The latest update of “Global Digital-Led Consumer Banking Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Digital-Led Consumer Banking Market.
Overview of the Digital-Led Consumer Banking Market:
The most significant benefits of digital banking are convenience, flexibility, and lower costs. Banks can now access their accounts from anywhere and can offer better rates and lower fees. As competition between banks grows, consumers can now compare rates and fees, allowing them to choose the best one for them. Further, digital banking has the added benefit of reaching communities that aren't served by physical branches.
Because they're more flexible than traditional banks, digital banks can quickly onboard new customers. They can use their smartphones to scan and upload their documents. With real-time notifications and 24/7 customer support, these banks can provide convenient and secure services to their customers. Some of these options include free payments while traveling, regular spending reports, and spending projections. Furthermore, many digital banks are partnering with financial applications such as Apple Pay, Google Pay, and PayPal to offer even more convenience and speed to their customers.
Market Dynamics:
Increasing investment in banking and digital payments startup is expected to propel growth of the global digital-led consumer banking market over the forecast period. For instance, in October 2021, Mobileware Technologies, an API banking and digital payments startup, raised US$ 4.75 million for the development of advanced product features for their hosted API Banking Platform.
Initiatives to increase awareness regarding open banking is also expected to propel growth of the global open digital-led consumer banking market over the forecast period. For instance, in December 2021, Open Banking Europe extended its memorandum of understanding with the European Telecommunications Standards Institute to increase awareness regarding open banking.
Increasing funding in neobanking is expected to offer lucrative growth opportunities for players in the global digital-led consumer banking market over the forecast period. For instance, in November 2021, Digivriddhi Technologies, a dairy-focused neobanking startup, raised US$ 3.1 million from Info Edge Ventures and Omnivore as its first institutional funding. Moreover, launch of new banks is also expected to propel growth of the global digital-led consumer banking market over the forecast period. For instance, in January 2022, H&R Block launched Spruce, a challenger bank in order to diversify the company’s product set.
Key Takeaways:
- Initiatives to increase awareness regarding open banking is expected to propel growth of the global digital-led consumer banking over the forecast period. For instance, in December 2021, Moneyhub, an Open Data and payments platform, partnered Mutual Vision, a financial technology platform, to promote open banking in UK.
- Major players operating in the global digital-led consumer banking market include, Atom Bank, Babb, Ffrees, Fidor Bank, Iam Bank, Monzo, N26, Revolut, Starling Bank, Tandem, and Zopa
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Digital-Led Consumer Banking Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Digital-Led Consumer Banking Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Atom Bank
- Babb
- Ffrees
- Fidor Bank
- Iam Bank
- Monzo
- N26
- Revolut
- Starling Bank
- Tandem
- Zopa
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Digital-Led Consumer Banking Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Transactional Accounts
- Savings Accounts
- Debit Cards
- Credit Cards
- Loans
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Digital-Led Consumer Banking Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Digital-Led Consumer Banking Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Digital-Led Consumer Banking Market
1.6.1 How the Covid-19 is Affecting the Digital-Led Consumer Banking Market
1.6.1.1 Digital-Led Consumer Banking Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Digital-Led Consumer Banking Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Digital-Led Consumer Banking Market Perspective (2015-2028)
2.2 Digital-Led Consumer Banking Market Growth Trends by Regions
2.2.1 Digital-Led Consumer Banking Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Digital-Led Consumer Banking Market Historic Market Share by Regions (2015-2021)
2.2.3 Digital-Led Consumer Banking Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Digital-Led Consumer Banking Market Growth Strategy
2.3.6 Primary Interviews with Key Digital-Led Consumer Banking Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Digital-Led Consumer Banking Market Players by Market Size
3.1.1 Global Top Digital-Led Consumer Banking Market Players by Revenue (2015-2021)
3.1.2 Global Digital-Led Consumer Banking Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Digital-Led Consumer Banking Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Digital-Led Consumer Banking Market Concentration Ratio
