Denmark digital banking market is estimated to grow at a significant growth rate over the forecast period. Denmark is moving towards digitalization at a rapid pace due to governmental support and private investments. The country is focused on digitalization in various sectors including finance and banking. With the digitalization across the country, digital banking market is estimated to grow as the availability of infrastructure and platform would increase. The economy of Denmark has continued its steady GDP growth of around 2% in 2018, according to the European Banking Federation. Since the beginning of the financial crisis, the banks of Denmark have gradually recovered.
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Denmark has one of the most digitalized financial sectors across the globe, and it is still evolving with initiatives such as a new mobile app for the online log-in solution, NemID, launched in 2010. This initiative was launched to fight against the increasing online crime that targets the banks and their customers. Much of the digital development has been achieved due to strong collaborations between the financial and the public sector. For instance, in August 2019, the Danish banking app Lunar Way received a banking license and $29 million in funding. The company, which started with a banking app, has now announced its plans to strengthen its position in Denmark and Sweden by using this fund.
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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
Denmark Digital Banking Market by Type
- Corporate Banking
- Investment Banking
- Retail Banking
Denmark 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
- 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
- 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 Denmark 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 Denmark digital banking market.
- Insights about market determinants which are stimulating the Denmark 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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