Online Banking Market 2020 Huge Demand in Globally with Profiling Key Players ACI Worldwide (U.S.), Microsoft Corporation (U.S.), Fiserv, Inc. (U.S.), Tata Consultancy Services (India), Cor Financial Solutions Ltd. (UK), Oracle Corporation (U.S.), Temenos

The Online Banking Market size is expected to reach $29,976 million in 2023 from $7,305 million in 2016, growing at a CAGR of 22.6% from 2017 to 2023. Digital banking includes all kinds of online/internet transactions done for various purposes. It is the incorporation of new technologies, to deliver enhanced customer services.

Customer convenience, higher interest rates, and technologically advanced interface majorly drive the market. High security risk of customer’s data hinders the market growth. Growth in smartphone usage, increase in internet penetration among consumers, and increasing technology and growth of developing economies in Asia-Pacific region are some of the key factors, which are fueling the market growth.

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Key Players:
ACI Worldwide (U.S.)
Microsoft Corporation (U.S.)
Fiserv, Inc. (U.S.)
Tata Consultancy Services (India)
Cor Financial Solutions Ltd. (UK)
Oracle Corporation (U.S.)
Temenos Group AG (Switzerland)
Rockall Technologies (Ireland)
EdgeVerve Systems Limited (India)
Capital Banking Solutions (U.S.)

The global online banking market is segmented on the basis of banking type, service type, and geography. Based on banking type, it is classified into retail banking, corporate banking, and investment banking. Based on solution type, it is divided into payments, processing services, customer & channel management, risk Management, and others.

Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Netherland, France, UK, Sweden, and rest of Europe), Asia-Pacific (South Korea, Australia, Singapore, China, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle-East, and Africa). Key players profiled in the report include ACI Worldwide (U.S.), Microsoft Corporation (U.S.), Fiserv, Inc. (U.S.), Tata Consultancy Services (India), Cor Financial Solutions Ltd. (UK), Oracle Corporation (U.S.), Temenos Group AG (Switzerland), Rockall Technologies (Ireland), EdgeVerve Systems Limited (India), and Capital Banking Solutions (U.S.)

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Points Covered in the Report:
1. The pivotal aspects considered in the Global Online Banking Market report consist of leading competitors functioning in the global market.
2. The report encompasses company profiles prominently positioned in the global market.
3. The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
4. The driving factors for the growth of the Global Online Banking Market are explained exhaustively, along with an in-depth account of the end users in the industry.
5. The report also explains critical application areas of the global market to readers/users.
6. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global Online Banking Market.
7. The report on the Global Online Banking Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Reasons for Buying Online Banking Market Report:
• The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global market.
• It also presents an in-depth view of different factors driving or restraining the growth of the global market.
• The Global Online Banking Market report provides a five-year forecast derived on the basis of the potential growth of the market.
• It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and subsegments.

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