The latest update of “Global Digital Banking Platforms Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Digital Banking Platforms Market.
Overview of the Digital Banking Platforms Market:
Digital platforms offer small businesses and consumers the ability to connect to financial and other service providers through an online or mobile channel. A digital banking platform enables a bank to begin the transformational process of becoming a truly digital bank that is ecosystem-centric. Digital banking services are offered to a customer on their internet-enabled computer, smartphone, or tablet. This form of consumer banking is far better than actually visiting a bank. Digital banking platforms digitize bank operations, facilitate customer interactions, and allow banks to offer a host of digital financial products.
Market Drivers:
Increasing adoption of digital banking platforms, increasing adoption of cloud-based solutions, and introduction of novel platforms is expected to boost the growth of the global digital banking platforms market during the forecast period. For instance, in November 2021, British core banking startup Thought Machine and Germany’s GFT launched cloud-based virtual banking solution BankLite. The solution can help clients to create and deploy a cloud-based digital bank quickly. The platform integrates GFT’s cloud-native asset, Digital Bank Launcher to help core banking providers to expand their solution capabilities. Hence, such factors are expected to drive growth of the global digital banking platforms market during the forecast period.
Moreover, increasing number of Internet and smartphone users across the globe and growth in shift from traditional banking to online banking is expected to propel the global digital banking platforms market growth over the forecast period.
Market Restraints:
Security and compliance issues and lack of digital literacy in emerging countries are expected to hamper growth of the global digital banking platforms market.
Regional Insights:
Among regions, North America, Europe, and Asia Pacific are expected to witness substantial growth in the global digital banking platforms market due to the increasing adoption of digital banking platforms, increasing use of AI in digital banking platforms, rise in adoption of cloud-based solutions, growing demand among banks for delivering enhanced customer experience, and the outbreak of COVID-19. For instance, in September 2020, Capco announced the launch of PlatformZero, a cloud-based digital and automation solution focused fully on the financial services industry. It is designed to increase efficiency and eliminate high-cost processes across the back office and improve control and service for end-to-end process digitization.
Competitive Section:
Major companies involved in the global digital banking platforms market are BNY Mellon, Velmie, TPS, Temenos, Technisys, TCS, SAP, Oracle, NETinfo, NCR, MuleSoft, Mambu, Fiserv, Finastra, ebankIT, EdgeVerve, Backbase, Appway, Apiture, Alkami, Intellect Design Arena, nCino, CR2, and Sopra Banking Software, among others.
For instance, in April 2021, ICICI Bank launched a digital and contactless banking platform, especially for retail merchants. The service, called ‘Merchant Stack’, is targeted at the over 2 crore retail merchants in the country (India), covering grocers, supermarkets, large retail store chains, online businesses, and large e-commerce firms.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Digital Banking Platforms Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Digital Banking Platforms Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Alkami (US)
- Apiture (US)
- Appway (Switzerland)
- Backbase (Netherlands)
- BNY Mellon (US)
- CR2 (Ireland)
- EdgeVerve (India)
- ebankIT (England)
- Finastra (UK)
- Fiserv (US)
- Intellect Design Arena (India)
- Mambu (Germany)
- MuleSoft (US)
- nCino (US)
- NCR (US)
- NETinfo (Cyprus)
- Oracle (US)
- SAP (Germany)
- Sopra Banking Software (France)
- TCS (India)
- Technisys (US)
- Temenos (Switzerland)
- TPS (Pakistan)
- Velmie (US)
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Digital Banking Platforms Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Platforms
- Services
- Professional Services
- Managed Services
By Applications, the market is segmented into:
- Retail Banking
- Corporate Banking
- Investment Banking
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Digital Banking Platforms Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Digital Banking Platforms Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Digital Banking Platforms Market
1.6.1 How the Covid-19 is Affecting the Digital Banking Platforms Market
1.6.1.1 Digital Banking Platforms Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Digital Banking Platforms Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Digital Banking Platforms Market Perspective (2015-2028)
2.2 Digital Banking Platforms Market Growth Trends by Regions
2.2.1 Digital Banking Platforms Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Digital Banking Platforms Market Historic Market Share by Regions (2015-2021)
2.2.3 Digital Banking Platforms Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Digital Banking Platforms Market Growth Strategy
2.3.6 Primary Interviews with Key Digital Banking Platforms Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Digital Banking Platforms Market Players by Market Size
3.1.1 Global Top Digital Banking Platforms Market Players by Revenue (2015-2021)
3.1.2 Global Digital Banking Platforms Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Digital Banking Platforms Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Digital Banking Platforms Market Concentration Ratio
3.2.1 Global Digital Banking Platforms Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Digital Banking Platforms Market Revenue in 2019
3.3 Digital Banking Platforms Market Key Players Head office and Area Served
3.4 Key Players Digital Banking Platforms Market Product Solution and Service
3.5 Date of entering into Digital Banking Platforms Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Digital Banking Platforms Market Historic Market Size by Type (2015-2021)
4.2 Global Digital Banking Platforms Market Forecasted Market Size by Type (2021-2028)
5 Digital Banking Platforms Market Breakdown Data by Application (2015-2028)
5.1 Global Digital Banking Platforms Market Size by Application (2015-2021)
5.2 Global Digital Banking Platforms Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Digital Banking Platforms Market Size (2015-2021)
6.2 Digital Banking Platforms Market Key Players in North America (2019-2021)
6.3 North America Digital Banking Platforms Market Size by Type (2015-2021)
6.4 North America Digital Banking Platforms Market Size by Application (2015-2021)
7 Europe
7.1 Europe Digital Banking Platforms Market Size (2015-2021)
7.2 Digital Banking Platforms Market Key Players in Europe (2019-2021)
7.3 Europe Digital Banking Platforms Market Size by Type (2015-2021)
7.4 Europe Digital Banking Platforms Market Size by Application (2015-2021)
8 China
8.1 China Digital Banking Platforms Market Size (2015-2021)
8.2 Digital Banking Platforms Market Key Players in China (2019-2021)
8.3 China Digital Banking Platforms Market Size by Type (2015-2021)
8.4 China Digital Banking Platforms Market Size by Application (2015-2021)
9 Japan
9.1 Japan Digital Banking Platforms Market Size (2015-2021)
9.2 Digital Banking Platforms Market Key Players in Japan (2019-2021)
9.3 Japan Digital Banking Platforms Market Size by Type (2015-2021)
