Digital Banking Market Expected to Grow at CAGR of 8% from 2016 to 2022

Market Scenario Digital banking is a concept which allows the banks and their customers to do the end-to- end processing of banking transactions, operation and activities seamlessly. Technology proliferation in various parts of banking system and arrival of smartphone is helping the bankers to move their traditional banking system to modern. Easy availability, maximum utility and low cost are some of the important factor for the high adoption of digital banking in current environment. Moreover, banks are constantly adapting new applications to satisfy the needs of their customers by providing services like ATM, internet banking, mobile banking, SMS banking among others. Report Sample:

Market Research Analysis: Global digital banking market is growing rapidly owing to the factors such as increasing internet and smartphone users. Currently, North America is dominating the market of digital banking. High density of smartphone users and technologically advanced countries such as U.S. and Canada gives North America a competitive advantage over the other regions. Europe stands as second biggest revenue generator in this market. Rich financial sector of U.K., France and Germany among other countries are the major contributor in the growth of digital banking in Europe region. Browse Complete Report Details:

Scope of the Report: The Digital banking markets has been segmented on the basis of deployment, services, Technology, and industry. By deployment the market has been segmented as- On cloud and On- premises. The services includes Non-transactional activities, transactional among others. On the basis of technology includes- mobile banking, internet banking, digital payments whereas on the basis of industries, the market includes- retail, banking, manufacturing, media & entertainment, and healthcare among others.

Key Players: The major player operating in the market of Global Digital Banking are- Urban FT, Inc. (U.S.), Misys (U.K.), Kony, Inc. (U.S.), Backbase (Netherlands), Technisys (Subsidiary of FMC Technologies) (U.S), Infosys (Bangalore), Cachet Financial Solutions, Inc. (U.S), Innofis (Spain), Mobilearth (Canada), among other The other players operating in this market are- Nymbus, NLS Banking, IDEALINVENT Technologies, Capital Banking Solutions and among others. The major players in this market have adopted the strategies such as geographic expansion, product launch, collaboration, and mergers & acquisitions. The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding, geographically and improving the services.

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