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.
The Business Market Insights provides you regional research analysis on “Asia Pacific Digital banking platform Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Asia Pacific Digital banking platform market during the forecast period, i.e., 2020–2027.
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.
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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.
Major Key Players Covered In This Report:
- 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
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 report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asia Pacific Digital banking platform market. The researcher provides an extensive analysis of the Asia Pacific Digital banking platform market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asia Pacific Digital banking platform market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Asia Pacific Digital banking platform market segments and regions.
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
The research on the Asia Pacific Digital banking platform market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Asia Pacific Digital banking platform market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Asia Pacific Digital banking platform market.
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