North America Digital banking platform Market to Reach US$ 2.76 Bn at a CAGR of 12.1% in 2027 | The Insight Partners

North America 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: TIPRE00006484 | No. of Pages: 130 | Category: Technology, Media and Telecommunications | Status: Published

North America digital banking platform market is expected to grow from US$ 1.00 Bn in 2018 to US$ 2.76 Bn by the year 2027. This represents a CAGR of 12.1% from the year 2018 to 2027. 

 

With changing customer preferences, today’s banks are shifting fast towards digital channels. Various banking services are now commonly available through convenient digital channels. However, in order to deliver exceptional customer experiences and survive in the highly competitive banking industry, banks need to move towards a much broader digital shift. In order to meet expectations of both digital and non-digital consumers, banks are now adopting omnichannel banking, which helps in maintaining traditional service channels and optimizing them to meet customer needs. To achieve this, traditional banks have started partnering and sharing data with new ecosystems, which include FinTechs, open banking, payment services directive, and SWIFT standards. In the global banking industry, digital disruption is gaining pace due to entry of online-only banks, and challenger banks. The collaboration between retail banks and emerging ecosystems help retail banks in better understanding changing consumer needs. The switching behavior among bank customers is extremely aggressive nowadays, and banks are forced to deliver better services and value to today’s empowered consumers. These new trends of collaborating and sharing information among banking ecosystem players to gain customer trust and improve customer’s digital experience is expected to boost the digital banking platform market during the forecast period of 2019 to 2027.

 

Currently, the U.S is dominating in the North America digital banking platform market owing to the high rate of adoption of new technologies in the region. Factors such as the growing popularity of mobile-based banking applications and increasing digitization across BFSI sector is contributing substantially towards the growth of the digital banking platform market in North America. The figure is given below highlights the revenue share of Mexico in the North America digital banking platform market in the forecast period:

 

 

 

NORTH AMERICA DIGITAL BANKING PLATFORM MARKET - SEGMENTATION

North America Digital Banking Platform Market by Type

  • Corporate Banking
  • Retail Banking

North America Digital Banking Platform Market by Deployment Type

  • On-Premise
  • Cloud

North America Digital Banking Platform Market by Country

  • U.S
  • Canada
  • Mexico

Companies Mentioned

  • Appway AG
  • Backbase
  • CREALOGIX Holding AG
  • EdgeVerve Systems Limited
  • Fiserv, Inc.
  • nCino, inc.
  • Oracle Corporation
  • SAP SE
  • Sopra Steria
  • Tata Consultancy Services Limited (TCS)
  • 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       North America Digital Banking Platform Market – By Type

1.3.2       North America Digital Banking Platform Market – By Deployment

1.3.3       North America Digital Banking Platform Market – By Country

2.              Key Takeaways

3.              Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.              North America Digital Banking Platform- Market Landscape

4.1       Market Overview

4.2       Ecosystem Analysis

4.3       PEST Analysis

4.3.1       North America PEST Analysis

5.              North America Digital Banking Platform Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1       Digital transformation across banking industry

5.1.2       Growing popularity of mobile banking applications

5.2       Key Market Restraints

5.2.1       Cybersecurity concerns related to cloud based banking solutions

5.3       Key Market Opportunities

5.3.1       Increasing adoption of cloud based solutions across the BFSI sector

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.              North America Digital Banking Platform Market–Analysis

6.1       North America Digital Banking Platform Market Overview

6.2       North America Digital Banking Platform Market Forecast and Analysis

7.              North America Digital Banking Platforms Market –  By Deployment

7.1       Overview

7.2       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.              North America Digital Banking Platforms Market –  By Type

8.1       Overview

8.2       North America Digital Banking Platforms Market Breakdown, by Type, 2018 & 2027

8.3       Corporate Banking

8.3.1       Overview

8.3.2       North America 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.              North America Digital Banking Platform Market– Country Analysis

