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

  • ID: 3773413
  • Report
  • Region: Global
  • Allied Analytics LLP
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Mobile banking is a system developed by financial institutions that allow the customers to conduct certain financial transactions through their mobile. At present, there are approx. 53 million active users of mobile banking in the U.S. Earlier, mobile banking was nothing but a SMS banking service. Until 1999, banks offered mobile banking through SMS. Recent advent of smartphones has changed the scenario and now mobile banking is a web-based service provided through mobile web. Mobile banking must not be confused with other features such as mobile wallet that allow transactions through mobiles at the point of sale. Rising adoption of Smartphones and technological advancements are primary driving factors for this market. Lack of awareness regarding the actual features of a mobile app developed for mobile banking is moderately challenging its adoption.



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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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