Digital Transformation In Banking Market is Booming Worldwide | Fiserv, IBM, Microsoft
Research Reports
Aug 06, 2021
A Latest intelligence report published by AMA Research with title “Digital Transformation In Banking Market Outlook to 2026. A detailed study accumulated to offer Latest insights about acute features of the Global Digital Transformation In Banking Market. This report provides a detailed overview of key factors in the Digital Transformation In Banking Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
Major Players in This Report Include,
Temenos AG (Switzerland), Fiserv (United States), Infosys Finacle (India), Sopra Banking (France), Broadridge (United States), Finastra (United Kingdom), SmartStream (London), IBM (United States), Microsoft (United States), Google (United States), SAP (Germany), Oracle (United States)
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Definition:
Digital transformation is the reinvention of business processes and business models, and the creation of new value, using the Internet of Things (IoT), Artificial Intelligence (AI), and other digital technologies. According to the sources, finance companies are the most advanced when it comes to digitalization, with 89% of them working toward digital transformation. They responded that 29% of their projects had already achieved business outcomes. The banking industry is in a digital arms race. Banks around the world are already realizing how investments in digital technologies could benefit customer acquisition and satisfaction. In 2018, banks globally plan to invest USD 9.7 billion to enhance their digital banking capabilities in the front office alone. Online and mobile have become as important, if not more important, channels for many retail banks as branches and ATMs.
Market Trend:
Increasing penetration of IoT and adoption of cloud services
Ease of access offered by blockchain and online services during COVID-19
Market Drivers:
Digitalizing organizational business functions to serve changing customer preferences and enhance operational efficiency
The rapid proliferation of mobile devices and apps
Challenges:
Lack of skilled personnel
Opportunities:
Increasing usage of disruptive technologies, such as AI, ML, and Big Data
Demand for personalized digital transformation
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The Global Digital Transformation In Banking Market segments and Market Data Break Down are illuminated below:
by Application (Banking, Financial Services, Insurance), Deployment Mode (On-premises, Cloud), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), Technology (Cloud Computing, AI, Big Data and Analytics, Mobility/Social Media, Cybersecurity, IoT, Others)
Digital Transformation In Banking the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Digital Transformation In Banking Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain. However overall estimates and sizing, various tables and graphs presented in the study gives an impression how big is the impact of COVID.
Geographically World Digital Transformation In Banking markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Digital Transformation In Banking markets will drive growth in the North American market over the next few years.
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In the last section of the report, the companies responsible for increasing the sales in the Digital Transformation In Banking Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.
Report Highlights:
- Comprehensive overview of parent market & substitute market
- Changing market dynamics in the industry (COVID & Economic Impact Analysis)
- In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
- Recent industry trends and development activity
- Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
Strategic Points Covered in Table of Content of Global Digital Transformation In Banking Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Digital Transformation In Banking market
Chapter 2: Exclusive Summary – the basic information of the Digital Transformation In Banking Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Digital Transformation In Banking
Chapter 4: Presenting the Digital Transformation In Banking Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Digital Transformation In Banking market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Digital Transformation In Banking Market is a valuable source of guidance for individuals and companies in decision framework.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Digital Transformation In Banking market?
- What are the key concerns of the five forces analysis of the Global Digital Transformation In Banking market?
- What are different prospects and threats faced by the dealers in the Global Digital Transformation In Banking market?
- What are the strengths and weaknesses of the key vendors?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Southeast Asia.
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