E-banking Market, By Service Type (Online Banking, Mobile Banking, Telephone Banking, Digital Payment Services, and Others), By Application (Payments, Processing Services, Customer and Channel Management, Risk Management, and Others), By End User (Individ

E-banking Market, By Service Type (Online Banking, Mobile Banking, Telephone Banking, Digital Payment Services, and Others), By Application (Payments, Processing Services, Customer and Channel Management, Risk Management, and Others), By End User (Individual Customers, Small and Medium Enterprises (SMEs), and Large Enterprises), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Global e-banking market has been witnessing significant growth in the past decade due the rising adoption of digital technologies among banks and customers. E-banking refers to the delivery of banking products and services through electronic channels without visiting a brick-and-mortar branch. It provides customers with convenience and allows them to manage their finances from anywhere using internet banking, mobile banking apps, ATMs, phone banking and other digital platforms. While traditional banking dominated the industry for a long time, the COVID-19 pandemic has further accelerated the digital transformation of banking as customers shifted to remote banking solutions for their day to day financial needs.

Market Dynamics:

Global e-banking market is driven by the rising internet and smartphone penetration worldwide coupled with growing customer preference for convenience offered by digital banking services. However, cybersecurity threats associated with online banking and data privacy concerns pose significant challenges to the market growth. Moreover, lack of digital skills in certain demographics also restrains the adoption of e-banking services. On the positive side, advancing technologies such as AI, Blockchain, and biometrics are opening new opportunities for market players to develop innovative products and enhance security features. Furthermore, initiation of government policies promoting financial inclusion are expected to boost the e-banking adoption across developing regions over the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global e-banking market, and provides market size (US$ Tn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global e-banking market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include JPMorgan Chase & Co., Bank of America, Wells Fargo & Co., Citigroup Inc., HSBC Holdings plc, Goldman Sachs Group, Inc., American Express Company, PayPal Holdings, Inc., Square, Inc. (Block, Inc.), Barclays PLC, UBS Group AG, Standard Chartered PLC, TNP Paribas, ING Group, and Ally Financial Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global e-banking market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global e-banking market

Detailed Segmentation-

By Service Type Insights (Revenue, US$ Tn, 2019 - 2031)

Online Banking

Mobile Banking

Telephone Banking

Digital Payment Services

Others

By Application Insights (Revenue, US$ Tn, 2019 - 2031)

Payments

Processing Services

Customer and Channel Management

Risk Management

Others

By End User Insights (Revenue, US$ Tn, 2019 - 2031)

Individual Customers

Small and Medium Enterprises (SMEs)

Large Enterprises

Regional Insights (Revenue, US$ Tn, 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

JPMorgan Chase & Co.

Bank of America

Wells Fargo & Co.

Citigroup Inc.

HSBC Holdings plc

Goldman Sachs Group, Inc.

American Express Company

PayPal Holdings, Inc.

Square, Inc. (Block, Inc.)

Barclays PLC

UBS Group AG

Standard Chartered PLC

TNP Paribas

ING Group

Ally Financial Inc.