9.1       Overview

9.1.1       North America Digital Banking Platform Market Breakdown, By Key Countries

9.1.1.1    U.S. Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.1.1    U.S. Digital Banking Platform Market Breakdown by Deployment

9.1.1.1.2    U.S. Digital Banking Platform Market Breakdown by Type

9.1.1.2    Canada Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.2.1    Canada Digital Banking Platform Market Breakdown by Deployment

9.1.1.2.2    Canada Digital Banking Platform Market Breakdown by Type

9.1.1.3    Mexico Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.3.1    Mexico Digital Banking Platform Market Breakdown by Deployment

9.1.1.3.2    Mexico 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    Backbase

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    CREALOGIX Holding AG

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    EdgeVerve Systems Limited

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    Fiserv, Inc.

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    nCino, Inc.

11.6.1    Key Facts

11.6.2    Business Description

11.6.3    Products and Services

11.6.4    Financial Overview

11.6.5    SWOT Analysis

11.6.6    Key Developments

11.7    Oracle Corporation

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    SAP SE

11.8.1    Key Facts

11.8.2    Business Description

11.8.3    Business Description

11.8.4    Financial Overview

11.8.5    SWOT Analysis

11.8.6    Key Developments

11.9    Tata Consultancy Services Limited

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  Temenos Headquarters 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.            North America Digital Banking Platform Market Revenue and Forecasts to 2027 (US$ Bn)

Table 2.            North America Digital Banking Platform Market Revenue And Forecast To 2027 – By Deployment(US$ Mn)

Table 3.            North America Digital Banking Platform Market Revenue And Forecast To 2027 – By Type(US$ Mn)

Table 4.            North America Digital Banking Platform Market Revenue And Forecast To 2027 – By Type(US$ Mn)

Table 5.            U.S. Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)

Table 6.            U.S. Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)

Table 7.            Canada Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)

Table 8.            Canada Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)

Table 9.            Mexico Digital Banking Platform Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)

Table 10.         Mexico Digital Banking Platform Market Revenue and Forecast to 2027 – By Type (US$ Mn)

Table 11.         Glossary of Terms, Digital Banking Platform Market

 


LIST OF FIGURES

Figure 1.          North America Digital Banking Platform Market Segmentation

Figure 2.          North America Digital Banking Platform Market Segmentation – By Country

Figure 3.          North America Digital Banking Platform Market Overview

Figure 4.          North America Digital Banking Platform Market, By Deployment ($Mn)

Figure 5.          North America Digital Banking Platform Market, By Type ($Mn)

Figure 6.          North America Digital Banking Platform Market, By Country ($Mn)

Figure 7.          North America Digital Banking Platform Market, Industry Landscape

Figure 8.          North America Digital Banking Platform Market- Leading Country Markets ($Mn)

Figure 9.          North America Digital Banking Platform Market- Ecosystem Analysis

Figure 10.       North America PEST Analysis

Figure 11.       North America Digital Banking Platform Market Impact Analysis of Drivers and Restraints

Figure 12.       North America Digital Banking Platform Market Forecast and Analysis, (US$ Mn)

Figure 13.       North America Digital Banking Platform Market, By Deployment (%)

Figure 14.       North America Cloud Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.       North America On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.       North America Digital Banking Platform Market, By Type ($Mn)

Figure 17.       North America Corporate Banking Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 18.       North America Retail Banking Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.       North America Digital Banking Platform Market Breakdown by Key Countries, 2018 & 2027(%)

Figure 20.       U.S. Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)

Figure 21.       Canada Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)

Figure 22.       Mexico Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)

 

The List of Companies

  1. Appway AG
  2. Backbase
  3. CREALOGIX Holding AG
  4. EdgeVerve Systems Limited
  5. Fiserv, Inc.
  6. nCino, inc.
  7. Oracle Corporation
  8. SAP SE
  9. Sopra Steria
  10. Tata Consultancy Services Limited (TCS)

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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.