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Mobile Banking Market 2021-2027 with Growth Factors and Trends with Focusing Key players like Crédit Agricole Group, Citigroup Inc., JPMorgan Chase & Co, and More...

09-02-2021 10:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: StraitsResearch

Mobile Banking Market

Mobile banking has been prevalent among users for more than a decade. It is also known as m-banking or SMS banking and provides users with access to account transactions, balance inquiry, payments, mobile top-ups, and merchant payments, among others, via a smartphone. It is considered as an extended form of online banking owing to the evolution of smartphones. Moreover, the advent of new technologies is further revolutionizing the market. The integration of voice commands in mobile banking applications is anticipated to lift the market in the coming years. Attributed to an increase in the number of security concerns regarding mobile banking, companies are enabling voice recognition features for two-step authentication purposes. In addition to this, biometric authentication and facial recognition software are also intended to be incorporated into the applications in the years to come. Biometric security will subsequently replace password verifications, thereby adding more security to the applications.

The Major Players Covered in this Report:
Bank of America Corporation, American Express Company, BNP Paribas S.A., Crédit Agricole Group, Citigroup Inc., JPMorgan Chase & Co, HSBC Holdings plc, Mitsubishi UFJ Financial Group, Inc., Wells Fargo & Company, Société Générale S.A 

In 2020, the global Mobile Banking market size was million US$ and it is expected to reach a million US$ by the end of 2026, with a CAGR between 2021 and 2026.

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By Transaction Type , Consumer tConsumer , Consumer tBusiness

By Application, Android, IOS, Others ,

Another key trend in the global mobile banking market is the introduction of smart bots and machine learning. The ability to deliver superior customer experience is becoming a vital factor for banking institutions, and hence they are adopting various technologies. Nowadays, financial companies, including Bank of America, and JP Morgan Chase, among others, are implementing smart bot solutions to the applications to improve customer experience and loyalty.

Regional Analysis For Mobile Banking Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Mobile Banking are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Mobile Banking in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

For More Details On this Report:

Contact Us:

Company Name: Straits Research
+1 646 480 7505 (U.S.)
+91 8087085354 (India)
+44 208 068 9665 (U.K.)

About Us:

Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.

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