UK digital banking market is estimated to grow at a significant growth rate of 8.4% over the forecast period to hit over $2.5 billion in 2025 from nearly $1.5 billion in 2018. UK is one of those countries where transaction methods are rapidly evolving with the digital technology being one of the supporting pillars for this transformation of financial services. Cash payments are continuously decreasing with the evolution of advanced technology in the financial sector. Around 62% of the total payments in 2006 were made through cash which has reduced to 40% in 2016 and it is estimated to reduce to 21% in 2026 in the country, according to the UK Finance Department. With the increasing digital payments, financial institutions are tapping into digital banking services. For instance, in January 2019, PayPal partnered with Temenos to use its T24 banking platform to support its businesses in many geographies, including UK.
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Industry forecasting is performed to present in-depth understanding of industry tactics. A clear picture on current and upcoming market happenings are provided in this report. Critical factors are highlighted in this UK Digital Banking Market study report for enabling business owners take important decision making in terms of decide on the right business doing ideas. Moreover, it aims at offering forthcoming improvements, market restraints and market drivers for the forecast period 2022-2028. It assists novel firms to retain their place in the market. Prioritized market info is discussed through this detailed UK Digital Banking Market
This Market report predicts novel product introduction will bring drop in sales or growth in sales. Such an illustrative UK Digital Banking Market report enables major firm to stay reorganized on the most current trends and offers best idea about overall demand for particular product offering. Through this global report, it is also possible to acquire a competitive edge. All the COVID-19 related information is covered in this UK Digital Banking Market study report along with its major impact of globe’s major firms. It makes easy the work of key players and enables to take data-driven and beneficial decision in terms of making best investments, which techniques to apply and marketing budget of different products. It has many advantages to provide for available or novel services, product and brands. Methodologies captured in this market study report enable central participants to attain the best results to the specific business aims as well as challenges. Getting fast customer feedback is easy with this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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
UK Digital Banking Market by Type
- Corporate Banking
- Investment Banking
- Retail Banking
UK Digital Banking Market by Solution
- Processing Services
- Payment
- Customer and Channel Management
- Risk Management
Company Profiles
- Appway AG
- Atos SE
- Backbase BV
- Capital Banking Solutions
- CERALOGIX AB
- Computer Services, Inc.
- Cor Financial Solutions Ltd.
- EBANKIT-OMNICHANNEL INNOVATION, S.A.
- Etronika UAB
- Fidor Solutions AG
- Finastra
- Fiserv, Inc.
- Intellect Design Arena Ltd.
- Microsoft Corp.
- NCR Corp.
- NETinfo PLC
- NETinfo PLC
- Oracle Corp.
- SAB Group
- SAP SE
- Sopra Steria Group
- Tata Consultancy Services Ltd.
- Technisys SA
- Temenos SA
The Report covers:
- Comprehensive research methodology of the UK 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 UK Digital Banking market.
- Insights about market determinants which are stimulating the UK 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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