Mobile Banking Market 2018 By Top Leaders: Temenos, Neptune Software, Strands,Capital Banking Solutions, Dais Software, Ebanq, Apex Software, Fisa System

Mobile Banking Market, By Solution (Customer Management, Mobile Banking Features, Mobile Payment Features), By Technology (Wireless Application Protocol, Standalone Mobile Application), By Deployment (On-Cloud, On-Premise), - Global Forecast 2023

Mobile Banking Market - Overview
Mobile banking is becoming popular among users and the market is growing at the rapid pace. Mobile banking is an online system provided on mobile phones where customers are offered by banking services. With internet becoming the latest trend for the technology users, mobile banking has become the most popular technology for the users. The customers no long need to visit banks for undergoing banking transaction. Mobile banking gives customers an opportunity to bank from anywhere around the world at any time. According to a recent study report published by the Market Research Future, The global market of Mobile Banking is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with growing at CAGR of around 8% between years 2016 to 2022.

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The study indicates that, the customers are quickly implementing new banking application introduced by banks in order to make use of the new technology introduced. This has been one of the driving factors behind the growth of Mobile Banking Market. Smartphone applications are changing the method of banking services implemented by the customers which is also one of the driving factors for growth in mobile banking market. The advantage of using mobile banking is that it is more secured and risk free than online or internet banking. The only drawback of using mobile banking is that regular use of mobile banking can apply extra charges from the banks for offering the services.

Market Players:
Temenos Group AG (Switzerland), Nymbus Inc. (U.S.), Neptune Software PLC (U.K.), Strands Inc. (U.S.), Capital Banking Solutions (U.S.), Dais Software Company (Bulgaria), Ebanq B.V (Netherlands), Apex Software Ltd. (Kenya), Fisa System (U.S.), are some of the prominent players at the forefront of competition in the Global Mobile Banking Market and are profiled in MRFR Analysis.

Industry News
October 23, 2017 - Temenos and VMware, Inc. announced a collaboration with Bank Leumi Israel's leading bank, to create an advanced digital banking platform for banks. The new solution available today to banks worldwide is based on the platform originally developed for Pepper, Bank Leumi's fully-mobile bank. The new platform combines Pepper's innovative product base with Temenos' Core Banking platform, and is deployed on VMware's cloud infrastructure, either on-premises or in the public cloud.

September 28, 2017 - NYMBUS the core banking modernization company, introduced NYMBUS SmartDigital™, a digital-first banking platform that extends a customer-centric banking experience directly to end-user customers through online and mobile channels. The platform allows financial institutions of any size to more fully engage with their digital-minded customers, letting them offer their full range of services and products across all devices and touchpoints with a modern design and user experience.

Mobile Banking Market - Competitive Analysis
The market of mobile banking market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Mobile Banking Market - Segmentation
Segmentation by Solution: Comprises customer management, mobile banking features, mobile payment features, mobile trading features and others.
Segmentation by Technology: Comprises wireless application protocol (WAP) and Standalone mobile application.
Segmentation by Deployment: Comprises Cloud and On-premise.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Mobile Banking Market - Regional Analysis
North America market is estimated to acquire largest market share due to increase in demand of adopting mobile banking through smartphones where the customers use mobile channels to interact with the banks rather than visiting the banks. Europe is expected to be the fastest growing market due to faster transactions and mobile payments done by the bank which has led to increase in adoption of mobile banking used by the Europeans to make transactions. The study indicates that advanced, developing countries such as India, China, Bangladesh, South Korea and Brazil seeing a robust growth compared to developed regions of Germany, UK, France, Australia and Thailand.

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