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Digital Banking Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global digital banking platform market reached a value of US$ 5.07 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.76 Billion by 2027, exhibiting a CAGR of 12.71% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A digital banking platform (DBP) refers to financial services provided solely online by banks. It relies on process automation, application programming interfaces (APIs), and web-based services to serve customers through online channels. DBP involves the digitization of all traditional banking services and products, including funds transfer, bill payments, cash withdrawals, loan management, and opening deposit accounts. It also offers features and capabilities, such as checking and savings account, real-time transaction notifications, scheduling expenditures, obtaining bank statements, promoting cardless payments, and remotely monitoring personal finance management (PFM) and account-to-account (A2A) payments. DBP is easy, convenient, and quick to use and enables users to control and handle everyday financial operations using mobile phones, laptops, and desktops.

Digital Banking Platform Market Trends:

The increasing shift from traditional banking to online banking platforms represents one of the major factors driving the market growth. DBP provides instant transactions with enhanced security to the customer, thus making the platform more reliable and efficient. In line with this, the increasing penetration of the internet and smartphones due to the growing need for improved transparency and flexibility in banking operations is favoring the market growth. Apart from this, the utilization of machine learning (ML) and artificial intelligence (AI) in digital banking platforms to detect and prevent payment frauds, assess risks, improve processes for anti-money laundering (AML), and perform know-your-customer (KYC) regulatory checks are providing an impetus to the market growth. Additionally, the increasing demand for enhanced customer experience and convenience and the widespread adoption of cloud-based solutions by banks and financial institutions to obtain higher scalability is creating a positive outlook for the market. Other factors, including extensive research and development (R&D) activities and the implementation of various government initiatives promoting a cashless economy, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global digital banking platform market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, deployment mode and banking mode.

Breakup by Component:

  • Solutions
  • Services
     

Breakup by Type:

  • Retail Banking
  • Corporate Banking
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Banking Mode:

  • Online Banking
  • Mobile Banking
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Appway AG (FNZ (UK) Ltd.), Fidelity Information Services (FIS), Finastra Limited, Fiserv Inc., Infosys Limited, nCino, NCR Corporation, Oracle Corporation, SAP SE, Sopra Steria, Tata Consultancy Services Limited, Temenos AG, The Bank of New York Mellon Corporation and Worldline.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Type, Deployment Mode, Banking Mode, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Appway AG (FNZ (UK) Ltd.), Fidelity Information Services (FIS), Finastra Limited, Fiserv Inc., Infosys Limited, nCino, NCR Corporation, Oracle Corporation, SAP SE, Sopra Steria, Tata Consultancy Services Limited, Temenos AG, The Bank of New York Mellon Corporation and Worldline.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global digital banking platform market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global digital banking platform market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the banking mode?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global digital banking platform market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Digital Banking Platform Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Solutions
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Type
    7.1    Retail Banking
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Corporate Banking
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Deployment Mode
    8.1    On-premises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Cloud-based
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Banking Mode
    9.1    Online Banking
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Mobile Banking
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Appway AG (FNZ (UK) Ltd.)
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Fidelity Information Services (FIS)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Finastra Limited
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Fiserv Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Infosys Limited
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    nCino
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    NCR Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Oracle Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    SAP SE
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Sopra Steria
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Tata Consultancy Services Limited
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Temenos AG
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    The Bank of New York Mellon Corporation
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis
        15.3.14    Worldline
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio
           15.3.14.3 Financials

List of Figures

Figure 1: Global: Digital Banking Platform Market: Major Drivers and Challenges
Figure 2: Global: Digital Banking Platform Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Digital Banking Platform Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Digital Banking Platform Market: Breakup by Component (in %), 2021
Figure 5: Global: Digital Banking Platform Market: Breakup by Type (in %), 2021
Figure 6: Global: Digital Banking Platform Market: Breakup by Deployment Mode (in %), 2021
Figure 7: Global: Digital Banking Platform Market: Breakup by Banking Mode (in %), 2021
Figure 8: Global: Digital Banking Platform Market: Breakup by Region (in %), 2021
Figure 9: Global: Digital Banking Platform (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Digital Banking Platform (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Digital Banking Platform (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Digital Banking Platform (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Digital Banking Platform (Retail Banking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Digital Banking Platform (Retail Banking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Digital Banking Platform (Corporate Banking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Digital Banking Platform (Corporate Banking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Digital Banking Platform (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Digital Banking Platform (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Digital Banking Platform (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Digital Banking Platform (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Digital Banking Platform (Online Banking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Digital Banking Platform (Online Banking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Digital Banking Platform (Mobile Banking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Digital Banking Platform (Mobile Banking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia-Pacific: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Digital Banking Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Digital Banking Platform Market: Breakup by Country (in %), 2021
Figure 73: Middle East and Africa: Digital Banking Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Digital Banking Platform Industry: SWOT Analysis
Figure 75: Global: Digital Banking Platform Industry: Value Chain Analysis
Figure 76: Global: Digital Banking Platform Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Digital Banking Platform Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Digital Banking Platform Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Digital Banking Platform Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Digital Banking Platform Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 5: Global: Digital Banking Platform Market Forecast: Breakup by Banking Mode (in Million US$), 2022-2027
Table 6: Global: Digital Banking Platform Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Digital Banking Platform Market: Competitive Structure
Table 8: Global: Digital Banking Platform Market: Key Players


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