Digital Banking Market Analysis

  • Report ID: 3408
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Digital Banking Market Analysis

The market is segmented by type into retail, and corporate banking, out of which, the retail banking segment is anticipated to hold the largest share in the global digital banking market on account of the increase in top-line revenue, and changing consumer behavior and expectations. In addition, growing usage of shopping websites among consumers worldwide is also assessed to drive growth to the market segment in the future. Moreover, on the basis of deployment, the on-premise segment is predicted to grab the largest share over the forecast period, which can be credited to the growing use of on-premise deployment amongst financial service providers. Along with this, this type of deployment offers organizations the ownership of digital rights and private individual data, which is also evaluated to boost the growth of the segment by the end of 2030. 

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

           By Type

 

  • Retail Banking
  • Corporate Banking

          By Deployment

  • On-Premise
  • Cloud

          By Services

 

  • Transactional
  • Non-Transactional

 

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3408
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of digital banking is assessed at USD 11.66 billion.

Digital Banking Market size was valued at USD 10.36 billion in 2023 and is anticipated to reach USD 68.98 billion by 2036, expanding at around 15.7% CAGR during the forecast period i.e., between 2024-2036. Increasing adoption of analytics techniques by investment banks and rising developments in the ecommerce industry will propel the market growth.

North America is expected to dominate majority revenue share by 2036, on the back of high usage of digital banking platforms, early adoption of technologies and growing emphasis on technological innovations in the region.

The major players in the market are Etronika, Appway AG, EBANKIT OMNICHANNEL INNOVATION, S.A., Backbase B.V., and others.
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