9.4 Japan Digital Banking Platforms Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Digital Banking Platforms Market Size (2015-2021)
10.2 Digital Banking Platforms Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Digital Banking Platforms Market Size by Type (2015-2021)
10.4 Southeast Asia Digital Banking Platforms Market Size by Application (2015-2021)
11 India
11.1 India Digital Banking Platforms Market Size (2015-2021)
11.2 Digital Banking Platforms Market Key Players in India (2019-2021)
11.3 India Digital Banking Platforms Market Size by Type (2015-2021)
11.4 India Digital Banking Platforms Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Digital Banking Platforms Market Size (2015-2021)
12.2 Digital Banking Platforms Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Digital Banking Platforms Market Size by Type (2015-2021)
12.4 Central & South America Digital Banking Platforms Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Digital Banking Platforms Market Introduction
13.4 Digital Banking Platforms Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Digital Banking Platforms Market Key Market Segments
Table 2. Key Players Covered: Ranking by Digital Banking Platforms Market Revenue
Table 3. Ranking of Global Top Digital Banking Platforms Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Digital Banking Platforms Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Digital Banking Platforms Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Digital Banking Platforms Market Players to Combat Covid-19 Impact
Table 10. Global Digital Banking Platforms Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Digital Banking Platforms Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Digital Banking Platforms Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Digital Banking Platforms Market Share by Regions (2015-2021)
Table 14. Global Digital Banking Platforms Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Digital Banking Platforms Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Digital Banking Platforms Market Growth Strategy
Table 20. Main Points Interviewed from Key Digital Banking Platforms Market Players
Table 21. Global Digital Banking Platforms Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Digital Banking Platforms Market Share by Players (2015-2021)
Table 23. Global Top Digital Banking Platforms Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Digital Banking Platforms Market as of 2019)
Table 24. Global Digital Banking Platforms Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Digital Banking Platforms Market Product Solution and Service
Table 27. Date of entering into Digital Banking Platforms Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 30. Global Digital Banking Platforms Market Size Share by Type (2015-2021)
Table 31. Global Digital Banking Platforms Market Revenue Market Share by Type (2021-2028)
Table 31. Global Digital Banking Platforms Market Size Share by Application (2015-2021)
Table 33. Global Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 34. Global Digital Banking Platforms Market Size Share by Application (2021-2028)
Table 35. North America Key Players Digital Banking Platforms Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Digital Banking Platforms Market Share (2019-2021)
Table 37. North America Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 38. North America Digital Banking Platforms Market Share by Type (2015-2021)
Table 39. North America Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 40. North America Digital Banking Platforms Market Share by Application (2015-2021)
Table 41. Europe Key Players Digital Banking Platforms Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Digital Banking Platforms Market Share (2019-2021)
Table 43. Europe Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Digital Banking Platforms Market Share by Type (2015-2021)
Table 45. Europe Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Digital Banking Platforms Market Share by Application (2015-2021)
Table 47. China Key Players Digital Banking Platforms Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Digital Banking Platforms Market Share (2019-2021)
Table 49. China Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 50. China Digital Banking Platforms Market Share by Type (2015-2021)
Table 51. China Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 52. China Digital Banking Platforms Market Share by Application (2015-2021)
Table 53. Japan Key Players Digital Banking Platforms Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Digital Banking Platforms Market Share (2019-2021)
Table 55. Japan Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Digital Banking Platforms Market Share by Type (2015-2021)
Table 57. Japan Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Digital Banking Platforms Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Digital Banking Platforms Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Digital Banking Platforms Market Share (2019-2021)
Table 61. Southeast Asia Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Digital Banking Platforms Market Share by Type (2015-2021)
Table 63. Southeast Asia Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Digital Banking Platforms Market Share by Application (2015-2021)
Table 65. India Key Players Digital Banking Platforms Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Digital Banking Platforms Market Share (2019-2021)
Table 67. India Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 68. India Digital Banking Platforms Market Share by Type (2015-2021)
Table 69. India Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 70. India Digital Banking Platforms Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Digital Banking Platforms Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Digital Banking Platforms Market Share (2019-2021)
Table 73. Central & South America Digital Banking Platforms Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Digital Banking Platforms Market Share by Type (2015-2021)
Table 75. Central & South America Digital Banking Platforms Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Digital Banking Platforms Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Digital Banking Platforms Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Digital Banking Platforms Market Share by Type: 2021 VS 2028
Figure 2. Global Digital Banking Platforms Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Digital Banking Platforms Market Report Years Considered
Figure 8. Global Digital Banking Platforms Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Digital Banking Platforms Market Share by Regions: 2021 VS 2028
Figure 10. Global Digital Banking Platforms Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Digital Banking Platforms Market Share by Players in 2019
Figure 13. Global Top Digital Banking Platforms Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Digital Banking Platforms Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Digital Banking Platforms Market Revenue in 2019
Figure 15. North America Digital Banking Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Digital Banking Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Digital Banking Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Digital Banking Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Digital Banking Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Digital Banking Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Digital Banking Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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