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Global Digital Banking Market to Reach $30.1 Billion by 2026

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New York, Oct. 11, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Digital Banking Industry” – https://www.reportlinker.com/p05817925/?utm_source=GNW
Personal cheques and hard currency are becoming less popular, while increasing investments in FinTech solutions have pushed up innovations such as PayPal, Square, Apple Pay and cryptocurrencies, thereby boosting the cashless age. Contactless card payments have made even smaller value transactions/payments faster and easier. Other major factors driving the world towards a cashless society include launch of chip and pin payment cards, broadening ecosystem of smartphone payments apps, convergence of finance, banking and telecommunications, and rapid changes in custom, culture and regulations elicited by Internet technologies, strong penetration of Internet enabled smartphones etc. Strong venture capital funding of financial technology start-ups and their commercial innovations are disrupting the status quo held by cash. Stringent regulations and policies and sops such as reduction in value-added tax (VAT) rates on card payments are additionally encouraging the evolution of cashless societies. A key reason for the regulatory clampdown on cash in developing countries is the growing burden of cash usage such as costs associated for handling the cash i.e. paper currency printing, deployment/maintenance of ATMs, high risk of money laundering, higher ability to manipulate cash transactions for tax avoidance, breeding of large unorganized sectors that create “shadow economies” that make no contribution to a economy`s GDP growth, inability of the government to impose fiscal controls, reduced productivity of the banking sector in terms of foregone interest, reduced corporate dividends, high counterfeiting costs, among others.

Amid the COVID-19 crisis, the global market for Digital Banking estimated at US$12.1 Billion in the year 2020, is projected to reach a revised size of US$30.1 Billion by 2026, growing at a CAGR of 15.7% over the analysis period. Retail Banking, one of the segments analyzed in the report, is projected to grow at a 14.3% CAGR to reach US$14.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Corporate Banking segment is readjusted to a revised 18.4% CAGR for the next 7-year period. This segment currently accounts for a 34.8% share of the global Digital Banking market.

The U.S. Market is Estimated at $4.3 Billion in 2021, China is Forecast to Reach $4.6 Billion by 2026

The Digital Banking market in the U.S. is estimated at US$4.3 Billion in the year 2021. The country currently accounts for a 28.78% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$4.6 Billion in the year 2026 trailing a CAGR of 19.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11% and 13.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR while Rest of European market (as defined in the study) will reach US$5.2 Billion by the close of the analysis period.

Mobile banking sector has emerged as a channel to attract new customers and generate revenues. Several banks use the mobile channel as a strategic differentiator, as customers can use this channel to avail anywhere, anytime access to a wide range of banking products and services. Mobile platform is also considered as an essential service by financial institutions to compete effectively in the market. Mobile phones are increasingly being used to carry out banking related functions, for instance balance inquiries. Banks can reduce costs associated with call center operations by reducing transaction time and cost, and in the process ensure customer satisfaction. Mobile banking is emerging as a mainstream consumer banking channel, as against its earlier status as a niche segment. Mobile banking services are used for make payments, money transfers including account-to-account transfers, access account information, opening accounts, applying for credit extension or loans, locating bank branches or ATMs, make investments, and access content services. Demand for mobile banking services is forecast primarily come from customers in industrialized countries. On-the-go customers, and the younger generation are anticipated to drive demand for mobile banking services. Lack of bank branching infrastructure in developing markets is also expected to boost demand for mobile banking services and correspondingly boost the volume of mobile data traffic.

Investment Banking Segment to Reach $5 Billion by 2026

In the global Investment Banking segment, USA, Canada, Japan, China and Europe will drive the 13% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$615.6 Million by the year 2026.
Select Competitors (Total 222 Featured)

  • Appway AG
  • Backbase
  • EdgeVerve Systems Limited
  • Fidor Solutions AG
  • Fiserv, Inc.
  • NETinfo PLC
  • NF Innova
  • Oracle Corporation
  • SAP AG
  • Tata Consultancy Services Limited
  • Technisys
  • Temenos Group AG

