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The India Digital Banking Platform Market is estimated to grow at a CAGR of 9.8% from 2021 to 2028, earning revenue of around USD 1,485.5 million by the end of 2028. The growth of the market can be attributed to rapid digitization and growing adoption of advanced technologies such as cloud computing, the Internet of Things (IoT), Artificial Intelligence, and so on. Additionally, government initiatives, such as Digital India, are also playing a crucial role in boosting internet accessibility among its citizens, expanding the consumer base for the digital banking platform market. However, high data-security concerns and risks of cyberattacks and fraudulent activities may act as a restricting factor for the market.
