Digital Banking Platforms Market set to rise $26.2 billion by 2030, as Increasing Use of AI and Machine Learning hits transformation ground
According to a recent research, Industry revenue for Digital Banking Platforms is expected to rise to $26.2 billion by 2030 from $8.7 billion of 2023. The revenue growth of industry players is estimated to average at 17.0% annually for period 2023 to 2030. Growing end-industry applications in major countries like U.S., UK and Germany, is driving the market demand high.

Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Type (Online Banking, Mobile Banking, Core Banking, Digital Payments), Application (Retail Banking, Corporate Banking, Wealth Management, SME Banking) and End-User (Banks, Financial Institutions, Fintech Companies).

Access the detailed report here - https://datastringconsulting.com/industry-analysis/digital-banking-platforms-market-research-report

Regional Analysis

North America and Asia-Pacific are the two most active and leading regions in the market. The Asia Pacific region is seeing an increase in the use of digital banking services because of the growing access to the internet and smartphones as well, as government efforts to encourage digital finance adoption by offering cost effective and adaptable solutions tailored to different markets to enhance financial inclusion measures.

With challenges like high implementation costs, data security and privacy concerns and complex regulatory compliance, Digital Banking Platforms market’s supply chain from component suppliers to service providers is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including India, Brazil and Indonesia for revenue diversification and TAM expansion. Digital banking is being revolutionized by AI and machine learning. This technology enables tailored customer interactions. Improves fraud detection while also offering predictive financial services that boost engagement and build trust.

Industry Leadership and Strategies

The Digital Banking Platforms market is characterized by intense competition, with a number of leading players such as Temenos, FIS, Finastra, Backbase, PayPal, Stripe, Infosys Finacle, Oracle, SAP, IBM, NCR Corporation and Jack Henry & Associates.  These players are pushing & penetrating the market with their strategies.

About DataString Consulting

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.

 

Digital Banking Platforms Market set to rise $26.2 billion by 2030, as Increasing Use of AI and Machine Learning hits transformation ground
disclaimer

What's your reaction?

Comments

https://timessquarereporter.com/public/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!

Facebook Conversations