Mobile banking software allows banking infrastructure to build customized mobile banking applications. This software offers self service banking platforms which enables customers to do financial transactions and manage their financials by accessing their bank account through mobile phones. It provides personalized customer experience using various mobile channels such as mobile app, SMS, USSD, and mobile browser.
Market Drivers
Increase in usage of smart phones and a tablet is the key driving factor which is expected boost the global mobile banking software market growth. Furthermore, increase in technological advancements will have the positive impact on market growth. Moreover, adoption of cloud based technologies will fuel the market growth. Also, this software allows the enterprises to develop native or hybrid applications according to the convenience which is expected to propel the market growth in near future.
Market Restraints
However, lack of awareness among end users is the major restraining factor which is expected to hinder the global mobile banking software market growth. Also, data security and privacy concerns will affect the market growth.
Market Segmentation
Global Mobile Banking Software Market is segmented into deployment type such as On-premise, and Cloud Based. Further, market is segmented into application such as Banking Institutions, Credit Unions, and Financial Institutions.
Also, Global Mobile Banking Software Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Temenos Group, Infosys, Neptune Software Group, Apex Banking Software, Capital Banking Solutions, EBANQ Holdings, Dais Software, Fiserv, and SAB Group
Market Taxonomy
By Deployment Type
By Application
By Region
Market Drivers
Increase in usage of smart phones and a tablet is the key driving factor which is expected boost the global mobile banking software market growth. Furthermore, increase in technological advancements will have the positive impact on market growth. Moreover, adoption of cloud based technologies will fuel the market growth. Also, this software allows the enterprises to develop native or hybrid applications according to the convenience which is expected to propel the market growth in near future.
Market Restraints
However, lack of awareness among end users is the major restraining factor which is expected to hinder the global mobile banking software market growth. Also, data security and privacy concerns will affect the market growth.
Market Segmentation
Global Mobile Banking Software Market is segmented into deployment type such as On-premise, and Cloud Based. Further, market is segmented into application such as Banking Institutions, Credit Unions, and Financial Institutions.
Also, Global Mobile Banking Software Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Temenos Group, Infosys, Neptune Software Group, Apex Banking Software, Capital Banking Solutions, EBANQ Holdings, Dais Software, Fiserv, and SAB Group
Market Taxonomy
By Deployment Type
- On-premise
- Cloud Based
By Application
- Banking Institutions
- Credit Unions
- Financial Institutions
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Frequently Asked Questions about the Global Mobile Banking Software Market
What is the estimated value of the Global Mobile Banking Software Market?
What is the growth rate of the Global Mobile Banking Software Market?
What is the forecasted size of the Global Mobile Banking Software Market?
Who are the key companies in the Global Mobile Banking Software Market?
Report Attribute | Details |
---|---|
No. of Pages | 230 |
Published | March 2021 |
Forecast Period | 2017 - 2027 |
Estimated Market Value ( USD | $ 11830 Million |
Forecasted Market Value ( USD | $ 23120 Million |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Mobile Banking Software Market Outlook
5 Global Mobile Banking Software Market, By Deployment Type
6 Global Mobile Banking Software Market, By Application
7 Global Mobile Banking Software Market, By Region
8 North America Mobile Banking Software Market Analysis and Forecast (2017 – 2027)
9 Europe Mobile Banking Software Market Analysis and Forecast (2017 – 2027)
10 Asia Pacific Mobile Banking Software Market Analysis and Forecast (2017 – 2027)
11 Latin America Mobile Banking Software Market Analysis and Forecast (2017 – 2027)
12 Middle East Mobile Banking Software Market Analysis and Forecast (2017 – 2027)
13 Competitive Analysis
14 Company Profiles
Companies Mentioned
- Temenos Group
- Infosys
- Neptune Software Group
- Apex Banking Software
- Capital Banking Solutions
- EBANQ Holdings
- Dais Software
- Fiserv
- SAB Group