India Digital Banking Market is expected to grow at a CAGR of over 22% during 2019-2024 owing to growing technological advancements, increasing internet penetration and growing number of smartphone users in India. Digital banking has made banking faster, easier, convenient and more efficient which drives the growth of the digital banking market in the country. Moreover, growing population in India, brick and mortar banks would not be able to provide services to their increasing customers base that’s why the customers are moving towards the digital banking systems and banks are pushing their customers for digital banking systems since the digital banking system can serve large customers and can manage large customer databases. Based on product type, the market has been categorised into PC and Mobile. In 2018, PC segment dominated the market owing to increasing internet penetration among consumer and the mobile segment is anticipated to dominate the market during forecast period. Moreover, growing technological advancements in digital banking system and emerging technologies like Artificial Intelligence, IoT etc. have changes the way how banks provide services to their customers. In India, more and more banks are opting for smaller branches and pushing their customers for mobile and internet channels, this has increased the bank’s efficiency. Furthermore, the digital India programme, a flagship programme of the government of India to transform India into digitally empowered economy and country, will further drive the India Digital Banking Market during the forecast period.

Years considered for this report:

Historical Year : 2014-2017

Base Year : 2018

Estimated : 2019

Forecast : 2020-2024

Objective of the Study:

  • To define, classify and forecast the India Digital Banking market based on type, end user, region and company.
  • To analyse and forecast the India Digital Banking market size.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, based on end use sectors and regions, namely, North, South, East and West.
  • To identify the supporting factors and challenges for the India Digital Banking market.
  • To strategically profile leading players operating in the India Digital Banking market.


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Some of the leading players in the India Digital Banking Market are SAP, Infosys, Innofis, D3 Banking Technology, Alkami, Misys, Q2 ebanking, API, TCS, Accenture etc.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of Digital Banking companies and service providers operating in India. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. TechSci Research analysed product offerings, services and regional presence of all major Digital Banking companies across India.

TechSci Research calculated the market size for India Digital Banking market using a bottom-up technique, wherein sales value data of different accounting companies was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of Digital Banking companies to arrive at the overall market size.

 

Key Target Audience:

  • Digital Banking Companies
  • End users of Digital Banking such as Retail Sector, SMEs, Corporate Digital Banking etc.
  • Research & development organizations and consulting firms
  • Associations, organizations, forums and alliances related to payment ecosystem and payment security
  • Government bodies such as regulating authorities and policy makers

The study is useful in providing answers to several critical questions that are important for the industry stakeholders, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India Digital Banking Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type of Product:
    • PC
    • Mobile
  • Market, By End User:
    • Retail Digital Banking
    • SME Digital Banking
    • Corporate Digital Banking
  • Market, by Region:
    • North Region
    • South Region
    • West Region
    • East Region

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Digital Banking Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Digital Banking: An Introduction and Classification

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customers/End User Analysis

4.1.  Customer Expectation

4.2.  Customer Satisfaction Level

4.3.  Challenges & Unmet Needs

5.    India Digital Banking Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type of Product (PC and Mobile)

5.2.2.     By End User (Retail Digital Banking, SME Digital Banking and Corporate Digital Banking)

5.2.3.     By Company

5.2.4.     By Region

5.3.  Market Attractiveness Index

6.    India PC Digital Banking Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By End User

6.2.2.     By Region

6.3.  Market Attractiveness Index

7.    India Mobile Digital Banking Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By End User

7.2.2.     By Region

7.3.  Market Attractiveness Index

8.    PEST Analysis

9.    Market Dynamics

9.1.  Impact Analysis

9.2.  Drivers

9.3.  Challenges

10.  Market Trends & Developments

11.  India Economic Profile

12.  Policy & Regulatory

12.1.  Government Initiatives and Other regulatory aspects

13.  Competitive Landscape

14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com