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Asia Pacific Digital Banking Platform Market to 2027 - Regional Analysis and Forecasts by Deployment; Type

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    Report

  • 130 Pages
  • August 2019
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 4841332
UP TO OFF until Jun 30th 2023
Asia-Pacific digital banking platform market in is expected to grow from US$ 732.3 Mn in 2018 to US$ 2,423.8 Mn by the year 2027. This represents a CAGR of 11.0% from the year 2018 to 2027. The demand of smartphones and other consumer devices is witnessing immense growth in both developed and developing countries majorly due to technology advancements and digital services that are offered by various industries. In the current scenario, consumer devices are being widely used by consumers for availing various digital services. Consumer devices such as smartphones, tablets, PCs, etc. have become an integral part of today’s consumers’ lives. The rising disposable income level and increasing demand for better services from customers are some of the factors that are driving the adoption of smart devices. The increasing demand of smartphones will drive the number of digital banking customers in the near future, which in turn boost the growth of digital banking platform market.

The evolving architectures and advanced features of today’s cloud platforms are boosting the adoption of cloud based solutions in each and every industry vertical including banking and financial sector. Presently, cloud based digital banking platform solutions are being adopted by various banks due to low initial investments and fast updates offered by these solutions; and this trend in digital banking platform market is anticipated to grow during the forecast period of 2019 to 2027. With investment in cloud based digital banking platform solutions, banks are anticipated to reduce their operational costs, enhance customer experience, thus increasing the productivity and revenues. Each bank requires a customized digital banking solution based on their specific requirements and using cloud based solutions for these specific needs is considered as the best business model for most banks worldwide. The increased digitization across the BFSI sector is expected to create lucrative business opportunities in the digital banking platform market.

The Asia-Pacific digital banking platform market is fragmented with the presence of several companies and the competitive dynamics in the market is expected to change during the upcoming years. Additionally, the government of various countries are taking initiatives to promote the digital banking. For instance, the Hong Kong Monetary Authority granted eight digital banking licenses in the region in 2019 under its smart banking initiatives. Therefore, government initiatives are expected to drive the growth of digital banking platform market in the region.

The Asia-Pacific digital banking platform market by deployment type is segmented into on-premise and cloud. The cloud-based uses virtual technology to host the applications of enterprises offsite. Thus, it is largely adopted by small and medium enterprises. Deployment of cloud reduces capital-related expenses, the feature of data backup daily is available, and also the businesses are allowed to pay only for the resources they use. The cloud deployment market is primarily driven by the growing adoption of cloud technology across the industry verticals and the increasing need for amended operations in the business. The growing trend of digital banking platforms is positively impacting the cloud market. The government of numerous countries is taking initiatives to promote digital banking platforms which is expected to positively influence digital banking platform market. Companies are offering cloud services to digital banking platform providers to provide smooth transactions. Cloud service provides fast & reliable transactions, secure payments, and responsive customer support. Thus, the growing popularity of cloud based solutions is also expected to support the growth of digital banking platform market.

The overall Asia-Pacific digital banking platform market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia-Pacific digital banking platform market. It also provides the overview and forecast for the Asia-Pacific digital banking platform market based on all the segmentation provided with respect to Asia-Pacific region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the digital banking platform industry. Some of the players present in digital banking platform market Appway AG, CREALOGIX Holding AG, EdgeVerve Systems Limited, Fiserv, Inc., Oracle Corporation, SAP SE, Sopra Steria, Tata Consultancy Services, Limited (TCS), Temenos Headquarters SA, Worldline among others.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Digital Banking Platform Market - By Type
1.3.2 Asia-Pacific Digital Banking Platform Market - By Deployment
1.3.3 Asia-Pacific Digital Banking Platform Market - By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Digital Banking Platform- Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Asia Pacific PEST Analysis
5. Digital Banking Platform Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing penetration of digitization across banking industry is fuelling the demand for digital banking platforms
5.1.2 Increasing popularity of digital banking services among customers
5.2 Key Market Restraints
5.2.1 Lack of cloud infrastructure and requirement of data localization in countries
5.3 Key Market Opportunities
5.3.1 Growing adoption of cloud based solutions
5.4 Future Trends
5.4.1 Increasing partnerships between traditional banks and fintech companies
5.5 Impact Analysis of Drivers and Restraints
6. Asia-Pacific Digital Banking Platform Market-Analysis
6.1 Asia-Pacific Digital Banking Platform Market Overview
6.2 Asia-Pacific Digital Banking Platform Market Forecast and Analysis
7. Asia-Pacific Digital Banking Platforms Market - By Deployment
7.1 Overview
7.2 Asia-Pacific Digital Banking Platforms Market Breakdown, by Deployment, 2018 & 2027
7.3 Cloud
7.3.1 Overview
7.3.2 Asia-Pacific Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 On-Premise
7.4.1 Overview
7.4.2 Asia-Pacific On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia-Pacific Digital Banking Platforms Market - By Type
8.1 Overview
8.2 Digital Banking Platforms Market Breakdown, by Type, 2018 & 2027
8.3 Corporate Banking
8.3.1 Overview
8.3.2 Asia-Pacific Corporate Banking Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Retail Banking
8.4.1 Overview
8.4.2 Retail Banking Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia-Pacific Digital Banking Platform Market- Country Analysis
9.1 Overview
9.1.1 Asia Pacific Digital Banking Platform Market Breakdown, By Key Countries
9.1.1.1 China Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 China Digital Banking Platform Market Breakdown by Deployment
9.1.1.1.2 China Digital Banking Platform Market Breakdown by Type
9.1.1.2 Japan Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Japan Digital Banking Platform Market Breakdown by Deployment
9.1.1.2.2 Japan Digital Banking Platform Market Breakdown by Type
9.1.1.3 India Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 India Digital Banking Platform Market Breakdown by Deployment
9.1.1.3.2 India Digital Banking Platform Market Breakdown by Type
9.1.1.4 Australia Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.4.1 Australia Digital Banking Platform Market Breakdown by Deployment
9.1.1.4.2 Australia Digital Banking Platform Market Breakdown by Type
9.1.1.5 South Korea Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.5.1 South Korea Digital Banking Platform Market Breakdown by Deployment
9.1.1.5.2 South Korea Digital Banking Platform Market Breakdown by Type
9.1.1.6 Rest of APAC Digital Banking Platform Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.6.1 Rest of APAC Digital Banking Platform Market Breakdown by Deployment
9.1.1.6.2 Rest of APAC Digital Banking Platform Market Breakdown by Type
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 Appway AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CREALOGIX Holding AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 EdgeVerve Systems Limited
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Fiserv, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Oracle Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SAP SE
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Business Description
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sopra Steria
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Tata Consultancy Services Limited
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Temenos Headquarters SA
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Worldline SA
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publishers
12.2 Glossary

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Appway AG
  • CREALOGIX Holding AG
  • EdgeVerve Systems Limited
  • Fiserv, Inc.
  • Oracle Corporation
  • SAP SE
  • Sopra Steria
  • Tata Consultancy Services Limited (TCS)
  • Temenos Headquarters SA
  • Worldline SA