Global Online Banking Market Segments: by Service (Digital Payments, Digital Sales); by Application (Personal and Enterprises Sector) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Online banking is an electronic system of payment that enables users to transfer money through the use of the internet financially. It is also known as Internet banking or web banking and is engineered for convenience to save time and offer problem-solving services in real-time. Banks should, however, strive to provide a smooth online and mobile experience to enhance customer involvement, in order to fulfil their needs, and preferences.
Market Highlights
Global Online Banking Market is expected to project a notable CAGR of 14.6% in 2030.
Global Online Banking Market to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 14.6% in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Online Banking. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Online Banking industry.
Global Online Banking: Segments
Digital Payments segment to grow with the highest CAGR during 2020-30
Global Online Banking Market is segmented by service into Digital Payments, Digital Sales. Digital Payments segment held the largest market share of in the year 2020. The Digital Payment expected to be the largest Online Banking service component in the forecasted period and will be leading the market. The growing sale of banking products and services via digital platforms drives banks throughout the world's digital sales. In 2019, the digital market was estimated to be trillion, reaching trillion truly by 2030.
Enterprise sector segment to grow with the highest CAGR during 2020-30
Global Online Banking Market is segmented by application into the personal and enterprises sector. Over the forecast period, the enterprise application is projected to expand at the fastest pace. Enterprises are adopting into this Online Banking market as they facilitate better management of payments and all other online services while the personal application segment is anticipated to register the highest CAGR in the future.
Global Online Banking Market Dynamics
Drivers
Increased investment in fintech
In order to speed up digital innovation, the Online Banking market is witnessing heavy investments. Throughout the last 5 years, the fintech industry has gained momentum. In 2019, Fintech's projected investments in deals globally amounted to USD billion. Recognizing the rise of Fintech players, banks want to enhance their Online Banking investment, and some banks are even starting to partner or invest in them, generating new opportunities for market expansion.
Internet Penetration
Continuing the use of online and mobile bank platforms, increasing adoption and internet penetration of smartphones, integration of high technology, increased customer experience requirements, the development of retail banking and supporting government initiatives and policies are key factors in the worldwide growth of Online Banking. Manipulating the growth of the global Online Banking market is the widespread usage of online and mobile banking platforms. Due to the increasing adoption of smartphones and increasing internet penetration, many financial institutes have movement to digital sources to provide their services
Restraint
Limited everyday transactions
The range of banking products on offer from Online Banking and challenger banks are limited to everyday transaction and savings accounts which are expected to act as a restraint in the Online Banking market.
Global Online Banking: Key Players
ACI Worldwide, Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Microsoft
Oracle
Tata Consultancy Services Limited
COR Financial Solutions Limited
CGI Inc.
Temenos Headquarters SA
EdgeVerve Systems Limited
Capital Banking Solution
Fiserv, Inc.
Other prominent players
Global Online Banking Market: Regions
Global Online Banking Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Online Banking in Europe held the largest market share in the year 2020 in terms of revenue. Europe held a maximum share of around 48% of the global Online Banking market due to the emergence of multiple technology startups and early adoption technology. Latin America is likely to dominate the European market in the near future. The APAC Online Banking market is projected to grow over the forecast period due to the increasing investments in the fintech sector. Asia is seen, in addition to Europe and Latin America, as one of the world’s major regions that show an upcoming growth in this sector.
Global Online Banking is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Online Banking report also contains analysis on:
Online Banking Segments:
By Service:
Digital Payments
Digital Sales
By Application type :
Personal sector
Enterprise sector
Online Banking Dynamics
Online Banking Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Online banking is an electronic system of payment that enables users to transfer money through the use of the internet financially. It is also known as Internet banking or web banking and is engineered for convenience to save time and offer problem-solving services in real-time. Banks should, however, strive to provide a smooth online and mobile experience to enhance customer involvement, in order to fulfil their needs, and preferences.
Market Highlights
Global Online Banking Market is expected to project a notable CAGR of 14.6% in 2030.
Global Online Banking Market to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 14.6% in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Online Banking. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Online Banking industry.
