- 21 June 2019 23:17
Digital Banking Market Global Adoption:2019-2026
As per a recent report published by ACUMEN RESEARCH & CONSULTING, The global digital banking market is anticipated to grow at substantial CAGR above 4% throughout the forecast period.
Digital banking is the digitization (or moving online) of all the traditional banking activities and programs that historically were only available to customers when physically inside of a bank branch. This includes activities like:
Money Deposits, Withdrawals, and Transfers, Checking/Saving Account Management, Applying for Financial, Products, Loan Management, Bill Pay, Account Services. Retail banking holds over 75% share in the digital banking market. The market is driven by the rising adoption of the internet and smartphones across the countries. Transactional services account for more than 90% share in the digital banking market. The market growth is credited to the growing adoption of electronic & mobile payment solutions. Asia Pacific is dominating the digital banking market with over 60% stake in 2017. The growing penetration of internet services and the adoption of smartphones are supporting market growth.
Digital Banking Market, By Type: Retail Banking,Corporate Banking, Investment Banking, Digital Banking
Market, By Service: Transactional Services, Non-Transactional Services
Global Digital banking Market, by Geography: North America, Europe, Asia-Pacific, Australia, Middle East and Africa (MEA), Rest of MEA
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