Read the full report: https://www.reportlinker.com/p05817925/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Internet Infrastructure Provides the Cornerstone for the Growth
of Digital Banking
Global Efforts to Go Cashless Provides Policy Led Support for
the Evolution of Digital Banking
EXHIBIT 1: Spurred by the Pandemic & Its Low Touch Norm, Rapid
Progress Towards a Cashless Society Provides Opportunities On
a Platter for Digital Banking Technologies & Services: Global
Volume of Non-Cash Transactions (In Billion) for the Years
2018, 2020 & 2022
The Race Between the Virus & Vaccines Intensifies. Amidst this
Chaotic Battle, Where is the World Economy Headed in 2021?
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
EXHIBIT 2: How Fast the World is Vaccinated Will Determine How
Soon the Pandemic Will End: Global Number of Annual COVID-19
Vaccine Doses (In Million) for Years 2020 through 2025 by
Geographic Region/Country
As India Burns Amid a Lethal Double & Triple Mutation Driven
Second Wave, Its Clear That Equity is Not a Part of Global
Policy on Tackling COVID
EXHIBIT 3: What We Know So Far – ?Vaccine Efficiency Against
New Strains is Decreasing?
Progress on Vaccinations, Why Should Businesses Care?
With IMF?s Upward Revision of Global GDP Forecasts for 2021,
Most Companies Are Bullish About a Global Economic Comeback
EXHIBIT 4: A Strong 2021 Economic Rebound Based On Pent-Up
Demand Comes as a Relief for Suffering Industries & Markets:
World Economic Growth Projections (Real GDP, Annual % Change)
for 2020 through 2022
EXHIBIT 5: Easing Unemployment Levels in 2021 Although Moderate
Will Infuse Hope for Industries Reliant on Consumer
Discretionary Incomes: Global Number of Unemployed People (In
Million) for Years 2019, 2020, 2021, and 2022
A Retrospective Review of Year 2020 as the Worst Year in
Humanity?s History that Left the World in Shambles &
Industries and Markets Upended
Digital Banking: Definition, Overview, Importance & Benefits
Recent Market Activity
Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Digital Lifestyles & the Ensuing Rise in FTTH Connections
Encourage Internet Banking Habits
EXHIBIT 6: More Homes With Fiber Internet Increases the Odds of
Digital Banking Adoption: Global Fiber-to-the-Home/Building:
(FTTH/B) Market (In US$ Million) for Years 2020, 2022, 2024,
and 2026
Spectacular Rise in eCommerce and mCommerce Strengthens the
Business Case for Digital Banking
EXHIBIT 7: Global B2C E-Commerce Sales in US$ Trillion for the
Years 2019, 2020, 2021, 2022, 2023, 2024, and 2025
EXHIBIT 8: Retail M-Commerce Sales as % of Retail E-commerce
Sales Worldwide for the Years 2016, 2018, 2020 & 2022
Pandemic Fast Forwards eCommerce Growth
EXHIBIT 9: Global B2C e-Commerce Market Reset & Trajectory –
Growth Outlook (In %) For Years 2019 Through 2025
Mobile Wallets & Payments Go Mainstream as Mobile Banking Gains
Popularity
Mobile Banking: A Primer
Share of Mobile Payments Becomes Bigger
Developments in Mobile Wallets Encourage Increase in Mobile
Payments
Mobile Money Flourishes in Developing Countries
The Rise of the On-Demand Economy & Customer Self-Service Tilts
Digital Banking Technologies into the Mass Adoption Stage
Robust Developments in Biometrics to Counter Fraud to Infuse
Confidence in Digital Banking
Here?s How Biometrics Role in Banking and Financial
Institutions is Getting Bigger
Regulatory Mandates Promote Adoption Biometrics Technology in
Banking Sector
EXHIBIT 10: Global Market for Biometrics for Banking and
Financial Services (In US$ Million) for Years 2020, 2022,
2024 & 2026
Growing Ubiquity of Electronic Bill Presentment & Payment:
(EBPP) Systems Forces Customers to Move Towards Electronic
Modes of Payment
EXHIBIT 11: Global Number of Electronic Bills Presented for
Payment (In Billion) for Years 2020, 2022, 2024 & 2026
Growing Focus on Environmental Sustainability to Benefit
Digital Banking
Role of Artificial Intelligence in Banking Gets Bigger
Blockchain Emerges to Disrupt the Banking Industry
Online Banking Fraud Could Become History With Blockchain
EXHIBIT 12: Mind Bending Losses Accruing Due to Online Banking
Fraud Pushes Up the Urgency to Explore the Unrivalled Security
Benefits Offered by Blockchain: Cumulative Global Online
Fraud (In US$ Billion) Between 2020 to 2024 by Region
Blockchain-based Payments Processing: An Active Area of
Interest for Banks
EXHIBIT 13: Global Market for Blockchain in Financial Services
Sector (In US$ Million) for Years 2020, 2022, 2024 & 2026
Big Data Explosion, a Fallout of Digitalization of Banking
Activities
Is Quantum Computing Ripe for the Banking Industry?

