Online Banking Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018
- Transparency Market Research
- Ongoing
- Banking
Report Description
Online banking is a service provided by
financial institutions that allows customers to carry out financial
transactions through secure websites. Many customers are turning towards
the convenience and ease of online banking to carry out their financial
transactions. These websites can be operated through a virtual bank by
using a retail operator or through a credit union. With online banking,
customers can conduct transactions such as account management, money
transfer, bill payments, maintenance, and many other tasks.
With growing customer base and the
growing number of internet subscribers, online banking has grown rapidly in
the last decade. In 2011, more than 40% of the banking operations, from
shopping to bill payments, were performed online. Amongst all the
consumers, people between 25 to 55 years of age prefer online banking over
all other options. Mobile banking is primarily preferred by customers
between the age group of 18 to 35 years. However, people aged more than 55
years still prefer to visit the branch for their transactions.
Due to the convenience and ease of
controlling banking transactions from home, online banking has become the
most popular banking service in the last decade. Features such as access to
account information at any time from any part of the world have also
created the need for online banking on a global scale. Some other factors
such as the growing number of tech-savvy people, the expanding PC and
Tablet market, and the rising number of internet subscribers are driving
the growth of this market. However, security associated with online
transaction remains a primary concern for the growth of this market.
Based on types, online banking services
are segmented into informational services, communicative services, and
transactional services. Based on the software used in online banking
modules, the market for online banking is segmented into customized
software, and standard software. Some of the key online banking software
vendors include CGI, Canopus Software Laboratory, Financial Network
Services, First Source Bank, Corillian, Rockall Technologies, COR Financial
Solutions, Banker Hill, I-flex Solutions etc.
This research report analyzes this
market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a
review of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons for Buying this
Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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