Asia Pacific Digital banking platform Market to 2027 - Regional Analysis and Forecasts by Deployment (Cloud and On-Premise); Type (Corporate Banking and Retail Banking)
Publication Month: Aug 2019
Report Code: TIPRE00006480 No. of Pages: 130 Category: Technology, Media and Telecommunications Status: Published
Asia-Pacific digital banking platform market is expected to grow from US$ 732.3 Mn in 2018 to US$ 2,423.8 Mn by the year 2027. This represents a CAGR of 14.4% from the year 2018 to 2027.
Digital transformation or digitization of businesses refers to the integration of digital technology in various business processes, organizational activities and business models. End-to-end business process optimization, increased operational efficiency, improved customer experience, and reduced costs are few of the factors driving the digital transformation in banking industry. The increasing digital transformation revolution in banking industry presents a massive opportunity for digital banking platform providers as they enable banks to launch digital services faster and enhance customer experience. In addition to this, the proliferation of smart devices, easy availability of internet, advancement of IoT, and artificial intelligence have been increasing exponentially which is further leading to the increasing need of mobile/digital-first strategy among banks. The paradigm shift of banks from traditional channels to digital and automated channels results in multiple benefits ranging from improved efficiency to reduced cost and increased revenue opportunities. In addition to this, the rising technological advancements in cloud computing and storage technology, the power of cloud based digital banking platforms has increased multi-fold during the past few years. This has further created opportunities for players operating in digital banking platform market. Hence, the rising trend of digital transformation in the banking industry is expected to fuel the adoption of digital banking platforms among banks, during the forecast period from 2019 to 2027.
Currently, China is dominating in the Asia-Pacific digital banking platform market owing to the high rate of adoption of new technologies in the region. Factors such as growing digitization across BFSI sector and rising demand for mobile banking solutions are contributing substantially towards the growth of digital banking platform market in Asia-Pacific. The figure given below highlights the revenue share of rest of Asia-Pacific in the Asia-Pacific digital banking platform market in the forecast period:
ASIA-PACIFIC DIGITAL BANKING PLATFORM MARKET - SEGMENTATION
Asia-Pacific Digital Banking Platform Market by Type
- Corporate Banking
- Retail Banking
Asia-Pacific Digital Banking Platform Market by Deployment Type
- On-Premise
- Cloud
Asia-Pacific Digital Banking Platform Market by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Companies Mentioned
- Appway AG
- CREALOGIX Holding AG
- EdgeVerve Systems Limited
- Fiserv, Inc.
- Oracle Corporation
- SAP SE
- Sopra Steria
- Tata Consultancy Services Limited (TCS)
- Temenos Headquarters SA
- Worldline SA
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Digital Banking Platform Market – By Type
1.3.2 Asia-Pacific Digital Banking Platform Market – By Deployment
1.3.3 Asia-Pacific Digital Banking Platform Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Digital Banking Platform- Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Asia Pacific PEST Analysis
5. Digital Banking Platform Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing penetration of digitization across banking industry is fuelling the demand for digital banking platforms
5.1.2 Increasing popularity of digital banking services among customers
5.2 Key Market Restraints
5.2.1 Lack of cloud infrastructure and requirement of data localization in countries
5.3 Key Market Opportunities
5.3.1 Growing adoption of cloud based solutions
5.4 Future Trends
5.4.1 Increasing partnerships between traditional banks and fintech companies
5.5 Impact Analysis of Drivers and Restraints
6. Asia-Pacific Digital Banking Platform Market–Analysis
6.1 Asia-Pacific Digital Banking Platform Market Overview
6.2 Asia-Pacific Digital Banking Platform Market Forecast and Analysis
7. Asia-Pacific Digital Banking Platforms Market – By Deployment
7.1 Overview
7.2 Asia-Pacific Digital Banking Platforms Market Breakdown, by Deployment, 2018 & 2027
7.3 Cloud
7.3.1 Overview
7.3.2 Asia-Pacific Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 On-Premise
7.4.1 Overview
7.4.2 Asia-Pacific On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia-Pacific Digital Banking Platforms Market – By Type
8.1 Overview
8.2 Digital Banking Platforms Market Breakdown, by Type, 2018 & 2027
8.3 Corporate Banking
8.3.1 Overview
8.3.2 Asia-Pacific Corporate Banking Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Retail Banking
8.4.1 Overview
8.4.2 Retail Banking Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia-Pacific Digital Banking Platform Market– Country Analysis
9.1 Overview
9.1.1 Asia Pacific Digital Banking Platform Market Breakdown, By Key Countries
9.1.1.1 China Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 China Digital Banking Platform Market Breakdown by Deployment
