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Market Research Report

North America 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 910961
Published Content info 130 Pages
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North America 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: 130 Pages
Description

North America digital banking platform market in is expected to grow from US$ 1,006.3 Mn in 2018 to US$ 2,766.3 Mn by the year 2027. This represents a CAGR of 12.1% from the year 2018 to 2027. 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 is anticipated to grow during the forecast period of 2019 to 2027 in the digital banking platform market. 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. In addition to this, the growing digital revolution is further fueling the growth of the digital banking platform market.

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. Thus digital transformation across BFSI sector is acting as a major driver for digital banking platform market.

The North America 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. The companies present in the digital banking platform market are focusing on providing advanced solutions to gain a significant share of the digital banking platform market.

The North America digital banking platform market by deployment type is segmented into on-premise and cloud. The on-premise model enables flexible local control of servers and security to the businesses. The on-premise deployment type provides a considerable benefit for digital banking platforms by allowing organizations to preserve all their processes and current internal systems. Organizations can easily leverage present hardware investments whereas also providing their employees with a pure cloud-like file sharing and access experience. Though, it is expensive and complex to manage in comparison to other cloud deployment type, as it is deployed within the facility and needs regular maintenance. On-premise is installed and deployed on the premises of the organization. This deployment type demands an enterprise to purchase licensed software before using it. In on-premise, the resources are deployed within the IT infrastructure of the company and are merely responsible for maintaining and performing all operations associated with the software.

The overall North America 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 North America digital banking platform market. It also provides an overview and forecast for the North America digital banking platform market based on all the segmentation provided with respect to the North America 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 digital banking platform industry. Some of the players present in digital banking platform market Appway AG, Backbase, CREALOGIX Holding AG, EdgeVerve Systems Limited, Fiserv, Inc., nCino, Inc., Oracle Corporation, SAP SE, Sopra Steria, Tata Consultancy Services, Limited (TCS), Temenos Headquarters SA among others.

Table of Contents
Product Code: TIPRE00006484

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 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)
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