the top players and company profiles, which together comprises and discusses basic views on the competitive landscape; the emerging and high-growth segments of the digital banking platform market; and the high-growth regions and their respective drivers, restraints, challenges, and opportunities.
The report is expected to enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, could help the firms in garnering a greater market share.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE DIGITAL BANKING PLATFORMS MARKET
    • DIGITAL BANKING PLATFORMS MARKET, BY BANKING TYPE, 2018-2023
    • DIGITAL BANKING PLATFORMS MARKET, BY BANKING MODE, 2018-2023
    • DIGITAL BANKING PLATFORMS MARKET, BY DEPLOYMENT TYPE, 2018-2023
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • OPPORTUNITIES FOR THE DIGITAL BANKING PLATFORM PROVIDERS
    • INDUSTRY TRENDS
      • USE CASE 1: BACKBASE
      • USE CASE 2: APPWAY
      • USE CASE 3: FINASTRA
  • DIGITAL BANKING PLATFORMS MARKET, BY BANKING TYPE
    • INTRODUCTION
      • Table DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2016-2023 (USD MILLION)
    • RETAIL BANKING
      • INCREASED DEMAND FOR OFFERING ENHANCED CUSTOMER SERVICES TO RETAIL CONSUMERS TO BOOST THE GROWTH OF THE RETAIL BANKING TYPE
        • Table RETAIL BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • CORPORATE BANKING
      • INCREASED NEED FOR A DIGITAL BANKING PLATFORM TO BOOST THE GROWTH OF THE CORPORATE BANKING TYPE
        • Table CORPORATE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DIGITAL BANKING PLATFORMS MARKET, BY BANKING MODE
    • INTRODUCTION
      • Table DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2016-2023 (USD MILLION)
    • ONLINE BANKING
      • INCREASED USAGE OF INTERNET VIA THE WEB-BASED MODE TO BOOST THE GROWTH OF ONLINE BANKING
        • Table ONLINE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • MOBILE BANKING
      • INCREASING USAGE OF MOBILE DEVICES TO ACCESS BANKING SERVICES TO BOOST THE GROWTH OF MOBILE BANKING
        • Table MOBILE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DIGITAL BANKING PLATFORMS MARKET, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
    • ON-PREMISES
      • GROWING SECURITY CONCERNS TO B0OST THE DEMAND OF ON-PREMISES DEPLOYMENT OF DIGITAL BANKING PLATFORMS
        • Table ON-PREMISES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • CLOUD
      • COST-EFFECTIVENESS OF THE CLOUD-BASED DEPLOYMENT TYPE TO BOOST THE GROWTH OF DIGITAL BANKING PLATFORMS
        • Table CLOUD: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • DIGITAL BANKING PLATFORMS MARKET, BY REGION
    • INTRODUCTION
      • Table DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • UNITED STATES
      • CANADA
        • Table NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • UNITED KINGDOM
      • FRANCE
      • REST OF EUROPE
        • Table EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2016-2023 (USD MILLION)
        • Table EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2016-2023 (USD MILLION)
        • Table EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • SINGAPORE
      • CHINA
      • REST OF APAC
        • Table ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • UNITED ARAB EMIRATES
      • KINGDOM OF SAUDI ARABIA
      • REST OF MEA
        • Table MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
        • Table LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS FOR THE DIGITAL BANKING PLATFORMS MARKET
    • COMPETITIVE SCENARIO
      • NEW SERVICE/PRODUCT LAUNCHES
        • Table NEW SERVICE/PRODUCT LAUNCHES, 2016-2018
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2017-2018
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2016-2018
      • AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS
        • Table AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS, 2016-2018
  • COMPANY PROFILES
    • BACKBASE
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • EDGEVERVE SYSTEMS
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TEMENOS
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FINASTRA
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TCS
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • APPWAY
      • BUSINESS OVERVIEW
      • PLATFORMS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • NETINFO
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • WORLDLINE
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • SAP
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • BNY MELLON
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
    • ORACLE
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SOPRA
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CREALOGIX
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FISERV
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INTELLECT DESIGN ARENA
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KEY INNOVATORS
      • NF INNOVA
      • HALCOM D.D.
      • TAGIT PTE LTD
      • ETRONIKA
      • FIDOR
      • KONY
      • TECHNISYS
      • IEDIGITAL
      • EBANKIT
      • SAB
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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