World Online banking Market - Opportunities and Forecasts, 2014 - 2022

  • ID: 3773053
  • Report
  • Region: Global
  • 110 pages
  • Allied Analytics LLP
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The Online Banking Market size is expected to reach $29,976 million in 2023 from $7,305 million in 2016, growing at a CAGR of 22.6% from 2017 to 2023. Digital banking includes all kinds of online/internet transactions done for various purposes. It is the incorporation of new technologies, to deliver enhanced customer services.

Customer convenience, higher interest rates, and technologically advanced interface majorly drive the market. High security risk of customer’s data hinders the market growth. Growth in smartphone usage, increase in internet penetration among consumers, and increasing technology and growth of developing economies in Asia-Pacific region are some of the key factors, which are fueling the market growth.

The global online banking market is segmented on the basis of banking type, service type, and geography. Based on banking type, it is classified into retail banking, corporate banking, and investment banking. Based on solution type, it is divided into payments, processing services, customer & channel management, risk Management, and others. Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Netherland, France, UK, Sweden, and rest of Europe), Asia-Pacific (South Korea, Australia, Singapore, China, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle-East, and Africa). Key players profiled in the report include ACI Worldwide (U.S.), Microsoft Corporation (U.S.), Fiserv, Inc. (U.S.), Tata Consultancy Services (India), Cor Financial Solutions Ltd. (UK), Oracle Corporation (U.S.), Temenos Group AG (Switzerland), Rockall Technologies (Ireland), EdgeVerve Systems Limited (India), and Capital Banking Solutions (U.S.)

Top Impacting Factors

Customer Convenience and Better Rates of Interest

Online banking includes banking and financial services, mobile phones, social media, and internet providers. Actual account balances and other information are available at the touch of a few buttons. This makes banking faster, easier, efficient, and more effective because consumers are able to stay up to date with their account balances. Less bank staff, no cost of significant infrastructure, and overhead costs allow online banking portals to pay higher interest rates on savings and charge lower mortgage and loan rates.

Greater Market Penetration with Increasing Consumer Base

With growth in population rational brick and mortar banks would not be able to skillfully provide services to its ever increasing customers. The customer base of online banking is on a rise with the growth in internet penetration and mobile apps across the world.

These online banks easily manage large customer databases with fewer space and employee requirement. Online banking saves much more time and energy compared with the traditional banks.

Key Benefits

A comprehensive analysis of the current trends and future estimations is provided.
The report elucidates key drivers, restraints, and opportunities and a detailed impact analysis from 2017 to 2023.
Porter’s Five Forces model of the industry illustrates the potency of the buyers and suppliers in the market.
A quantitative analysis of the current scenario and the forecast period highlights the financial competency of the market.
The report provides a detailed analysis of the market with respect to banking type, service type, and geography.

Online Banking Market Key Segmentation:

By Banking Type

Retail Banking
Corporate Banking
Investment Banking

By Solution Type

Payments
Processing Services
Customer and Channel Management
Risk Management
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Netherlands
France
UK
Sweden
Rest of Europe
Asia-Pacific
South Korea
Australia
Singapore
China
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
South Africa

Market Players In The Value Chain

ACI Worldwide (U.S.)
Microsoft Corporation (U.S.)
Fiserv, Inc. (U.S.)
Tata Consultancy Services (India)
Cor Financial Solutions Ltd. (UK)
Oracle Corporation (U.S.)
Temenos Group AG (Switzerland)
Rockall Technologies (Ireland)
EdgeVerve Systems Limited (India)
Capital Banking Solutions (U.S.)
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CHAPTER: 1 INTRODUCTION
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

CHAPTER: 2 EXECUTIVE SUMMARY
2.1 CXO Perspective

CHAPTER: 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting Factors
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies
3.2.4 Porters Five Forces Analysis
3.3 Market Positioning, 2016
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Customer Convenience and Better Rates of Interest
3.4.1.2 Catering To All Age Groups with Advanced Technology
3.4.2 Restraints
3.4.2.1 Information, Security, and Service Issues
3.4.3 Opportunities
3.4.3.1 Greater Market Penetration with Increasing Consumer Base

CHAPTER: 4 GLOBAL ONLINE BANKING MARKET BY BANKING TYPE
4.1 Overview
4.1.1 Market Size and Forecast
4.2 Retail Banking
4.2.1 Key Market Trends, Growth Factors, and Opportunities
4.2.2 Key Player Positioning
4.2.3 Market Size and Forecast
4.3 Corporate Banking
4.3.1 Key Market Trends, Growth Factors, and Opportunities
4.3.2 Key Player Positioning
4.3.3 Market Size and Forecast
4.4 Investment Banking
4.4.1 Key Market Trends, Growth Factors, and Opportunities
4.4.2 Key Player Positioning
4.4.3 Market Size and Forecast

CHAPTER: 5 GLOBAL ONLINE BANKING MARKET BY SOLUTION TYPE
5.1 Overview
5.1.1 Market Size and Forecast
5.2 Payments
5.2.1 Key Market Trends, Growth Factors, and Opportunities
5.2.2 Market Size and Forecast
5.3 Processing Services
5.3.1 Key Market Trends, Growth Factors, and Opportunities
5.3.2 Market Size and Forecast
5.4 Customer and Channel Management
5.3.1 Key Market Trends, Growth Factors, and Opportunities
5.3.2 Market Size and Forecast
5.4 Risk Management
5.3.1 Key Market Trends, Growth Factors, and Opportunities
5.3.2 Market Size and Forecast
5.4 Others
5.3.1 Key Market Trends, Growth Factors, and Opportunities
5.3.2 Market Size and Forecast

CHAPTER: 6 ONLINE BANKING MARKET BY GEOGRAPHY
6.1 Overview
6.1.2 Market Size and Forecast
6.2 North America
6.2.1 Key Market Trends, Growth Factors, and Opportunities
6.2.2 Market Size and Forecast
6.2.2.1 By Banking Type
6.2.2.2 By Solution Type
6.2.2.3 By Country
6.2.2.3.1 U.S.
6.2.2.3.2 Canada
6.2.2.3.3 Mexico
6.3 Europe
6.3.1 Key Market Trends, Growth Factors, and Opportunities
6.3.2 Market Size and Forecast
6.3.2.1 By Banking Type
6.3.2.2 By Solution Type
6.3.2.4 By Country
6.3.2.1.1 Netherlands
6.3.2.1.2 France
6.3.2.1.3 UK
6.3.2.1.4 Sweden
6.3.2.1.5 Rest of Europe
6.4 Asia-Pacific
6.4.1 Key Market Trends, Growth Factors, and Opportunities
6.4.2 Market Size and Forecast
6.4.2.1 By Banking Type
6.4.2.2 By Solution Type
6.4.2.3 By Country
6.4.2.3.1 South Korea
6.4.2.3.2 Australia
6.4.2.3.3 Singapore
6.4.2.3.4 China
6.4.2.3.5 India
6.4.2.3.6 Rest of Asia-Pacific
6.5 LAMEA (Latin America, Middle East, and Africa)
6.5.1 Key Market Trends, Growth Factors, and Opportunities
6.5.2.1 By Banking Type
6.5.2.2 By Solution Type
6.5.2.3 By Region
6.5.2.3.1 Latin America
6.5.2.3.2 Middle East
6.5.2.3.3 Africa

CHAPTER: 7 RELATED INDUSTRY INSIGHTS
7.1 Global Mobile Banking Market
7.1.1 Executive Summary
7.2 Global Neobanking Market
7.2.1 Executive Summary

CHAPTER: 8 COMPANY PROFILES
8.1. ACI Worldwide
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. Microsoft Corporation
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments
8.3. Fiserv, Inc.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. Tata Consultancy Services
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. Cor Financial Solutions Ltd.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments
8.6. Oracle Corporation
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7. Temenos Group AG
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. Rockall Technologies
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. Edgeverve Systems Limited
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments
8.10. Capital Banking Solutions
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments

List of Tables
Table 1. Online Banking Market By Banking Type, 2016-2023 ($Million)
Table 2. Retail Banking Type Online Banking Market Revenue By Geography, 2016-2023 ($Million)
Table 3. Corporate Banking Type Online Banking Market Revenue By Geography, 2016-2023 ($Million)
Table 4. Investment Banking Type Online Banking Market Revenue By Geography, 2016-2023 ($Million)
Table 5. Global Online Banking Market By Solution Type, 2016-2023 ($Million)
Table 6. Online Banking Market For Payments Solution Type By Geography, 2016-2023 ($Million)
Table 7. Online Banking Market For Processing Services Solution Type By Geography, 2016-2023 ($Million)
Table 8. Online Banking Market For Customer And Channel Management Solution Type By Geography, 2016-2023 ($Million)
Table 9. Online Banking Market For Risk Management Solution Type By Geography, 2016-2023 ($Million)
Table 10. Online Banking Market For Others Solution Type By Geography, 2016-2023 ($Million)
Table 11. Online Banking Market By Geography, 2016-2023 ($Million)
Table 12. North America: Online Banking Market By Banking Type, 2016-2023 ($Million)
Table 13. North America: Online Banking Market By Solution Type, 2016-2023 ($Million)
Table 14. North America: Online Banking Market By Country, 2016-2023 ($Million)
Table 15. Europe: Online Banking Market By Banking Type, 2016-2023 ($Million)
Table 16. Europe: Online Banking Market By Solution Type, 2016-2023 ($Million)
Table 17. Europe: Online Banking Market By Country, 2016-2023($Million)
Table 18. Asia-Pacific: Online Banking Market By Banking Type, 2016-2023 ($Million)
Table 19. Asia-Pacific: Online Banking Market By Ssolution Type 2016-2023 ($Million)
Table 20. Asia-Pacific: Online Banking Market By Country, 2016-2023 ($Million)
Table 21. Lamea: Online Banking Market By Banking Type 2016-2023 ($Million)
Table 22. Lamea: Online Banking Market By Solution Type 2016-2023 ($Million)
Table 23. Lamea: Online Banking Market By Region, 2016-2023 ($Million)
Table 24. Aci Worldwide: Company Snapshot
Table 25. Aci Worldwide: Operating Segments
Table 26. Microsoft Corporation: Company Snapshot
Table 27. Microsoft Corporation: Operating Segments
Table 28. Fiserv, Inc.: Company Snapshot
Table 29. Fiserv, Inc.: Operating Segments
Table 30. Tata Consultancy Services: Company Snapshot
Table 31. Tata Consultancy Services: Operating Segments
Table 32. Cor Financial Solutions Ltd.: Company Snapshot
Table 33. Cor Financial Solutions Ltd.: Operating Segments
Table 34. Oracle Corporation: Company Snapshot
Table 35. Oracle Corporation: Operating Segments
Table 36. Temenos Group Ag: Company Snapshot
Table 37. Temenos Group Ag: Operating Segments
Table 38. Rockall Technologies.: Company Snapshot
Table 39. Rockall Technologies.: Operating Segments
Table 40. Edgeverve Systems Limited. : Company Snapshot
Table 41. Edgeverve Systems Limited: Operating Segments
Table 42. Capital Banking Solutions: Company Snapshot
Table 43. Capital Banking Solutions. : Operating Segments

