Global Digital Banking market is expected to reach 19000 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/12/10

Digital banking relies on PC or mobile terminals. Digital banking main has the following applications: Retail Digital Banking, SME Digital Banking and Corporate Digital Banking. And SME Digital Banking was the most widely used area which took up about 64.25% of the global total in 2017.

United States is the largest countries of digital banking in the world in the past few years and it will keep increasing in the next few years. United States market took up about 49.7% the global market in 2017, while Europe and China were about 30.80%, 7.12%.

Europe countries like Germany, UK and Spain are developing fast, so does India, which is offering service for many banks and other corporations. There are a few vendors developing digital banking in China, such as IT companies Huawei, Sunline are participating the digital banking business, and they may show a rapid development.

In 2017, the global Digital Banking market size was 5080 million US$ and it is expected to reach 19000 million US$ by the end of 2025, with a CAGR of 17.9% during 2018-2025.

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