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Digital Banking by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 2: World 7-Year Perspective for Digital Banking by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2020 & 2027

Table 3: World Current & Future Analysis for Retail Banking by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 4: World 7-Year Perspective for Retail Banking by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 5: World Current & Future Analysis for Corporate Banking
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 6: World 7-Year Perspective for Corporate Banking by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 7: World Current & Future Analysis for Investment Banking
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 8: World 7-Year Perspective for Investment Banking by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 9: World Current & Future Analysis for Payments by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 10: World 7-Year Perspective for Payments by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2020 & 2027

Table 11: World Current & Future Analysis for Processing
Services by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 12: World 7-Year Perspective for Processing Services by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 13: World Current & Future Analysis for Customer &
Channel Management by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 14: World 7-Year Perspective for Customer & Channel
Management by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2020 & 2027

Table 15: World Current & Future Analysis for Wealth Management
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 16: World 7-Year Perspective for Wealth Management by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 17: World Current & Future Analysis for Other Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 18: World 7-Year Perspective for Other Services by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 19: World Current & Future Analysis for Cloud-Based by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 20: World 7-Year Perspective for Cloud-Based by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 21: World Current & Future Analysis for BaaS by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 22: World 7-Year Perspective for BaaS by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2020 & 2027

Table 23: World Current & Future Analysis for BaaP by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 24: World 7-Year Perspective for BaaP by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2020 & 2027

Table 25: World Current & Future Analysis for White Label
Banking by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 26: World 7-Year Perspective for White Label Banking by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 27: World Current & Future Analysis for Chatbots by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 28: World 7-Year Perspective for Chatbots by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 29: USA Current & Future Analysis for Digital Banking by
Type – Retail Banking, Corporate Banking and Investment Banking –
Independent Analysis of Annual Revenues in US$ Million for
the Years 2020 through 2027 and % CAGR

Table 30: USA 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 31: USA Current & Future Analysis for Digital Banking by
Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 32: USA 7-Year Perspective for Digital Banking by Service –
Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 33: USA Current & Future Analysis for Digital Banking by
Technology – Cloud-Based, BaaS, BaaP, White Label Banking and
Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 34: USA 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

CANADA
Table 35: Canada Current & Future Analysis for Digital Banking
by Type – Retail Banking, Corporate Banking and Investment
Banking – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 36: Canada 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 37: Canada Current & Future Analysis for Digital Banking
by Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 38: Canada 7-Year Perspective for Digital Banking by
Service – Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 39: Canada Current & Future Analysis for Digital Banking
by Technology – Cloud-Based, BaaS, BaaP, White Label Banking
and Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 40: Canada 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

JAPAN
Table 41: Japan Current & Future Analysis for Digital Banking
by Type – Retail Banking, Corporate Banking and Investment
Banking – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 42: Japan 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 43: Japan Current & Future Analysis for Digital Banking
by Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 44: Japan 7-Year Perspective for Digital Banking by
Service – Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 45: Japan Current & Future Analysis for Digital Banking
by Technology – Cloud-Based, BaaS, BaaP, White Label Banking
and Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 46: Japan 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

CHINA
Table 47: China Current & Future Analysis for Digital Banking
by Type – Retail Banking, Corporate Banking and Investment
Banking – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 48: China 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 49: China Current & Future Analysis for Digital Banking
by Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 50: China 7-Year Perspective for Digital Banking by
Service – Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 51: China Current & Future Analysis for Digital Banking
by Technology – Cloud-Based, BaaS, BaaP, White Label Banking
and Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 52: China 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

EUROPE
Table 53: Europe Current & Future Analysis for Digital Banking
by Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 54: Europe 7-Year Perspective for Digital Banking by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2020 & 2027

Table 55: Europe Current & Future Analysis for Digital Banking
by Type – Retail Banking, Corporate Banking and Investment
Banking – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 56: Europe 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 57: Europe Current & Future Analysis for Digital Banking
by Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 58: Europe 7-Year Perspective for Digital Banking by
Service – Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 59: Europe Current & Future Analysis for Digital Banking
by Technology – Cloud-Based, BaaS, BaaP, White Label Banking
and Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 60: Europe 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

FRANCE
Table 61: France Current & Future Analysis for Digital Banking
by Type – Retail Banking, Corporate Banking and Investment
Banking – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 62: France 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 63: France Current & Future Analysis for Digital Banking
by Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 64: France 7-Year Perspective for Digital Banking by
Service – Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 65: France Current & Future Analysis for Digital Banking
by Technology – Cloud-Based, BaaS, BaaP, White Label Banking
and Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 66: France 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

GERMANY
Table 67: Germany Current & Future Analysis for Digital Banking
by Type – Retail Banking, Corporate Banking and Investment
Banking – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 68: Germany 7-Year Perspective for Digital Banking by
Type – Percentage Breakdown of Value Revenues for Retail
Banking, Corporate Banking and Investment Banking for the Years
2020 & 2027

Table 69: Germany Current & Future Analysis for Digital Banking
by Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 70: Germany 7-Year Perspective for Digital Banking by
Service – Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 71: Germany Current & Future Analysis for Digital Banking
by Technology – Cloud-Based, BaaS, BaaP, White Label Banking
and Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 72: Germany 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

ITALY
Table 73: Italy Current & Future Analysis for Digital Banking
by Type – Retail Banking, Corporate Banking and Investment
Banking – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 74: Italy 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 75: Italy Current & Future Analysis for Digital Banking
by Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 76: Italy 7-Year Perspective for Digital Banking by
Service – Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 77: Italy Current & Future Analysis for Digital Banking
by Technology – Cloud-Based, BaaS, BaaP, White Label Banking
and Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 78: Italy 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

UNITED KINGDOM
Table 79: UK Current & Future Analysis for Digital Banking by
Type – Retail Banking, Corporate Banking and Investment Banking –
Independent Analysis of Annual Revenues in US$ Million for
the Years 2020 through 2027 and % CAGR

Table 80: UK 7-Year Perspective for Digital Banking by Type –
Percentage Breakdown of Value Revenues for Retail Banking,
Corporate Banking and Investment Banking for the Years 2020 &
2027

Table 81: UK Current & Future Analysis for Digital Banking by
Service – Payments, Processing Services, Customer & Channel
Management, Wealth Management and Other Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 82: UK 7-Year Perspective for Digital Banking by Service –
Percentage Breakdown of Value Revenues for Payments,
Processing Services, Customer & Channel Management, Wealth
Management and Other Services for the Years 2020 & 2027

Table 83: UK Current & Future Analysis for Digital Banking by
Technology – Cloud-Based, BaaS, BaaP, White Label Banking and
Chatbots – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 84: UK 7-Year Perspective for Digital Banking by
Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

REST OF EUROPE
Table 85: Rest of Europe Current & Future Analysis for Digital
Banking by Type – Retail Banking, Corporate Banking and
Investment Banking – Independent Analysis of Annual Revenues in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 86: Rest of Europe 7-Year Perspective for Digital Banking
by Type – Percentage Breakdown of Value Revenues for Retail
Banking, Corporate Banking and Investment Banking for the Years
2020 & 2027

Table 87: Rest of Europe Current & Future Analysis for Digital
Banking by Service – Payments, Processing Services, Customer &
Channel Management, Wealth Management and Other Services –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 88: Rest of Europe 7-Year Perspective for Digital Banking
by Service – Percentage Breakdown of Value Revenues for
Payments, Processing Services, Customer & Channel Management,
Wealth Management and Other Services for the Years 2020 & 2027

Table 89: Rest of Europe Current & Future Analysis for Digital
Banking by Technology – Cloud-Based, BaaS, BaaP, White Label
Banking and Chatbots – Independent Analysis of Annual Revenues
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 90: Rest of Europe 7-Year Perspective for Digital Banking
by Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

ASIA-PACIFIC
Table 91: Asia-Pacific Current & Future Analysis for Digital
Banking by Type – Retail Banking, Corporate Banking and
Investment Banking – Independent Analysis of Annual Revenues in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 92: Asia-Pacific 7-Year Perspective for Digital Banking
by Type – Percentage Breakdown of Value Revenues for Retail
Banking, Corporate Banking and Investment Banking for the Years
2020 & 2027

Table 93: Asia-Pacific Current & Future Analysis for Digital
Banking by Service – Payments, Processing Services, Customer &
Channel Management, Wealth Management and Other Services –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 94: Asia-Pacific 7-Year Perspective for Digital Banking
by Service – Percentage Breakdown of Value Revenues for
Payments, Processing Services, Customer & Channel Management,
Wealth Management and Other Services for the Years 2020 & 2027

Table 95: Asia-Pacific Current & Future Analysis for Digital
Banking by Technology – Cloud-Based, BaaS, BaaP, White Label
Banking and Chatbots – Independent Analysis of Annual Revenues
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 96: Asia-Pacific 7-Year Perspective for Digital Banking
by Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

