Global Mobile Banking Market Set to Proliferate at a Moderate Pace Over the Forecast Period

Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Mobile Banking Market

Market Synopsis:

As per Market Research Future (MRFR)’s analysis, the global mobile banking market is set to expand at a moderate CAGR during the forecast period. Mobile banking services are widely accepted by the customers all across the world owing to the convenience offered. It also ensures the completion of a transaction in minimum time that would take hours otherwise. Banks are capitalizing on internet services for leveraging their schemes and attracting larger customer bases. This, in turn, is anticipated to revolutionize the growth trajectory of the mobile banking market.

With the advancements in the internet technology and expansion of its access, the banking industry is also catching up with the developments. Nowadays, banks are endeavoring to make all the banking facilities available from door to door for gaining a competitive edge over competitors. The large-scale market presence of smartphones is further expected to support the vision, thus, augmenting the mobile banking market.

Governments all over the world are emphasizing on the promotion of the cashless economy to check evasion of taxes. This is presumed to support the development of the mobile banking market over the next couple of years. Furthermore, the deeply rooted penetration of smartphones into the lives of the global population belonging to all age groups is supposed to have a positive influence on the growth of the market.

Although cyber attacks pose threat to customers’ privacy, proper regulations have been enforced for the protection of sensitive information. Nevertheless, extra charges levied by the banks for offering these services are presumed to hamper the growth of the mobile banking market over the assessment period.Browse Complete Report @ https://www.marketresearchfuture.com/reports/mobile-banking-market-2906

Market Segmentation:

By Solution, the mobile banking market has been segmented into customer management, mobile banking features, mobile payment features, mobile trading features, and others.

By Technology, the global mobile banking market has been segmented into wireless application protocol, standalone mobile application.

By Deployment, the mobile banking market has been segmented into on-cloud, on-premise.

Regional Analysis

The global mobile banking market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America’s banking industry signifies advanced tech-driven changes. The presence of an established IT industry in the region is expected to boost the growth trajectory of the mobile banking market in the region. Robust marketing practices are leveraged for the promotion of lucrative schemes. These investments are expected to complement the expansion of the market in the foreseeable future.

Europe is also an important revenue pocket placed at the second spot in the global mobile banking market. It is projected to emerge as the fastest growing regional market owing to the presence of technologically advanced banking industry. The consolidation of developed country-level markets such as Germany, the U.K., France, etc. is anticipated to favor the proliferation of the mobile banking market across the review period.

Competitive Dashboard:

Some of the key players profiled in the report are Temenos Group AG (Switzerland), Neptune Software PLC (U.K.), Strands Inc. (U.S.), Nymbus Inc. (U.S.), Capital Banking Solutions (U.S.), Ebanq B.V (Netherlands), Apex Software Ltd. (Kenya), Dais Software Company (Bulgaria), and FISA System (U.S.).

Industry News:

In January 2019, N26, a mobile banking startup, has raised USD 300 Mn in funding led by Insight Venture Partners and participated by Singaporean sovereign wealth fund GIC and other existing investors.

In January 2019, Keystone Bank Limited, a commercial bank in Nigeria, has introduced a new app - ‘Keystone Bank Mobile App,’ which lets the customers use mobile banking services on their phones without data.