The latest research study “Online Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global online banking market size reached a value of US$ 3.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.18 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Online banking, sometimes known as internet banking, is a payment service provided by banks and other financial organizations that allows users to execute financial transactions online. Users can use banking services such online bill payments, account opening, deposits, transfers, e-statements, checking account balance and recent activities, applying for credit cards, and ordering checks. They can also access personal bank account information. It provides improved security, quick service, usability, instant access, and cost efficiency. Online banking has become very popular all over the world since it eliminates the need for users to go to a bank branch to carry out simple banking activities.
Download a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/online-banking-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Online Banking Market Trends and Drivers:
The beginning of the cashless age, as well as the rising use of smartphones and the internet, are the main factors driving the worldwide online banking business. Banks and financial organizations are also choosing online banking platforms as a result of the increased use of cloud-based solutions.
Along with this, the rate of product adoption has accelerated due to the rising desire for better customer experiences as well as the expanding requirement for transparency and flexibility. Additionally, the recent coronavirus illness (COVID-19) outbreak’s lockdown and social withdrawal norms have increased demand for internet banking.
Other factors that are projected to drive the market’s growth include the advent of the Banking as a Service (BaaS) model, growing e-commerce, supportive government initiatives, quick digitization, and technical advancements.
|Online Banking Market Report Scope|
|Market size value in 2021||US$ 3.84 Billion|
|Market forecast in 2027||US$ 5.18 Billion|
|Growth Rate||CAGR of 4.60% from 2022 to 2027|
|Base year for estimation||2021|
Global Online Banking Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aci Worldwide Inc., Backbase, Capital Banking Solutions, CGI Inc., ebankIT, EdgeVerve Systems Limited (Infosys Limited), Fiserv Inc., Halcom d.d. (Constellation Software Inc.), Oracle Corporation, Tata Consultancy Services Limited, Technisys and Temenos AG.
Inquire Before Buying : https://www.imarcgroup.com/request?type=report&id=5425&flag=F
The report has segmented the market on the basis of region, banking type, software type and service type.
Breakup by Banking Type:
- Retail Banking
- Corporate Banking
- Investment Banking
Breakup by Software Type:
- Customized Software
- Standard Software
Breakup by Service Type:
- Processing Services
- Customer and Channel Management
- Wealth Management
Breakup 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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/online-banking-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key 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
- Comprehensive 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 a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(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