Table of Content

1 INTRODUCTION 23
1.1 INTRODUCTION TO COVID-19 23
1.2 COVID-19 HEALTH ASSESSMENT 23
FIGURE 1 COVID-19: GLOBAL PROPAGATION 23
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 24
1.3 COVID-19 ECONOMIC ASSESSMENT 25
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS
FOR SELECT G20 COUNTRIES IN 2020 25
1.3.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 26
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY 26
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 27
1.4 OBJECTIVES OF THE STUDY 28
1.5 MARKET DEFINITION 28
1.5.1 INCLUSIONS AND EXCLUSIONS 29
1.6 MARKET SCOPE 29
1.6.1 MARKET SEGMENTATION 29
1.6.2 REGIONS COVERED 30
1.6.3 YEARS CONSIDERED FOR THE STUDY 30
1.7 CURRENCY CONSIDERED 30
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2020 31
1.8 STAKEHOLDERS 31
1.9 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 6 DIGITAL BANKING PLATFORMS MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Breakdown of primary profiles 34
2.1.2.2 Key industry insights 34
2.2 MARKET BREAKUP AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35
2.3 MARKET SIZE ESTIMATION 36
2.3.1 TOP-DOWN APPROACH 36
FIGURE 8 DIGITAL BANKING PLATFORMS MARKET SIZE ESTIMATION:
TOP-DOWN APPROACH–SUPPLY-SIDE ANALYSIS 36
2.3.2 BOTTOM-UP APPROACH 37
FIGURE 9 DIGITAL BANKING PLATFORMS MARKET SIZE ESTIMATION:
BOTTOM-UP APPROACH?SUPPLY-SIDE ANALYSIS (1/2) 37
FIGURE 10 DIGITAL BANKING PLATFORMS MARKET SIZE ESTIMATION:
BOTTOM-UP APPROACH?SUPPLY-SIDE ANALYSIS (2/2) 38
2.4 MARKET FORECAST 38
TABLE 2 FACTOR ANALYSIS 38
2.5 ASSUMPTIONS FOR THE STUDY 39
2.6 LIMITATIONS OF THE STUDY 40
3 EXECUTIVE SUMMARY 41
FIGURE 11 DIGITAL BANKING PLATFORMS MARKET, 2019–2026 42
FIGURE 12 TOP LEADING SEGMENTS IN THE DIGITAL BANKING PLATFORMS MARKET IN 2021 42
FIGURE 13 DIGITAL BANKING PLATFORMS MARKET, REGIONAL AND
COUNTRY-WISE SHARES, 2021 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN THE DIGITAL BANKING PLATFORMS MARKET 44
FIGURE 14 EMERGENCE OF OPEN BANKING TO DRIVE THE GROWTH OF
THE DIGITAL BANKING PLATFORMS MARKET 44
4.2 DIGITAL BANKING PLATFORMS MARKET, BY COMPONENT 44
FIGURE 15 PLATFORMS SEGMENT EXPECTED TO LEAD THE MARKET IN 2021 44
4.3 DIGITAL BANKING PLATFORMS MARKET, BY SERVICE 45
FIGURE 16 PROFESSIONAL SERVICES SEGMENT EXPECTED TO ACCOUNT FOR A LARGER MARKET SHARE DURING THE FORECAST PERIOD 45
4.4 DIGITAL BANKING PLATFORMS MARKET, BY PROFESSIONAL SERVICES 45
FIGURE 17 IMPLEMENTATION SEGMENT EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2021 45
4.5 DIGITAL BANKING PLATFORMS MARKET, BY BANKING TYPE 46
FIGURE 18 RETAIL BANKING SEGMENT EXPECTED TO LEAD THE MARKET DURING
2021–2026 46
4.6 DIGITAL BANKING PLATFORMS MARKET, BY BANKING MODE 46
FIGURE 19 ONLINE BANKING SEGMENT EXPECTED TO LEAD THE MARKET GROWTH DURING 2021–2026 46
4.7 DIGITAL BANKING PLATFORMS MARKET, BY DEPLOYMENT TYPE 47
FIGURE 20 ON-PREMISES SEGMENT EXPECTED TO LEAD THE MARKET DURING
2021–2026 47
4.8 DIGITAL BANKING PLATFORMS MARKET, BY REGION 47
FIGURE 21 ASIA PACIFIC EXPECTED TO GROW AT THE HIGHEST RATE DURING
THE FORECAST PERIOD 47
4.9 DIGITAL BANKING PLATFORMS MARKET, BY COUNTRY 48
FIGURE 22 SINGAPORE EXPECTED TO REGISTER THE HIGHEST GROWTH DURING
THE FORECAST PERIOD 48
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5 MARKET OVERVIEW AND INDUSTRY TRENDS 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 23 DIGITAL BANKING PLATFORMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 50
5.2.1.1 Growing demand among banks for delivering enhanced customer experience 50
5.2.1.2 Increasing adoption of cloud-based solutions by financial institutions 50
5.2.1.3 Rising adoption of smartphones 50
TABLE 3 SMARTPHONE ADOPTION, BY REGION, 2020 VS. 2025 51
5.2.1.4 Growing need to meet the compliance requirements of new data laws and regulations 51
5.2.1.5 COVID-19 accelerating the adoption of digital banking 51
5.2.2 RESTRAINTS 52
5.2.2.1 Lack of digital literacy in emerging countries 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Increased cross-selling and upselling activities 52
5.2.3.2 Emergence of the Banking as a Service (BaaS)model 52
5.2.3.3 Gradual adoption of Open-Banking APIs 52
5.2.4 CHALLENGES 53
5.2.4.1 Rising security concerns 53
5.2.4.2 Difficulty in integrating digital banking platforms with legacy systems 53
5.2.4.3 Technical Issues leading to losses 53
5.3 COVID-19 MARKET OUTLOOK FOR DIGITAL BANKING PLATFORMS MARKET 54
TABLE 4 DIGITAL BANKING PLATFORMS MARKET: ANALYSIS OF DRIVERS AND OPPORTUNITIES IN THE COVID-19 ERA 54
TABLE 5 DIGITAL BANKING PLATFORMS MARKET: ANALYSIS OF CHALLENGES AND RESTRAINTS IN THE COVID-19 ERA 54
5.3.1 CUMULATIVE GROWTH ANALYSIS 55
TABLE 6 DIGITAL BANKING PLATFORMS MARKET: CUMULATIVE GROWTH ANALYSIS 55
5.4 USE CASES 56
5.4.1 USE CASE 1: BACKBASE 56
5.4.2 USE CASE 2: APPWAY 56
5.4.3 USE CASE 3: FINASTRA 57
5.4.4 USE CASE 4: TEMENOS 57
5.4.5 USE CASE 5: ORACLE 58
5.5 PRICING ANALYSIS 58
TABLE 7 AVERAGE SELLING PRICE RANGES OF SUBSCRIPTION-BASED DIGITAL BANKING PLATFORM 58
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6 DIGITAL BANKING PLATFORMS MARKET, BY COMPONENT 59
6.1 INTRODUCTION 60
6.1.1 COMPONENTS: MARKET DRIVERS 60
6.1.2 COMPONENTS: COVID-19 IMPACT 60
FIGURE 24 PLATFORMS SEGMENT TO HOLD A LARGER MARKET SHARE DURING THE FORECAST PERIOD 61
TABLE 8 DIGITAL BANKING PLATFORMS MARKET SIZE, BY COMPONENT,
2017–2020 (USD MILLION) 61
TABLE 9 DIGITAL BANKING PLATFORMS MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 61
6.2 PLATFORMS 62
6.2.1 RISING NEED TO REPLACE LEGACY BANKING PLATFORM DRIVE THE DEMAND FOR DIGITAL BANKING PLATFORMS 62
TABLE 10 PLATFORMS: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 62
TABLE 11 PLATFORMS: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 62
6.3 SERVICES 63
6.3.1 RISING DEPLOYMENT OF DIGITAL BANKING PLATFORMS AND COMPLEXITIES IN INTEGRATION WITH BACK-END SYSTEMS TO FUEL THE DEMAND FOR SERVICES 63
TABLE 12 DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE,
2017–2020 (USD MILLION) 63
TABLE 13 DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 63
TABLE 14 SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 63
TABLE 15 SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 64
6.3.2 PROFESSIONAL SERVICES 64
TABLE 16 PROFESSIONAL SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY TYPE, 2017–2020 (USD MILLION) 64
TABLE 17 PROFESSIONAL SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION) 64
TABLE 18 PROFESSIONAL SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION) 65
TABLE 19 PROFESSIONAL SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION) 65
6.3.2.1 Consulting 65
TABLE 20 CONSULTING: DIGITAL BANKING PLATFORM MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 66
TABLE 21 CONSULTING: DIGITAL BANKING PLATFORM MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 66
6.3.2.2 Implementation 66
TABLE 22 IMPLEMENTATION: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 67
TABLE 23 IMPLEMENTATION: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 67
6.3.2.3 Support and maintenance 67
TABLE 24 SUPPORT AND MAINTENANCE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 68
TABLE 25 SUPPORT AND MAINTENANCE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 68
6.3.3 MANAGED SERVICES 68
TABLE 26 MANAGED SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION) 69
TABLE 27 MANAGED SERVICES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION) 69
7 DIGITAL BANKING PLATFORMS MARKET, BY BANKING TYPE 70
7.1 INTRODUCTION 71
7.1.1 BANKING TYPES: MARKET DRIVERS 71
7.1.2 BANKING TYPES: COVID-19 IMPACT 71
FIGURE 25 RETAIL BANKING SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 72
TABLE 28 DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE,
2017–2020 (USD MILLION) 72
TABLE 29 DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE,
2021–2026 (USD MILLION) 72
7.2 RETAIL BANKING 73
7.2.1 INCREASED DEMAND FOR OFFERING ENHANCED CUSTOMER SERVICES TO RETAIL CONSUMERS TO BOOST THE GROWTH OF THE RETAIL BANKING TYPE 73
TABLE 30 RETAIL BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 73
TABLE 31 RETAIL BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 73
7.3 CORPORATE BANKING 74
7.3.1 INCREASED NEED FOR A DIGITAL BANKING PLATFORM TO BOOST THE GROWTH OF THE CORPORATE BANKING TYPE 74
TABLE 32 CORPORATE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION) 74
TABLE 33 CORPORATE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION) 74
7.4 INVESTMENT BANKING 75
7.4.1 RISING COMPETITION FROM FINTECH AND REGTECH VENDORS TO BOOST THE ADOPTION OF DIGITAL BANKING PLATFORMS IN THE INVESTMENT BANKING SEGMENT 75
TABLE 34 INVESTMENT BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION) 75
TABLE 35 INVESTMENT BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION) 75
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8 DIGITAL BANKING PLATFORMS MARKET, BY BANKING MODE 76
8.1 INTRODUCTION 77
8.1.1 BANKING MODES: MARKET DRIVERS 77
8.1.2 BANKING MODES: COVID-19 IMPACT 77
FIGURE 26 MOBILE BANKING SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 78
TABLE 36 DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE,
2017–2020 (USD MILLION) 78
TABLE 37 DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE,
2021–2026 (USD MILLION) 78
8.2 ONLINE BANKING 79
8.2.1 INCREASED USAGE OF THE INTERNET VIA THE WEB-BASED MODE TO BOOST THE GROWTH OF ONLINE BANKING 79
TABLE 38 ONLINE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 79
TABLE 39 ONLINE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 79
8.3 MOBILE BANKING 80
8.3.1 INCREASING USAGE OF MOBILE DEVICES TO ACCESS BANKING SERVICES TO BOOST THE GROWTH OF MOBILE BANKING 80
TABLE 40 MOBILE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 80
TABLE 41 MOBILE BANKING: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 80
9 DIGITAL BANKING PLATFORMS MARKET, BY DEPLOYMENT TYPE 81
9.1 INTRODUCTION 82
9.1.1 DEPLOYMENT TYPES: MARKET DRIVERS 82
9.1.2 DEPLOYMENT TYPES: COVID-19 IMPACT 82
FIGURE 27 CLOUD DEPLOYMENT TYPE TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 83
TABLE 42 DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE,
2017–2020 (USD MILLION) 83
TABLE 43 DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE,
2021–2026 (USD MILLION) 83
9.2 ON-PREMISES 84
9.2.1 GROWING SECURITY CONCERNS TO B0OST THE DEMAND FOR ON-PREMISES DEPLOYMENT OF DIGITAL BANKING PLATFORMS 84
TABLE 44 ON-PREMISES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 84
TABLE 45 ON-PREMISES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 84
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9.3 CLOUD 85
9.3.1 COST-EFFECTIVENESS OF THE CLOUD-BASED DEPLOYMENT TYPE TO BOOST THE GROWTH OF DIGITAL BANKING PLATFORMS 85
TABLE 46 CLOUD: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 85
TABLE 47 CLOUD: DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 85
10 DIGITAL BANKING PLATFORMS MARKET, BY REGION 86
10.1 INTRODUCTION 87
FIGURE 28 ASIA PACIFIC TO EXHIBIT THE HIGHEST CAGR IN THE DIGITAL BANKING PLATFORMS MARKET DURING THE FORECAST PERIOD 87
FIGURE 29 NORTH AMERICA TO HOLD THE LARGEST MARKET SIZE DURING
THE FORECAST PERIOD 88
TABLE 48 DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 88
TABLE 49 DIGITAL BANKING PLATFORMS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 88
10.2 NORTH AMERICA 89
10.2.1 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET DRIVERS 89
10.2.2 NORTH AMERICA: DIGITAL BANKING PLATFORM REGULATIONS 89
10.2.3 NORTH AMERICA: IMPACT OF COVID-19 ON THE DIGITAL BANKING PLATFORMS MARKET 90
FIGURE 30 NORTH AMERICA: MARKET SNAPSHOT 91
TABLE 50 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2017–2020 (USD MILLION) 91
TABLE 51 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2021–2026 (USD MILLION) 92
TABLE 52 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 92
TABLE 53 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 92
TABLE 54 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 92
TABLE 55 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 93
TABLE 56 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2017–2020 (USD MILLION) 93
TABLE 57 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2021–2026 (USD MILLION) 93
TABLE 58 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2017–2020 (USD MILLION) 94
TABLE 59 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2021–2026 (USD MILLION) 94
TABLE 60 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 94
TABLE 61 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 94
TABLE 62 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COUNTRY, 2017–2020 (USD MILLION) 95
TABLE 63 NORTH AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION) 95
10.2.4 UNITED STATES 95
10.2.4.1 The US to hold the largest share of the digital banking platforms market in 2021 95
TABLE 64 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2017–2020 (USD MILLION) 95
TABLE 65 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2021–2026 (USD MILLION) 96
TABLE 66 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 96
TABLE 67 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 96
TABLE 68 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 96
TABLE 69 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 97
TABLE 70 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2017–2020 (USD MILLION) 97
TABLE 71 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2021–2026 (USD MILLION) 97
TABLE 72 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2017–2020 (USD MILLION) 97
TABLE 73 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2021–2026 (USD MILLION) 98
TABLE 74 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 98
TABLE 75 UNITED STATES: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 98
10.2.5 CANADA 98
10.2.5.1 Increasing adoption of advanced IT technologies to drive the market in Canada during the forecast period 98
10.3 EUROPE 99
10.3.1 EUROPE: DIGITAL BANKING PLATFORMS MARKET DRIVERS 99
10.3.2 EUROPE: DIGITAL BANKING PLATFORM REGULATIONS 99
10.3.3 EUROPE: IMPACT OF COVID-19 ON THE DIGITAL BANKING PLATFORMS MARKET 100
TABLE 76 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION) 100
TABLE 77 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 100
TABLE 78 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE,
2017–2020 (USD MILLION) 101
TABLE 79 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 101
TABLE 80 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 101
TABLE 81 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 101
TABLE 82 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2017–2020 (USD MILLION) 102
TABLE 83 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2021–2026 (USD MILLION) 102
TABLE 84 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2017–2020 (USD MILLION) 102
TABLE 85 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2021–2026 (USD MILLION) 102
TABLE 86 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 103
TABLE 87 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 103
TABLE 88 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 103
TABLE 89 EUROPE: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION) 103
10.3.4 UNITED KINGDOM 104
10.3.4.1 Strong presence of several FinTech companies to drive the digital banking platforms market in the UK 104
TABLE 90 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2017–2020 (USD MILLION) 104
TABLE 91 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2021–2026 (USD MILLION) 104
TABLE 92 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 104
TABLE 93 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 105
TABLE 94 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 105
TABLE 95 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 105
TABLE 96 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING TYPE, 2017–2020 (USD MILLION) 105
TABLE 97 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING TYPE, 2021–2026 (USD MILLION) 106
TABLE 98 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING MODE, 2017–2020 (USD MILLION) 106
TABLE 99 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING MODE, 2021–2026 (USD MILLION) 106
TABLE 100 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 106
TABLE 101 UNITED KINGDOM: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 107
10.3.5 FRANCE 107
10.3.5.1 Rising usage of online banking mode in the country to drive the growth of the digital banking platforms market 107
10.3.6 REST OF EUROPE 107
10.4 ASIA PACIFIC 108
10.4.1 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET DRIVERS 108
10.4.2 ASIA PACIFIC: DIGITAL BANKING PLATFORM REGULATIONS 109
10.4.3 ASIA PACIFIC: IMPACT OF COVID-19 ON
THE DIGITAL BANKING PLATFORMS MARKET 109
FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT 110
TABLE 102 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2017–2020 (USD MILLION) 111
TABLE 103 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2021–2026 (USD MILLION) 111
TABLE 104 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 111
TABLE 105 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 111
TABLE 106 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 112
TABLE 107 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 112
TABLE 108 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2017–2020 (USD MILLION) 112
TABLE 109 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2021–2026 (USD MILLION) 112
TABLE 110 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2017–2020 (USD MILLION) 113
TABLE 111 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2021–2026 (USD MILLION) 113
TABLE 112 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 113
TABLE 113 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 113
TABLE 114 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 114
TABLE 115 ASIA PACIFIC: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 114
10.4.4 CHINA 114
10.4.4.1 Rapid changes in the digital banking platforms ecosystem to drive its adoption in China 114
TABLE 116 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION) 115
TABLE 117 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 115
TABLE 118 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE,
2017–2020 (USD MILLION) 115
TABLE 119 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 115
TABLE 120 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 116
TABLE 121 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 116
TABLE 122 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2017–2020 (USD MILLION) 116
TABLE 123 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2021–2026 (USD MILLION) 116
TABLE 124 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2017–2020 (USD MILLION) 117
TABLE 125 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2021–2026 (USD MILLION) 117
TABLE 126 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 117
TABLE 127 CHINA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 117
10.4.5 SINGAPORE 118
10.4.5.1 Rapid adoption of innovative digital technologies across the banking sector to fuel the growth of the market in Singapore 118
10.4.6 REST OF ASIA PACIFIC 118
10.5 LATIN AMERICA 118
10.5.1 LATIN AMERICA: DIGITAL BANKING PLATFORM MARKET DRIVERS 118
10.5.2 LATIN AMERICA: DIGITAL BANKING PLATFORM REGULATIONS 119
10.5.3 LATIN AMERICA: IMPACT OF COVID-19 ON THE DIGITAL BANKING PLATFORMS MARKET 119
TABLE 128 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2017–2020 (USD MILLION) 119
TABLE 129 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2021–2026 (USD MILLION) 120
TABLE 130 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION) 120
TABLE 131 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 120
TABLE 132 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 120
TABLE 133 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 121
TABLE 134 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2017–2020 (USD MILLION) 121
TABLE 135 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING TYPE, 2021–2026 (USD MILLION) 121
TABLE 136 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2017–2020 (USD MILLION) 121
TABLE 137 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY BANKING MODE, 2021–2026 (USD MILLION) 122
TABLE 138 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 122
TABLE 139 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 122
TABLE 140 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 122
TABLE 141 LATIN AMERICA: DIGITAL BANKING PLATFORMS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 123
10.5.4 BRAZIL 123
10.5.4.1 Entry of FinTech startups boost innovation in digital banking platform in Brazil 123
10.5.5 MEXICO 123
10.5.5.1 Huge adoption of cloud-based services provides growth opportunities in Mexico 123
10.5.6 REST OF LATIN AMERICA 123
10.6 MIDDLE EAST AND AFRICA 124
10.6.1 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET DRIVERS 124
FIGURE 32 STATISTICS OF FINANCIAL PENETRATION IN MIDDLE EAST AND AFRICA 124
10.6.2 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORM REGULATIONS 125
10.6.3 MIDDLE EAST AND AFRICA: IMPACT OF COVID-19 ON THE DIGITAL BANKING PLATFORMS MARKET 125
TABLE 142 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2017–2020 (USD MILLION) 125
TABLE 143 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COMPONENT, 2021–2026 (USD MILLION) 125
TABLE 144 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY SERVICE, 2017–2020 (USD MILLION) 126
TABLE 145 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY SERVICE, 2021–2026 (USD MILLION) 126
TABLE 146 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2017–2020 (USD MILLION) 126
TABLE 147 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 126
TABLE 148 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING TYPE, 2017–2020 (USD MILLION) 127
TABLE 149 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING TYPE, 2021–2026 (USD MILLION) 127
TABLE 150 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING MODE, 2017–2020 (USD MILLION) 127
TABLE 151 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY BANKING MODE, 2021–2026 (USD MILLION) 127
TABLE 152 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION) 128
TABLE 153 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION) 128
TABLE 154 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COUNTRY, 2017–2020 (USD MILLION) 128
TABLE 155 MIDDLE EAST AND AFRICA: DIGITAL BANKING PLATFORMS MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION) 128
10.6.4 UNITED ARAB EMIRATES 129
10.6.4.1 Technological advancements in cloud computing have led to the adoption of digital banking platforms in the UAE 129
10.6.5 KINGDOM OF SAUDI ARABIA 129
10.6.5.1 Rapid advancements in IoT has propelled the growth of the market in KSA 129
10.6.6 REST OF MIDDLE EAST AND AFRICA 129
11 COMPETITIVE LANDSCAPE 130
11.1 OVERVIEW 130
FIGURE 33 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE DIGITAL BANKING PLATFORMS MARKET BETWEEN 2019 AND 2021 130
11.2 TOP VENDORS IN THE DIGITAL BANKING PLATFORMS MARKET 131
FIGURE 34 MAJOR VENDORS, 2021 131
11.3 COMPETITIVE SCENARIO 131
FIGURE 35 MARKET EVALUATION FRAMEWORK 131
11.3.1 PRODUCT LAUNCHES 132
TABLE 156 NEW SERVICE/PRODUCT LAUNCHES, 2019–2021 132
11.3.2 DEALS 133
TABLE 157 DEALS, 2019–2021 13