Digital Banking Market Share

On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. 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. By 2022, there will be approximately 197 million digital banking users in the United States, which is about 75 percent of the nation’s total population. The strong presence of prominent market players is also expected to accelerate market growth in the region in the coming years. Furthermore, the market in Europe is also predicted to garb a significant share during the forecast period owing to the growing digitization of businesses, increase in adoption of new banking technologies and rapidly changing consumer behavior in the region.