Bank Automation Market

Bank Automation Market - Global Forecast to 2027

Report Code: UC 6139 Jan, 2025, by marketsandmarkets.com

The Bank Automation is the process of using technology to automate banking process to reduce human participation to minimum, it is a product of technological improvements resulting in a continually developing banking sector. Resulting in a significantly more efficient, dependable, and secure banking service. A number of banks such as Citigroup, Capital One, and JPMorgan Chase are already using technology like artificial intelligence to aid workers or have automated parts of tasks to eliminate jobs.

The bank automation market size is projected to grow from USD XX.X billion in 2022 to USD XX.X billion by 2027, at a CAGR of XX.X% during the forecast period.

Bank Automation Market

Market Dynamics

Driver: Exploring robotic process automation (RPA)

The banking industry is eagerly embraced low-code and no-code technologies such as Robotic Process Automation (RPA) as it requires little investment, is adopted with minimal disruption, require no human intervention once deployed, and are beneficial throughout the organization from the C-suite to customer service. RPA utilizes structured data to complete tasks it helps in performing redundant tasks quickly without error. Examples of tasks where RPA technology works well are data entry, data processing and mapping, and client onboarding and new account openings.

Challenge: Outdated Mobile Experiences

Presences of mobile app has become a necessity for banks around the world. According to The Financial Brand, 2018; 42% of consumers report that they now use their banking provider’s mobile app more now than they did 12 months ago. Almost every bank and credit union now have its own mobile application; however, just having a mobile banking doesn’t imply its being used to its full potential. Banks face challenges to keep their clients delighted, and provide a mobile banking experience that’s quick, easy to use, fully featured, secure, and routinely updated.

Key Market Players

Some of the key players operating in the Bank Automation market include Automation Anywhere, Antworks, Onfido, Blackrock, Blue prism, Boston consulting group, Charles Schwab, Nividous, ComplyAdvantage, Uipath, and Wealthfront.

Recent Developments:

  • In December 2021, Automation Anywhere Inc, acquired FortressIQ, planning to use its artificial intelligence capabilities to identify opportunities for robots to automate processes traditionally carried out by workers, such as data entry, the sources said.

 

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

 

TABLE OF CONTENTS

1 INTRODUCTION
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
    2.4 MARKET FORECAST
    2.5 ASSUMPTIONS
    2.6 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS
    4.1 ATTRACTIVE OPPORTUNITIES IN BANK AUTOMATION MARKET
    4.2 NORTH AMERICAN MARKET, BY TYPE AND COUNTRY (2022)
    4.4 ASIA PACIFIC MARKET,  BY TYPE AND COUNTRY (2022)
    4.5 MARKET, BY COUNTRY

5 MARKET OVERVIEW AND INDUSTRY TRENDS
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 INDUSTRY TRENDS
           5.3.1 VALUE CHAIN
           5.3.2 ECOSYSTEM
           5.3.3  PORTER’S FIVE FORCE MODEL
                    5.3.3.1 THREAT OF NEW ENTRANTS
                    5.3.3.2 THREAT OF SUBSTITUTES
                    5.3.3.3 BARGAINING POWER OF BUYERS
                    5.3.3.4 BARGAINING POWER OF SUPPLIER
                    5.3.3.5 COMPETITIVE RIVALRY
           5.3.4  KEY STAKEHOLDERS AND BUYING CRITERIA
                    5.3.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    5.3.4.2 BUYING CRITERIA
           5.3.5 TECHNOLOGY ANALYSIS
           5.3.6 TRENDS AND DISRUPTIONS IMPACTING BUYERS
           5.3.7 PATENT ANALYSIS
           5.3.8 PRICING ANALYSIS
                    5.3.8.1  AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
           5.3.9 USE CASES
           5.3.10 KEY CONFERENCES & EVENTS IN 2022
           5.3.11 TARIFF AND REGULATORY IMPACT
                               5.3.11.1  REGULATORY BODIES, GOVERNMENT AGENCIES & OTHER ORGANIZATIONS

6 BANK AUTOMATION MARKET, BY TYPE
    6.1 INTRODUCTION
           6.1.1 MARKET, BY TYPE: DRIVERS
    6.2 ROBOTICS PROCESS AUTOMATION
    6.3 ROBOADVISORS 
    6.4 CUSTOMER SERVICE CHATBOTS
    6.5 AI FOR LOAN UNDERWRITING

