市場調查報告書
商品編碼
1498368
網路銀行市場評估:依銀行類型、軟體類型、服務類型和地區劃分的機會和預測(2017-2031)Global Online Banking Market Assessment, By Banking Type, By Software Type, By Service Type, By Region, Opportunities and Forecast, 2017-2031F |
預計全球網路銀行市場規模將從2023年的169.1億美元成長到2031年的458.1億美元,2024-2031年預測期間複合年增長率為13.27%。
智慧型手機的使用和網路普及率影響網路銀行市場:
智慧型手機使用率和網路普及率的快速成長對全球網路銀行服務的成長產生了重大影響。隨著各國越來越多的人採用智慧型手機並上網,對方便易用的銀行解決方案的需求激增。由於能夠透過行動裝置進行銀行交易的便利性,消費者的行為正在轉向網路銀行。即時支付選項、帳單支付功能和其他數位銀行服務已成為許多人日常財務管理的重要組成部分。
此外,智慧型手機和網路連線的廣泛採用增加了網路銀行的使用頻率,有助於透過行動銀行應用程式提供的產品和服務的標準化和增強。銀行不斷創新,以提供無縫且安全的數位銀行體驗,從而提高銀行業的消費者品牌忠誠度。總體而言,對智慧型手機和網路連線的日益依賴徹底改變了個人與金融互動的方式,推動了網路銀行在全球市場的持續成長和主導地位。
根據 GSMA 發佈的State of Mobile Internet Connectivity Report 2023,估計有 43 億人擁有智慧型手機,佔全球人口的 54%。智慧型手機擁有者數量每年都在增加,為網路銀行市場的擴張創造了巨大的機會。
提高便利性和有競爭力的利率:
網路銀行的興起為消費者帶來了無數的好處,但便利性和有競爭力的利率是最重要的好處。網路銀行服務的可近性和易用性改變了個人財務管理,為進行各種銀行交易提供了無縫且高效的平台。網路銀行最大的吸引力之一是金融機構提供的有競爭力的利率。缺乏實體地點意味著營運成本較低,銀行可以透過為儲蓄帳戶和其他金融產品提供更高的利率,將這些儲蓄轉嫁給客戶。它激發了客戶的儲蓄慾望,使他們能夠獲得比傳統實體銀行更高的存款利率。
本報告調查了全球線上銀行市場,並提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構、影響市場成長的因素分析以及案例研究、競爭格局、主要概況。
Global online banking market is projected to witness a CAGR of 13.27% during the forecast period 2024-2031, growing from USD 16.91 billion in 2023 to USD 45.81 billion in 2031. Online banking, also known as internet banking, enables users to access their bank accounts and conduct financial transactions through the web. The convenient banking method allows individuals to manage their funds, transfer money, pay bills, and receive payments online. In the past, the idea of managing non-physical money over the internet seemed unimaginable. However, with the advancement of technology, online banking became a common practice, accessible through various digital devices such as smartphones, laptops, and computers.
While traditional banking requires physical visits to bank branches, online banking offers a more flexible and accessible alternative. Many banks provide dedicated applications that offer a wide range of services like those available at physical branches. The digital transformation has revolutionized the way customers interact with their finances, allowing them to manage their accounts from anywhere at any time.
One of the key advantages of online banking is its availability 24/7. Continuous access ensures that customers can monitor their accounts, track transactions, and stay updated on their financial status without being restricted by banking hours or holidays. The virtual banking system has addressed the limitations of traditional banking, offering a seamless and efficient way for individuals with busy schedules to stay connected to their finances.
In June 2023 Infosys, a global leader in next-generation digital services and consulting, established a strategic agreement with Danske Bank to accelerate the bank's digital transformation activities. The partnership will help Danske Bank achieve its goals of improved customer experiences, operational excellence, and a modernized innovation landscape governed by state-of-the-art arrangements.
Smartphone Usage and Internet Penetration to Impact Online Banking Market
The surge in smartphone usage and internet penetration has significantly influenced the growth of online banking services worldwide. As more individuals across various countries adopt smartphones and gain access to the internet, the demand for convenient and accessible banking solutions has soared. The convenience of conducting banking transactions on-the-go through mobile devices has led to a shift in consumer behavior towards online banking. Real-time payment options, bill payment features, and other digital banking services have become integral parts of everyday financial management for many individuals.
Moreover, the widespread availability of smartphones and internet connectivity has increased the frequency of online banking usage and contributed to the standardization and enhancement of products and services offered through mobile banking applications. Banks are continuously innovating to provide seamless and secure digital banking experiences, leading to a boost in consumer brand loyalty in the banking sector. Overall, the increasing reliance on smartphones and internet connectivity has revolutionized the way individuals interact with their finances, driving continued growth and dominance of online banking in the global market.
According to the State of Mobile Internet Connectivity Report 2023 published by GSMA, an estimated 4.3 billion people owned a smartphone which is 54% of the global population. With the number of smartphone owners growing each year, it provides the online banking market a prime opportunity to expand.
Enhanced Convenience and Competitive Interest Rates
The rise of online banking has brought about a myriad of benefits for consumers, with convenience and competitive interest rates standing out as key advantages. The accessibility and ease of use of online banking services have transformed how individuals manage their finances, offering a seamless and efficient platform for conducting various banking transactions. One of the primary attractions of online banking is the competitive interest rate offered by financial institutions. With lower operational costs due to the absence of physical branches, banks can pass these savings to customers through higher interest rates on savings accounts and other financial products. It incentivizes customers to save and allows them to earn more on their deposits than traditional brick-and-mortar banks.
Moreover, the convenience of online banking extends beyond accessibility. Customers can access their accounts, make transactions, and monitor their finances from anywhere at any time, eliminating the need to visit a physical branch. The ability to conduct banking activities remotely without the need for additional software or storage solutions further enhances the convenience factor for users. Overall, the combination of enhanced convenience and competitive interest rates in online banking has significantly contributed to its popularity and market growth, providing customers with a more efficient and rewarding banking experience.
In October 2023, Axis Bank, one of India's largest private sector banks, announced the launch of its digital bank proposition, 'open by AxisBank'. The digital bank focuses on delivering a personalized, intuitive, and hassle-free digital banking experience.
Emergence of North America as a Leader in the Online Banking Industry
North America has emerged as a key player in the online banking industry, with the region experiencing significant revenue growth. The United States and Canada are leading the way in adopting online banking services, with the United States expected to maintain its dominance in the market.
Several factors contribute to the growth of online banking in North America, including the presence of major market players, rising youth population, and increased consumer awareness about the benefits of online banking. The convenience and accessibility of online banking have attracted consumers who previously relied on traditional banking methods, driving market expansion in the region. Key drivers of the online banking industry in North America include advancements in information technology and the development of interactive and user-friendly interfaces for online platforms. The region sets trends and influences the global online banking landscape, with consumers in North America being among the most tech-savvy and product-aware, supported by the presence of major global players and a high youth population. North America's online banking sector is poised for continued growth and innovation, shaping the future of online banking services worldwide.
The Payment Segment dominated the market
The payments segment dominated the online banking industry. Consumers increasingly use Internet channels to make payments since they reduce the need to visit a bank or utilize traditional payment methods like cash or checks. Online banking enables the close interchange of assets across accounts in real-time, allowing for quick and efficient payment processing. This is particularly useful for time-sensitive transactions or urgent payments. As a result, this has emerged as a major market trend. Furthermore, online banking solution providers have collaborated with suppliers such as utility companies, entertainment, media, and multiplexes. Customers can now use online banking platforms to make various other daily payments.
Retail Banking to Contribute Highest to Global Online Banking Market Growth
Retail banking has become the most preferred service due to its growing customer base. Retail banking is the fastest growing segment among all types of banking, primarily due to an increase in the number of customers willing to switch to online banking techniques. Furthermore, retail banking offers quick and readily available access to banking services. Global expansion in internet penetration and technical improvements have helped drive retail banking development. Consumers are looking for digital solutions to help them regulate their finances and gain financial insight. Furthermore, as interest rates and inflation rise, new profit opportunities in deposit, lending, and wealth accounts are projected to arise, providing growth potential for retail banking.
Future Market Scenario (2024 - 2031F)
The global online market is expected to witness sustained growth in the coming years, driven by increasing internet penetration, digitalization, and e-commerce adoption worldwide.
Mobile devices are projected to play a significant role in shaping the future of the online market, with a growing number of consumers preferring to shop, bank, and interact online through their smartphones and tablets.
The future online market is likely to be characterized by personalized experiences and AI-driven recommendations as businesses leverage data analytics and artificial intelligence to tailor offerings to individual preferences and enhanced customer engagement.
With the rise of online transactions and digital interactions, there will be a heightened focus on cybersecurity and data protection measures to safeguard consumer information and ensure trust in online platforms.
Key Players Landscape and Outlook
The online banking market is a dynamic and competitive landscape, with several key players shaping the industry's outlook. These key players are financial institutions, technology companies, and fintech startups that offer online banking services to consumers and businesses. Some of the prominent players in the online banking market include traditional banks, which have established online banking platforms to cater to their customers' digital banking needs. In addition to traditional banks, some digital-only banks and neobanks operate exclusively online, without any physical branches. These digital banks have gained popularity among tech-savvy consumers for their user-friendly interfaces, innovative features, and competitive rates.
Furthermore, technology companies have entered online banking, offering digital payment solutions, peer-to-peer transfers, and other financial services through their platforms. The tech giants leverage existing user base and technological expertise to provide seamless and convenient online banking experiences. Fintech startups play a significant role in driving innovation and disruption in the online banking market. Several companies offer a range of financial products and services, including online banking, investing, lending, and wealth management, targeting a younger demographic with digital-first solutions. The online banking market is characterized by intense competition, rapid technological advancements, and evolving consumer preferences. Key players in the industry are continuously innovating and expanding their offerings to stay ahead of the curve and meet the growing demand for digital financial services.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work