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Neobanking Market is anticipated to grow up to USD 428.7 Billion by 2031 | Citigroup Inc., Dave, Inc., Deutsche Bank AG, Digibank, Equitable Bank

05-05-2023 05:58 PM CET | IT, New Media & Software

Press release from: Global Insight Services

Neobanking Market is anticipated to grow up to USD 428.7 Billion

New York, Global Neobanking Market was valued at USD 42.2 Million in 2021 and it is anticipated to grow up to USD 428.7 Billion by 2031, at a CAGR of 26.1% during the forecast period.

Global Neobanking Market report from Global Insight Services is the single authoritative source of intelligence on Neobanking Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Neobanking Market here: https://www.globalinsightservices.com/reports/neobanking-market/

Neobanking is a term used to describe financial institutions that offer digital-only banking services. These institutions are typically online-only and lack a physical branch presence. Neobanks typically offer a suite of services that are similar to those offered by traditional banks, such as checking and savings accounts, debit cards, personal loans, and investment products. However, neobanks often differ from traditional banks in terms of their business model, technology platform, and target market.

Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS24355

Market Trends and Drivers

The market growth is attributed to the sophisticated digital advisory services offered by such banks. By 2021, neobanks were offering around ten features on average compared to only four functions provided by traditional banks. These four features, search, view balances, view transactions, and customize notifications, only provide basic insights for users, which has initiated a seismic consumer behavior change toward neobanking services.

Get Customized Report as Per Your Requirement: https://www.globalinsightservices.com/request-customization/GIS24355

Global Neobanking Market Segmentation

By Account Type

-Business Account
-Savings Account

By Service

-Mobile Banking
-Payments & Money Transfer
-Checking/Savings Account
-Loans
-Others

By Application

-Enterprise
-Personal
-Others

By Region

-North America
-The U.S.
-Canada
-Mexico
-Europe
-UK
-Germany
-France
-Spain
Rest of Europe

Major Players in the Global Neobanking Market

The neobanking market is analyzed to be highly competitive due to the presence of both multinational companies and fintech start-ups in the space. These market participants are mainly focusing on collaboration with banking institutes to gain revenue share. Prominent leaders operating in the market are placing an ever-growing emphasis on delivering advanced digital banking solutions that can cater to the dynamic requirements, especially during the rise of AI-enabled automation amid the ongoing pandemic.

The key players in the Neobanking market Atom Bank Plc, BBVA S.A., BMTX, Inc., Chime Financial, Inc., Citigroup Inc., Dave, Inc., Deutsche Bank AG, Digibank, Equitable Bank, and HSBC Holdings Plc., among others.

Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS24355

With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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