Global Digital Banking Market Report By Type (Retail Banking, Corporate Banking, Investment Banking), By Service (Transactional services (Cash Deposits And Withdrawals, Fund Transfers, Auto-debit/auto-credit Services, Loans), Non-transactional services (Information Security, Risk Management, Financial Planning, Stock Advisory)) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030

As per this study the Global Digital Banking Market was valued USD 10.4 TN (by revenue) in 2022 and is anticipated to reach USD 14.9 TN by 2030 with a CAGR of 4.6%.

Digital banking refers to digitalization of all the banking transactions and activities by means of secured digital channels. It involves high-level process automation and web-based service that offers ease in banking services such as money deposit, transfers, account management, loan management, bill pay and many more. It is often achieved by integration of Internet, mobile banking services and the latest technologies that provide access to financials through desktop, mobile, and ATMs.
 
Market Dynamics
 
Rising adoption of online and mobile-based services is driving market growth. Upsurging demand from banks to offer enhanced customer experience is supporting the market growth. Growing demand for smartphones, tablets, laptops followed by rising in tech-savvy population is boosting the market growth. Various regulatory forces supporting innovation and advanced digital technologies to offer enhanced customer service is further pushing the market growth uphill. However, the rising threat of cyber attacks is presumed to restrain market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of digital banking.
 
Market Segmentation
 
The broad digital banking market has been sub-grouped into type and service. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Type

• Retail Banking
• Corporate Banking
• Investment Banking

By Service

• Transactional Services (Cash Deposits And Withdrawals, Fund Transfers, Auto-debit/auto-credit Services, Loans)
• Non-transactional Services (Information Security, Risk Management, Financial Planning, Stock Advisory)

Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for digital banking in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Digital Banking Market Share by Region (Representative Graph)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Digital Banking market include Bank of New York Mellon Corporation, Appway AG, CREALOGIX AG, Fronika, chankIT, Fidor Solutions AG, Halcom.com, Finastra, leDigital, Intellect Design Arena Limited, Infosys Limited, Kony, NF Innova, NETinto Plc, Oracle Corporation, SAP SE, SAB, Sopra Steria. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.