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Digital Banking Market Share

Report ID: GMI2651
Published Date: Jun 2024
Report Format: PDF

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Digital Banking Market Share

Infosys and SAP hold a significant market share of over 1% in the digital banking industry. These top digital banking firms, including Temenos AG, Finastra, Infosys Limited, Tata Consultancy Services, Oracle Corporation, Sopra Steria, and Appway AG, employ focused strategies to excel in the competitive landscape. Temenos AG prioritizes cloud-native solutions and AI-driven analytics, while Finastra emphasizes open APIs for seamless integration. Infosys leverages AI for personalized experiences, Tata Consultancy Services adopts digital-first approaches, and Oracle provides scalable technologies. Sopra Steria offers end-to-end digital transformation, and Appway AG specializes in client onboarding automation, ensuring they stay at the forefront of digital innovation in banking.

Digital Banking Market Companies

Major players operating in the digital banking industry are:

Etronika
Fidor Solutions AG
Finastra
Infosys
Oracle Corporation
SAB
SAP
Tata Consultancy Services Limited
Technisys S.A
Temenos AG

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of digital banking reached USD 10.9 trillion in 2023 and is set to witness 3% CAGR between 2024 and 2032, led by supportive government policies and growth of the ecommerce industry.

The transactional services segment held 82% of the market share in 2023, owing to the immediate financial needs, streamlined fund transfers, automated payments, and simplified digital loan processes offered by transactional services.

Asia Pacific market accounted for 69% revenue share in 2023, driven by rapid internet connectivity, large populations, and widespread adoption of mobile payment platforms.

Etronika, Fidor Solutions AG, Finastra, Infosys, Oracle Corporation, SAB, SAP, Tata Consultancy Services Limited, Technisys S.A, and Temenos AG.