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PUBLISHER: SkyQuest | PRODUCT CODE: 1360445

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PUBLISHER: SkyQuest | PRODUCT CODE: 1360445

Global Neobanking Market Size, Share, Growth Analysis, By Account type(Business Account, Saving Account.), By Application(Enterprise, Personal) - Industry Forecast 2023-2030

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PAGES: 242 Pages
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Neobanking Market size was valued at USD 36.14 billion in 2021 and is poised to grow from USD 62 billion in 2022 to USD 2048.53 billion by 2030, growing at a CAGR of 54.8% in the forecast period (2023-2030).

The global neobanking market has witnessed rapid growth due to its innovative digital banking solutions. Neobanks, or digital-only banks, offer convenient and user-friendly services through mobile apps and web platforms. This approach appeals to tech-savvy customers seeking seamless account management, quick transactions, and personalized financial insights. With competitive features like no-fee accounts, attractive interest rates, and budgeting tools, neobanks have attracted a significant customer base, challenging traditional banking models. The market's expansion is fueled by increased digital adoption, changing customer preferences, and the ongoing trend toward financial technology disruption.

Top-down and bottom-up approaches were used to estimate and validate the size of neobanking and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segmental Analysis

Neobanking Market is segmented based on the account type, application, and region. On the basis of account type, Neobanking Market is segmented into business account and savings account. On the basis of application, the global neobanking market is segmented into enterprise, personal and others. Based on the region Neobanking Market is segmented as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Driver

Neobanks offer familiar banking services but elevate them with highly personalized and enhanced customer experiences. These digital banks boast streamlined operations and advanced technology compared to traditional counterparts, resulting in effortless services like smooth account setup and 24/7 customer support. Beyond core banking functions, neobanks also supply automated, almost real-time bookkeeping and balance sheet reconciliation services. Transparency is a key feature, as neobanks promptly communicate any fees or penalties. Furthermore, they commonly offer user-friendly APIs, simplifying integration of banking with accounting and payment systems.

Restraint

Concerns about authenticity and financial security are anticipated to impede the progression of the global neobanking market. Given that neobanks mainly provide fundamental banking services, utilizing them for intricate financial transactions or aid might not be advisable due to the absence of in-person interactions or assistance, potentially leading to frustration.

Market Trends

The growth of the global neobanking market is being further propelled by the rising collaborations between banks and various organizations to introduce neobank platforms. These partnerships are primarily focused on enhancing customer experiences and ensuring greater security and stability. An illustrative example is the introduction of Fi, a neobank, in April 2021, by the creators of Google Pay in conjunction with the Federal Bank. This collaboration aims to provide instant savings accounts along with debit cards tailored for salaried millennials. The ongoing technological advancements and the increasing worldwide internet accessibility have empowered financial service providers to deliver innovative digital solutions to their customers. Additionally, the surge in popularity of digital wallets has also contributed to the growing demand for online banking platforms.

Product Code: SQSG45B2025

Table of Contents

Executive Summary

  • Market Overview
  • Wheel of Fortune
  • Research Methodology
  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Parent Market Analysis

  • Market Overview
  • Market Size
  • Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Key Market Insights
  • Technology Analysis
  • Pricing Analysis
  • Supply Chain Analysis
  • Value Chain Analysis
  • Ecosystem of the Market
  • IP Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis
  • Innovation Matrix
  • Pipeline Product Analysis
  • Macroeconomic Indicators
  • Top Investment Analysis
  • Key Success Factor
  • Degree of Competition
  • Market Dynamics & Outlook
  • Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Regulatory Landscape
  • Porters Analysis
  • Competitive rivalry
  • Threat of Substitute Products
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers
  • Skyquest Special Insights on Future Disruptions
  • Political Impact
  • Economic Impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact
  • Global Neobanking Market by Account type
  • Market Overview
  • Business Account
  • Saving Account.

Global Neobanking Market by Application

  • Market Overview
  • Enterprise
  • Personal
  • Others
  • Global Neobanking Market Size by Region
  • Market Overview
  • North America
  • USA
  • Canada
  • Europe
  • Germany
  • Spain
  • France
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Rest of Latin America
  • Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA
  • Competitive Landscape
  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2021
  • Strategies Adopted by Key Market Players
  • Top Winning Strategies
  • By Development
  • By Company
  • By Year
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2021
  • Key Company Profiles
  • Revolut
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • N26
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Monzo
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Chime
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Varo Bank
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Starling Bank
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • TransferWise
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Robinhood
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Ally Bank
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Simple
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Aspiration
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Dave
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Moven
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Stash
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Atom Bank
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Tandem Bank
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Marcus by Goldman Sachs
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • SoFi
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Current
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Fidor Bank
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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