Abstract
Summary
Digital banking is a move to online banking, where banking services are provided over the Internet.Over the years, the market for digital channel platforms has evolved from online and mobile specific banking solutions to digital banking platforms that are not related to channels.Advanced and mature digital banking platforms are highly flexible and can integrate many different banking services through a good interactive user interface (UI) or customer experience.This factor is the main reason why global companies have such a strong pull on digital banking.In addition, Banks are now under enormous pressure to improve operational efficiency and reduce bank costs while providing advanced next-generation digital banking services.Digital banking platform vendors are now developing smart and smart banking platforms to meet the needs of Banks and customers.This includes the need for channel integration support and dynamic customer experience to make core banking easier to implement, as well as the devices customers want to use or are interested in and affordable.The digital banking industry is relatively fragmented, with many small and new companies.Large global companies are mainly located in the us and Europe.American and European companies have a long history and an unshakable position in this field.The main markets for digital banking are in developed countries.North America has the largest market for digital banking platforms in terms of revenue generation.The regional market was driven by the early adoption of digital technology in banking.The asia-pacific market is expected to grow at a good pace during the forecast period.Strong growth in IT infrastructure and significant investment in digital banking by public and private companies are expected to support growth in the regional market.North America had a 37 percent market share in 2018, followed by Europe with 38 percent.The asia-pacific consumer market is growing even faster, however, with a market share of only 20 percent in 2018.In the rest of Asia Pacific, the Australian market is developing relatively well.In 2018, pc-based digital banking accounted for about 67% of the market share, and most of the products of the market belong to pc-based digital banking. In 2018, the market share of mobile digital banking was 33%. It is expected that the number of mobile digital banking will increase significantly in the next few years.Small and medium-sized enterprises (smes) are still the main application group in the market, accounting for about 59% of the market share in 2018. The development rate of smes is faster than that of large enterprises. By 2025, the market share of smes will expand to 60%.The development of digital Banks in China is relatively backward compared with that in Europe and the United States. Many large enterprises are still in the financing stage, and the market is expected to develop rapidly in the next few years.
The global market for Digital Banking was estimated to be worth US$ 10830 million in 2023 and is forecast to a readjusted size of US$ 37090 million by 2030 with a CAGR of 19.0% during the forecast period 2024-2030.
The leading market for digital banking is the United States, with about 50% of the market, followed by Europe, with about 30%.
Major enterprises include SAP, Misys, Q2, Kony, Infosys, etc., with the top three accounting for about 45%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Digital Banking, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Digital Banking.
The Digital Banking market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Banking market comprehensively. Regional market sizes, concerning products by terminal, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Banking companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
Market Segmentation
By Company
Urban FT
Kony
Backbase
Technisys
Infosys
Digiliti Money
Innofis
Mobilearth
D3 Banking Technology
Alkami
Q2
Misys
SAP
Segment by Terminal
PC
Mobile
Segment by Application
Individual
SME Digital Banking
Corporate Digital Banking
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Digital Banking in global and regional level.
Chapter 3: Detailed analysis of Digital Banking company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Digital Banking revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Terminal, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Terminal, by Application and by country, revenue for each segment.
Chapter 8: Europe by Terminal, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Terminal, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Terminal, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Terminal, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion
The global market for Digital Banking was estimated to be worth US$ 10830 million in 2023 and is forecast to a readjusted size of US$ 37090 million by 2030 with a CAGR of 19.0% during the forecast period 2024-2030.
The leading market for digital banking is the United States, with about 50% of the market, followed by Europe, with about 30%.
Major enterprises include SAP, Misys, Q2, Kony, Infosys, etc., with the top three accounting for about 45%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Digital Banking, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Digital Banking.
The Digital Banking market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Banking market comprehensively. Regional market sizes, concerning products by terminal, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Banking companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
Market Segmentation
By Company
Urban FT
Kony
Backbase
Technisys
Infosys
Digiliti Money
Innofis
Mobilearth
D3 Banking Technology
Alkami
Q2
Misys
SAP
Segment by Terminal
PC
Mobile
Segment by Application
Individual
SME Digital Banking
Corporate Digital Banking
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Digital Banking in global and regional level.
Chapter 3: Detailed analysis of Digital Banking company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Digital Banking revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Terminal, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Terminal, by Application and by country, revenue for each segment.
Chapter 8: Europe by Terminal, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Terminal, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Terminal, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Terminal, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion
Table of Contents
1 Study Coverage
1.1 Digital Banking Product Introduction
1.2 Market by Terminal
1.2.1 Global Digital Banking Market Size Growth Rate by Terminal (2019 VS 2023 VS 2030)
1.2.2 PC
1.2.3 Mobile
1.3 Market by Application
1.3.1 Global Digital Banking Market Size Growth Rate by Application (2019 VS 2023 VS 2030)
1.3.2 Individual
1.3.3 SME Digital Banking
1.3.4 Corporate Digital Banking
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Digital Banking Market Size Estimates and Forecasts
2.2 Digital Banking Market Size by Region: 2023 Versus 2030
2.2.1 Global Digital Banking Revenue by Region: 2019-2024
2.2.2 Global Digital Banking Revenue Forecast by Region (2025-2030)
2.2.3 Global Digital Banking Revenue Market Share by Region (2019-2030)
3 Global Digital Banking by Company
3.1 Global Digital Banking Revenue by Company (2019-2024)
3.2 Global Digital Banking Revenue Share by Company (2019-2024)
3.3 Competitive Landscape
3.3.1 Key Digital Banking Companies around the World: Ranking by Revenue
3.3.2 Global Digital Banking Market Concentration Ratio (CR5 and HHI) & (2019-2024)
3.3.3 Global Digital Banking Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.4 Global Digital Banking Companies Headquarters & Product Type
3.4.1 Digital Banking Companies Headquarters
3.4.2 Global Digital Banking Companies Product & Service
3.4.3 Date of International Companies Enter into Digital Banking Market
3.5 Global Digital Banking Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 Urban FT
4.1.1 Urban FT Company Information
4.1.2 Urban FT Description, Business Overview
4.1.3 Urban FT Digital Banking Products Offered
4.1.4 Urban FT Digital Banking Revenue and Gross Margin (2019-2024)
4.1.5 Urban FT Digital Banking Revenue by Product in 2023
4.1.6 Urban FT Digital Banking Revenue by Application in 2023
4.1.7 Urban FT Digital Banking Revenue by Geographic Area in 2023
4.1.8 Urban FT Recent Developments
4.2 Kony
4.2.1 Kony Company Information
4.2.2 Kony Description, Business Overview
4.2.3 Kony Digital Banking Products Offered
4.2.4 Kony Digital Banking Revenue and Gross Margin (2019-2024)
4.2.5 Kony Digital Banking Revenue by Product in 2023
4.2.6 Kony Digital Banking Revenue by Application in 2023
4.2.7 Kony Digital Banking Revenue by Geographic Area in 2023
4.2.8 Kony Recent Developments
4.3 Backbase
4.3.1 Backbase Company Information
4.3.2 Backbase Description, Business Overview
4.3.3 Backbase Digital Banking Products Offered
4.3.4 Backbase Digital Banking Revenue and Gross Margin (2019-2024)
4.3.5 Backbase Digital Banking Revenue by Product in 2023
4.3.6 Backbase Digital Banking Revenue by Application in 2023
4.3.7 Backbase Digital Banking Revenue by Geographic Area in 2023
4.3.8 Backbase Recent Developments
4.4 Technisys
4.4.1 Technisys Company Information
4.4.2 Technisys Description, Business Overview
4.4.3 Technisys Digital Banking Products Offered
4.4.4 Technisys Digital Banking Revenue and Gross Margin (2019-2024)
4.4.5 Technisys Digital Banking Revenue by Product in 2023
4.4.6 Technisys Digital Banking Revenue by Application in 2023
4.4.7 Technisys Digital Banking Revenue by Geographic Area in 2023
4.4.8 Technisys Recent Developments
4.5 Infosys
4.5.1 Infosys Company Information
4.5.2 Infosys Description, Business Overview
4.5.3 Infosys Digital Banking Products Offered
4.5.4 Infosys Digital Banking Revenue and Gross Margin (2019-2024)
4.5.5 Infosys Digital Banking Revenue by Product in 2023
4.5.6 Infosys Digital Banking Revenue by Application in 2023
4.5.7 Infosys Digital Banking Revenue by Geographic Area in 2023
4.5.8 Infosys Recent Developments
4.6 Digiliti Money
4.6.1 Digiliti Money Company Information
4.6.2 Digiliti Money Description, Business Overview
4.6.3 Digiliti Money Digital Banking Products Offered
4.6.4 Digiliti Money Digital Banking Revenue and Gross Margin (2019-2024)
4.6.5 Digiliti Money Digital Banking Revenue by Product in 2023
4.6.6 Digiliti Money Digital Banking Revenue by Application in 2023
4.6.7 Digiliti Money Digital Banking Revenue by Geographic Area in 2023
4.6.8 Digiliti Money Recent Development
4.7 Innofis
4.7.1 Innofis Company Information
4.7.2 Innofis Description, Business Overview
4.7.3 Innofis Digital Banking Products Offered
4.7.4 Innofis Digital Banking Revenue and Gross Margin (2019-2024)
4.7.5 Innofis Digital Banking Revenue by Product in 2023
4.7.6 Innofis Digital Banking Revenue by Application in 2023
4.7.7 Innofis Digital Banking Revenue by Geographic Area in 2023
4.7.8 Innofis Recent Development
4.8 Mobilearth
4.8.1 Mobilearth Company Information
4.8.2 Mobilearth Description, Business Overview
4.8.3 Mobilearth Digital Banking Products Offered
4.8.4 Mobilearth Digital Banking Revenue and Gross Margin (2019-2024)
4.8.5 Mobilearth Digital Banking Revenue by Product in 2023
4.8.6 Mobilearth Digital Banking Revenue by Application in 2023
4.8.7 Mobilearth Digital Banking Revenue by Geographic Area in 2023
4.8.8 Mobilearth Recent Development
4.9 D3 Banking Technology
4.9.1 D3 Banking Technology Company Information
4.9.2 D3 Banking Technology Description, Business Overview
4.9.3 D3 Banking Technology Digital Banking Products Offered
4.9.4 D3 Banking Technology Digital Banking Revenue and Gross Margin (2019-2024)
4.9.5 D3 Banking Technology Digital Banking Revenue by Product in 2023
4.9.6 D3 Banking Technology Digital Banking Revenue by Application in 2023
4.9.7 D3 Banking Technology Digital Banking Revenue by Geographic Area in 2023
4.9.8 D3 Banking Technology Recent Development
4.10 Alkami
4.10.1 Alkami Company Information
4.10.2 Alkami Description, Business Overview
4.10.3 Alkami Digital Banking Products Offered
4.10.4 Alkami Digital Banking Revenue and Gross Margin (2019-2024)
4.10.5 Alkami Digital Banking Revenue by Product in 2023
4.10.6 Alkami Digital Banking Revenue by Application in 2023
4.10.7 Alkami Digital Banking Revenue by Geographic Area in 2023
4.10.8 Alkami Recent Development
4.11 Q2
4.11.1 Q2 Company Information
4.11.2 Q2 Description, Business Overview
4.11.3 Q2 Digital Banking Products Offered
4.11.4 Q2 Digital Banking Revenue and Gross Margin (2019-2024)
4.11.5 Q2 Digital Banking Revenue by Product in 2023
4.11.6 Q2 Digital Banking Revenue by Application in 2023
4.11.7 Q2 Digital Banking Revenue by Geographic Area in 2023
4.11.8 Q2 Recent Development
4.12 Misys
4.12.1 Misys Company Information
4.12.2 Misys Description, Business Overview
4.12.3 Misys Digital Banking Products Offered
4.12.4 Misys Digital Banking Revenue and Gross Margin (2019-2024)
4.12.5 Misys Digital Banking Revenue by Product in 2023
4.12.6 Misys Digital Banking Revenue by Application in 2023
4.12.7 Misys Digital Banking Revenue by Geographic Area in 2023
4.12.8 Misys Recent Development
4.13 SAP
4.13.1 SAP Company Information
4.13.2 SAP Description, Business Overview
4.13.3 SAP Digital Banking Products Offered
4.13.4 SAP Digital Banking Revenue and Gross Margin (2019-2024)
4.13.5 SAP Digital Banking Revenue by Product in 2023
4.13.6 SAP Digital Banking Revenue by Application in 2023
4.13.7 SAP Digital Banking Revenue by Geographic Area in 2023
4.13.8 SAP Recent Development
5 Breakdown Data by Terminal
5.1 Global Digital Banking Revenue by Terminal (2019-2024)
5.2 Global Digital Banking Revenue Forecast by Terminal (2025-2030)
5.3 Digital Banking Revenue Market Share by Terminal (2019-2030)
6 Breakdown Data by Application
6.1 Global Digital Banking Revenue by Application (2019-2024)
6.2 Global Digital Banking Revenue Forecast by Application (2025-2030)
6.3 Digital Banking Revenue Market Share by Application (2019-2030)
7 North America
7.1 North America Digital Banking Market Size YoY Growth 2019-2030
7.2 North America Digital Banking Market Facts & Figures by Country (2019-2030)
7.3 North America Digital Banking Revenue by Terminal (2019-2024)
7.4 North America Digital Banking Revenue by Application (2019-2024)
8 Asia-Pacific
8.1 Asia-Pacific Digital Banking Market Size YoY Growth 2019-2030
8.2 Asia-Pacific Digital Banking Market Facts & Figures by Region (2019-2030)
8.3 Asia-Pacific Digital Banking Revenue by Terminal (2019-2024)
8.4 Asia-Pacific Digital Banking Revenue by Application (2019-2024)
9 Europe
9.1 Europe Digital Banking Market Size YoY Growth 2019-2030
9.2 Europe Digital Banking Market Facts & Figures by Country (2019-2030)
9.3 Europe Digital Banking Revenue by Terminal (2019-2024)
9.4 Europe Digital Banking Revenue by Application (2019-2024)
10 Latin America
10.1 Latin America Digital Banking Market Size YoY Growth 2019-2030
10.2 Latin America Digital Banking Market Facts & Figures by Country (2019-2030)
10.3 Latin America Digital Banking Revenue by Terminal (2019-2024)
10.4 Latin America Digital Banking Revenue by Application (2019-2024)
11 Middle East and Africa
11.1 Middle East and Africa Digital Banking Market Size YoY Growth 2019-2030
11.2 Middle East and Africa Digital Banking Market Facts & Figures by Country (2019-2030)
11.3 Middle East and Africa Digital Banking Revenue by Terminal (2019-2024)
11.4 Middle East and Africa Digital Banking Revenue by Application (2019-2024)
12 Supply Chain and Sales Channel Analysis
12.1 Digital Banking Supply Chain Analysis
12.2 Digital Banking Key Raw Materials and Upstream Suppliers
12.3 Digital Banking Clients Analysis
12.4 Digital Banking Sales Channel and Sales Model Analysis
12.4.1 Digital Banking Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 Digital Banking Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 Digital Banking Distributors
13 Market Dynamics
13.1 Digital Banking Industry Trends
13.2 Digital Banking Market Drivers
13.3 Digital Banking Market Challenges
13.4 Digital Banking Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer