Digital Banking Platforms Market Share, Size, Trends, Industry Analysis Report, By Component (Platforms, Services); By Deployment Type; By Banking Type; By Banking Mode; By Region; Segment Forecast, 2023-2032

Digital Banking Platforms Market Share, Size, Trends, Industry Analysis Report, By Component (Platforms, Services); By Deployment Type; By Banking Type; By Banking Mode; By Region; Segment Forecast, 2023-2032



The global digital banking platforms market size is expected to reach USD 131.65 billion by 2032, according to a new study by Polaris Market Research. The report “Digital Banking Platforms Market Share, Size, Trends, Industry Analysis Report, By Component (Platforms, Services); By Deployment Type; By Banking Type; By Banking Mode; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

With the increasing use of smartphones, people are accessing digital banking platforms from their mobile devices. This has led to a surge in demand for digital banking services and has allowed digital banking platforms to grow. In 2021, India had 1.2 billion mobile subscribers, of which 750 million use smartphones. This will fuel the growth of the market in the upcoming years.

The adoption of digital banking platforms increased by five percentage points between 2019 and 2020, with 65% of consumers using digital banking channels for their banking needs. This will further create a wide range of market growth opportunities in the upcoming years.

Government initiatives in this region are fueling the growth of the market. Several governments in the Asia-Pacific are promoting digital banking as a means of financial inclusion. For example, the Indian government has launched the Digital India initiative to provide digital banking services to all citizens. Government initiatives have played a critical role in fueling the growth of the digital banking platforms market by promoting digital payments, supporting financial inclusion, investing in digital infrastructure, regulating the market, and partnering with the private sector to drive innovation.

Digital Banking Platforms Market Report Highlights

Platforms segment is anticipated to grow as it offer innovative and cost-effective banking services to customers.

Cloud segment is accounted for the higher growth rate owing to its advantages such as cost-effectiveness, scalability, flexibility, and security.

Retail Banking segment is projected to experience a significant growth rate due to the increasing demand for digital banking services and integration of advanced technologies.

Mobile Banking segment is expected to have a higher growth rate due to an increasing number of consumers and businesses turning to digital banking services for their financial needs.

Asia Pacific is expected to grow at a significant growth rate owing to the increasing adoption of digital banking, growing number of fintech startups, government initiatives, and economic growth.

The global players include Alkami, Appway, Backbase, BNY Mellon, EdgeVerve, Finastra, Fiserv, Mambu, MuleSoft, NETinfo, Oracle, SAP, Sopra Banking, TCS, Temenos, TPS, Velmie and Worldline.

Polaris Market Research has segmented the digital banking platforms market report based on component, deployment type, banking type, banking mode and region:

Digital Banking Platforms, Component Outlook (Revenue - USD Billion, 2019 - 2032)

Platforms

Services

Professional Services

Managed Services

Digital Banking Platforms, Deployment Type Outlook (Revenue - USD Billion, 2019 - 2032)

On-Premises

Cloud

Digital Banking Platforms, Banking Type Outlook (Revenue - USD Billion, 2019 - 2032)

Retail Banking

Corporate Banking

Investment Banking

Digital Banking Platforms, Banking Mode Outlook (Revenue - USD Billion, 2019 - 2032)

Online Banking

Mobile Banking

Digital Banking Platforms, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Digital Banking Platforms Market Insights
4.1. Digital Banking Platforms – Industry Snapshot
4.2. Digital Banking Platforms Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increase in focus of organizations on digitalizing their financial services
4.2.1.2. Growth in usage of machine learning and artificial intelligence in digital banking platform
4.2.2. Restraints and Challenges
4.2.2.1. Security and compliance issues
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Digital Banking Platforms Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Digital Banking Platforms Market, by Component
5.1. Key Findings
5.2. Introduction
5.2.1. Global Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
5.3. Platforms
5.3.1. Global Digital Banking Platforms Market, by Platforms, by Region, 2019-2032 (USD Billion)
5.4. Services
5.4.1. Global Digital Banking Platforms Market, by Services, by Region, 2019-2032 (USD Billion)
6. Global Digital Banking Platforms Market, by Deployment Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
6.3. On-Premises
6.3.1. Global Digital Banking Platforms Market, by On-Premises, by Region, 2019-2032 (USD Billion)
6.4. Cloud
6.4.1. Global Digital Banking Platforms Market, by Cloud, by Region, 2019-2032 (USD Billion)
7. Global Digital Banking Platforms Market, by Banking Type
7.1. Key Findings
7.2. Introduction
7.2.1. Global Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
7.3. Retail Banking
7.3.1. Global Digital Banking Platforms Market, by Retail Banking, by Region, 2019-2032 (USD Billion)
7.4. Corporate Banking
7.4.1. Global Digital Banking Platforms Market, by Corporate Banking, by Region, 2019-2032 (USD Billion)
7.5. Investment Banking
7.5.1. Global Digital Banking Platforms Market, by Investment Banking, by Region, 2019-2032 (USD Billion)
8. Global Digital Banking Platforms Market, by Banking Mode
8.1. Key Findings
8.2. Introduction
8.2.1. Global Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
8.3. Online Banking
8.3.1. Global Digital Banking Platforms Market, by Online Banking, by Region, 2019-2032 (USD Billion)
8.4. Mobile Banking
8.4.1. Global Digital Banking Platforms Market, by Mobile Banking, by Region, 2019-2032 (USD Billion)
9. Global Digital Banking Platforms Market, by Geography
9.1. Key findings
9.2. Introduction
9.2.1. Digital Banking Platforms Market Assessment, By Geography, 2019-2032 (USD Billion)
9.3. Digital Banking Platforms Market – North America
9.3.1. North America: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.3.2. North America: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.3.3. North America: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.3.4. North America: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.3.5. Digital Banking Platforms Market – U.S.
9.3.5.1. U.S.: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.3.5.2. U.S.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.3.5.3. U.S.: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.3.5.4. U.S.: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.3.6. Digital Banking Platforms Market – Canada
9.3.6.1. Canada: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.3.6.2. Canada: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.3.6.3. Canada: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.3.6.4. Canada: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4. Digital Banking Platforms Market – Europe
9.4.1. Europe: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.2. Europe: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.3. Europe: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.4. Europe: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4.5. Digital Banking Platforms Market – UK
9.4.5.1. UK: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.5.2. UK: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.5.3. UK: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.5.4. UK: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4.6. Digital Banking Platforms Market – France
9.4.6.1. France: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.6.2. France: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.6.3. France: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.6.4. France: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4.7. Digital Banking Platforms Market – Germany
9.4.7.1. Germany: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.7.2. Germany: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.7.3. Germany: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.7.4. Germany: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4.8. Digital Banking Platforms Market – Italy
9.4.8.1. Italy: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.8.2. Italy: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.8.3. Italy: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.8.4. Italy: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4.9. Digital Banking Platforms Market – Spain
9.4.9.1. Spain: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.9.2. Spain: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.9.3. Spain: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.9.4. Spain: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4.10. Digital Banking Platforms Market – Netherlands
9.4.10.1. Netherlands: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.10.2. Netherlands: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.10.3. Netherlands: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.10.4. Netherlands: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.4.11. Digital Banking Platforms Market – Russia
9.4.11.1. Russia: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.4.11.2. Russia.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.4.11.3. Russia: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.4.11.4. Russia: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.5. Digital Banking Platforms Market – Asia Pacific
9.5.1. Asia Pacific: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.5.2. Asia Pacific: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.5.3. Asia Pacific: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.5.4. Asia Pacific: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.5.5. Digital Banking Platforms Market – China
9.5.5.1. China: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.5.5.2. China.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.5.5.3. China: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.5.5.4. China: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.5.6. Digital Banking Platforms Market – India
