The Germany digital banking market is estimated to grow at a significant growth rate of 8.8% over the forecast period to hit over $2.4 billion in 2025 from nearly $1.3 billion in 2018. The German economy lost momentum considerably in 2018. Since then, the GDP growth of the country has been low. The trade conflicts have resulted in a high level of uncertainty that has hit the German industry. However, the service sector is supporting German economic growth. In 2019, GDP growth in Germany was expected to be only 0.7%, after around 2% on average over the last five years, according to the European Banking Federation.
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The German banking sector has continued to face challenges in 2019. One of the biggest long-term problems faced by the German banking sector is the proliferation of small lenders. The income of the banking sector of the country continues to be threatened by new global market entrants such as ING, which are minimizing costs by shifting towards an online business model. Germany is lagging behind as compared to other European countries in terms of using internet banking. According to Eurostat study from 2017, Germany ranked 14th out of 28 EU member states for overall internet banking use (56%), way behind Denmark (90%), Finland (87%) and the Netherlands (89%).
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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
Germany Digital Banking Market by Type
- Corporate Banking
- Investment Banking
- Retail Banking
Germany 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
- 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 Germany 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 Germany Digital Banking market.
- Insights about market determinants which are stimulating the Germany 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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