Market Research Report
Global Neo & Challenger Bank Market Size study, by Type (Neo Bank, Challenger Bank), by Application (Personal, Business) and Regional Forecasts 2018-2025
|Published by||Bizwit Research & Consulting LLP||Product code||871531|
Delivery time: 2-3 business days
|Global Neo & Challenger Bank Market Size study, by Type (Neo Bank, Challenger Bank), by Application (Personal, Business) and Regional Forecasts 2018-2025|
|Published: June 10, 2019||Content info:||
Global Neo & Challenger Bank Market valued approximately USD XX million in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Neo & Challenger Bank Market is continuously growing in the global scenario at significant pace. Neo bank is referred as web based bank which provides complete range of banking solutions without having any physical offices or branch. While Challenger banks are comparatively small retail banks which are established for the purpose of competing for business with large, long-established national banks. Favorable government regulations and enhanced convenience to customers are the substantial driving factors of the market during the forecast period. Additionally, proactive banking regulations to grant licenses and approvals is another major factor driving the growth of the global neo and challenger bank market. Moreover, increasing internet penetration and rise in demand for smartphones in the developing countries are the factors that likely to create numerous opportunity in the near future. However, acquisition of customers and profitability are the factors that limiting the growth of the market during the forecast period.
The regional analysis of Global Neo & Challenger Bank Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to Favorable government regulation and Growing investment in financial technology in the region. Europe is estimated to grow at stable growth rate in the global Neo & Challenger Bank market over the upcoming years. Further, North America is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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: