India Digital Banking Platforms Market to Grow at Substantial Rate During Forecast Period
Increasing adoption of cloud-based platforms and rising
adoption of smartphones and tablets to drive India digital banking platforms market
through
2024.
According
to TechSci Research report, “India Digital Banking Platforms Market By Banking Type, By Deployment
Mode, By Banking Mode, Competition, Forecast & Opportunities, 2024”,
India digital banking platforms market is expected to grow at a formidable rate during
the forecast period on account of increasing penetration of internet in most of
the places coupled with rising number of online consumers. In addition, the
digital banking platform are reliable and safe to use which is further fueling its
demand across the country. Moreover, growing investments by private and public
capital holders in the research and development activities is anticipated to
improve the service, which would propel the growth of India digital banking
platforms market through 2024.
Browse market data Tables and Figures spread through Pages and an
in-depth TOC on " India Digital Banking Platforms Market".
India
digital banking platforms market can be segmented based on banking type,
deployment mode, banking mode and region. Considering the banking mode, the
market can be segmented into online banking and mobile banking. Among them, the
mobile banking segment is anticipated to grow at a higher CAGR during forecast
period as it provides secure mobile banking
experience to retail as well as corporate banks. Along with that, it also
offers a responsive user interface and supports the customers in their entire
banking journey, right from onboarding to transactional banking requests, on
their mobile devices. Owing to changing customers preference towards mobile
banking, the banks are increasingly adopting mobile banking platforms. In terms
of deployment mode, the on-premises deployment is expected to dominate the
market in the next 5 years as it provides organizations with the ownership of
their private individual data and the digital rights associated with the data
of private individuals, thus aiding the growth of India digital banking
platforms market. EdgeVerve, TCS, Intellect Design Arena, ieDigital, Oracle,
SAP, Accenture, IBM India Private Limited, Finastra and FIS, among others are
the leading players operating in India digital banking platforms market.
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“India
digital banking platforms market is expected to grow substantially during the
forecast period which can be attributed to the growing demand for consumer
electronics products like laptops, smartphones, and computers. With the help of
these devices, a user can perform most of the banking activities, thereby
endorsing the digital banking platform market in the country.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based India
management consulting firm.
“India Digital Banking Platforms Market By Banking
Type, By Deployment Mode, By Banking Mode, Competition, Forecast & Opportunities,
2024” has
evaluated the future growth potential of India digital banking platforms market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India digital banking platforms market.
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