Online banking market by type, software and application (payments, processing services, customer and risk management), 2021-2030


online bank

PORTLAND, OR, USA, March 9, 2022 / — Online banking, also known as online banking, online banking, or home banking, is an electronic payment system that allows a bank or other financial institution customer to conduct various financial transactions through the website of the institution. Additionally, customers can use online banking to access almost any service available at a physical branch, such as online deposits, transfers, and bill payments. Almost every banking institution offers some form of online banking, accessible through desktop and mobile apps. Additionally, banks, on the other hand, are striving to provide a more seamless experience across online and mobile channels, as well as increase customer engagement to meet customer demands, needs, and preferences. Hence, the surge in demand for online banking services is expected to drive the growth of the online banking market size in the years to come.

Main impact factors: analysis of market scenarios, trends, drivers and impact analysis

Convenience and better interest rates along with increasing smartphone usage and internet penetration are driving the growth of the market. Additionally, the shift of banks from traditional methods to digitized banking services by implementing technologies is further fueling the growth of the market. However, security and privacy issues may limit the market growth. On the contrary, the rise of innovative banking services and the rise of corporate investors are expected to provide lucrative opportunities to the market in the coming years.

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Companies covered: Key players analyzed are Microsoft Corporation, Fiserv Inc., Oracle Corporation, Tata Consultancy Services, Cor Financial Solutions Ltd, EdgeVerve Systems Limited, Temenos Group AG, ACI Worldwide, Broadridge Financial Solutions Inc. and CGI Inc.

The trends in the global online banking market are as follows:

Convenience and better interest rates:

High yield interest rate is becoming a key driver for market growth as it provides convenient and easier access to online banking products and services. Moreover, in online banking, there are no branches to maintain and other operational costs are reduced over time, resulting in increased profitability of business operations. Due to the reduction of these additional expenses, banks are offering their customers savings options with better interest rates.

Additionally, since all transaction information is stored on the bank’s terminal, customers can use e-banking without purchasing software, storage or backup data. As a result, these factors make the usage of e-banking more convenient for customers, thereby driving the growth of e-banking market share over the forecast period.

Increase in smartphone usage and internet penetration:

The demand for online banking continues to rise and is expected to maintain its dominance in the market, driven by an increase in smartphone usage and widespread internet penetration in several countries. In addition, consumers are increasingly using online banking services as banks offer real-time payment solutions, enabling regular online banking transactions, along with bill payment and other features. In addition, the banking industry has witnessed massive expansion and standardization in terms of products and services offered through mobile apps, along with increased consumer brand loyalty, propelling the growth of the e-banking market towards the mainstream. ‘before. Hence, increasing smartphone usage and internet penetration is driving the growth of the market over the forecast period.

Analysis of the COVID-19 scenario

During COVID-19, the global online banking market size has witnessed significant growth and continuous development. Additionally, due to the widespread fear of the virus and the desire to maintain social distancing, consumers are primarily using mobile phones and web browsers to access banking services.
As a result, the shift in consumer preferences towards online banking has accelerated the growth of the online banking market. Additionally, COVID-19 has had a positive impact on online banking, which is expected to continue to dominate over the forecast period.

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Key benefits of the report:

• This study presents an analytical description of the global E-Banking market together with current trends and future estimations to determine impending pockets of investment.
• The report presents information related to key drivers, restraints and opportunities along with detailed market share analysis.
• Current market is quantitatively analyzed from 2021 to 2030 to highlight the growth scenario of the global Online Banking market.
• Porter’s Five Forces analysis illustrates the power of buyers and suppliers in the marketplace.
• The report provides a detailed analysis of the market based on the current and future competitive intensity of the market.

Answers to questions in the Online Banking Market Research Report:

• Who are the main players active in the global e-banking market?
• What would be the detailed impact of COVID-19 on the Global Online Banking Market?
• What are the current trends that would influence the market in the coming years?
• What are the global online banking market drivers, restraints and opportunities?
• What are the projections for the future that would help take further strategic action?

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Key market segments



• Information services
• Transactional services
• Communicative services


• Custom software
• Standard software


• Payments
• Processing services
• Customer and channel management
• Risk management
• Others

By region

• North America
o United States
o Canada
o Mexico
• Europe
o United Kingdom
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
o Africa

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

David Correa
Allied Analytics LLP
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