Fact.MR states the global sales of neobanking to reach US$ 2,595 Bn by registering a staggering double-digit CAGR of over 44% in the forecast period 2022-2032. Consumers across the globe are preferring neobanking due to its contactless nature. In addition, the integration of artificial intelligence and machine learning is driving the demand for neobanking.
Historically, from 2015 to 2021, the global neobanking industry flourished at a CAGR of 30%. Although the COVID-19 pandemic affected the supply and demand chain of end user industries, it also escalated the use of neobanking due to its contactless nature. As neobanking helped businesses to thrive in the pandemic, the demand for the same is expected to upsurge in the assessment period.
Request a report sample to gain compressive insights at @ https://www.factmr.com/connectus/sample?flag=S&rep_id=7106
Furthermore, enterprises are largely relying on neobanking owing to its provision of transparent transactions. As number of start-ups grew in the last two years, businesses showed a growing inclination towards using online payment gateways to meet work demands. All these factors are positively influencing the demand for neobanking.
Key Takeaways from the Market Study
- By account type, business account expected to gain more than 50% market share for neobanking market.
- By application, enterprises expected to hold more than 40% market share for neobanking market.
- Neobanking industry expected to possess nearly 30% market share throughout Europe.
- Neobanking industry expected to possess nearly 25% market share throughout Asia Pacific.
- Global neobanking market expected to be valued at US$ 67 Bn by the end of 2022
“Increasing demand for contactless transactions along with the integration of artificial intelligence and machine learning is fuelling the growth of neobanking.” opines a Fact.MR analyst
Competitive Landscape
- In March 2021, Atom bank and credit Kudos partnered to help small businesses bounce back. The companies have taken this initiative to help businesses to help recover losses caused due to the COVID-19 pandemic.
- Atom Bank PLC, Ubank Limited, Simple Finance Technology Corp., Fidor Bank Ag, Movencorp Inc., Monzo Bank Ltd., Mybank, N26, Revolut Ltd., Webank, Inc are prominent neobanking market players.
To learn more about Neobanking Market, you can get in touch with our Analyst at@ https://www.factmr.com/connectus/sample?flag=AE&rep_id=7106
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global neobanking market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study indulges essential insights on the market on the basis of account type (business account and savings account) and application (personal, enterprises and others) across five major regions (North America, Latin America, Europe, Asia Pacific and MEA).
Key Segments Covered in the Neobanking Industry Report
· By Account Type
- Neobanking for Business Accounts
- Neobanking for Savings Account
· By Application
- Neobanking for Personal Use
- Neobanking for Enterprises
- Neobanking for Other Applications
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com
