The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.
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The Online banking Market drivers and trends are as follows:
The significant factors responsible for the growth of the global online banking market include the growing adoption of smartphones, better rate of interest, customer convenience, and the significant shift toward digitalization. In 2018, around 80 percent of banks worldwide shifted toward digitalization. Banking is a competitive business landscape, wherein shifting customer preference and competitive pressure is compelling traditional banks to shift toward faster digital banking transformation. Traditional banks are increasingly offloading routine banking tasks such as fund transfer, account onboarding, and bill payments to digital channels, which allows them to streamline branch operations, and back-office functions.
Online banking is a part of digital transformations in the bank, wherein customers can perform various transactions such as booking holiday periods without visiting banks. Online banking provides numerous benefits such as enhanced security, faster speed, cost-efficient, easy to monitor, and environment friendly. Due to multiple innovations and revolutionizing in digitalization, the interaction between banks and money have changed completely, which will further surge the growth of the online banking market across the globe. On the other hand, the integration of online banking platforms with legacy systems will hamper the markets' growth.
Key Benefits of the Report:
- This report offers an analytical depiction of the online banking market while providing the current trends and future estimations to determine the imminent investment pockets.
- This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the online banking market share.
- The report also provides a detailed online banking market analysis based on competitive intensity and how the competition will take shape over the next six years.
Various companies covered in the Online banking Market report:
- Microsoft Corporation
- ACI Worldwide, Inc.
- Fiserv, Inc.
- Tata Consultancy Services Ltd.
- Oracle Corporation
- Cor Financial Solutions
- Temenos Headquarters SA
- Broadridge Financial Solutions, Inc.
- EdgeVerve Systems Ltd.
- Capital Banking Solutions
Segmentation of the Online banking Market:
Breakup by Type:
- Retail Banking
- Corporate Banking
- Investment Banking
Breakup by Solution:
- Processing Services
- Customer and Channel Management
- Risk Management
Breakup by Region:
- North America
o United States of America
- Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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