Global Neo and Challenger Bank Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Neo and Challenger Bank Market 2024 by Company, Regions, Type and Application, Forecast to 2030


Neo and Challenger Bank are fintech based financial providers that provided services digitally, includes companies that applied for their own banking license (categorized as Challenger Banks). and companies that partnered with a traditional bank to provide those financial services (categorized as Neo banks). Specifically, a neo bank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. In general, a neo-bank don’t have their own bank license – they are an institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building. This usually includes features like mobile deposits, P2P payments, mobile budgeting tools and real-time digital receipts. Challenger banks are defined as fintech companies leveraging technology and software to digitize and streamline retail banking. Challengers use digital distribution channels, typically mobile, to offer competitive retail banking services such as current accounts, savings accounts, loans, insurance, and credit cards. While neo-banks offer a mobile-first banking experience in partnership with a traditional bank, challenger banks aim at becoming fully-licensed banks, creating new data-driven banking experiences and pricing models.

According to our (Global Info Research) latest study, the global Neo and Challenger Bank market size was valued at US$ 10160 million in 2023 and is forecast to a readjusted size of USD 54240 million by 2030 with a CAGR of 27.3% during review period.

The main Neo and Challenger Bank players include Atom Bank, Tandem Bank, N26, WeBank, MyBank, Starling Bank, etc. The top six Neo and Challenger Bank players account for approximately 24% of the total global market. Europe is the largest consumer market for Neo and Challenger Bank, followed by North America and Asia-Pacific. And in terms of Applications, the largest segment is Business, followed by Personal.

This report is a detailed and comprehensive analysis for global Neo and Challenger Bank market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Neo and Challenger Bank market size and forecasts, in consumption value ($ Million), 2019-2030

Global Neo and Challenger Bank market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Neo and Challenger Bank market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global Neo and Challenger Bank market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Neo and Challenger Bank

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Neo and Challenger Bank market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Atom Bank, Movencorp, Simple Finance Technology, Fidor Group, N26, Pockit, Ubank, Monzo Bank, MyBank (Alibaba Group), Holvi Bank, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Neo and Challenger Bank market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Neo and Challenger Bank market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Neobanks
Challenger Banks

Market segment by Application
Personal Consumers
Business Organizations

Market segment by players, this report covers
Atom Bank
Movencorp
Simple Finance Technology
Fidor Group
N26
Pockit
Ubank
Monzo Bank
MyBank (Alibaba Group)
Holvi Bank
WeBank (Tencent Holdings Limited)
Hello Bank
Koho Bank
Rocket Bank
Soon Banque
Digibank
Timo
Jibun
Jenius
K Bank
Kakao Bank
Starling Bank
Tandem Bank

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Neo and Challenger Bank product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Neo and Challenger Bank, with revenue, gross margin, and global market share of Neo and Challenger Bank from 2019 to 2024.

Chapter 3, the Neo and Challenger Bank competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Neo and Challenger Bank market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Neo and Challenger Bank.

Chapter 13, to describe Neo and Challenger Bank research findings and conclusion.


1 Market Overview
2 Company Profiles
3 Market Competition, by Players
4 Market Size Segment by Type
5 Market Size Segment by Application
6 North America
7 Europe
8 Asia-Pacific
9 South America
10 Middle East & Africa
11 Market Dynamics
12 Industry Chain Analysis
13 Research Findings and Conclusion
14 Appendix

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