New York, NY, March 07, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Digital Banking Market by Banking Type (Retail Banking, Corporate Banking, and Investment Banking), by Solution (Payments, Processing Services, Customer and Channel Management, and Risk Management), by Organization Size (Small- and Medium-Sized Enterprises and Large-Sized Enterprises), by Technology (BaaS, BaaP, Cloud-Based, White Label Banking, and Chatbots), and by Payment Vertical (Banking Cards, Unstructured Supplementary Service Data, Uniform Payment Interface, Mobile Wallets, Point of Sale, Mobile Banking, Internet Banking, and Micro ATMs): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global digital banking market was valued at approximately USD 6,620 million in 2018 and is expected to generate around USD 8,646 million by 2025, at a CAGR of around 3.8% between 2019 and 2025.
Digital banking is the digitization of the banking sector, where all the banking services and activities can be accessed by users over the internet. However, with the advent and growth of digital banking, customers can now access their financial data and enjoy personalized banking services through their mobiles or desktops. Digital banking includes high levels of automation process and web-based services. The increasing use of digital devices in managing a business, rising demand for cloud-based solutions, and the growing number of smartphones are some major factors that are driving the market digital banking market. Technological advancements along with the advent of AI-based smart solutions have resulted in an increased number of companies opting for these digital solutions. It saves time and provides customers with new solutions at their comfort and discretion. However, the lack of organized internet infrastructure and several security issues may hamper the overall growth of the digital banking market over the forecast period. Change in technological solutions along with the higher emphasis on comfort through connected devices will provide new opportunities for the digital banking market globally.
Browse through 114 Tables & 44 Figures spread over 110 Pages and in-depth TOC on “Global Digital Banking Market Size & Share 2018 Report: Industry Type, Trends, Segments, Analysis and Forecast 2025”.
Request Free Sample Report of Global Digital Banking Market Report @ https://www.zionmarketresearch.com/sample/digital-banking-market
On the basis of banking type, the market for digital banking is divided into retail, corporate, and investment banking. It is the retail banking segment that held the largest market share for the digital banking market globally. The high share of the retail banking segment can be contributed to the usage of card payments or mobile payments for shopping purpose. The growth of the e-commerce platform for shopping saves a lot of time and money for the customers resulting in the large application of digital banking in the retail sector.
By solution, the market comprises payments, processing services, customer and channel management, and risk management. The organization sizes of this market include small- and medium-sized enterprises and large-sized enterprises. Based on technology, the digital banking market is divided into BaaS (banking as a service), BaaP (banking as a platform), cloud-based, white label banking, and chatbots.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/digital-banking-market
Banking cards, uniform payment interface (UPI), the point of sale (POS), mobile wallets, unstructured supplementary service data (USSD), mobile banking, internet banking, and micro ATMs form the payment vertical of the global digital banking market. Banking cards are mainly used instead of cash by customers for a majority of transactions these days, such as online shopping, bill payments, etc. These card holders are benefitted with the opportunity to build credit, earn rewards, and protect themselves against credit card frauds.
On the basis of geography, North America is anticipated to contribute the largest share in terms of revenue to the digital banking market in the future. Technological advancements and controlled growth of the banking sector has allowed the North American digital banking market. The U.S. has been at the forefront of leading the digital banking market globally due to the strong presence of the retail sector.
Browse the full “Digital Banking Market by Banking Type (Retail Banking, Corporate Banking, and Investment Banking), by Solution (Payments, Processing Services, Customer and Channel Management, and Risk Management), by Organization Size (Small- and Medium-Sized Enterprises and Large-Sized Enterprises), by Technology (BaaS, BaaP, Cloud-Based, White Label Banking, and Chatbots), and by Payment Vertical (Banking Cards, Unstructured Supplementary Service Data, Uniform Payment Interface, Mobile Wallets, Point of Sale, Mobile Banking, Internet Banking, and Micro ATMs): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/digital-banking-market
Technological advancements and the increasing use of AI-based solutions across multiple business sectors are the major growth drivers of the digital banking market in the Asia Pacific region. Additionally, the growing smartphone use allows easy online purchases and the availability of banking services through apps is considered to save consumer time are also likely to drive the Asia Pacific digital banking market in the years ahead. China, Japan, and India are major contributors to the digital banking market in the Asia Pacific region.
Europe is another key region for the global digital banking market and held the second largest market share in 2018, due to the presence of developed countries, such as UK, Germany, and France, which have a strong presence in the digital banking sector.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/digital-banking-market
Some major players of the global digital banking market are ACI Worldwide, Ally Financial Inc., Backbase, Capital Banking Solution, CR2, Digiliti Money, Inc., Fiserv, Inc., Infosys Ltd., Innofis, JPMorgan Chase & Co., Kony, Inc., Microsoft Corporation, Oracle, Tata Consultancy Services, Technisys, Temenos Headquarters SA, TRG Mobilearth Inc., and Urban FT.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/3888
This report segments the global digital banking market into:
Global Digital Banking Market: Banking Type Analysis
- Retail Banking
- Corporate Banking
- Investment Banking
Global Digital Banking Market: Solution Analysis
- Payments
- Processing Services
- Customer and Channel Management
- Risk Management
Global Digital Banking Market: Organization Size Analysis
- Small- and Medium-Sized Enterprises
- Large-Sized Enterprises
Global Digital Banking Market: Technology Analysis
- BaaS (Banking as a Service)
- BaaP (Banking as a Platform)
- Cloud-Based
- White Label Banking
- Chatbots
Global Digital Banking Market: Payment Vertical Analysis
- Banking Cards
- Unstructured Supplementary Service Data (USSD)
- Uniform Payment Interface (UPI)
- Mobile Wallets
- Point of Sale (POS)
- Mobile Banking
- Internet Banking
- Micro ATMs
Global Digital Banking Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Traffic Management Market: https://www.zionmarketresearch.com/report/traffic-management-market
- Consumer Internet of Things (CIoT) Market: https://www.zionmarketresearch.com/report/consumer-internet-of-things-market
- Augmented and Virtual Reality Market: https://www.zionmarketresearch.com/report/augmented-and-virtual-reality-market
- Enterprise Spam Filter Market: https://www.zionmarketresearch.com/report/enterprise-spam-filter-market
- WebRTC Market: https://www.zionmarketresearch.com/report/webrtc-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://zmrindustryjournal.us | http://zmrresearchnews.us | http://zmrmarketjournal.com | https://zmrnewsjournal.us | http://zmrnewsmagazine.com | https://zmrnewsblog.com | http://zmrindustrynews.us
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com