Press release
Digital Banking Platforms Market: A Booming Industry Expected to Reach USD 131.65 Billion By 2032 With 19.9% CAGR
Digital Banking Platforms Market
The digital banking platforms market size is projected to be valued at USD 25.73 billion in 2023 and is expected to rise to USD 131.65 billion by 2032. The sales of digital banking platforms are expected to register a CAGR of 19.9% during the forecast period. Various factors propelling the demand for digital banking platforms include:
โ The market for digital banking platforms is anticipated to continue expanding due to consumers' growing need for easy, accessible, and secure financial services via mobile devices.
โ Because digital banking platforms have fewer operational costs, it is easier for them to provide their consumers with competitive rates and prices.
โ Governments and regulatory agencies encourage the expansion of digital banking platforms because it increases access to banking services and financial inclusion.
๐๐๐ญ ๐๐ง ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/digital-banking-platforms-market/request-for-sample
๐๐ก๐๐ญ ๐ข๐ฌ ๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐ข๐ง ๐๐๐ง๐ค๐ข๐ง๐ ?
An omnichannel or multichannel personal banking service provider is a digital banking platform. An advanced digital banking platform interfaces with hundreds of banking endpoints from various technology providers, including bill pay and core banking software suppliers. Many institutions also use this platform to eliminate human error and complete difficult jobs faster and more efficiently. Numerous financial institutions and banks are also developing intelligent banking platforms to lower expenses and enhance account security.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐๐ซ๐ฌ
The competitive environment in the digital banking platforms market is fragmented due to the presence of numerous regional and international market participants. Here is a list of the major participants in the market:
โข Alkami
โข Apiture
โข Appway
โข Backbase
โข BNY Mellon
โข CR2
โข EdgeVerve
โข ebankIT
โข Finastra
โข Fiserv
โข Intellect Design Arena
โข Mambu
โข MuleSoft
โข nCino
โข NCR
โข NETinfo
โข Oracle
โข SAP
โข Sopra Banking Software
โข TCS
โข Technisys
โข Temenos
โข TPS
โข Velmie and Worldline.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/2276/2
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
โข Retail Banking: Digital platforms facilitate everyday banking activities for individual customers, including managing accounts, making transfers, and applying for credit.
โข Corporate Banking: They offer tailored solutions for businesses, including cash management, trade financing, and treasury operations, all accessible via digital channels.
โข Wealth Management: Integration of robo-advisors and personalized investment solutions into digital banking platforms to cater to wealth management clients.
โข Customer Relationship Management: Advanced analytics and machine learning on digital platforms help in understanding customer behaviors, improving service, and cross-selling products.
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ข๐ฌ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
The report covers the major regions of Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. According to the research, Asia Pacific will have a stronger growth rate in the upcoming years. Numerous fintech companies based in the Asia Pacific region offer cutting-edge digital banking systems and upend established banking paradigms.
Also, because of the region's high rate of technological adoption, strong customer demand for digital banking services, and significant bank investments in digital banking infrastructure, North America is anticipated to have the highest revenue share in the market.
๐๐๐๐๐ฌ๐ฌ ๐๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐ก๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/digital-banking-platforms-market
๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ก๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ญ๐ก๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ง๐ค๐ข๐ง๐ ๐ฉ๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ, ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐ญ๐ฒ๐ฉ๐, ๐๐๐ง๐ค๐ข๐ง๐ ๐ญ๐ฒ๐ฉ๐, ๐๐ง๐ ๐๐๐ง๐ค๐ข๐ง๐ ๐ฆ๐จ๐๐:
Digital Banking Platforms, Component Outlook (Revenue - USD Billion, 2019 - 2032)
โข Platforms
โข Services
Digital Banking Platforms, Deployment Type Outlook (Revenue - USD Billion, 2019 - 2032)
โข On-Premises
โข Cloud
Digital Banking Platforms, Banking Type Outlook (Revenue - USD Billion, 2019 - 2032)
โข Retail Banking
โข Corporate Banking
โข Investment Banking
Digital Banking Platforms, Banking Mode Outlook (Revenue - USD Billion, 2019 - 2032)
โข Online Banking
โข Mobile Banking
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
U.S. AI Training Dataset Market: https://www.polarismarketresearch.com/industry-analysis/us-ai-training-dataset-market
Alternative Data Market: https://www.polarismarketresearch.com/industry-analysis/alternative-data-market
U.S. Sports Betting Market: https://www.polarismarketresearch.com/industry-analysis/us-sports-betting-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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