Global Neobanking Market Size study, by Account Type (Business Account, Savings Account), by Application (Enterprises, Personal, Others) and Regional Forecasts 2022-2028

Description

List of Tables

Global Neobanking Market is valued at approximately USD 30.77 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 54.00% over the forecast period 2022-2028. Neo-banks are financial technology (fintech) enterprises that only operate online or through mobile apps. Neo-banks are digital banks that do not have physical branches. The increased digitalization across the globe and growing adoption of smartphones have led to the adoption of Neobanking across the forecast period. For Instance: According to Counterpoint Research, smartphone shipments are estimated to reach 173 million in 2021, a 14% increase from the 2020 figure. Smartphone market in the United States is one of the world's largest, with more than 290 million smartphone users. In line with the overall growth of the smartphone market worldwide, the smartphone penetration rate in the United States has continuously risen over the past several years, reaching 85 percent in February 2021. Also, with the convenience offered to customers and best interest rates offered over traditional banks, the adoption & demand for Neobanking is likely to increase the market growth during the forecast period. However, low profitability and transactional fraud impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Neobanking market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the development of multiple innovative technologies and the early adoption of new technologies. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as growing adoption of internet services, coupled with the increased use of smartphones would create lucrative growth prospects for the Neobanking market across Asia-Pacific region.

Major market players included in this report are:

WeBank, Inc.

Atom Bank PLC

Fidor Bank Ag

Monzo Bank Ltd.

Movencorp Inc.

Mybank

N26

Revolut Ltd.

Simple Finance Technology Corp.

UBank Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Account Type:

Business Account

Savings Account

By Application:

Enterprises

Personal

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Neobanking Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Neobanking Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Neobanking Market, by Account Type, 2020-2028 (USD Billion)
- 1.2.3. Neobanking Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Neobanking Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Neobanking Market Dynamics

3.1. Neobanking Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increase digitalization across the globe
  - 3.1.1.2. Growing adoption of smartphones
- 3.1.2. Market Challenges
  - 3.1.2.1. Low profitability
  - 3.1.2.2. Transactional frauds
- 3.1.3. Market Opportunities
  - 3.1.3.1. Convenience offered to customers
  - 3.1.3.2. Best interest rates offered over traditional banks

Chapter 4. Global Neobanking Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Neobanking Market, by Account Type

6.1. Market Snapshot
6.2. Global Neobanking Market by Account Type, Performance - Potential Analysis
6.3. Global Neobanking Market Estimates & Forecasts by Account Type, 2019-2028 (USD Billion)
6.4. Neobanking Market, Sub Segment Analysis
- 6.4.1. Business Account
- 6.4.2. Savings Account

Chapter 7. Global Neobanking Market, by Application

7.1. Market Snapshot
7.2. Global Neobanking Market by Application, Performance - Potential Analysis
7.3. Global Neobanking Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
7.4. Neobanking Market, Sub Segment Analysis
- 7.4.1. Enterprises
- 7.4.2. Personal
- 7.4.3. Others

Chapter 8. Global Neobanking Market, Regional Analysis

8.1. Neobanking Market, Regional Market Snapshot
8.2. North America Neobanking Market
- 8.2.1. U.S. Neobanking Market
  - 8.2.1.1. Account Type breakdown estimates & forecasts, 2019-2028
  - 8.2.1.2. Application breakdown estimates & forecasts, 2019-2028
- 8.2.2. Canada Neobanking Market
8.3. Europe Neobanking Market Snapshot
- 8.3.1. U.K. Neobanking Market
- 8.3.2. Germany Neobanking Market
- 8.3.3. France Neobanking Market
- 8.3.4. Spain Neobanking Market
- 8.3.5. Italy Neobanking Market
- 8.3.6. Rest of Europe Neobanking Market
8.4. Asia-Pacific Neobanking Market Snapshot
- 8.4.1. China Neobanking Market
- 8.4.2. India Neobanking Market
- 8.4.3. Japan Neobanking Market
- 8.4.4. Australia Neobanking Market
- 8.4.5. South Korea Neobanking Market
- 8.4.6. Rest of Asia Pacific Neobanking Market
8.5. Latin America Neobanking Market Snapshot
- 8.5.1. Brazil Neobanking Market
- 8.5.2. Mexico Neobanking Market
8.6. Rest of The World Neobanking Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. WeBank, Inc.
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Atom Bank PLC
- 9.2.3. Fidor Bank Ag
- 9.2.4. Monzo Bank Ltd.
- 9.2.5. Movencorp Inc.
- 9.2.6. Mybank
- 9.2.7. N26
- 9.2.8. Revolut Ltd.
- 9.2.9. Simple Finance Technology Corp.
- 9.2.10. UBank Limited

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Neobanking Market, report scope
TABLE 2. Global Neobanking Market estimates & forecasts by Region 2019-2028 (USD Billion)
TABLE 3. Global Neobanking Market estimates & forecasts by Account Type 2019-2028 (USD Billion)
TABLE 4. Global Neobanking Market estimates & forecasts by Application 2019-2028 (USD Billion)
TABLE 5. Global Neobanking Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 6. Global Neobanking Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 7. Global Neobanking Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 8. Global Neobanking Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 9. Global Neobanking Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 10. Global Neobanking Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 11. Global Neobanking Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 12. Global Neobanking Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 13. Global Neobanking Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 14. Global Neobanking Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 15. U.S. Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 16. U.S. Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 17. U.S. Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 18. Canada Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 19. Canada Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 20. Canada Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 21. UK Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 22. UK Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 23. UK Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 24. Germany Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 25. Germany Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 26. Germany Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 27. RoE Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 28. RoE Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 29. RoE Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 30. China Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 31. China Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 32. China Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 33. India Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 34. India Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 35. India Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 36. Japan Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 37. Japan Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 38. Japan Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 39. RoAPAC Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 40. RoAPAC Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 41. RoAPAC Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 42. Brazil Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 43. Brazil Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 44. Brazil Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 45. Mexico Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 46. Mexico Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 47. Mexico Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 48. RoLA Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 49. RoLA Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 50. RoLA Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 51. Row Neobanking Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 52. Row Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 53. Row Neobanking Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 54. List of secondary sources, used in the study of global Neobanking Market
TABLE 55. List of primary sources, used in the study of global Neobanking Market
TABLE 56. Years considered for the study
TABLE 57. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Neobanking Market, research methodology
FIG 2. Global Neobanking Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Neobanking Market, key trends 2021
FIG 5. Global Neobanking Market, growth prospects 2022-2028
FIG 6. Global Neobanking Market, porters 5 force model
FIG 7. Global Neobanking Market, pest analysis
FIG 8. Global Neobanking Market, value chain analysis
FIG 9. Global Neobanking Market by segment, 2019 & 2028 (USD Billion)
FIG 10. Global Neobanking Market by segment, 2019 & 2028 (USD Billion)
FIG 11. Global Neobanking Market by segment, 2019 & 2028 (USD Billion)
FIG 12. Global Neobanking Market by segment, 2019 & 2028 (USD Billion)
FIG 13. Global Neobanking Market by segment, 2019 & 2028 (USD Billion)
FIG 14. Global Neobanking Market, regional snapshot 2019 & 2028
FIG 15. North America Neobanking Market 2019 & 2028 (USD Billion)
FIG 16. Europe Neobanking Market 2019 & 2028 (USD Billion)
FIG 17. Asia pacific Neobanking Market 2019 & 2028 (USD Billion)
FIG 18. Latin America Neobanking Market 2019 & 2028 (USD Billion)
FIG 19. Global Neobanking Market, company market share analysis (2021)