PUBLISHER: IMARC | PRODUCT CODE: 1287607
PUBLISHER: IMARC | PRODUCT CODE: 1287607
Online Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global online banking market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Online banking, also known as internet banking, is an electronic payment system facility provided by banks and financial institutions. It allows customers to use banking services and conduct financial transactions over the internet. Some commonly offered services include online bill payments, account opening, deposits, and transfers. It also enables users to view account balances, check recent transactions, obtain statements, apply for credit cards, and order checks. In recent years, online banking has gained immense popularity across the globe due to its cost-effectiveness, ease of use, instant access, enhanced security, and fast service.
Online Banking Market Trends:
Online banking offers more convenience, saves time, delivers a smooth experience, and eliminates the need for customers to visit the physical branch. As a result, the escalating demand for enhanced customer experience and the widespread adoption of cloud-based solutions by banks and financial institutions represent the primary factors driving the market growth. Besides this, the growing need for improved transparency and flexibility, and the rising penetration of the internet and smartphones are escalating the demand for online banking services. Additionally, the recent coronavirus disease (COVID-19) outbreak has led to the increased usage of online banking due to the implementation of lockdowns, social distancing norms, and remote working policies. Along with this, the advent of the cashless age and the expanding e-commerce sector are propelling the market growth. Furthermore, several leading players are making heavy investments to introduce innovative product variants to expand their customer base and maintain a competitive edge. Other factors, including the emergence of the Banking as a Service (BaaS) model, favorable government initiatives, changing consumer preferences, technological advancements, and rapid digitization, are also creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global online banking market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on banking type, software type and service type.
Breakup by Banking Type:
Retail Banking
Corporate Banking
Investment Banking
Breakup by Software Type:
Customized Software
Standard Software
Breakup by Service Type:
Payments
Processing Services
Customer and Channel Management
Wealth Management
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aci Worldwide Inc., Backbase, Capital Banking Solutions, CGI Inc., ebankIT, EdgeVerve Systems Limited (Infosys Limited), Fiserv Inc., Halcom d.d. (Constellation Software Inc.), Oracle Corporation, Tata Consultancy Services Limited, Technisys and Temenos AG.
Key Questions Answered in This Report
1. What was the size of the global online banking market in 2022?
2. What is the expected growth rate of the global online banking market during 2023-2028?
3. What are the key factors driving the global online banking market?
4. What has been the impact of COVID-19 on the global online banking market?
5. What is the breakup of the global online banking market based on the banking type?
6. What is the breakup of the global online banking market based on the service type?
7. What are the key regions in the global online banking market?
8. Who are the key players/companies in the global online banking market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Online Banking Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Banking Type
- 6.1 Retail Banking
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Corporate Banking
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Investment Banking
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Software Type
- 7.1 Customized Software
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Standard Software
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Service Type
- 8.1 Payments
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Processing Services
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Customer and Channel Management
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Wealth Management
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aci Worldwide Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Backbase
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Capital Banking Solutions
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CGI Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 ebankIT
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 EdgeVerve Systems Limited (Infosys Limited)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Fiserv Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Halcom d.d. (Constellation Software Inc)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Oracle Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Tata Consultancy Services Limited
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Technisys
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Temenos AG
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Aci Worldwide Inc.
List of Figures
- Figure 1: Global: Online Banking Market: Major Drivers and Challenges
- Figure 2: Global: Online Banking Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Online Banking Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Online Banking Market: Breakup by Banking Type (in %), 2022
- Figure 5: Global: Online Banking Market: Breakup by Software Type (in %), 2022
- Figure 6: Global: Online Banking Market: Breakup by Service Type (in %), 2022
- Figure 7: Global: Online Banking Market: Breakup by Region (in %), 2022
- Figure 8: Global: Online Banking (Retail Banking) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Online Banking (Retail Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Online Banking (Corporate Banking) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Online Banking (Corporate Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Online Banking (Investment Banking) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Online Banking (Investment Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Online Banking (Customized Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Online Banking (Customized Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Online Banking (Standard Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Online Banking (Standard Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Online Banking (Payments) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Online Banking (Payments) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Online Banking (Processing Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Online Banking (Processing Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Online Banking (Customer and Channel Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Online Banking (Customer and Channel Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Online Banking (Wealth Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Online Banking (Wealth Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Online Banking (Other Service Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Online Banking (Other Service Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Online Banking Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Online Banking Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Online Banking Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Online Banking Industry: SWOT Analysis
- Figure 78: Global: Online Banking Industry: Value Chain Analysis
- Figure 79: Global: Online Banking Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Online Banking Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Online Banking Market Forecast: Breakup by Banking Type (in Million US$), 2023-2028
- Table 3: Global: Online Banking Market Forecast: Breakup by Software Type (in Million US$), 2023-2028
- Table 4: Global: Online Banking Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
- Table 5: Global: Online Banking Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Online Banking Market: Competitive Structure
- Table 7: Global: Online Banking Market: Key Players
