Digital Banking Global Strategic Business Report 2024 - The Rise of the On-Demand Economy & Customer Self-Service Tilts Digital Banking Technologies into the Mass Adoption Stage
Saturday, March 30, 2024
DUBLIN, March 28, 2024 /PRNewswire/ -- The "Digital Banking - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
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The global market for Digital Banking estimated at US$21.1 Billion in the year 2023, is projected to reach a revised size of US$53.5 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2023-2030.
Retail Banking, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$21.9 Billion by the end of the analysis period. Growth in the Corporate Banking segment is estimated at 14.3% CAGR for the next 8-year period.
The Digital Banking market in the U.S. is estimated at US$6.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2030 trailing a CAGR of 15.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 10.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.
Key Market Trends & Drivers
-- Digital Lifestyles & the Ensuing Rise in FTTH Connections Encourage
Internet Banking Habits
-- More Homes With Fiber Internet Increases the Odds of Digital Banking
Adoption
-- Spectacular Rise in eCommerce and mCommerce Strengthens the Business
Case for Digital Banking
-- Pandemic Fast Forwards eCommerce Growth
-- Mobile Wallets & Payments Goes Mainstream as Mobile Banking Gains
Popularity
-- Mobile Banking: A Primer
-- Share of Mobile Payments Becomes Bigger
-- Developments in Mobile Wallets Encourage Increase in Mobile Payments
-- Mobile Money Flourishes in Developing Countries
-- The Rise of the On-Demand Economy & Customer Self-Service Tilts Digital
Banking Technologies into the Mass Adoption Stage
-- Robust Developments in Biometrics to Counter Fraud to Infuse Confidence
in Digital Banking
-- Here's How Biometrics Role in Banking and Financial Institutions is
Getting Bigger
-- Regulatory Mandates Promote Adoption Biometrics Technology in Banking
Sector
-- Growing Ubiquity of Electronic Bill Presentment & Payment (EBPP) Systems
Forces Customers to Move Towards Electronic Modes of Payment
-- Growing Focus on Environmental Sustainability to Benefit Digital Banking
-- Role of Artificial Intelligence in Banking Gets Bigger
-- Blockchain Emerges to Disrupt the Banking Industry
-- Online Banking Fraud Could Become History With Blockchain
-- Mind Bending Losses Accruing Due to Online Banking Fraud Pushes Up the
Urgency to Explore the Unrivalled Security Benefits Offered by
Blockchain
-- Blockchain-based Payments Processing: An Active Area of Interest for
Banks
-- Big Data Explosion, a Fallout of Digitalization of Banking Activities
-- Is Quantum Computing Ripe for the Banking Industry?
Key Report Features
-- Full access to influencer engagement stats
-- Free access to digital archives & research platform. The proprietary
platform is fully enabled to unlock creativity and market knowledge of
domain experts worldwide in a cohesive and collaborative manner. The
state-of-art tools bring world class market perspectives while
protecting participants` privacy and identity. Numbers, statistics and
market narrative in the report are based on fully curated insights
shared by domain experts and influencers in this space.
-- Opportunity to engage with interactive questionnaires that come with
real-time data simulator tools & bespoke report generation capabilities
-- Full client access to peer collaborative and interactive platform for
cross-enterprise smart exchange of ideas
-- Complimentary report updates for one year
-- Competitor coverage with global market shares of major players
-- Player market presence analysis (Strong/Active/Niche/Trivial) across
multiple geographies
-- Access to curated YouTube video transcripts of domain experts/influencer
interviews, podcasts, press statements and event keynotes
The report focuses on 222 key players in the market.
A selection of the featured companies include:
-- Bank of America, N.A.
-- Bottomline Technologies, Inc.
-- [24]7.ai, Inc.
-- AlSego
-- Alkami Technology
-- Beluga Pay
-- Blockchain Worx
-- Airfox, Inc.
-- AIZEN Global
-- B at Clydesdale Bank
-- Bankera
-- Bankiom
-- CardAlpha
-- Bitwala
-- Apiax
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- World Market Trajectories
-- Digital Banking - Global Key Competitors Percentage Market Share in 2023
(E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2023 (E)
-- Internet Infrastructure Provides the Cornerstone for the Growth of
Digital Banking
-- Global Efforts to Go Cashless Provides Policy Led Support for the
Evolution of Digital Banking
-- Digital Banking: Definition, Overview, Importance & Benefits
-- Recent Market Activity
-- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
-- United States
-- Canada
-- Japan
-- China
-- Europe
-- France
-- Germany
-- Italy
-- United Kingdom
-- Rest of Europe
-- Asia-Pacific
-- Rest of World
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4q4qhs
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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