The latest update of “Global Internet Bank 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 Internet Bank Market.
Overview of the Internet Bank Market:
An Internet Bank is a type of account that lets an individual manage all their finances from anywhere in the world. This is one of the most convenient ways to deal with accounts. Many private individuals and business owners use their Internet Bank as their primary tool. Another advantage of an Internet Bank is that it is convenient and offers many perks. The global internet bank market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global internet bank market is expected to witness significant growth during the forecast period, owing to growing adoption of machine learning and cloud computing.
Market Drivers
Growing penetration of smartphones and increasing penetration of the internet are expected to drive growth of the global internet banking market during the forecast period. According to the Pew Research Center, in 2019, around 81% of people in the U.S. had smartphones, increasing from 68% in 2015. According to the same source, tablet users in the U.S. increased from 34% in 2013 to 52% in 2019. According to Our World in Data, the number of internet users increased from around 413 million in 2000 to over 3.4 billion in 2016. As a result of this, the adoption of internet banking has increased. Hence, such factors are expected to drive growth of the global internet bank market during the forecast period. Furthermore, growing adoption of machine learning and cloud computing in BFSI sector is expected to propel the global internet bank market growth over the forecast period.
Market Restraint
Challenges related to the security of transactions and privacy concerns are expected to hamper the global internet bank market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global internet bank market during the forecast period. This is owing to the presence of robust internet and IT infrastructure across the region. Moreover, Asia Pacific is expected to register a robust growth rate, owing to increasing penetration of high-speed internet at competitive prices.
Competitive Section
Major companies involved in the global internet bank market are KiwiBank, BNZ, ANZ, Axis Bank, CBI Bank, HSBC UK, Leaders Credit Union, and Heartland Bank.
For instance, in March 2021, ICICI Bank, an Indian bank and financial services company, launched an instant EMI facility called ‘EMI@Internet Banking’ on its internet banking platform.
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 Internet Bank 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 Internet Bank 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
- Kiwibank
- BNZ
- ANZ
- Heartland Bank
- CBI Bank
- Axis Bank
- HSBC HK
- NAB
- Leaders Credit Union
- Sandhills Credit Union
- Leader Bank
- Swissquote
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 Internet Bank Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Banking for Corporate
- Banking for Personal
By Applications, the market is segmented into:
- Personal Financial Assistant
- Online Investment
- Online Shopping
- Other Financial Services
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 Internet Bank Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Internet Bank Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Internet Bank Market
1.6.1 How the Covid-19 is Affecting the Internet Bank Market
1.6.1.1 Internet Bank Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Internet Bank 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 Internet Bank Market Perspective (2015-2028)
2.2 Internet Bank Market Growth Trends by Regions
2.2.1 Internet Bank Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Internet Bank Market Historic Market Share by Regions (2015-2021)
2.2.3 Internet Bank 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 Internet Bank Market Growth Strategy
2.3.6 Primary Interviews with Key Internet Bank Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Internet Bank Market Players by Market Size
3.1.1 Global Top Internet Bank Market Players by Revenue (2015-2021)
3.1.2 Global Internet Bank Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Internet Bank Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Internet Bank Market Concentration Ratio
3.2.1 Global Internet Bank Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Internet Bank Market Revenue in 2019
3.3 Internet Bank Market Key Players Head office and Area Served
3.4 Key Players Internet Bank Market Product Solution and Service
3.5 Date of entering into Internet Bank Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Internet Bank Market Historic Market Size by Type (2015-2021)
4.2 Global Internet Bank Market Forecasted Market Size by Type (2021-2028)
5 Internet Bank Market Breakdown Data by Application (2015-2028)
5.1 Global Internet Bank Market Size by Application (2015-2021)
5.2 Global Internet Bank Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Internet Bank Market Size (2015-2021)
6.2 Internet Bank Market Key Players in North America (2019-2021)
6.3 North America Internet Bank Market Size by Type (2015-2021)
6.4 North America Internet Bank Market Size by Application (2015-2021)
7 Europe
7.1 Europe Internet Bank Market Size (2015-2021)
7.2 Internet Bank Market Key Players in Europe (2019-2021)
7.3 Europe Internet Bank Market Size by Type (2015-2021)
7.4 Europe Internet Bank Market Size by Application (2015-2021)
8 China
8.1 China Internet Bank Market Size (2015-2021)
8.2 Internet Bank Market Key Players in China (2019-2021)
8.3 China Internet Bank Market Size by Type (2015-2021)
8.4 China Internet Bank Market Size by Application (2015-2021)
9 Japan
9.1 Japan Internet Bank Market Size (2015-2021)
9.2 Internet Bank Market Key Players in Japan (2019-2021)
9.3 Japan Internet Bank Market Size by Type (2015-2021)
9.4 Japan Internet Bank Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Internet Bank Market Size (2015-2021)
10.2 Internet Bank Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Internet Bank Market Size by Type (2015-2021)
10.4 Southeast Asia Internet Bank Market Size by Application (2015-2021)
11 India
11.1 India Internet Bank Market Size (2015-2021)
11.2 Internet Bank Market Key Players in India (2019-2021)
11.3 India Internet Bank Market Size by Type (2015-2021)
11.4 India Internet Bank Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Internet Bank Market Size (2015-2021)
12.2 Internet Bank Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Internet Bank Market Size by Type (2015-2021)
12.4 Central & South America Internet Bank Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Internet Bank Market Introduction
13.4 Internet Bank 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. Internet Bank Market Key Market Segments
Table 2. Key Players Covered: Ranking by Internet Bank Market Revenue
Table 3. