Product Code: A00144
According to a new report published by Allied Market Research, titled, "Mobile Banking Market," The mobile banking market was valued at $1.5 billion in 2022, and is estimated to reach $7 billion by 2032, growing at a CAGR of 16.8% from 2023 to 2032.
The key factors that drive the growth of the mobile banking market include growth in awareness about personal finance management and increased smartphone penetration. Increase in awareness of personal finance led to an increase in personal finance literacy. People are understanding budgeting, investing, saving, and managing debt with the help of mobile banking. As a result, consumers are making informed decisions about their finances with the help of mobile banking. In addition, increase in demand for convenient banking services is considered as an important factor to boost the mobile banking market. Mobile banking allows users to check their account balances, review transactions, or make payments at any time of day. This flexibility aligns with the busy and often non-standard schedules of modern consumers. Moreover, mobile banking services are designed to save time. With a few taps on their smartphones, users can complete tasks that might have taken much longer through traditional banking channels. However, rise in security and privacy concerns are major factors that hamper the growth of the mobile banking market. Mobile banking accounts contain a wealth of personal and financial information. The concern of identity theft is a significant concern, as a security breach could potentially expose individuals to fraudulent activities, leading them to reconsider using mobile banking for sensitive transactions. Contrarily, the market also offers growth opportunities to the key players in the market. The integration of advanced technologies presents significant opportunities for the mobile banking industry. AI and machine learning could revolutionize mobile banking. This technology is used for personalized financial advice, predictive analytics, risk assessment and fraud detection. AI-powered chatbots and virtual assistants provide real-time customer support and help users to better manage finances.
The mobile banking market is segmented on the basis of transaction, platform, and region. On the basis of transaction, it is categorized into consumer-to-consumer, and consumer-to-business. On the basis of platform, it is classified into android, iOS, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the mobile banking market such as
1) American Express Company, Bank of America Corporation, BNP Paribas, Capital One, Citigroup Inc., JPMorgan Chase & Co., Mitsubishi UFJ Financial Group, Inc., UBS, HSBC Holdings plc, and Wells Fargo & Company. These players have adopted various strategies to increase their market penetration and strengthen their position in the mobile banking market.
Key benefits for stakeholders
- The study provides in-depth analysis of the global mobile banking market along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global mobile banking market size are provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global mobile banking market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Technology Trend Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- SWOT Analysis
Key Market Segments
By Transaction
- Consumer-to-business
- Consumer-to-consumer
By Platform
By Region
- North America
- Europe
- UK
- Germany
- France
- Itlay
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Rest of Latin America
- Rest Of Middle East
- Central African Republic
Key Market Players:
- BNP Paribas
- JPMORGAN CHASE & CO.
- Citigroup Inc.
- American Express Company
- BANK OF AMERICA CORPORATION
- Capital One
- MITSUBISHI UFJ FINANCIAL GROUP, INC.
- UBS
- HSBC Group
- Wells Fargo
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increased smartphone penetration
- 3.4.1.2. Increase in demand for convenient banking services
- 3.4.1.3. Growth in awareness about personal finance management
- 3.4.2. Restraints
- 3.4.2.1. Rise in security and privacy concerns
- 3.4.3. Opportunities
- 3.4.3.1. Integration of advanced technologies
- 3.4.3.2. The emergence of fintech startups
CHAPTER 4: MOBILE BANKING MARKET, BY TRANSACTION
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Consumer-to-consumer
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Consumer-to-business
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: MOBILE BANKING MARKET, BY PLATFORM
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Android
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. iOS
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: MOBILE BANKING MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Transaction
- 6.2.3. Market size and forecast, by Platform
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Transaction
- 6.2.4.1.2. Market size and forecast, by Platform
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Transaction
- 6.2.4.2.2. Market size and forecast, by Platform
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Transaction
- 6.3.3. Market size and forecast, by Platform
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. UK
- 6.3.4.1.1. Market size and forecast, by Transaction
- 6.3.4.1.2. Market size and forecast, by Platform
- 6.3.4.2. Germany
- 6.3.4.2.1. Market size and forecast, by Transaction
- 6.3.4.2.2. Market size and forecast, by Platform
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by Transaction
- 6.3.4.3.2. Market size and forecast, by Platform
- 6.3.4.4. Itlay
- 6.3.4.4.1. Market size and forecast, by Transaction
- 6.3.4.4.2. Market size and forecast, by Platform
- 6.3.4.5. Spain
- 6.3.4.5.1. Market size and forecast, by Transaction
- 6.3.4.5.2. Market size and forecast, by Platform
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Transaction
- 6.3.4.6.2. Market size and forecast, by Platform
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Transaction
- 6.4.3. Market size and forecast, by Platform
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Transaction
- 6.4.4.1.2. Market size and forecast, by Platform
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Transaction
- 6.4.4.2.2. Market size and forecast, by Platform
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Transaction
- 6.4.4.3.2. Market size and forecast, by Platform
- 6.4.4.4. Australia
- 6.4.4.4.1. Market size and forecast, by Transaction
- 6.4.4.4.2. Market size and forecast, by Platform
- 6.4.4.5. South Korea
- 6.4.4.5.1. Market size and forecast, by Transaction
- 6.4.4.5.2. Market size and forecast, by Platform
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Transaction
- 6.4.4.6.2. Market size and forecast, by Platform
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Transaction
- 6.5.3. Market size and forecast, by Platform
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Rest of Latin America
- 6.5.4.1.1. Market size and forecast, by Transaction
- 6.5.4.1.2. Market size and forecast, by Platform
- 6.5.4.2. Rest Of Middle East
- 6.5.4.2.1. Market size and forecast, by Transaction
- 6.5.4.2.2. Market size and forecast, by Platform
- 6.5.4.3. Central African Republic
- 6.5.4.3.1. Market size and forecast, by Transaction
- 6.5.4.3.2. Market size and forecast, by Platform
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. American Express Company
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
- 8.2. BANK OF AMERICA CORPORATION
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.3. BNP Paribas
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
- 8.4. Capital One
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.5. Citigroup Inc.
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
- 8.6. JPMORGAN CHASE & CO.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
- 8.7. MITSUBISHI UFJ FINANCIAL GROUP, INC.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.8. UBS
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
- 8.9. HSBC Group
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.10. Wells Fargo
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments