What is Digital Finance Market?
Digital finance is the term which is used for describing the impact of new technologies on the financial services industry. It includes a variety of products, applications, processes and business models which have transformed the traditional way of providing banking and financial services. In recent years the investment in technologies have increased and the pace of innovation is exponential. Now a days we make payments, transfer money and make investments using a variety of new tools that were not there. This can contribute to bringing down national barriers and spurring competition in areas such as, online banking, online payment and transfer services, peer-to-peer lending, and personal investment advice and services.
The market study is being classified by Type (Internet banking, Mobile banking, Mobile wallets, Credit cards and Debuts cards) and major geographies with country level break-up.
Oracle (United States), Deloitte (United Kingdom), NEC (Japan), KPMG (Netherlands), Accenture (Ireland), Cognizant (United States), Capgemini (France) and Fujitsu (Japan) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital Finance market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Digital Finance market by Type, Application and Region.
On the basis of geography, the market of Digital Finance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Exponential Growth in Technologies Such as Cloud Computing, Distributed Ledger Technologies, and Others
- Change in Customer Preferences as the Digital Finance is Easy to Use and Personalized
- Increased Usage of Mobile Banking among Consumers
- Increasing Security Concerns may Hamper the Market
- Government Initiatives for Promotion of Digital Financial Services
- Increasing Awareness among Consumers
- Stiff Competition Among the Major Players
Key Target AudienceGovernment associations, Research organizations, Software vendors', Distributors, Financial service providers and Others
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