Global Digital Banking Platforms Market: Size, Share, Trends & Forecast
The global digital banking platform market is projected to reach USD 107.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 20.5% from 2022 to 2030. This robust expansion is primarily fueled by two overarching trends: the surging number of internet users worldwide and a pronounced shift among customers from conventional branch-based banking toward fully digital, online channels. A key enabler of this transformation is the proliferation of cloud-based banking platforms, which offer financial institutions unparalleled scalability, reduced infrastructure costs, and rapid deployment of new features. By migrating core services to the cloud, banks and fintech firms can elastically adjust their capacity to handle spikes in transaction volumes, roll out updates seamlessly, and slash the time-to-market for innovative products. Simultaneously, the integration of artificial intelligence (AI) and machine learning (ML) into digital...