Digital banking market worth approximately $ 10 billion by 2027; Global

Selbyville, Delaware, December 6, 2021 (GLOBE NEWSWIRE) –

The size of the digital banking services market is expected to exceed $ 10 trillion by 2027, according to the most recent study from Global Market Insights Inc. The increasing penetration of internet and smartphones is causing the growth of the market to proliferate.

Growing investments in the FinTech sector and supporting government initiatives are driving the growth of the digital banking market. Governments around the world are taking different approaches to accelerate the growth of the FinTech industry. For example, in August 2021, the Prime Minister of India launched a new digital payment system, e-RUPI. It is a cashless and contactless solution for digital payment. Its e-voucher helps customers make digital transactions more efficiently.

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Investment banking is expected to grow with significant market share during the forecast period due to the growing need to accelerate digitalization in businesses and the increase in M&A activity. Investment banks are increasingly focusing on mergers and acquisitions to expand their product capabilities and regional presence. Additionally, investment banks are embracing advanced technology and data analytics to better understand their clients and find new ways to cross-sell and improve relationship loyalty.

The financial planning segment is expected to experience a digital banking market share of over 20% from 2021 to 2027 due to the growing number of SMEs across the world and the growing adoption of AI and IT. data analysis by financial consulting firms. Financial advisory firms are rapidly adopting advanced technologies to provide more personalized and personalized services to their clients. A major emerging trend is that of robo-advisers providing algorithm-based and data-driven financial planning services. Modern digital financial planning services offer easy account setup, robust goal planning, account services, portfolio management, and security features.

Europe is expected to experience exponential growth in the world digital banking market throughout the forecast timeline. The growth is attributed to changing customer preferences, increasing adoption of advanced technologies and increasing digitalization in the FinTech industry. Online banking is emerging as one of the most popular payment methods in Europe due to its ease of use and advanced features. Supporting government initiatives offer significant growth opportunities for the market. For example, in June 2021, the European Union plans to develop a new digital wallet for payments in 27 European countries. The digital wallet will provide enhanced security during online transactions.

The main players operating in the market are Appway AG, CREALOGIX AG, ebankIT, Etronika, Fidor Solutions AG, Finastra,, ieDigital, Infosys Ltd. and Kony Inc. Companies operating in the market are focused on developing innovative digital banking solutions. . For example, in May 2021, HSBC launched HSBC SmartServe and HSBC IntelliSign, digital banking solutions for businesses. These API-based solutions provide an accelerated onboarding experience, a digital platform for electronic signatures, and leverage existing data assets to complete the account opening process.

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Partial chapters of the report table of contents (TOC):

Chapter 3 Digital Banking Services Market Overview

3.1 Presentation

3.2 Industry segmentation

3.3 Industry Landscape, 2017-2027

3.3.1 Digital Banking Market Revenue, 2017-2027

3.3.2 Digital banking users, 2017-2027

3.4 Impact of the COVID-19 epidemic

3.4.1 Global Outlook

3.4.2 By region

3.4.3 Industry value chain Suppliers Digital banking technology providers Marketing and distribution channels

3.4.4 Competitive landscape Strategy Business growth

3.5 Evolution of digital banking

3.6 Industry Ecosystem Analysis

3.6.1 Digital Banking Ecosystem Analysis

3.6.2 Profit Margin Analysis

3.6.3 Matrix of suppliers

3.7 Consumption trends

3.7.1 Demographic distribution

3.7.2 Digital banking vs traditional banking

3.7.3 Penetration of mobile banking services

3.7.4 Penetration of Internet banking services

3.8 Value and volume of digital payment transaction

3.9 Patent analysis

3.10 Investment portfolio

3.11 Technology and innovation landscape

3.11.1 Artificial intelligence (AI)

3.11.2 API

3.11.3 Blockchain

3.11.4 Human digital interface

3.12 Regulatory landscape

3.13 Industry impact forces

3.13.1 Growth drivers

3.13.2 Pitfalls and challenges of the industry

3.14 Analysis of growth potential

3.15 Porter’s analysis

3.16 PESTEL analysis

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed through a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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