Online banking

Online Banking Market Size, Share, Industry Growth, Outlook, Trends, Analysis, Report 2022-2027

According to the latest report of the IMARC group, entitled “Global Online Banking Market Size, Share, Trends, Growth, Opportunities and Forecast 2022-2027“, the global online bank The market reached a value of US$3.84 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$5.18 billion by 2027, posting a CAGR of 4.60% over the period 2022-2027.

Online banking, or online banking, refers to a payment facility offered by banking and financial institutions, allowing customers to conduct financial transactions over the Internet. It allows users to access their personal bank account information and use banking services, such as online bill payment, account opening, deposits, transfers, e-statements, account balance and recent transactions, applying for credit cards and ordering checks. It offers strong security, fast service, ease of use, instant access and cost effectiveness. Since online banking eliminates the need for customers to visit a bank branch to perform basic banking transactions, it has gained immense popularity around the world.

Request a free sample PDF for more detailed market information: https://www.imarcgroup.com/online-banking-market/requestsample

Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Online Banking Market Trends and Drivers:

The global online banking market is mainly driven by the advent of the cashless era and the growing penetration of internet and smartphones. Moreover, with the widespread adoption of cloud-based solutions, banks and financial institutions are opting for online banking platforms.

Along with this, the growing demand for improved customer experience and the growing need for transparency and flexibility has accelerated the rate of product adoption. Additionally, the implementation of lockdown and social distancing norms amid the recent coronavirus disease (COVID-19) outbreak has increased the demand for online banking services.

Other factors including the emergence of the Banking as a Service (BaaS) model, expanding e-commerce industry, favorable government initiatives, rapid digitalization, and technological advancements are also expected to propel the market growth.

Analysis and segmentation of the global online banking market 2022-2027:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

Aci Worldwide Inc., Backbase, Capital Banking Solutions, CGI Inc., ebankIT, EdgeVerve Systems Limited (Infosys Limited), Fiserv Inc., Halcom dd (Constellation Software Inc.), Oracle Corporation, Tata Consultancy Services Limited, Technisys and Temenos AG .

The report has segmented the market based on region, type of bank, type of software, and type of service.

Breakdown by type of bank:

  • Retail banking
  • Corporate banking
  • investment bank

Distribution by type of software:

  • Custom software
  • standard software

Breakdown by type of service:

  • Payments
  • Processing Services
  • Customer and channel management
  • Wealth management
  • Others

Breakdown by region:

  • North America: (United States, Canada)
  • Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Contact us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, Wyoming 82801 USA – Wyoming
Email: [email protected]
Such. :(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800


Source link