Digital Banking Global Strategic Business Report 2024 - The Rise of the On-Demand Economy & Customer Self-Service Tilts Digital Banking Technologies into the Mass Adoption Stage [Yahoo! Fi...
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
The global market for Digital Banking estimated at US$21.1 Billion in the year 2023, is projected to reach a revised size of US$53.5 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2023-2030. Retail Banking, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$21.9 Billion by the end of the analysis period. Growth in the Corporate Banking segment is estimated at 14.3% CAGR for the next 8-year period. The Digital Banking market in the U.S. is estimated at US$6.1 Billion in the year 2023. China , the world's second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2030 trailing a CAGR of 15.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 8.7% and 10.3% respectively over the 2023-2030 period. Within Europe Germany is forecast to grow at approximately 11.4% CAGR. Key Market Trends & Drivers Dig
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