9.1.1.1.2 China Digital Banking Platform Market Breakdown by Type
9.1.1.2 Japan Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Japan Digital Banking Platform Market Breakdown by Deployment
9.1.1.2.2 Japan Digital Banking Platform Market Breakdown by Type
9.1.1.3 India Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 India Digital Banking Platform Market Breakdown by Deployment
9.1.1.3.2 India Digital Banking Platform Market Breakdown by Type
9.1.1.4 Australia Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.4.1 Australia Digital Banking Platform Market Breakdown by Deployment
9.1.1.4.2 Australia Digital Banking Platform Market Breakdown by Type
9.1.1.5 South Korea Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.5.1 South Korea Digital Banking Platform Market Breakdown by Deployment
9.1.1.5.2 South Korea Digital Banking Platform Market Breakdown by Type
9.1.1.6 Rest of APAC Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.6.1 Rest of APAC Digital Banking Platform Market Breakdown by Deployment
9.1.1.6.2 Rest of APAC Digital Banking Platform Market Breakdown by Type
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 Appway AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CREALOGIX Holding AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 EdgeVerve Systems Limited
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Fiserv, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Oracle Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SAP SE
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Business Description
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sopra Steria
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Tata Consultancy Services Limited
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Temenos Headquarters SA
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Worldline SA
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Asia-Pacific Digital Banking Platform Market Revenue and Forecasts to 2027 (US$ Bn)
Table 2. Asia Pacific Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 3. Asia Pacific Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 4. Asia Pacific Digital Banking Platform Market Revenue and Forecast to 2027 – By Country (US$ Mn)
Table 5. China Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 6. China Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 7. Japan Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 8. Japan Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 9. India Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 10. India Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 11. Australia Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 12. Australia Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 13. South Korea Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 14. South Korea Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 15. Rest of APAC Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 16. Rest of APAC Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 17. Glossary of Terms, Digital Banking Platform Market
LIST OF FIGURES
Figure 1. Asia-Pacific Digital Banking Platform Market Segmentation
Figure 2. Asia-Pacific Digital Banking Platform Market Segmentation – By Region
Figure 3. Asia-Pacific Digital Banking Platform Market Overview
Figure 4. Asia-Pacific Digital Banking Platform Market, By Deployment ($Mn)
Figure 5. Asia-Pacific Digital Banking Platform Market, By Type ($Mn)
Figure 6. Asia-Pacific Digital Banking Platform Market, By Country ($Mn)
Figure 7. Asia-Pacific Digital Banking Platform Market, Industry Landscape
Figure 8. Asia-Pacific Digital Banking Platform Market- Leading Country Markets ($Mn)
Figure 9. Asia-Pacific Digital Banking Platform Market- Ecosystem Analysis
Figure 10. Asia Pacific PEST Analysis
Figure 11. Asia-Pacific Digital Banking Platform Market Impact Analysis of Drivers and Restraints
Figure 12. Asia-Pacific Digital Banking Platform Market Forecast and Analysis, (US$ Mn)
Figure 13. Asia-Pacific Digital Banking Platform Market, By Deployment (%)
Figure 14. Asia-Pacific Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Asia-Pacific On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia-Pacific Digital Banking Platform Market, By Type ($Mn)
Figure 17. Asia-Pacific Corporate Banking Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Asia-Pacific Retail Banking Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Asia Pacific Digital Banking Platform Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 20. China Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Japan Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. India Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Australia Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. South Korea Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Rest of APAC Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies
- Appway AG
- CREALOGIX Holding AG
- EdgeVerve Systems Limited
- Fiserv, Inc.
- Oracle Corporation
- SAP SE
- Sopra Steria
- Tata Consultancy Services Limited (TCS)
- Temenos Headquarters SA
- Worldline SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific digital banking platform market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific digital banking platform market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.