The France digital banking market is estimated to grow at a significant growth rate of 8.1% over the forecast period to hit over $1.8 billion in 2025 from nearly $1.1 billion in 2018. After a strong year in 2017, GDP growth in France slowed to 1.7% in 2018, from 2.4% in 2017, according to the France Banking Federation. Major factors that augment the growth of the digital banking market in the country include well-developed banking, financial and insurance service (BFSI) sector and high penetration of internet in the country.
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The banking industry is one of the six main economic assets of France, according to the OECD. As of January 2019, the banking industry of France numbered 340 banks. According to the Financial Stability Board, 4 banks of France are among the 8 Euro area Global Systemically Important Banks (G-SIBs). Financial activities account for 3.9% of total value added in France, of which around 60% is accounted for by the banking industry. France serves as a key destination for a number of challenger banks (local or international). For instance, Pixpay, a French start-up is the first challenger bank to cater to teens. The start-up tends to offer a debit Mastercard for cashless payments. Pixpay was launched in January 2019 that aims to tackle the France market as early as 2021 and target 2 million customers within 5 years.
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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
France Digital Banking Market by Type
- Corporate Banking
- Investment Banking
- Retail Banking
France 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.
- Halcom d.d.
- Intellect Design Arena Ltd.
- Microsoft Corp.
- NCR Corp.
- NETinfo PLC
- NETinfo PLC
- New Frontier Innova d.o.o Beograd
- 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 France 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 France digital banking market.
- Insights about market determinants which are stimulating the France 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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