Digital Banking Market Size - By Banking, Service, Mode, End Users & Forecast, 2024

Description

Global Digital Banking Market size will witness over 3% CAGR from 2024 to 2032, due to the increasing number of platforms launches and technological advancements. Lately, new digital banking platforms are largely introduced for offering users a variety of online services, such as mobile payments, account management, and financial planning tools. These advancements are enhancing the user experiences by providing more accessible, efficient, and secure banking options. For instance, in October 2023, HDFC Bank launched its digital banking platform 'XpressWay' for introducing paperless loans. This new platform is helps in streamlining the loan application process to offer a faster, more efficient experience for customers seeking digital banking solutions.

The market is segregated into banking, service, mode, end user, and region.

By banking, the digital banking industry size from the corporate segment is estimated to rise at significant rate from 2024 to 2032. This is due to the increasing need for improving financial management and decision-making processes. Businesses are increasingly utilizing digital platforms for various banking needs including transactions, account management, and financial planning. Digital platforms are also providing corporations with real-time access to banking services for streamlining operations and enhancing efficiency.

Digital banking industry share from the non-transactional service segment is expected to expand from 2024 to 2032, owing to rising consumer demand for providing support and information beyond traditional financial transactions. Non-transactional services include features, such as account management, financial advisory, and personalized insights. Users are accessing several tools for budgeting, investment planning, and financial health monitoring through digital banking platforms, further driving the segment growth.

Europe digital banking industry size is projected to depict robust CAGR between 2024 and 2032, propelled by the rise in financial inclusion. More individuals are gaining access to banking services through digital platforms for offering easy and convenient solutions for under served and previously unbanked populations. The increasing developments for making financial services more accessible and inclusive to contribute to a more equitable financial landscape will favor the market expansion across Europe.

Product Code: 2651

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Platform providers
- 3.2.2 Payment gateways provider
- 3.2.3 Service providers
- 3.2.4 End users
- 3.2.5 Profit margin analysis
3.3 Technology & innovation landscape
3.4 Patent analysis
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Changing customer behavior
  - 3.7.1.2 Increasing investment in Fintech
  - 3.7.1.3 Supportive government policies
  - 3.7.1.4 Growth of the ecommerce industry
  - 3.7.1.5 Increasing adoption of electronic and mobile payment solutions
- 3.7.2 Industry pitfalls & challenges
  - 3.7.2.1 Complex regulatory compliances
  - 3.7.2.2 Rising cybersecurity issues
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Banking, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Retail
5.3 Corporate
5.4 Investment

Chapter 6 Market Estimates & Forecast, By Service, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 Transactional Services
- 6.2.1 Cash deposits and withdrawal
- 6.2.2 Fund transfers
- 6.2.3 Auto-debit/auto-credit services
- 6.2.4 Loans
6.3 Non-Transactional Services
- 6.3.1 Information security
- 6.3.2 Risk management
- 6.3.3 Financial planning
- 6.3.4 Stock advisory

Chapter 7 Market Estimates & Forecast, By Mode, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Online banking platforms
7.3 Mobile banking apps

Chapter 8 Market Estimates & Forecast, By End users, 2021 - 2032 ($Bn)

8.1 Individuals
- 8.1.1 Online banking platforms
- 8.1.2 Mobile banking apps
8.2 Government organizations
- 8.2.1 Online banking platforms
- 8.2.2 Mobile banking apps
8.3 Corporates
- 8.3.1 Online banking platforms
- 8.3.2 Mobile banking apps

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Russia
- 9.3.6 Spain
- 9.3.7 Netherlands
- 9.3.8 Nordics
- 9.3.9 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Bank of New York Mellon Corporation
10.2 Appway AG
10.3 CREALOGIX AG
10.4 Etronika
10.5 ebankIT
10.6 Fidor Solutions AG
10.7 Halcom.com
10.8 Finastra
10.9 ieDigital
10.10 Intellect Design Arena Limited
10.11 Infosys Limited
10.12 Kony
10.13 NF Innova
10.14 NETinfo Plc
10.15 Oracle Corporation
10.16 SAB
10.17 Sopra Steria
10.18 Technisys S.A
10.19 Tata Consultancy Services Limited
10.20 Worldline
10.21 Temenos AG

Digital Banking Market Size - By Banking, Service, Mode, End Users & Forecast, 2024 - 2032