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Global Doorstep Banking Market to reach USD XX billion by the end of 2029.

Global Doorstep Banking Market Size study & Forecast, by Component (Solutions and Services), By Deployment Mode (On-Premises and Cloud) and Regional Analysis, 2022-2029

Product Code: BFBFSI-82355417
Publish Date: 17-10-2022
Page: 200

Global Doorstep Banking Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Doorstep Banking is a facility offered by banking and financial institutions for completion of routine banking activities such as cash deposit, cash withdrawal, cheque deposit or making a demand draft. In doorstep banking, banks offer various services to their customers in the comfort of their homes through the help of third-party service providers as well as digital banking solutions. The bank charges a certain amount as a service fee for doorstep banking services. The Doorstep Banking market is expanding because of factors such as the growing expansion of BFSI Sector and rising adoption of smartphones worldwide as well as strategic initiatives from leading market players.

According to Statista – as of 2022, revenue in the global Banking, Finance & Insurances is estimated at USD 3720 billion, and the market is projected to grow at compound annual growth rate of 2.47% between 2022 & 2025 to reach USD 4002.5 billion by 2025. Moreover, as per India Brand Equity Foundation (IBEF) estimates – during 2021, India’s smartphone shipments witnessed an increase of over 11% year-on-year to reach 169 million units with market revenue crossed USD 38 billion. Also, the growing digitization in the banking sector and rising emergence of neo banks worldwide would create lucrative opportunities for the market during the forecast period. However, high costs associated with doorstep banking solutions and lack of penetration from small-scale banks due to budget constraints impede market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Doorstep Banking Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share worldwide owing to factors such as presence of leading banking and financial institutions as well as availability of required digital infrastructure in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration of smartphones as well increasing expansion of doorstep banking services from leading banking groups in the region.

Major market players included in this report are:
Microsoft Corporation
Tata Consultancy Services (TCS) Limited
Capital Banking Solutions
Fiserv Inc
COR Financial Solutions Limited
EdgeVerve Systems Limited
ACI Worldwide
CGI Inc.
Temenos Headquarters SA
Dista Ai
Recent Developments in the Market:
 In August 2022, India’s leading banking group, State Bank of India, rolled out doorstep banking for its selected customers. The bank would offer doorstep banking services to senior citizens over 70 years, differently abled people, people with certified chronic illnesses, and the visually impaired. In addition, Customers with a registered address within a 5-kilometre radius of the Home Branch would get access to doorstep banking services of the lender.

 In June 2022, Geneva, Switzerland based Banking software vendor Temenos partnered with TS Banking Group, an Iowa, USA based banking institution for digitalization of bank’s Various banking operations through Temenos’s Banking Cloud Solution. This new partnership would enable to strengthen its offerings in the US market.
Global Doorstep Banking Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Deployment Mode, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
By Deployment Mode:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Doorstep Banking Market, by Region, 2019-2029 (USD Billion)
1.2.2. Doorstep Banking Market, by Component, 2019-2029 (USD Billion)
1.2.3. Doorstep Banking Market, by Deployment Mode, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Doorstep Banking Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Doorstep Banking Market Dynamics
3.1. Doorstep Banking Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing expansion of BFSI Sector Rising adoption of Smartphones worldwide Strategic initiatives from leading market players
3.1.2. Market Challenges High cost associated with doorstep banking solutions Lack of penetration from small-scale banks due to budget constraints
3.1.3. Market Opportunities Growing digitization in banking sector Rising emergence of neo banks worldwide
Chapter 4. Global Doorstep Banking Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Doorstep Banking Market, by Component
6.1. Market Snapshot
6.2. Global Doorstep Banking Market by Component, Performance – Potential Analysis
6.3. Global Doorstep Banking Market Estimates & Forecasts by Component, 2019-2029 (USD Billion)
6.4. Doorstep Banking Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
Chapter 7. Global Doorstep Banking Market, by Deployment Mode
7.1. Market Snapshot
7.2. Global Doorstep Banking Market by Deployment Mode, Performance – Potential Analysis
7.3. Global Doorstep Banking Market Estimates & Forecasts by Deployment Mode, 2019-2029 (USD Billion)
7.4. Doorstep Banking Market, Sub Segment Analysis
7.4.1. On-premises
7.4.2. Cloud
Chapter 8. Global Doorstep Banking Market, Regional Analysis
8.1. Doorstep Banking Market, Regional Market Snapshot
8.2. North America Doorstep Banking Market
8.2.1. U.S. Doorstep Banking Market Component breakdown estimates & forecasts, 2019-2029 Deployment Mode breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Doorstep Banking Market
8.3. Europe Doorstep Banking Market Snapshot
8.3.1. U.K. Doorstep Banking Market
8.3.2. Germany Doorstep Banking Market
8.3.3. France Doorstep Banking Market
8.3.4. Spain Doorstep Banking Market
8.3.5. Italy Doorstep Banking Market
8.3.6. Rest of Europe Doorstep Banking Market
8.4. Asia-Pacific Doorstep Banking Market Snapshot
8.4.1. China Doorstep Banking Market
8.4.2. India Doorstep Banking Market
8.4.3. Japan Doorstep Banking Market
8.4.4. Australia Doorstep Banking Market
8.4.5. South Korea Doorstep Banking Market
8.4.6. Rest of Asia Pacific Doorstep Banking Market
8.5. Latin America Doorstep Banking Market Snapshot
8.5.1. Brazil Doorstep Banking Market
8.5.2. Mexico Doorstep Banking Market
8.6. Rest of The World Doorstep Banking Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Microsoft Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Tata Consultancy Services (TCS) Limited
9.2.3. Capital Banking Solutions
9.2.4. Fiserv Inc
9.2.5. COR Financial Solutions Limited
9.2.6. EdgeVerve Systems Limited
9.2.7. ACI Worldwide
9.2.8. CGI Inc.
9.2.9. Temenos Headquarters SA
9.2.10. Dista Ai
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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