Global digital banking industry set to raise $ 1,702.4 billion by 2026, up 10.0% CAGR during COVID-19 disaster

The COVID-19 pandemic has had an optimistic impact on the growth of the global digital banking market in 2020. The increasing adoption of digital banking solutions during the pandemic period is driving the growth of the global market. Market players are likely to open up new opportunities for the market in the coming years.

New York, USA, September 20, 2021 (GLOBE NEWSWIRE) – A final report on the global digital banking market published by Research Dive sheds light on the impact of the COVID-19 pandemic on the current and future scope of the market. This report is a useful study for stakeholders, investors, market players and new entrants seeking comprehensive information on the impact of COVID-19 on market growth.

Access to a sample PDF report here! @ https://www.researchdive.com/download-sample/255

Highlights of the report:

The COVID-19 pandemic has positively impacted the growth of the global digital banking market in 2020. According to the report, the global digital banking market has generated $ 803.8 billion in 2018 and is estimated to exceed $ 1,702.4 billion, growing at a CAGR of 10.0% by 2026. In the present situation, the size of the market has increased due to the growing acceptance of mobile payment options by people all over the world.

Factors Driving Market Growth During COVID-19 Crisis:

With the outbreak of the pandemic, banking operations were severely affected. As a result, people are increasingly adopting digital banking solutions to enable stress-free banking and avoid direct contact with people amid the pandemic. In addition, to support and meet the monetary needs of customers, banks are developing business models and implementing advanced technologies, such as artificial intelligence and human resources, to deliver the smooth running of marketing operations and the digital delivery of products and services. These factors are expected to fuel the growth of the global market.

Learn about the impact of COVID-19 on the digital banking industry. Click here to schedule a call to speak to our expert analyst to Triangulate with your own data @ https://www.researchdive.com/connect-to-analyst/255

Current market face due to COVID-19:

Before the outbreak of the pandemic, the market was estimated at $ 947.3 billion in 2020. In the current situation, the size of the market has grown and reached $ 972.2 billion in 2020.

The acceleration in market growth is mainly due to the increasing investments in digital banking services by the major market players around the world in this time of pandemic. Customers are increasingly exploiting the advantages of online banking and using online and digital banking substitutes, which is further expected to fuel the growth of the market.

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Future scope of the market:

According to the report, the global digital banking market is expected to experience continued growth even after the end of the COVID-19 pandemic, owing to growing partnerships, investments in R&D activities, and new developments in the market. Some of the main players, such as

  1. ackbase

  2. Temenos

  3. Oracle

  4. Fiserv

  5. Halcom

  6. Appway

  7. ebanklT

  8. Crealogix

  9. ETRONIKA

  10. Fidor

  11. Finastra

  12. Intellectual design arena

  13. Digital IE

  14. Kony

  15. NETinfo

  16. EdgeVerve Systems

  17. BNY Mellon

  18. NF Innova

  19. SAB, TCS

  20. Technisys

and others, are expected to come up with innovative developments and pave the way for lucrative opportunities for market growth in the years to come.

For example, in June 2021, ICICI Bank, one of the leading private sector banks in India offering online banking and personal banking, launched digital banking solutions for businesses to provide digital banking services. personalized to companies in 15 sectors.

Besides, the report contains detailed information of major business manufacturers such as SWOT analysis, product portfolio, financial position – Inquire to access the detailed report on the development strategy of the best companies

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