Global Online Banking Market To Be Driven By Increased Demand For Real-Time Payment Solution, Convenience And Easier Option To Access Online Banking IOnline Banking Market | Global Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2022-2027
The new report by Expert Market Research titled, ‘Global Online Banking Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis Global Online Banking market assessing the market based on service type, banking type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/online-banking-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 14 Billion
• Forecast CAGR (2021-2026): 12.9%
• Forecast Market Size (2026): USD 29 Billion
When faced with the extraordinary COVID-19 situation, clients have turned to online banking platforms to meet their banking demands during the lockout, increasing demand for online banking services.
Industry Definition and Major Segments
Online banking is an electronic payment system that allows users to execute financial transactions over the internet. Also known as internet banking or web banking, it is designed to be convenient, allowing for a more time-saving banking experience as well as real-time problem-solving services to be available to users.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/online-banking-market
By service type, the industry is segmented into:
• Processing Services
• Customer and Channel Management
• Wealth Management
The market can be broadly categorised on the basis of banking type into:
• Retail Banking
• Corporate Banking
• Investment Banking
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Payments have dominated the online banking market over the past year, and the trend is expected to continue during the forecast period. An increasing number of customers are choosing to pay for goods and services using online payment methods, which offer greater ease and efficiency over traditional means of payment.
Due to increased Internet use, e-commerce and online payment services have grown in popularity. A new trend in developing countries is mobile payments. People in developing nations like Kenya, China, and India have started designing alternative payment options because of the increasing use of mobile internet to access bank accounts. This drives the internet banking business.
Moreover, the governmental institutions’ support to the establishment of alternative payment channels are likely to boost the online banking market during the projection period. However, concerns over financial data security may slow the worldwide internet banking market’s expansion.
Key Market Players
The major players in the market are ACI Worldwide, Capital Banking Solution, Cor Financial Solutions Limited, EdgeVerve Systems Limited, Fiserv, Inc. and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
About Authormathewwilliams Sheridan United States
My name is Mathew Williams work for Expert Market Research as a senior SEO executive. More info you can visit our company website - https://www.expertmarketresearch.com/
Hydrogen Market Predicted CAGR 4.3% between 2020 and 2030: Report Coverage - Production Process (Steam–Methan ...Read More
Use Wavetec's equipment to benefit from using a virtual queue management system in a retail setting. In additio ...Read More