Dublin, April 23, 2025 (GLOBE NEWSWIRE) -- The "Digital Banking Platform Market Report 2025" has been added to ResearchAndMarkets.com's offering.
The digital banking platform market is witnessing remarkable growth, with its size projected to surge from $7.33 billion in 2024 to $8.12 billion in 2025, marking a compound annual growth rate (CAGR) of 10.9%. This expansion is primarily fueled by the proliferation of internet and mobile devices, adapting to customer expectations, regulatory shifts, and enhanced security measures. Moreover, the COVID-19 pandemic accelerated the transition to remote banking, further propelling market growth.
Looking ahead, the market is expected to escalate to $14.66 billion by 2029, achieving an impressive CAGR of 15.9%. Key drivers include increased investments in digital transformation, collaborations with fintech startups, global market expansion, AI-driven insights, data security, and privacy enhancements. Emerging trends such as data-driven decision-making, remote onboarding, sustainability, and ecosystem expansion are set to shape the market landscape.
The shift from traditional to online banking is a significant driving force behind this growth. Online banking systems enable customers to perform a variety of financial transactions via websites or apps, prompting financial institutions to concentrate on digital solutions to enhance services and boost profitability. For instance, India's fintech sector is anticipated to reach USD 83.42 billion by 2025, demonstrating how digital channels revolutionize the banking system.
The widespread adoption of smartphones plays a crucial role in the digital banking platform market's evolution. Smartphones facilitate convenient, secure financial management for users while optimizing operational efficiencies for financial institutions. As of March 2023, statistics indicated that 91.43% of UK households used smartphones, a figure expected to rise to 93.8% by 2026.
Technological advancements are central to market innovations. Companies are developing cutting-edge technologies to streamline operations and ensure safe, efficient transactions. An exemplary advancement is the launch of audax financial technology by SC Ventures, which provides modular digital banking capabilities tailored to manage extensive customer data.
Major enterprises are focusing on innovative product offerings, such as cloud banking services, to solidify their market standing. Notably, Oracle introduced Oracle Banking Cloud Services in February 2023, offering a suite of cloud-native services including account management, payments, and digital experiences.
Prominent market players include Appway AG, Crealogix Holding AG, EdgeVerve Systems Limited, Fiserv Inc., Oracle Corporation, SAP SE, Sopra Steria, Temenos AG, Worldline SA, among others. With North America as the largest regional player in 2024, Asia-Pacific is set to be the fastest-growing region in the forecast period, highlighting a global push towards digital financial ecosystems.
Report Scope
Exploring key macro factors—such as geopolitical conflicts, pandemic recovery, inflation, interest rates, and political shifts—this report is pivotal for strategizing at both regional and national levels. It identifies growth segments ripe for investment, equipping businesses with forecast data to outperform competitors by understanding the latest market shares. Furthermore, it contains benchmarking performance data against primary competitors.
With data updated thoroughly and supported via Excel dashboards, this report enhances internal and external presentations with high-quality analytics. It effectively answers critical questions concerning the largest and fastest-growing markets within the digital banking space, examining interrelations with the broader economy and demographic shifts.
Covering market characteristics, size, growth trajectories, segmentations, as well as regional and national analyses, the report delineates historic and forecast growth metrics, taking into account crucial factors such as the Russia-Ukraine conflict, rising inflation, escalated interest rates, and lasting impacts of the COVID-19 pandemic.
The report divides the digital banking market into types such as corporate and retail banking, components like platforms and services, banking modes including online and mobile banking, and deployment methods, cloud and on-premise. Within corporate banking, subsegments include cash management and treasury management, while retail banking covers mobile payments and savings accounts.
The competitive landscape section offers detailed insights into market dynamics, market shares, and descriptions of key players, including Appway AG, Crealogix Holding AG, EdgeVerve Systems Limited, Fiserv Inc., and Oracle Corporation. These insights are coupled with analysis of major financial transactions influencing market trends.
Spanning regions such as Asia-Pacific, Western and Eastern Europe, North and South America, the Middle East, and Africa, the report offers time-series data, including a five-year historic overview and projections for the next decade. This robust dataset includes ratios of market size and growth to related markets, GDP proportions, and expenditure per capita, allowing for a thorough understanding of the market landscape.
Available in formats such as PDF, Word, and an Excel Data Dashboard, the report ensures ease of data extraction and analysis. Data and analytical insights are meticulously sourced, supported by endnotes throughout the document.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2025-2029 |
| Estimated Market Value (USD) in 2025 | $8.12 Billion |
| Forecasted Market Value (USD) by 2029 | $14.66 Billion |
| Compound Annual Growth Rate | 15.9% |
| Regions Covered | Global |
Companies Featured in this Digital Banking Platform Market Report
- Appway AG
- Crealogix Holding AG
- EdgeVerve Systems Limited
- Fiserv Inc.
- Oracle Corporation
- SAP SE
- Sopra Steria
- Temenos AG
- Worldline SA
- Cor Financial Solution Ltd.
- Fidelity National Information Services Inc.
- Vsoft Corporation
- Apiture
- The Bank of New York Mellon Corporation
- CR2 Ltd.
- Alkami Technology Inc.
- Finastra Group Holdings Limited
- Urban FT Group Inc.
- Q2 Software Inc.
- Sopra Banking Software SA
- Tata Consultancy Services Limited
- Backbase B.V.
- ebankIT- Sistemas de Informação SA
- Intellect Design Arena
- Mambu GmbH
- MuleSoft LLC
- nCino Inc.
- National Cash Register Corporation
- NETinfo PLC
- Technisys SA
For more information about this report visit https://www.researchandmarkets.com/r/35weg0
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