India digital banking platforms market is expected to grow at a formidable rate during the forecast period. The growth of the India digital banking platforms market can be majorly attributed to growing requirement to provide better experience to the users by the banks. In addition to this, mounting application of cloud-based platforms is positively influencing the market growth in the country. Moreover, an advanced digital banking platform is highly adaptable, thus driving the market growth. In addition to this, many banks in the country have witnessed a significant uplift in the number of accounts being opened in a year. Therefore, to complete the task more efficiently and on time without any other human errors, majority of the banks have adopted digital banking platform which is anticipated to drive the India digital banking platforms market in the forthcoming years.
Based on banking type, the digital banking platforms market is bifurcated into Retail Banking and Corporate Banking. Among them, Retail banking is projected to dominate the market in the forthcoming years, which can be attributed to the growing expectations of personalization by retail customers. Additionally, with the increasing number of channels, financial institutions are changing their operating processes to provide customers with premium services and improve their account management.
Market players in the India digital banking platforms market include EdgeVerve, TCS, Intellect Design Arena, ieDigital, Oracle, SAP, Accenture, IBM India Private Limited, Finastra and FIS. The key players are investing more to develop new technologies in order to increase their customer bases. The major digital banking platform vendors are now developing smart and intelligent banking platforms to meet both bank and customer needs in order to expand their geographic reach.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of India
digital banking platforms market.
- To forecast India digital banking platforms market
based on banking type, deployment mode, banking mode and regional
distribution.
- To identify drivers and challenges for India
digital banking platforms market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions etc. in India
digital banking platforms market.
- To conduct the pricing analysis for India
digital banking platforms market.
- To identify and analyze the profile of leading
players operating in the India digital banking platforms market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of digital banking platforms service providers across the
country. Subsequently, TechSci Research conducted primary research surveys with
the identified companies. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research
could include the suppliers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product types,
application types and presence of all major digital banking platforms service
providers across the country.
TechSci
Research calculated India digital banking platforms market size by using a
bottom-up approach, where data for various end user industries and its
application across various product types were recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor presentations
and financial reports were also studied by TechSci Research.
Key Target
Audience:
- Digital banking platforms suppliers
- Government bodies such as regulating
authorities and policy makers
- Industry associations
- Organizations, forums and alliances related to
digital banking platforms market
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as product
service providers and partners, end users etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India digital banking
platforms market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, By Banking Type:
- Retail Banking
- Corporate Banking
- Market, By Deployment
Mode:
- Market, By Banking
Mode:
- Online Banking
- Mobile Banking
- Market,
By Region:
- North Region
- West Region
- East Region
- South Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India digital banking platforms market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a 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).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
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be released soon. If you wish an early delivery of this report or want to
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