Digital Banking Platform Market Size Worth $9 Billion By 2026 - KBV Research

NEW YORK - Aug. 14, 2020 - PRLog -- According to a new report Global Digital Banking Platform Market, published by KBV research, The Global Digital Banking Platform Market size is expected to reach $9 billion by 2026, rising at a market growth of 16% CAGR during the forecast period.

By mode, the global digital banking platform market, led by the online banking group, is expected to remain dominant during the forecast period in 2019. Digital banking involves a high degree of process automation, web-based infrastructure, and application programming interfaces (APIs) and enables real-time integration with multiple host banking systems that fuel the growth of the digital banking platform market. Nevertheless, the mobile banking segment is projected to rise at the fastest rate during the forecast period, owing to an increase in smartphone usage and a growth in Internet penetration across the globe.

Retail banking is projected to have a substantial market share. The growth of the market is due to the widespread acceptance of electronic and mobile payment solutions by consumers. As the market dynamics are changing and customers are becoming more empowered, the banks are also developing new business models to cope with the changes.

Global Digital Banking Platform Market Segmentation

By Component

• Solution
• Services

By Deployment Type

• On-premise
• Cloud

By Type

• Retail Banking
• Corporate Banking

By Banking Mode

• Online Banking
• Mobile Banking

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Infosys Limited (EdgeVerve Systems)
• Fidelity Information Services (FIS), Inc.
• Fiserv, Inc.
• Oracle Corporation
• SAP SE
• Temenos AG
• The Bank of New York Mellon Corporation
• Appway AG
• COR Financial Solutions Ltd.
• VSoft Corporation

Structural Insights: https://www.kbvresearch.com/digital-banking-platform-market/