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World SOHO Mobile Banking Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773052
  • Report
  • Region: Global
  • Allied Analytics LLP
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SOHO mobile banking market refers to mobile banking activities conducted in Small Offices or Home Offices. As per recent findings, one fourth of the SOHO market showed interest in checking account packages offered through mobile banking. U.S. comprises of approx. 20 million SOHO firms. Rising SOHO market, especially in the U.S., has created huge opportunity for banking institutions. SOHO business segment has huge potential and the opportunities are expected to rise continuously. Financial institutions need to understand how to serve these firms better to reap benefits. Increasing client interest in SOHO is a primary factor driving this market. Security breach in case of access to login IDs and passwords is a restraining factor for all online services including SOHO mobile banking. Bank of America, Wells Fargo, U.S. Bank, Chase and PNC are major banks offering mobile banking facility and possess huge opportunities in SOHO.



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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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