Global Digital Banking Market Size was 5180 Million US$ and it is Expected to Reach 16200 Million US$ by the end of 2025, With a CAGR of 15.3% During 2019-2025: Valuates Reports

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Valuates Reports

29 Oct, 2019, 18:15 IST

BANGALORE, India, Oct. 29, 2019 /PRNewswire/ -- DIGITAL BANKING MARKET OVERVIEW

In 2018, the global digital banking market size was 5180 million US$ and it is expected to reach 16200 million US$ by the end of 2025, with a CAGR of 15.3% during 2019-2025.

This report studies the digital banking market. In contrast to the traditional banking business model, digital banking is the move to online banking where banking services are delivered over the internet. It has all the same functions as a head office, branch office, online service, bank cards, ATM and point of sale machines.

REGION WISE MARKET ANALYSIS

  • United States is the largest country contributing to the growth of digital banking market and is expected to keep increasing in the next few years.
  • North America market took up about 48.73% of the global market in 2017, while Europe and Asia-Pacific are 30.22%, 16.54% respectively. Europe countries like Germany, UK and Spain are developing fast, so does India, which is offering service for many banks and other corporations.
  • There are a few vendors developing digital banking in China, such as IT companies Huawei, Sunline are participating the digital banking business, and they may show a rapid development.

This report focuses on the global digital banking status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Banking development in the United States, Europe and China.

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KEY PLAYERS COVERED IN THIS STUDY

  • Urban FT
  • Kony
  • Backbase
  • Technisys
  • Infosys
  • Digiliti Money
  • Innofis
  • Mobilearth
  • D3 Banking Technology
  • Alkami
  • Q2
  • Misys
  • SAP

SEGMENTS AND CLASSIFICATION

The report classifies the global digital banking market into three sections based on type, application and region.

Segments in Global Digital Market based on Type

  • PC
  • Mobile

Segments in Global Digital Market based on Application

  • Retail Digital Banking
  • SME Digital Banking
  • Corporate Digital Banking

Segments in Global Digital Market based on Regions/Countries

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

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OBJECTIVES OF REPORT:

  • To analyze global Digital Banking status, future forecast, growth opportunity, key market and key players.
  • To present the Digital Banking development in the United States, Europe and China.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Digital Banking are as follows:

  • History Year: 2014-2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year 2019 to 2025

For the data information by region, company type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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