Digital Banking Market Analysis

Core Banking Solutions (AI-Powered Banking, Mobile Banking, Online Banking)

The AI-powered banking segment in digital banking market is predicted to hold a dominant revenue share of 45.8% throughout the anticipated timeline. The segment’s growth is favorably impacted by the rising demand for personalized and secure banking experiences. The AI-powered banking solutions leverages ML models and advanced algorithms to automate routine tasks such as loan approvals and credit scoring. Another lucrative segment is the increasing usage of AI-powered chatbots and virtual assistants, which have allowed banks to offer 24/7 customer support. Additionally, AI improves the real-time analysis of vast amounts of transactional data, driving smarter decision making. The future of banking solutions is estimated to be driven by AI solutions.

Payments & Money Transfers (Peer-to-Peer Payments, Cross-border Payments)

The peer-to-peer (P2P) payments segment is poised to account for a revenue share of 50.6% during the forecast period. A significant driver of the segment's growth is the surging adoption of P2P platforms such as PayPal, Cash App, Google Pay, and Venmo. These platforms have changed how digital payment are processed as consumers increasingly expect quicker transactions without extra fees. The segment is poised to maintain its growth throughout the forecast period as major players seek to enter the space.

Our in-depth analysis of the global digital banking market includes the following segments: