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 HabitsMore Homes With Fiber Internet Increases the Odds of Digital Banking AdoptionSpectacular Rise in eCommerce and mCommerce Strengthens the Business Case for Digital BankingPandemic Fast Forwards eCommerce GrowthMobile Wallets & Payments Goes Mainstream as Mobile Banking Gains PopularityMobile Banking: A PrimerShare of Mobile Payments Becomes BiggerDevelopments in Mobile Wallets Encourage Increase in Mobile PaymentsMobile Money Flourishes in Developing CountriesThe Rise of the On-Demand Economy & Customer Self-Service Tilts Digital Banking Technologies into the Mass Adoption StageRobust Developments in Biometrics to Counter Fraud to Infuse Confidence in Digital BankingHere’s How Biometrics Role in Banking and Financial Institutions is Getting BiggerRegulatory Mandates Promote Adoption Biometrics Technology in Banking SectorGrowing Ubiquity of Electronic Bill Presentment & Payment (EBPP) Systems Forces Customers to Move Towards Electronic Modes of PaymentGrowing Focus on Environmental Sustainability to Benefit Digital BankingRole of Artificial Intelligence in Banking Gets BiggerBlockchain Emerges to Disrupt the Banking IndustryOnline Banking Fraud Could Become History With BlockchainMind Bending Losses Accruing Due to Online Banking Fraud Pushes Up the Urgency to Explore the Unrivalled Security Benefits Offered by BlockchainBlockchain-based Payments Processing: An Active Area of Interest for BanksBig Data Explosion, a Fallout of Digitalization of Banking ActivitiesIs Quantum Computing Ripe for the Banking Industry?

Key Report Features

Full access to influencer engagement statsFree 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 capabilitiesFull client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideasComplimentary report updates for one yearCompetitor coverage with global market shares of major playersPlayer market presence analysis (Strong/Active/Niche/Trivial) across multiple geographiesAccess 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.AlSegoAlkami TechnologyBeluga PayBlockchain WorxAirfox, Inc.AIZEN GlobalB at Clydesdale BankBankeraBankiomCardAlphaBitwalaApiax

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

World Market TrajectoriesDigital 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 BankingGlobal Efforts to Go Cashless Provides Policy Led Support for the Evolution of Digital BankingDigital Banking: Definition, Overview, Importance & BenefitsRecent Market ActivityInnovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

United StatesCanadaJapanChinaEuropeFranceGermanyItalyUnited KingdomRest of EuropeAsia-PacificRest of World

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4q4qhs

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SOURCE Research and Markets