Allied Market Research published an exclusive report, titled, “Online Banking Market Service Type (Payments, Processing Services, Customer & Channel Management, Wealth Management, and Others), and by Banking Type (Retail Banking, Corporate Banking, and Investment Banking): Global Opportunity Analysis and Industry Forecast, 2020–2027”.
Elaborate Analysis With Growth Forecast To 2027 – CGI Inc., COR Financial Solutions Limited, EdgeVerve Systems
The online banking market report offers a detailed analysis of prime factors that impact the market growth such as key market players, current market developments, and pivotal trends. The report includes an in-depth study of key determinants of the global market including drivers, challenges, restraints, and upcoming opportunities.
The online banking market report encompasses driving factors of the market coupled with prime obstacles and restraining factors that hamper the market growth. The report helps existing manufacturers and entry-level companies devise strategies to battle challenges and leverage lucrative opportunities to gain a foothold in the global online banking market.
The online banking market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
The online banking market report offers an in-depth analysis of the 10 prime market players that are active in the market.
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Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services.
In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations. The prime market players studied in the report are ACI Worldwide, Inc., Capital Banking Solution, CGI Inc., COR Financial Solutions Limited, EdgeVerve Systems Limited, Fiserv, Inc., Microsoft, Oracle, Tata Consultancy Services Limited, and Temenos Headquarters SA.
The online banking market report provides thorough information about prime end-users and annual forecasts during the period from 2020 to 2027.
Moreover, it offers revenue forecasts for every year coupled with sales growth of the online banking market. The forecasts are provided by skilled analysts in the online banking market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the online banking industry.
Online banking Market Key Segments
Based on banking type, the retail banking segment accounted for nearly half of the total market share in 2019 and is projected to retain its dominance by 2027. Simultaneously, the investment banking segment would showcase the fastest CAGR of 15.7% from 2020 to 2027.
Based on region, North America garnered the major share in 2019, holding nearly one-third of the global market. At the same time, Asia-Pacific would register the fastest CAGR of 15.2% till 2027. The other two provinces studied in the report include Europe and LAMEA.
- The report offers Porter’s Five Forces analysis to recognize the ability of buyers and suppliers, which allows business investors to formulate strategic decisions.
- The report includes an in-depth study of the current market trends and market size along with a forecast of the online banking market from 2020-2027.
- The study provides the potential of the industry across several regions coupled with revenue contribution.
- The report offers a thorough study of the key market players that are active in the online banking market.
COVID-19 Scenario Analysis:
- To subdue the spread of COVID–19, respective governments have shutdown day-to-day business operations by implementing a full-scale lockdown. Labor shortages and delays in project completion are a few factors hindering the online banking industry, resulting in a decline in production.
- Online banking market forecast has been significantly impacted by the outbreak. New projects throughout the world have stalled, which have significant demand for the online banking market.
- The factories have struggled to manufacture and assemble new devices as workers have stayed in their homes while the already available devices in various warehouses cannot be transported due to current rules & regulations, which disrupted the supply chains.
- The impact of COVID-19 on the online banking market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for these products are gradually going to increase. This is expected to provide opportunities for companies operating in the market to think about ways of increasing production, research technologies, and improve current products.
Key Offering of the Report:
- Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
- Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
- Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
- Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
- Competitive landscape: A detailed study of major market players that are active in the online banking market.
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Article Source: openPR
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