3.2.1 Global Digital-Led Consumer Banking Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Digital-Led Consumer Banking Market Revenue in 2019
3.3 Digital-Led Consumer Banking Market Key Players Head office and Area Served
3.4 Key Players Digital-Led Consumer Banking Market Product Solution and Service
3.5 Date of entering into Digital-Led Consumer Banking Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Digital-Led Consumer Banking Market Historic Market Size by Type (2015-2021)
4.2 Global Digital-Led Consumer Banking Market Forecasted Market Size by Type (2021-2028)
5 Digital-Led Consumer Banking Market Breakdown Data by Application (2015-2028)
5.1 Global Digital-Led Consumer Banking Market Size by Application (2015-2021)
5.2 Global Digital-Led Consumer Banking Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Digital-Led Consumer Banking Market Size (2015-2021)
6.2 Digital-Led Consumer Banking Market Key Players in North America (2019-2021)
6.3 North America Digital-Led Consumer Banking Market Size by Type (2015-2021)
6.4 North America Digital-Led Consumer Banking Market Size by Application (2015-2021)
7 Europe
7.1 Europe Digital-Led Consumer Banking Market Size (2015-2021)
7.2 Digital-Led Consumer Banking Market Key Players in Europe (2019-2021)
7.3 Europe Digital-Led Consumer Banking Market Size by Type (2015-2021)
7.4 Europe Digital-Led Consumer Banking Market Size by Application (2015-2021)
8 China
8.1 China Digital-Led Consumer Banking Market Size (2015-2021)
8.2 Digital-Led Consumer Banking Market Key Players in China (2019-2021)
8.3 China Digital-Led Consumer Banking Market Size by Type (2015-2021)
8.4 China Digital-Led Consumer Banking Market Size by Application (2015-2021)
9 Japan
9.1 Japan Digital-Led Consumer Banking Market Size (2015-2021)
9.2 Digital-Led Consumer Banking Market Key Players in Japan (2019-2021)
9.3 Japan Digital-Led Consumer Banking Market Size by Type (2015-2021)
9.4 Japan Digital-Led Consumer Banking Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Digital-Led Consumer Banking Market Size (2015-2021)
10.2 Digital-Led Consumer Banking Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Digital-Led Consumer Banking Market Size by Type (2015-2021)
10.4 Southeast Asia Digital-Led Consumer Banking Market Size by Application (2015-2021)
11 India
11.1 India Digital-Led Consumer Banking Market Size (2015-2021)
11.2 Digital-Led Consumer Banking Market Key Players in India (2019-2021)
11.3 India Digital-Led Consumer Banking Market Size by Type (2015-2021)
11.4 India Digital-Led Consumer Banking Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Digital-Led Consumer Banking Market Size (2015-2021)
12.2 Digital-Led Consumer Banking Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Digital-Led Consumer Banking Market Size by Type (2015-2021)
12.4 Central & South America Digital-Led Consumer Banking Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Digital-Led Consumer Banking Market Introduction
13.4 Digital-Led Consumer Banking Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Digital-Led Consumer Banking Market Key Market Segments
Table 2. Key Players Covered: Ranking by Digital-Led Consumer Banking Market Revenue
Table 3. Ranking of Global Top Digital-Led Consumer Banking Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Digital-Led Consumer Banking Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Digital-Led Consumer Banking Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Digital-Led Consumer Banking Market Players to Combat Covid-19 Impact
Table 10. Global Digital-Led Consumer Banking Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Digital-Led Consumer Banking Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Digital-Led Consumer Banking Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Digital-Led Consumer Banking Market Share by Regions (2015-2021)
Table 14. Global Digital-Led Consumer Banking Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Digital-Led Consumer Banking Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Digital-Led Consumer Banking Market Growth Strategy
Table 20. Main Points Interviewed from Key Digital-Led Consumer Banking Market Players
Table 21. Global Digital-Led Consumer Banking Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Digital-Led Consumer Banking Market Share by Players (2015-2021)
Table 23. Global Top Digital-Led Consumer Banking Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Digital-Led Consumer Banking Market as of 2019)
Table 24. Global Digital-Led Consumer Banking Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Digital-Led Consumer Banking Market Product Solution and Service
Table 27. Date of entering into Digital-Led Consumer Banking Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 30. Global Digital-Led Consumer Banking Market Size Share by Type (2015-2021)
Table 31. Global Digital-Led Consumer Banking Market Revenue Market Share by Type (2021-2028)
Table 31. Global Digital-Led Consumer Banking Market Size Share by Application (2015-2021)
Table 33. Global Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 34. Global Digital-Led Consumer Banking Market Size Share by Application (2021-2028)
Table 35. North America Key Players Digital-Led Consumer Banking Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Digital-Led Consumer Banking Market Share (2019-2021)
Table 37. North America Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 38. North America Digital-Led Consumer Banking Market Share by Type (2015-2021)
Table 39. North America Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 40. North America Digital-Led Consumer Banking Market Share by Application (2015-2021)
Table 41. Europe Key Players Digital-Led Consumer Banking Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Digital-Led Consumer Banking Market Share (2019-2021)
Table 43. Europe Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Digital-Led Consumer Banking Market Share by Type (2015-2021)
Table 45. Europe Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Digital-Led Consumer Banking Market Share by Application (2015-2021)
Table 47. China Key Players Digital-Led Consumer Banking Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Digital-Led Consumer Banking Market Share (2019-2021)
Table 49. China Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 50. China Digital-Led Consumer Banking Market Share by Type (2015-2021)
Table 51. China Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 52. China Digital-Led Consumer Banking Market Share by Application (2015-2021)
Table 53. Japan Key Players Digital-Led Consumer Banking Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Digital-Led Consumer Banking Market Share (2019-2021)
Table 55. Japan Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Digital-Led Consumer Banking Market Share by Type (2015-2021)
Table 57. Japan Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Digital-Led Consumer Banking Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Digital-Led Consumer Banking Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Digital-Led Consumer Banking Market Share (2019-2021)
Table 61. Southeast Asia Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Digital-Led Consumer Banking Market Share by Type (2015-2021)
Table 63. Southeast Asia Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Digital-Led Consumer Banking Market Share by Application (2015-2021)
Table 65. India Key Players Digital-Led Consumer Banking Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Digital-Led Consumer Banking Market Share (2019-2021)
Table 67. India Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 68. India Digital-Led Consumer Banking Market Share by Type (2015-2021)
Table 69. India Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 70. India Digital-Led Consumer Banking Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Digital-Led Consumer Banking Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Digital-Led Consumer Banking Market Share (2019-2021)
Table 73. Central & South America Digital-Led Consumer Banking Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Digital-Led Consumer Banking Market Share by Type (2015-2021)
Table 75. Central & South America Digital-Led Consumer Banking Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Digital-Led Consumer Banking Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Digital-Led Consumer Banking Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Digital-Led Consumer Banking Market Share by Type: 2021 VS 2028
Figure 2. Global Digital-Led Consumer Banking Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Digital-Led Consumer Banking Market Report Years Considered
Figure 8. Global Digital-Led Consumer Banking Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Digital-Led Consumer Banking Market Share by Regions: 2021 VS 2028
Figure 10. Global Digital-Led Consumer Banking Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Digital-Led Consumer Banking Market Share by Players in 2019
Figure 13. Global Top Digital-Led Consumer Banking Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Digital-Led Consumer Banking Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Digital-Led Consumer Banking Market Revenue in 2019
Figure 15. North America Digital-Led Consumer Banking Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Digital-Led Consumer Banking Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Digital-Led Consumer Banking Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Digital-Led Consumer Banking Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Digital-Led Consumer Banking Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Digital-Led Consumer Banking Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Digital-Led Consumer Banking Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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