Nonetheless, a low level of organized internet infrastructure facility along with the […] Digital Banking Market size estimated to be nearly USD 8 trillion in 2019 and is poised to register gains at over 6% CAGR from 2020 to 2026.Total global digital payment transactions exceeded 750 billion in volume, with the value accounting for over USD 700 trillion. The far-reaching trends underlying Javelin’s forecasts will influence digital investments by banks and credit unions, the pursuit of mobile parity without neglecting the dominant online channel, and the necessity of finding the right balance between physical and digital banking channels. The mobile banking forecast also heralds a turning point. The start of 2020 saw a digital banking license race in Singapore; and in Europe, startup banks like Monzo, Revolut and N26 have emerged, adding to the competitive landscape. Industry Trends. For instance, the Bank of England has announced to modernize its Real-Time Gross Settlement system (RTGS) with Blockchain technology by 2020. What is even more impressive is the spike in digital sales—the holy grail in digital banking. The prominent use of the digital devices in efficiently handling business, burgeoning demand for cloud-based services, and a mounting number of smartphone devices are the key factors that are projected to accelerate the progression of the digital banking market over the forecast timespan. PDF. January 2014: OBR 224. The report provides analysis of global digital banking market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. Jim Bruene. The Report 2020-2026 Global Digital Transformation in Banking and Finance Market Report Industry analyses the important factors of this market based on present industry situations, market demands, business strategies utilized by Digital Transformation in Banking and Finance market players and their growth … +1(646)661-6066 query@kbvresearch.com To study and analyze the global Digital Banking market size by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025. 19 Similarly, digital roadshows became the norm in marketing securities. Digital Banking Forecast. Expanded significance of advanced client experience, shorter substitution cycle, and higher security and dependability are some of the major factors driving the market growth. Bank of America’s business banking app witnessed a 117% growth in mobile check deposits. Download Printable Version of this page. Current, future and historical usage: 1994 to 2023. Similarly, there are several other innovations done by some players operating in the digital banking market. Pages. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. The global digital banking market is anticipated to grow at substantial CAGR above 4% throughout the forecast period. Digital Banking Market is valued at USD 4532.8 Million in 2018 and expected to reach USD 12027.9 Million by 2025 with the CAGR of 14.96% over the forecast period. The Global Digital Banking Platform Market size is expected to reach $9 billion by 2026, rising at a market growth of 16% CAGR during the forecast period. This includes the introduction of watch banking solutions. Format. 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