The Japan digital banking market is estimated to grow at a significant growth rate of around 8.6% over the forecast period to hit over $3.4 billion in 2025 from nearly $2.0 billion in 2018. Japan is one of the largest Asian economy. The advent of increasing application of the IoT, big data and AI aids in developing advance solution and finding new business opportunities that contribute to the growth of the market. At present, the digital transactions are less accepted by the public in the country as compared to other developed economies. Due to which, the government is focusing on promoting digital transactions in the country.
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As per the government’s ’Cashless Vision’ report, the cashless payment ratio was 20% in 2016 which is expected to increase to 40% by 2025. For this, the government has rolled out a nine-month points program in October 2019 to encourage small retailers to accept digital payment. Shoppers will get 5% of the purchase on performing digital transactions from small and medium-sized stores and 2% from major chains. As per the Economy, Trade and Industry Ministry of Japan, more than 577,000 stores had applied for participating in the government’s reward point program. Due to this, the digital banking market is expected to increase in the country during the forecast period.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Japan Digital Banking Market by Type
- Corporate Banking
- Investment Banking
- Retail Banking
Japan Digital Banking Market by Solution
- Processing Services
- Payment
- Customer and Channel Management
- Risk Management
Company Profiles
- ACI Worldwide, Inc.,
- Appway AG
- Atos SE
- Backbase BV
- CERALOGIX AB
- Finastra
- Fiserv, Inc.
- Intellect Design Arena Ltd.
- Microsoft Corp.
- NCR Corp.
- Oracle Corp.
- SAP SE
- Tata Consultancy Services Ltd.
- Temenos SA
The Report covers:
- Comprehensive research methodology of the Japan Digital Banking market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Japan Digital Banking market.
- Insights about market determinants which are stimulating the Japan Digital Banking market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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