List of Figures
Figure 1. Top Impacting Factors
Figure 2. Top Investment Pockets
Figure 3. Bargaining Power Of Suppliers
Figure 4. Bargaining Power Of Buyers
Figure 5. Threat Of New Entrants
Figure 6. Competitive Rivalry
Figure 7. Threat Of Substitutes
Figure 8. Market Positioning, 2016
Figure 9. Comparative Market Share Analysis Of Online Banking Market By Banking Type, 2016 & 2023(%)
Figure 10. Market Share Analysis Of Online Banking Market By Geography, 2016 & 2023 (%)
Figure 11. Retail Banking Type Online Banking Market Revenue, 2016-2023($Million)
Figure 12. Market Share Analysis Of Online Corporate Banking Market By Geography, 2016 & 2023 (%)
Figure 13. Corporate Banking Type Online Banking Market Revenue, 2016-2023 ($Million)
Figure 14. Market Share Analysis Of Online Investment Banking By Geography, 2016 & 2023 (%)
Figure 15. Investment Banking Type Online Banking Market Revenue, 2016-2023($Million)
Figure 16. Comparative Market Share Analysis Of Online Banking Market By Solution Type, 2016 & 2023 (%)
Figure 17. Market Share Analysis Of Online Banking Market For Payments Solution Type By Geography, 2016 & 2023 (%)
Figure 18. Online Banking Market Revenue For Payments Solution Type, 2016-2023($ Million)
Figure 19. Market Share Analysis Of Online Banking Market For Processing Services Solution Type By Geography, 2016 & 2023 (%)
Figure 20. Online Banking Market Revenue For Processing Services Solution Type, 2016-2023($ Million)
Figure 21. Market Share Analysis Of Online Banking Market For Customer And Channel Management Solution Type By Geography, 2016 & 2023 (%)
Figure 22. Online Banking Market Revenue For Custoemr And Channel Management Solution Type, 2016-2023($ Million)
Figure 23. Market Share Analysis Of Online Banking Market For Risk Management Solution Type By Geography, 2016 & 2023 (%)
Figure 24. Online Banking Market Revenue For Risk Management Solution Type, 2016-2023($ Million)
Figure 25. Market Share Analysis Of Online Banking Market For Others Solution Type By Geography, 2016 & 2023 (%)
Figure 26. Online Banking Market Revenue For Others Solution Type, 2016-2023($ Million)
Figure 27. Comparative Market Share Analysis Of Online Banking Market By Geography, 2016 & 2023 (%)
Figure 28. North America Online Banking Market Revenue, 2016-2023 ($Million)
Figure 29. U.S.: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 30. Canada: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 31. Mexico: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 32. Europe Online Banking Market Revenue, 2016-2023($Million)
Figure 33. Netherlands: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 34. France: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 35. UK: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 36. Sweden: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 37. Rest Of Europe: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 38. Asia-Pacific Online Banking Market Revenue, 2016-2023 ($Million)
Figure 39. South Korea: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 40. Australia: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 41. Singapore: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 42. China: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 43. India: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 44. Rest Of Asia-Pacific: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 45. Lamea Online Banking Market Revenue, 2016-2023 ($Million)
Figure 46. Latin America: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 47. Middle East: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 48. Africa: Online Banking Market Revenue, 2016-2023 ($Million)
Figure 49. Aci Worldwide: Company Snapshot
Figure 50. Microsoft Corporation.: Company Snapshot
Figure 51. Fiserv, Inc.: Company Snapshot
Figure 52. Tata Consultancy Services: Company Snapshot
Figure 53. Cor Financial Solutions Ltd.: Company Snapsh
Figure 54. Oracle Corporation. : Company Snapshot
Figure 55. Temenos Group Ag. : Company Snapshot
Figure 56. Rockall Technologies: Company Snapshot
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