Global Online Banking: Segments
Digital Payments segment to grow with the highest CAGR during 2020-30
Global Online Banking Market is segmented by service into Digital Payments, Digital Sales. Digital Payments segment held the largest market share of in the year 2020. The Digital Payment expected to be the largest Online Banking service component in the forecasted period and will be leading the market. The growing sale of banking products and services via digital platforms drives banks throughout the world's digital sales. In 2019, the digital market was estimated to be trillion, reaching trillion truly by 2030.
Enterprise sector segment to grow with the highest CAGR during 2020-30
Global Online Banking Market is segmented by application into the personal and enterprises sector. Over the forecast period, the enterprise application is projected to expand at the fastest pace. Enterprises are adopting into this Online Banking market as they facilitate better management of payments and all other online services while the personal application segment is anticipated to register the highest CAGR in the future.
Global Online Banking Market Dynamics
Drivers
Increased investment in fintech
In order to speed up digital innovation, the Online Banking market is witnessing heavy investments. Throughout the last 5 years, the fintech industry has gained momentum. In 2019, Fintech's projected investments in deals globally amounted to USD billion. Recognizing the rise of Fintech players, banks want to enhance their Online Banking investment, and some banks are even starting to partner or invest in them, generating new opportunities for market expansion.
Internet Penetration
Continuing the use of online and mobile bank platforms, increasing adoption and internet penetration of smartphones, integration of high technology, increased customer experience requirements, the development of retail banking and supporting government initiatives and policies are key factors in the worldwide growth of Online Banking. Manipulating the growth of the global Online Banking market is the widespread usage of online and mobile banking platforms. Due to the increasing adoption of smartphones and increasing internet penetration, many financial institutes have movement to digital sources to provide their services
Restraint
Limited everyday transactions
The range of banking products on offer from Online Banking and challenger banks are limited to everyday transaction and savings accounts which are expected to act as a restraint in the Online Banking market.
Global Online Banking: Key Players
ACI Worldwide, Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Microsoft
Oracle
Tata Consultancy Services Limited
COR Financial Solutions Limited
CGI Inc.
Temenos Headquarters SA
EdgeVerve Systems Limited
Capital Banking Solution
Fiserv, Inc.
Other prominent players
Global Online Banking Market: Regions
Global Online Banking Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Online Banking in Europe held the largest market share in the year 2020 in terms of revenue. Europe held a maximum share of around 48% of the global Online Banking market due to the emergence of multiple technology startups and early adoption technology. Latin America is likely to dominate the European market in the near future. The APAC Online Banking market is projected to grow over the forecast period due to the increasing investments in the fintech sector. Asia is seen, in addition to Europe and Latin America, as one of the world’s major regions that show an upcoming growth in this sector.
Global Online Banking is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Online Banking report also contains analysis on:
Online Banking Segments:
By Service:
Digital Payments
Digital Sales
By Application type :
Personal sector
Enterprise sector
Online Banking Dynamics
Online Banking Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. GLOBAL ONLINE BANKING MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL ONLINE BANKING MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL ONLINE BANKING MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL ONLINE BANKING MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By service: Market Share (2020-2030F)
12.2.1. Digital Payments, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Digital Sales, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application Type: Market Share (2020-2030F)
12.3.1. Personal sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Enterprise sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. ACI WORLDWIDE, INC.
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. MICROSOFT
3. ORACLE
4. TATA CONSULTANCY SERVICES LIMITED
5. COR FINANCIAL SOLUTIONS LIMITED
6. CGI INC.
7. TEMENOS HEADQUARTERS SA
8. EDGEVERVE SYSTEMS LIMITED
9. CAPITAL BANKING SOLUTION
10. FISERV, INC.
11. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL ONLINE BANKING MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL ONLINE BANKING MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL ONLINE BANKING MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL ONLINE BANKING MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By service: Market Share (2020-2030F)
12.2.1. Digital Payments, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Digital Sales, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application Type: Market Share (2020-2030F)
12.3.1. Personal sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Enterprise sector, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. ACI WORLDWIDE, INC.
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. MICROSOFT
3. ORACLE
4. TATA CONSULTANCY SERVICES LIMITED
5. COR FINANCIAL SOLUTIONS LIMITED
6. CGI INC.
7. TEMENOS HEADQUARTERS SA
8. EDGEVERVE SYSTEMS LIMITED
9. CAPITAL BANKING SOLUTION
10. FISERV, INC.
11. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
