DUBLIN--(BUSINESS WIRE)--The "North America Digital banking platform Market to 2027 - Regional Analysis and Forecasts by Deployment; Type" report has been added to ResearchAndMarkets.com's offering.
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 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.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
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)
9.1.1.2 Canada Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3 Mexico Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 Appway AG
11.2 Backbase
11.3 CREALOGIX Holding AG
11.4 EdgeVerve Systems Limited
11.5 Fiserv, Inc.
11.6 nCino, Inc.
11.7 Oracle Corporation
11.8 SAP SE
11.9 Tata Consultancy Services Limited
11.10 Temenos Headquarters SA
12. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/y012yq