REST OF WORLD
Table 97: Rest of World Current & Future Analysis for Digital
Banking by Type – Retail Banking, Corporate Banking and
Investment Banking – Independent Analysis of Annual Revenues in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 98: Rest of World 7-Year Perspective for Digital Banking
by Type – Percentage Breakdown of Value Revenues for Retail
Banking, Corporate Banking and Investment Banking for the Years
2020 & 2027

Table 99: Rest of World Current & Future Analysis for Digital
Banking by Service – Payments, Processing Services, Customer &
Channel Management, Wealth Management and Other Services –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 100: Rest of World 7-Year Perspective for Digital Banking
by Service – Percentage Breakdown of Value Revenues for
Payments, Processing Services, Customer & Channel Management,
Wealth Management and Other Services for the Years 2020 & 2027

Table 101: Rest of World Current & Future Analysis for Digital
Banking by Technology – Cloud-Based, BaaS, BaaP, White Label
Banking and Chatbots – Independent Analysis of Annual Revenues
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 102: Rest of World 7-Year Perspective for Digital Banking
by Technology – Percentage Breakdown of Value Revenues for
Cloud-Based, BaaS, BaaP, White Label Banking and Chatbots for
the Years 2020 & 2027

IV. COMPETITION
Total Companies Profiled: 222
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Artificial Intelligence

CleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention

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Clever.AI will help brands achieve 66% higher conversion rates and 35% boost in operational efficiency
SAN FRANCISCO and MUMBAI, India, May 3, 2024 /PRNewswire/ — CleverTap, one of the leading all-in-one customer engagement and retention platforms, today announced the launch of Clever.AI, its AI engine. With Clever.AI, CleverTap seeks to enable brands with the next generation of AI capabilities required to build human-like understanding of customers and deliver personalized experiences efficiently that resonate with them, ultimately maximizing customer lifetime value.

Clever.AI is built on the foundation of three core AI pillars – Predictive, Generative, and Prescriptive. Clever.AI propels these three pillars to transform the way brands engage with customers and make customer interactions more intelligent, and efficient.
Clever.AI enables brands to become:
Insightful: With Predictive AI capabilities, it forecasts precise business outcomes, helping brands to anticipate customer needs. Clever.AI’s insights are powered by CleverTap’s proprietary TesseractDB™ which ensures data granularity with an extended lookback period, making predictions more accurate, and enabling brands to make informed decisions, resulting in improved marketing ROIEmpathetic: Taking GenAI forward, Clever.AI merges creativity with emotional intelligence, crafting content that resonates on a human level. This empathetic approach helps brands drive higher conversions and engages customers with hyper-personalized experiencesActionable: Leveraging Prescriptive AI capabilities, it provides actionable recommendations to maximize conversions throughout the customer journey by helping brands identify the optimal engagement strategies in real-timePeter Takacs, Digital Product Manager, Burger King said, “I would rate it 10 for its ease of use and numerous possible use cases. We uplifted our marketing campaigns by easily experimenting with multiple possibilities and quickly converging on the optimum one. It opens up a new era of continuous experimentation for us.”
Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “We’re thrilled to unveil Clever.AI, a testament of our pursuit over the last several years in leading the way in adopting the latest tech to transform customer engagement. We will continue to innovate CleverTap’s All-in-One engagement platform with Clever.AI enhancing its precision in predictions, its ability to prescribe intelligent customer experiences strengthened by advanced product analytics and deeper persona profiling to ensure brands can build highly personalized experiences, and campaigns more effectively, ensuring every customer interaction is personalized and outcome driven.”
With Clever.AI, brands have already experienced a boost in conversion with significantly higher operational efficiency. They witnessed a 66 percent increase in conversion rates, 35% boost in operational efficiency and a 3x improvement in click-through rates (CTRs), with an increase across metrics such as purchases, and average order values (AOVs). Moreover, Clever.AI enhanced operational efficiency by simplifying campaign roll-outs, content creation, and experimentation at scale. Clever.AI has helped leading brands like TouchnGo, Swiggy, Burger King add efficiency to their campaigns.
CleverTap will unveil its new AI capabilities through its Spring Release ’24 event slated from 6th May to 9th May, through a series of thought-provoking sessions on how AI can make campaigns more intelligent, efficient, and engaging for brands.
About CleverTap
CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.
The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.
Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in San Francisco, California, with presence in New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Delhi, Singapore, Jakarta, and Ho Chi Minh.
For more information, visit clevertap.com or follow us on: LinkedIn: https://www.linkedin.com/company/clevertap/X: https://twitter.com/CleverTap
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
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Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

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LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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