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.

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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

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