Digital banking includes all kinds of online/internet transactions done for various purposes.
Customer convenience, higher interest rates, and technologically advanced interface majorly drive the market. High security risk of customer’s data hinders the market growth. Growth in smartphone usage, increase in internet penetration among consumers, and increasing technology and growth of developing economies in Asia-Pacific region are some of the key factors, which are fueling the market growth.

Market Analysis and Insights: Global Online Banking Market
The global Online Banking market size is projected to reach US$ 27860 million by 2027, from US$ 11620 million in 2020, at a CAGR of 12.8% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Online Banking market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Online Banking market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Online Banking market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Online Banking market.

Global Online Banking Scope and Market Size
Online Banking market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Online Banking market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Retail Banking
Corporate Banking
Investment Banking

Segment by Application
Payments
Processing Services
Customer and Channel Management
Risk Management
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
ACI
Microsoft
Fiserv
Tata Consultancy Services
Cor Financial Solutions
Oracle
Temenos
Rockall Technologies
EdgeVerve Systems
Capital Banking
CGI