Digital Banking Platform Market to Reach $168.3 Billion, Globally, by 2032 at 20.9% CAGR: Allied Market Research

Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/5539  Get a Sample Copy of this Report:https://www.alliedmarketresearch.com/request-sample/5539  Prime determinants of growth  The global digital banking platform is experiencing growth due to several factors such as surge in the number of Internet users, growth in a shift from traditional banking to online banking and rise in demand for personalized banking services. However, security and...
Comunicato Precedente

next
Comunicato Successivo

next
WILMINGTON, Del., (informazione.it - comunicati stampa - information technology)

Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/5539 

Prime determinants of growth 

The global digital banking platform is experiencing growth due to several factors such as surge in the number of Internet users, growth in a shift from traditional banking to online banking and rise in demand for personalized banking services. However, security and compliance issues in digital banking platforms, lack of digital literacy in emerging countries, and technical concerns associated with new technology integration and legacy systems hinder the market growth. Moreover, growth in the usage of machine learning and artificial intelligence in digital banking platforms, along with the increase in innovative banking services offer remunerative opportunities for the expansion of the global digital banking platforms market. 

Report coverage & details:

•  Increase in demand for personalized banking services

•  Technical concerns associated with new technology integration and legacy systems

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5539 

Segment Highlights

The solution segment is expected to lead the market during the forecast period.

By component, the solution segment held the highest market share in 2023, accounting for nearly three-fourths of the global digital banking platform market. Increase in focus on customer acquisition among bankers, rising investment in for solutions loan processing, and the effective management of established communication among bank professionals and customers are expected to drive the demand for the solution segment in the digital banking platform market.

The cloud segment is expected to lead the market during the forecast period.

By deployment mode, the on-premises segment held the highest market share in 2023, accounting for more than half of the global digital banking platform revenue and is likely to retain its dominance during the forecast period. The on-premises model is considered widely useful in large enterprises, as it involves a significant investment and organizations need to purchase interconnected servers, as well as software to manage the system, which is expected to drive market growth.

However, the cloud segment is projected to attain the highest CAGR between 2023 and 2032, owing to the adoption of a cloud strategy delivers several numbers of key benefits for businesses in the digital banking industry, such as the ease of implementation, low cost, and unlimited accessibility, which propels the growth of the cloud segment.

The retail banking segment is expected to garner the highest CAGR during the forecast period.

By type, the retail banking segment held the highest market share in 2023, accounting for almost two-thirds of the global digital banking platform revenue and is likely to retain its dominance during the forecast period. The growth is attributed to a surge in the customer base who are willing to shift towards online methods of banking, as it provides easy and convenient access to banking services. In addition, the increase in internet penetration globally contributes to this segment's growth.

The mobile banking segment is expected to garner the highest CAGR during the forecast period.

By mode, the online banking segment held the highest market share in 2023, accounting for nearly three-fourths of the global digital banking platform revenue and is likely to retain its dominance during the forecast period. The growth is driven by an increase in preference for digitization & automation, rise in usage of Fintech, which are computer programs, and financial services supported by technology drive the growth of this segment.

However, the mobile banking segment is projected to attain the highest CAGR between 2023 and 2032, owing to the technological advancements in mobile banking such as the delivery of personalized real-time customer service through smart bots, rise in usage of mobile devices allowing users to obtain instant customer assistance, drive the market growth.

Request Customization: https://www.alliedmarketresearch.com/request-for-customization/5539 

North America to maintain its dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2023, accounting for almost two-fifths of the global digital banking platform revenue and is expected to rule the roost in terms of revenue during the forecast timeframe. The growth is driven by the constant advancements in information technology causing increased development of interactive and consumer-friendly user interfaces of the websites and applications that have led to changes in the preference of consumers for banking services.

Digital Banking Platform Market to Reach $168.3 Billion, Globally, by 2032 at 20.9% CAGR: Allied Market Research

Players

The report provides a detailed analysis of these key players in the global digital banking platform. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders

Digital Banking Platform Market Report Highlights

By Component

By Deployment Model

By Type

By Mode

By Region

Trending Reports in BFSI Industry (Book Now with 10% Discount + Covid-19 scenario):

Blockchain In Retail Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Deployment Mode, by Enterprise Size, by Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

RPA and Hyperautomation in Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Deployment Mode, by Organization Size, by Application : Global Opportunity Analysis and Industry Forecast, 2022-2031

Commercial Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Products, by Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Open Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Financial Services, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2031

Europe Open Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Financial Service and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington,
New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
[email protected] 

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/digital-banking-platform-market-to-reach-168-3-billion-globally-by-2032-at-20-9-cagr-allied-market-research-302255501.html

Ufficio Stampa
 PR Newswire (Leggi tutti i comunicati)
209 - 215 Blackfriars Road
LONDON United Kingdom
Allegati
Slide ShowSlide Show
Non disponibili