9.5.6.1. India: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.5.6.2. India.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.5.6.3. India: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.5.6.4. India: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.5.7. Digital Banking Platforms Market – Japan
9.5.7.1. Japan: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.5.7.2. Japan.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.5.7.3. Japan: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.5.7.4. Japan: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.5.8. Digital Banking Platforms Market – Malaysia
9.5.8.1. Malaysia: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.5.8.2. Malaysia.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.5.8.3. Malaysia: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.5.8.4. Malaysia: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.5.9. Digital Banking Platforms Market – Indonesia
9.5.9.1. Indonesia: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.5.9.2. Indonesia.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.5.9.3. Indonesia: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.5.9.4. Indonesia: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.5.10. Digital Banking Platforms Market – South Korea
9.5.10.1. South Korea: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.5.10.2. South Korea.: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.5.10.3. South Korea: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.5.10.4. South Korea: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.6. Digital Banking Platforms Market – Middle East & Africa
9.6.1. Middle East & Africa: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.6.2. Middle East & Africa: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.6.3. Middle East & Africa: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.6.4. Middle East & Africa: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.6.5. Digital Banking Platforms Market – Saudi Arabia
9.6.5.1. Saudi Arabia: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.6.5.2. Saudi Arabia: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.6.5.3. Saudi Arabia: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.6.5.4. Saudi Arabia: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.6.6. Digital Banking Platforms Market – South Africa
9.6.6.1. South Africa: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.6.6.2. South Africa: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.6.6.3. South Africa: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.6.6.4. South Africa: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.6.7. Digital Banking Platforms Market – Israel
9.6.7.1. Israel: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.6.7.2. Israel: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.6.7.3. Israel: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.6.7.4. Israel: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.6.8. Digital Banking Platforms Market – UAE
9.6.8.1. UAE: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.6.8.2. UAE: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.6.8.3. UAE: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.6.8.4. UAE: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.7. Digital Banking Platforms Market – Latin America
9.7.1. Latin America: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.7.2. Latin America: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.7.3. Latin America: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.7.4. Latin America: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.7.5. Digital Banking Platforms Market – Mexico
9.7.5.1. Mexico: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.7.5.2. Mexico: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.7.5.3. Mexico: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.7.5.4. Mexico: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.7.6. Digital Banking Platforms Market – Brazil
9.7.6.1. Brazil: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.7.6.2. Brazil: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.7.6.3. Brazil: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.7.6.4. Brazil: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
9.7.7. Digital Banking Platforms Market – Argentina
9.7.7.1. Argentina: Digital Banking Platforms Market, by Component, 2019-2032 (USD Billion)
9.7.7.2. Argentina: Digital Banking Platforms Market, by Banking Mode, 2019-2032 (USD Billion)
9.7.7.3. Argentina: Digital Banking Platforms Market, by Deployment Type, 2019-2032 (USD Billion)
9.7.7.4. Argentina: Digital Banking Platforms Market, by Banking Type, 2019-2032 (USD Billion)
10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
11.1. Alkami
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. Appway
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. Backbase
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. BNY Mellon
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. EdgeVerve
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. Finastra
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. Fiserv
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Mambu
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. MuleSoft
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development
11.10. NETinfo
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Recent Development
11.11. Oracle
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Benchmarking
11.11.4. Recent Development
11.12. SAP
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Benchmarking
11.12.4. Recent Development
11.13. Sopra Banking
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Benchmarking
11.13.4. Recent Development
11.14. TCS
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Benchmarking
11.14.4. Recent Development
11.15. Temenos
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Benchmarking
11.15.4. Recent Development
11.16. TPS
11.16.1. Company Overview
11.16.2. Financial Performance
11.16.3. Product Benchmarking
11.16.4. Recent Development
11.17. Velmie
11.17.1. Company Overview
11.17.2. Financial Performance
11.17.3. Product Benchmarking
11.17.4. Recent Development
11.18. Worldline
11.18.1. Company Overview
11.18.2. Financial Performance
11.18.3. Product Benchmarking
11.18.4. Recent Development

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