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

DUBLIN, March 28, 2024 /PRNewswire/ -- The "Digital Banking - Global Strategic Business Report" has been added to  ResearchAndMarkets.com's offering.

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.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo - https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets