Online Banking Market

Rise in Non-cash Transactions Giving Boom to Online Banking Market

The online banking market worldwide is expected to grow with a CAGR of 4.28% during the forecast period from 2019 to 2027, starting from US$ 7.60 Bn in 2018. In 2016, Global non-cash transactions volumes grew with more than 10% to reach over US$ 480.0 Bn. Online banking allow customers to carry financial transactions on a secure network employed by the serving organization. Rapidly growing number of smartphone users coupled with internet penetration has built a robust platform for online banking market. Due to convenience and ease of access are some of the factors on account of which people are using online banking services. However, high security concerns over customer’s data hinders the market. Despite profound penetration of online banking, significant percentage of people worldwide are skeptical towards using this service due to concerns of security.

Market Synopsis

Retail Banking to Continue as the Market Leader

Retail banking holds the highest market share in the banking industry with more than 35% of the market share, as of 2018. Retail banking offers various services such as savings account, fixed deposits, recurring deposit and other financial services. Further, retail banking offers a fixed and better rate of return compared with other financial products. On account of ease of access and rising smartphone use, consumers prefer to use banking in their hands rather going in brick & mortar banks. Today, all the banking functions from money transfer to loan application are available in consumers’ smartphones through mobile apps.

Asia Pacific to Emerge as the Market Leader in the Forecast Period

In 2018, North America led the market followed by Asia Pacific and Europe respectively. In North America, the non-cash transaction volume is very high and holds more than 30% of the overall volume. Due to rise of internet penetration in Asia Pacific, we are expecting a boom in the online banking market in Asia Pacific. Additionally, the growing smartphone use and availability of banking through apps is likely to drive the Asia Pacific market. In 2014, the government of India launched a scheme called ‘Jan Dhan Yojana’ that aims to expand and make affordable access to financial services for the entire nation. This has enlarged the addressable online banking consumer base in the country, thereby promising robust growth opportunities.

Some of the prominent players operating in the online banking market include ACI Worldwide, Microsoft Corporation, Temenos Group AG, Oracle Corporation, Fiserv, Inc., Cor Financial Solutions Ltd., EdgeVerve Systems Limited, Symitar (A division of Jack Henry & Associates, Inc.), Capital Banking Solutions, JPMorgan Chase & Co., Tata Consultancy Services Limited, TRG Mobilearth Inc. and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The online banking market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global online banking market based on banking type, payment vertical and geography.

Key questions answered in this report

• What was the market size of online banking in 2018 and forecast up to 2027?
• Which is the largest regional market for online banking?
• What are the major trends followed in overall online banking across different regions?
• What are the key market trends and high-growth opportunities observed in the online banking market?
• What are the drivers of the online banking market?
• Who are the key online banking companies leading the market?
• What are the key strategies adopted by the leading online banking companies in market?

Unique data points of this report

• Statistics on online banking worldwide
• Recent trends across different regions in terms of adoption of online banking
• Notable developments going on in the online banking industry
• Attractive investment proposition for online banking segment as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global OB Market
2.2 Global OB Market, By Banking Type, 2018 (US$ Mn)
2.3 Global OB Market, By Payment Vertical Type, 2018 (US$ Mn)
2.4 Global OB Market, By Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global OB Market Value, 2017 – 2027, (US$ Mn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment ProBanking Type, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Banking Typeing of Key OB Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Online Banking (OB) Market Analysis, by Banking Type, 2017 – 2027 (US$ Mn)
4.1 Overview
4.2 Retail Banking
4.3 Corporate Banking
4.4 Digital Investing

Chapter 5 Global Online Banking (OB) Market Analysis, by Payment Vertical Type, 2017 – 2027 (US$ Mn)
5.1 Overview
5.2 Banking Cards
5.3 Uniform Payment Interface
5.4 Mobile Wallets
5.5 Mobile Banking
5.6 Internet Banking

Chapter 6 North America Online Banking (OB) Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 North America OB Market Analysis, By Banking Type, 2017 – 2027
6.2.1 Market Analysis
6.3 North America OB Market Analysis, By Payment Vertical Type, 2017 – 2027
6.3.1 Market Analysis
6.4 North America OB Market Analysis, By Region/Country, 2017 – 2027
6.4.1 U.S.
6.4.1.1 U.S. OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
6.4.1.2 U.S. OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
6.4.2 Rest of North America
6.4.2.1 Rest Of North America OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
6.4.2.2 Rest Of North America OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)

Chapter 7 Europe Online Banking (OB) Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Europe OB Market Analysis, By Banking Type, 2017 – 2027
7.2.1 Market Analysis
7.3 Europe OB Market Analysis, By Payment Vertical Type, 2017 – 2027
7.3.1 Market Analysis
7.4 Europe OB Market Analysis, By Region/Country, 2017 – 2027
7.4.1 U.K
7.4.1.1 U.K. OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
7.4.1.2 U.K. OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
7.4.2 Germany
7.4.2.1 Germany OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
7.4.2.2 Germany OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
7.4.3 France
7.4.3.1 France OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
7.4.3.2 France OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
7.4.4 Rest of Europe
7.4.4.1 Rest Of Europe OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
7.4.4.2 Rest Of Europe OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)

Chapter 8 Asia Pacific Online Banking (OB) Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 Asia Pacific OB Market Analysis, By Banking Type, 2017 – 2027
8.2.1 Market Analysis
8.3 Asia Pacific OB Market Analysis, By Payment Vertical Type, 2017 – 2027
8.3.1 Market Analysis
8.4 Asia Pacific OB Market Analysis, By Region/Country, 2017 – 2027
8.4.1 China
8.4.1.1 China OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
8.4.1.2 China OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
8.4.2 Japan
8.4.2.1 Japan OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
8.4.2.2 Japan OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
8.4.3 India
8.4.3.1 India OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
8.4.3.2 India OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
8.4.4 Rest of Asia Pacific
8.4.4.1 Rest Of Asia Pacific OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
8.4.4.2 Rest Of Asia Pacific OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)

Chapter 9 Rest of the World (RoW) Online Banking (OB) Market Analysis, 2017 – 2027 (US$ Mn)
9.1 Overview
9.2 RoW OB Market Analysis, By Banking Type, 2017 – 2027
9.2.1 Market Analysis
9.3 RoW OB Market Analysis, By Payment Vertical Type, 2017 – 2027
9.3.1 Market Analysis
9.4 RoW OB Market Analysis, By Region/Country, 2017 – 2027
9.4.1 Middle East & Africa(MEA)
9.4.1.1 MEA OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
9.4.1.2 MEA OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
9.4.2 Latin America
9.4.2.1 Latin America OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
9.4.2.2 Latin America OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)

Chapter 10 Company Profiles
10.1 ACI Worldwide
10.2 Microsoft Corporation
10.3 Temenos Group AG
10.4 Oracle Corporation
10.5 Fiserv, Inc.
10.6 Cor Financial Solutions Ltd.
10.7 EdgeVerve Systems Limited
10.8 Symitar (A division of Jack Henry & Associates, Inc.)
10.9 Capital Banking Solutions
10.10 JPMorgan Chase & Co.
10.11 Tata Consultancy Services Limited
10.12 TRG Mobilearth Inc.

List of Figures

FIG. 1 Global Online Banking (OB): Market Segmentation
FIG. 2 Global OB Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global OB Market, By Banking Type, 2018 (US$ Mn)
FIG. 5 Global OB Market, By Payment Vertical Type, 2018 (US$ Mn)
FIG. 6 Global OB Market, By Geography, 2018 (US$ Mn)
FIG. 7 Global OB Market Value, 2017 – 2027, (US$ Mn)
FIG. 8 Attractive Investment ProBanking Type, by Geography, 2018
FIG. 9 Market Banking Typeing of Key OB Vendors, 2018
FIG. 10 Global OB Market Value Contribution, By Banking Type 2018 & 2027 (%)
FIG. 11 Global OB Retail Banking Market Value, 2017 – 2027, (US$ Mn)
FIG. 12 Global OB Corporate Banking Market Value, 2017 – 2027, (US$ Mn)
FIG. 13 Global OB Digital Investing Market Value, 2017 – 2027, (US$ Mn)
FIG. 14 Global OB Market Value Contribution, By Payment Vertical Type2018 & 2027 (%)
FIG. 15 Global OB Market, Banking Cards Market Value, 2017 – 2027, (US$ Mn)
FIG. 16 Global OB Uniform Payment Interface Market Value, 2017 – 2027, (US$ Mn)
FIG. 17 Global OB Mobile Wallets Market Value, 2017 – 2027, (US$ Mn)
FIG. 18 Global OB Mobile Banking Market Value, 2017 – 2027, (US$ Mn)
FIG. 19 Global OB, Internet Banking Market Value, 2017 – 2027, (US$ Mn)
FIG. 20 North America OB Market Value, 2017 – 2027, (US$ Mn)
FIG. 21 Europe OB Market Value, 2017 – 2027, (US$ Mn)
FIG. 22 Asia Pacific OB Market Value, 2017 – 2027, (US$ Mn)
FIG. 23 RoW OB Market Value, 2017 – 2027, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Online Banking (OB) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 5 North America OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 6 North America OB Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
TABLE 7 U.S. OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 8 U.S. OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 9 Rest of North America OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 10 Rest of North America OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 11 Europe OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 12 Europe OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 13 Europe OB Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
TABLE 14 U.K. OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 15 U.K. OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 16 Germany OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 17 Germany OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 18 U.K. OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 19 France OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 20 Rest of Europe OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 21 Rest of Europe OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 22 Asia Pacific OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 23 Asia Pacific OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 24 Asia Pacific OB Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
TABLE 25 China OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 26 China OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 27 Japan OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 28 Japan OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 29 India OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 30 India OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 31 Rest of Asia Pacific OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 32 Rest of Asia Pacific OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 33 RoW OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 34 RoW OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 35 RoW OB Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
TABLE 36 MEA OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 37 MEA OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 38 Latin America OB Market Value, By Banking Type, 2017 – 2027 (US$ Mn)
TABLE 39 Latin America OB Market Value, By Payment Vertical Type, 2017 – 2027 (US$ Mn)
TABLE 40 ACI Worldwide: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 41 Microsoft Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 42 Temenos Group AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 43 Oracle Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 44 Fiserv, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 45 Cor Financial Solutions Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 46 EdgeVerve Systems Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 47 Symitar (A division of Jack Henry & Associates, Inc.): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 48 Capital Banking Solutions: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 49 JPMorgan Chase & Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 50 Tata Consultancy Services Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 51 TRG Mobilearth Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)