About Corporate Digital Banking
Corporate Digital banking solutions allow banks to provide flexible and convenient management of customer’s finances to corporate sector. It provides services in all devices which reduce the development and maintenance costs. Corporate digital banking solution offers various services such as cost optimization, real time interaction, personalized customer experience, and new revenue streams. Moreover, the solution can help to meet increasing customer demand, growing regulations, new banking competition and reduce costs pressures. These factors are increasing market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Corporate Digital Banking market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Urban FT (United States), Kony (United States), Backbase (Netherlands), Technisys (United States), Infosys (India), Digiliti Money (United States), Innofis (Spain), Mobilearth (Canada), D3 Banking Technology (United States) and Alkami (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Q2 (United States), Misys (United Kingdom) and SAP (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Corporate Digital Banking market by Type (Payments, Processing Services, Customer and Channel Management, Risk Management and Others), Application (Financial Services, Electronic Commerce and Other) and Region.
On the basis of geography, the market of Corporate Digital Banking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Transactional will boost the Corporate Digital Banking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Small- and Medium-Sized Enterprises will boost the Corporate Digital Banking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Electronic and Mobile Payment Solutions
Market Growth Drivers:
Change in Customer Behavior is Fueling the Market and Rising Investments in Fintech is affecting the Market Positively
Challenges:
Technical Issues May Hamper the Market
Restraints:
Increased Risk of Data Breach and Lack of Regulatory Framework
Opportunities:
Supporting Government Policies is Boosting the Market Growth and Growing E-Commerce Industry
Market Leaders and their expansionary development strategies
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Key Target Audience
Corporate digital banking service providers, Government associations, Research organizations, Enterprise software vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.