7 BANK AUTOMATION MARKET, BY APPLICATION
    7.1 INTRODUCTION
           7.1.1 MARKET, BY APPLICATION: DRIVERS
    7.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
    7.3 GOVERNMENT/PUBLIC SECTOR
    7.4 OTHERS

8 BANK AUTOMATION MARKET, BY REGION
    8.1 INTRODUCTION
    8.2 NORTH AMERICA
           8.2.1 NORTH AMERICA: PESTLE ANALYSIS
           8.2.2 UNITED STATES
           8.2.3 CANADA
    8.3 EUROPE
           8.3.1 EUROPE: PESTLE ANALYSIS
           8.3.2 UNITED KINGDOM
           8.3.3 GERMANY
           8.3.4 FRANCE
           8.3.5 SPAIN
           8.3.6 ITALY
           8.3.6 NORDICS
           8.3.8 REST OF EUROPE
    8.4 ASIA PACIFIC
           8.4.1 ASIA PACIFIC: PESTLE ANALYSIS
           8.4.2 CHINA
           8.4.3 JAPAN
           8.4.4 INDIA
           8.4.5 ANZ
           8.4.6 SE ASIA
           8.4.7 REST OF ASIA PACIFIC
    8.5 MIDDLE EAST AND AFRICA
           8.5.1 MIDDLE EAST AND AFRICA: PESTLE ANALYSIS
           8.5.2 UAE
           8.5.3 KSA
           8.5.3 REST OF MIDDLE EAST AND AFRICA
    8.6 LATIN AMERICA
           8.5.1 LATIN AMERICA: PESTLE ANALYSIS
           8.5.2 BRAZIL
           8.5.3 MEXICO
           8.5.4 REST OF LATIN AMERICA

9 COMPETITIVE LANDSCAPE
    9.1 OVERVIEW
    9.2 MARKET EVALUATION FRAMEWORK
    9.3 COMPETITIVE SCENARIO AND TRENDS
           9.3.1 PRODUCT LAUNCHES
           9.3.2 DEALS
           9.3.3 OTHERS
    9.4 MARKET SHARE ANALYSIS OF TOP PLAYERS
    9.5 HISTORICAL REVENUE ANALYSIS
    9.6 COMPANY EVALUATION MATRIX OVERVIEW
    9.7 COMPANY EVALUATION QUADRANT
           9.7.1 STARS
           9.7.2 EMERGING LEADERS
           9.7.3 PERVASIVE PLAYERS
           9.7.4 PARTICIPANTS
    9.8 PRODUCT FOOTPRINT ANALYSIS OF COMPANIES
    9.9 MARKET RANKING ANALYSIS OF COMPANIES
    9.10 STARTUP/SME EVALUATION QUADRANT
           9.10.1 PROGRESSIVE COMPANIES
           9.10.2 RESPONSIVE COMPANIES
           9.10.3 DYNAMIC COMPANIES
           9.10.4 STARTING BLOCKS
    9.11 COMPETITIVE BENCHMARKING FOR SMES/STARTUPS

10 COMPANY PROFILES 
     10.1 KEY PLAYERS
             10.1.1  AUTOMATION ANYWHERE
             10.1.2 ANTWORKS
             10.1.3 ONFIDO
             10.1.4 BLACKROCK
             10.1.5 BLUE PRISM
             10.1.6 BOSTON CONSULTING GROUP
             10.1.7 CHARLES SCHWAB
             10.1.8 NIVIDOUS
             10.1.9 COMPLYADVANTANGE
             10.1.10 UIPATH
             10.1.11 WEALTHFRONT

11 APPENDIX AND ADJACENT MARKETS
     11.1 ADJACENT/RELATED MARKETS
             11.1.1 INTRODUCTION
             11.1.2 LIMITATIONS
     11.2 RPA AND HYPERAUTOMATION MARKET
     11.3 DIGITAL BANKING PLATFORMS MARKET
     11.4 DISCUSSION GUIDE
     11.5 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     11.6 AVAILABLE CUSTOMIZATIONS
     11.7 RELATED REPORTS
     11.8 AUTHOR DETAILS


Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
2 9 3 0 6  
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
UC 6139
Available for Pre-Book
Choose License Type
Prebook Now
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Bank Automation Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
knowledgestore logo

Want to explore hidden markets that can drive new revenue in Bank Automation Market?

Find Hidden Markets
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
Website Feedback