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Video Banking Service Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Bank of America Corporation, Morgan Stanley, American Express Company, Cisco Systems Inc., Barclays PLC, U.S. Bank, MasterCard Inc., NatWest Group Plc,
Video Banking Service Market Size
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Mobile Phones Fueling Growth In The Video Banking Service Market
The growing use of mobile phones is expected to propel the video banking service market forward. The use of mobile phones is increasing due to their convenience, portability, and multifunctional capabilities, which enable easy communication, access to information, and entertainment on the go. For instance, in February 2024, according to Uswitch Limited, a UK-based financial credit company, as of the end of March 2022, the total number of active UK mobile subscriptions, excluding machine-to-machine (M2M) connections, stood at 83.25 million, reflecting a growth of approximately 2% compared to March 2021. Therefore, the growing use of mobile phones is driving the growth of the video banking service market.
Innovative Video Banking Services Transforming Customer Experience
Major companies operating in the video banking service market are focused on innovative services, such as face-to-face interactions with video bankers, to enhance customer engagement and accessibility. Face-to-face interactions with video banking services refer to live video calls where customers can communicate directly with bank representatives, simulating an in-person meeting for banking transactions and consultations. For instance, in August 2023, AU Small Finance Bank Limited, an India-based financial services provider, launched a 24x7 video banking service that allows customers to have face-to-face interactions with bankers through video calls at any time and on all days, including weekends and holidays. This service aims to provide a seamless and personalized banking experience to customers, especially those in areas with limited infrastructure and resources.
The video banking service market covered in this report is segmented -
1) By Component: Solution, Service
2) By Deployment Mode: On-Premise, Cloud
3) By Application: Banks, Credit Unions, Other Applications
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Major companies operating in the video banking service market are Bank of America Corporation, Morgan Stanley, American Express Company, Cisco Systems Inc., Barclays PLC, U.S. Bank, MasterCard Inc., NatWest Group Plc, Merrill Lynch & Company Inc., Zoom Video Communications Inc., Tata Communications Limited, Guaranty Trust Bank Limited, AU Small Finance Bank Limited, Yealink Network Technology Co. Ltd., Enghouse Systems, STAR Financial Bank, Pexip AS, Glia Technologies Inc., Vidyard, StonehamBank, TrueConf LLC, Sirma Group
Contents of the report:
1. Executive Summary
2. Video Banking Service Market Report Structure
3. Video Banking Service Market Trends And Strategies
4. Video Banking Service Market - Macro Economic Scenario
5. Video Banking Service Market Size And Growth
…..
27. Video Banking Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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