Press release
Mobile Banking Software Solution Market to Witness a Pronounce Growth During 2017-2025
Mobile banking software solution market: Drivers and Challenges
Increased usage of smartphones and tablets are driving the mobile banking software solutions market. Mobile banking software solutions allow the customers to access their accounts from any remote locations. Mobile banking software solutions allow the organizations to develop native or hybrid applications according to the convenience. Mobile banking software solutions, when deployed through the cloud, reduces the cost associated with in-house infrastructure.
Lack of awareness among the users is the primary challenge for mobile banking software solutions. Reluctant to change from traditional banking methods to mobile banking also challenges the market. Data security and privacy are also one of the challenges for mobile banking software solutions market.
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Mobile banking software solution market: Regional Outlook
North America and Western Europe Mobile banking software solution market is predominantly mature as compared to the other regional market as they are fast in the adoption of technology. Mobile banking software solution market in Asia Pacific excluding Japan and Japan are expected to possess maximum potential in the forecast period. Mobile banking software solution market in Latin America and Middle East and Africa are also projected to witness positive growth during the forecast period.
Mobile banking software solution market can be segmented as follows
By deployment
Cloud
On-Premise
By organization
Banking Institutions
Credit Unions
Financial Institutions
Mobile banking software solution market: competition landscape
Key Vendors for Mobile banking software solution market are CR2 Ltd., SAB Group, Fiserv Inc, Temenos Group AG, Infosys Limited, Neptune Software Group B.V.I, Apex Softwares Ltd, Capital Banking Solutions group, EBANQ Holdings BV, and Dais Software Ltd.
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