Digital Banking Platform Market, By Banking Type (Retail Banking and Corporate Banking), By Banking Mode (Online Banking and Mobile Banking), By Deployment Type (On-premises and Cloud), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2029

A digital banking platform allows banks to provide new and current processes through innovative digital products and services that are aim to hold and attracting customers in a progressively competitive market. The rising demand between banks to provide and improve customer experience and increasing demand for streamlining business processes are some of the major factor driving the target market growth. For instance, according to fintechnews.org news in emerging Asian countries such as Japan, Australia, New Zealand, Singapore, South Korea, Hong Kong and Taiwan the digital penetration grow to 97 percent in 2018 among urban bank customers since 92 percent in 2015.

Increasing demand for digital banking platform among banks to deliver enhanced customer experience is major factor driving growth of the global digital banking platform market. In addition, increasing demand for streamlining business processes and growing adoption of smartphones and tablets users are some of the significant factors leading to the growth of the global market. According to World Data Organization, globally the number of internet users increased from only 413 million in 2000 to over 3.4 billion in 2016. However, difficulty in integrating digital banking platforms with legacy systems is restraining growth of the target market.

Prophecy Market Insights provides detailed analysis on the target market. The report covers market analysis - by banking type, banking modes, deployment types, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. This report contains detailed analysis about drivers, restraints, opportunities, ongoing trends, customer demand, product launches, and region analysis for the target market. In addition, the report delivers competitive analysis regarding key players in the global digital banking platform market based on various parameters including company overview, product portfolio, market presence, financial performance, key developments, and future strategies.

Report analysis would support management authorities as well as marketers of the companies to make right decision for building business strategies, market expansion, product launches, understanding demand and supply. Significant strategy matrices include but not limited to in the report are PEST analysis, PORTER’s five forces analysis, driver and restraint impact analysis, market opportunity analysis, and market specificity analysis.

Digital banking platform Market Segmentation:

-By Banking Types:

• Retail Banking
• Corporate Banking

 -By Banking Modes:

• Online Banking
• Mobile Banking

-By Deployment Types:

• On-premises
• Cloud

 -By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key players operating in the global digital banking platform market include, Appway AG, Backbase, Inc., CREALOGIX AG, Infosys Limited, Intellect Design Arena, Finastra Technology Inc, ETRONIKA, UAB, Groupe BPCE, and Kony, Inc.