Europe 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: TIPRE00006482 No. of Pages: 133 Category: Technology, Media and Telecommunications Status: Published
Europe digital banking platform market is expected to grow from US$ 935.7 Mn in 2018 to US$ 2340.3 Mn by the year 2027. This represents a CAGR of 11.0% 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 the 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 the customer experience. In addition to this, the proliferation of smart devices, easy availability of internet, the 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.
Currently, Germany is dominating in the Europe digital banking platform market owing to the strong presence of the banking industry in the country. Factors such as growing digitization across BFSI sector and rising demand for mobile banking solutions are contributing substantially towards the growth of the digital banking platform market in Europe. The figure is given below highlights the revenue share of the rest of Europe in the Europe digital banking platform market in the forecast period:
EUROPE DIGITAL BANKING PLATFORM MARKET - SEGMENTATION
Europe Digital Banking Platform Market by Type
- Corporate Banking
- Retail Banking
Europe Digital Banking Platform Market by Deployment Type
- On-Premise
- Cloud
Europe Digital Banking Platform Market by Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
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 Europe Digital Banking Platform Market – By Type
1.3.2 Europe Digital Banking Platform Market – By Deployment
1.3.3 Europe Digital Banking Platform Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Digital Banking Platform- Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Europe PEST Analysis
5. Europe Digital Banking Platform Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Digital transformation in the BFSI sector is aiding the growing demand for digital banking solutions
5.1.2 Growing demand for smart mobile devices and digital banking services among consumers
5.2 Key Market Restraints
5.2.1 Lack of cloud infrastructure and requirement of data localization in countries
5.2.2 Data Privacy and Cybersecurity Concerns
5.3 Key Market Opportunities
5.3.1 Growing popularity of Cloud-based solutions across the banking industry
5.4 Future Trends
5.4.1 Evolving ecosystems due to collaborations between traditional banks and fintech companies
5.5 Impact Analysis of Drivers and Restraints
6. Europe Digital Banking Platform Market–Analysis
6.1 Europe Digital Banking Platform Market Overview
6.2 Europe Digital Banking Platform Market Forecast and Analysis
7. Europe Digital Banking Platforms Market – By Deployment
7.1 Overview
7.2 Europe Digital Banking Platforms Market Breakdown, by Deployment, 2018 & 2027
7.3 Cloud
7.3.1 Overview
7.3.2 Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 On-Premise
7.4.1 Overview
7.4.2 On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Digital Banking Platforms Market – By Type
8.1 Overview
8.2 Europe Digital Banking Platforms Market Breakdown, by Type, 2018 & 2027
8.3 Corporate Banking
8.3.1 Overview
8.3.2 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. Europe Digital Banking Platform Market– Country Analysis
9.1 Overview
9.1.1 Europe Digital Banking Platform Market Breakdown, By Key Countries
9.1.1.1 France Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 France Digital Banking Platform Market Breakdown by Deployment
9.1.1.1.2 France Digital Banking Platform Market Breakdown by Type
9.1.1.2 Germany Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Germany Digital Banking Platform Market Breakdown by Deployment
9.1.1.2.2 Germany Digital Banking Platform Market Breakdown by Type
9.1.1.3 Italy Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Italy Digital Banking Platform Market Breakdown by Deployment
9.1.1.3.2 Italy Digital Banking Platform Market Breakdown by Type
9.1.1.4 U.K. Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.4.1 U.K. Digital Banking Platform Market Breakdown by Deployment
9.1.1.4.2 U.K. Digital Banking Platform Market Breakdown by Type
9.1.1.5 Russia Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.5.1 Russia Digital Banking Platform Market Breakdown by Deployment
9.1.1.5.2 Russia Digital Banking Platform Market Breakdown by Type
9.1.1.6 Rest of Europe Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.6.1 Rest of Europe Digital Banking Platform Market Breakdown by Deployment
9.1.1.6.2 Rest of Europe 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. Europe Digital Banking Platform Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 3. Europe Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 4. Europe Digital Banking Platform Market Revenue and Forecast to 2027 – By Key Countries (US$ Mn)
Table 5. France Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 6. France Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 7. Germany Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 8. Germany Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 9. Italy Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 10. Italy Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 11. U.K. Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 12. U.K. Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 13. Russia Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 14. Russia Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 15. Rest of Europe Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 16. Rest of Europe 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. Europe Digital Banking Platform Market Segmentation
Figure 2. Europe Digital Banking Platform Market Segmentation – By Country
Figure 3. Europe Digital Banking Platform Market Overview
Figure 4. Europe Digital Banking Platform Market, By Deployment ($Mn)
Figure 5. Europe Digital Banking Platform Market, By Type ($Mn)
Figure 6. Europe Digital Banking Platform Market, By Country ($Mn)
Figure 7. Europe Digital Banking Platform Market, Industry Landscape
Figure 8. Europe Digital Banking Platform Market- Leading Country Markets ($Mn)
Figure 9. Europe Digital Banking Platform Market- Ecosystem Analysis
Figure 10. Europe PEST Analysis
Figure 11. Europe Digital Banking Platform Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Digital Banking Platform Market Forecast and Analysis, (US$ Mn)
Figure 13. Europe Digital Banking Platform Market, By Deployment ($Mn)
Figure 14. Europe Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Europe On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Digital Banking Platform Market, By Type ($Mn)
Figure 17. Europe Corporate Banking Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Europe Retail Banking Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Europe Digital Banking Platform Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 20. France Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Germany Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Italy Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. U.K. Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Russia Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Rest of Europe 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 Europe 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 Europe 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 Europe 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.