Report Description

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:
    • On-premises
    • Cloud
  • 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.
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

5.     India Digital Banking Platform Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.2.   Market Share & Forecast

5.2.1. By Banking Type (Retail Banking, Corporate Banking)

5.2.2. By Deployment Mode (On-premises, Cloud)

5.2.3. By Banking Mode (Online Banking, Mobile Banking)

5.2.4. By Region

5.2.5. By Company

6.     India Retail Banking Platform Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value  

6.2.   Market Share & Forecast

6.2.1. By Deployment Mode

6.2.2. By Banking Mode

7.     India Corporate Banking Platform Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value  

7.2.   Market Share & Forecast

7.2.1. By Deployment Mode

7.2.2. By Banking Mode

8.     Market Dynamics

8.1.   Drivers

8.2.   Challenges

9.     Market Trends & Developments

10.  Policy & Regulatory Landscape

11.  India Economic Profile

12.  Competitive Landscape

12.1.              Competition Outlook

12.2.              Company Profiles

12.2.1.   EdgeVerve

12.2.2.   TCS

12.2.3.   Intellect Design Arena

12.2.4.   ieDigital

12.2.5.   Oracle

12.2.6.   SAP

12.2.7.   Accenture

12.2.8.   IBM India Private Limited

12.2.9.   Finastra

12.2.10.                FIS

13.  Strategic Recommendations

 (Note: The companies list can be customized based on the client requirements)

Figures and Tables

Frequently asked questions






Srishti Verma

Business Consultant
Press Release

India Digital Banking Platforms Market to Grow at Substantial Rate During Forecast Period

Sep, 2019

Increasing adoption of cloud-based platforms and rising adoption of smartphones and tablets to drive India digital banking platforms market through 2024