Breaking Down the $8.7 billion Digital Banking Platforms Demand: Top 5 Consuming Countries in Focus

Industry revenue for Digital Banking Platforms is expected to rise to $26.2 billion by 2030 from $8.7 billion of 2023. The revenue growth of industry players is estimated to average at 17.0% annually for period 2023 to 2030.  Growing end-industries in major countries like U.S., UK and Germany, is driving the market demand towards short-term peak; and with such a growth trajectory, Digital Banking Platforms's from component suppliers to service providers is expected to evolve & shift towards integration. Recent market developments indicate that leading market players are making the strategic market advancements in frontier markets including India, Brazil and Indonesia.

 

Industry Leadership and Strategies

Companies such Temenos, FIS, Finastra, Backbase, PayPal, Stripe, Infosys Finacle, Oracle, SAP, IBM, NCR Corporation and Jack Henry & Associates are well placed in this market’s competition, which is intensely competitive at application scale.

 























Application Area Leading Providers Provider Strategies
Online Banking Temenos, FIS Providing secure, scalable online banking solutions with enhanced user interfaces
Mobile Banking Finastra, Backbase Offering mobile-optimized banking applications with advanced security features
Digital Payments PayPal, Stripe Facilitating digital payments with secure, seamless integrations for online transactions

 

Industry Transitions

The implementation of banking has sped up the use of digital platforms that rely on APIs. This allows banks to provide a variety of services by establishing compatible links, with fintech solutions.

Digital banking is being revolutionized by AI and machine learning. This technology enables tailored customer interactions. Improves fraud detection while also offering predictive financial services that boost engagement and build trust.

Access report details here - https://datastringconsulting.com/industry-analysis/digital-banking-platforms-market-research-report

 



















Segment Subsegment
Type Online Banking

Mobile Banking

Core Banking

Digital Payments
Application Retail Banking

Corporate Banking

Wealth Management

SME Banking
End-User Banks

Financial Institutions

Fintech Companies

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DataString Consulting offers a complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. We offer bespoke market research projects designed to meet the specific strategic objectives of the business. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. DataString Consulting’s data aggregators and Industry experts monitor high growth segments within more than 15 industries on an ongoing basis.

 

DataString Consulting is a professional market research company which aims at providing all the market & business research solutions under one roof. Get the right insights for your goals with our unique approach to market research and precisely tailored solutions. We offer services in strategy consulting, comprehensive opportunity assessment across various sectors, and solution-oriented approaches to solve business problems.

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