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Market Research Report

Europe Digital banking platform Market to 2027 - Regional Analysis and Forecasts by Deployment (Cloud and On-Premise); Type (Corporate Banking and Retail Banking)

Published by The Insight Partners Product code 910943
Published Content info 133 Pages
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Europe Digital banking platform Market to 2027 - Regional Analysis and Forecasts by Deployment (Cloud and On-Premise); Type (Corporate Banking and Retail Banking)
Published: August 30, 2019 Content info: 133 Pages
Description

Europe digital banking platform market in 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. In the current scenario, consumer devices are being widely used by consumers for availing various digital services. Consumer devices such as smartphones, tablets, PCs, etc. have become an integral part of today's consumers' lives. The preference of customers while availing banking services is changing fast towards mobile and online banking. A significant number of users are now accessing their bank accounts either by mobile apps or mobile browsers. Therefore, banks need to make sure that they adapt to the changing banking channels to cater, cross-sell, and up-sell to mobile consumers. Digital banking platforms allow the bank to transition into the digital ecosystem through easily deployable and customized solutions. Interactive mobile banking apps and websites result in enhanced customer experience and in turn increase customer loyalty. The increasing demand for smartphones will drive the number of digital banking customers in the near future, which in turn boost the growth of the digital banking platform market.

The evolving architectures and advanced features of today's cloud platforms are boosting the adoption of cloud-based solutions in each and every industry verticals, including banking and financial sector. Presently, cloud-based digital banking platform solutions are being adopted by various banks due to low initial investments and fast updates offered by these solutions; and this trend in digital banking platform market is anticipated to grow during the forecast period of 2019 to 2027. With investment in cloud-based digital banking platform solutions, banks are anticipated to reduce their operational costs, enhance customer experience, thus increasing productivity and revenues. The complexity and high investment of on-premise solutions is another reason that is boosting the demand for cloud-based digital banking platforms. Not every mid-size or even the large banks find it feasible to invest in in-house digital banking platforms due to the involvement of huge infrastructure and maintenance costs associated with these systems. Each bank requires a customized digital banking solution based on their specific requirements and using cloud-based solutions for these specific needs is considered as the best business model for most banks worldwide. The increased digitization across the BFSI sector is expected to create lucrative business opportunities in the digital banking platform market.

The Europe digital banking platform market is fragmented with the presence of several companies, and the competitive dynamics in the market is expected to change during the upcoming years. Digital banking platform market is a highly competitive market with the presence of some major global market players as well as tire two companies. The presence of a large number of players in the digital banking platform market creates challenges for companies operating in the market to gain a significant share of the digital banking platform market. Also, various companies operating in the digital banking platform market are focusing on attracting more customers by offering cutting edge solutions.

The Europe digital banking platform market by type is segmented into corporate banking and retail banking. Banking industry always keen to adopt new technologies to complete the task more efficiently without consuming time. Banks have to manage a high volume of data, zero tolerance for errors, and rapid processing requirements. All these needs have led to banks moving swiftly to improve their processes and innovate. Corporate banking is considered as a relationship-based service. Relationship-based service is more customer-oriented as there is communication between a business and its audience. Corporate banking enables businesses to build and establish long-term relationships with their customers. Banks use digital innovation to transmute corporate banking and increase their profits. FinTech start-ups and tech giants are concentrating their attention on corporate banking segment. As, corporate customers are demanding more efficient operations, faster delivery of innovative products, and greater connectivity. Advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Chatbots are also transforming corporate banking.

Overall Europe, digital banking platform market size, has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Europe digital banking platform market. It also provides an overview and forecast for the Europe digital banking platform market based on all the segmentation provided with respect to the Europe region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts, and key opinion leaders specializing in the Europe digital banking platform industry. Some of the players present in Europe digital banking platform market 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 among others.

Table of Contents
Product Code: TIPRE00006482

TABLE OF CONTENTS

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)
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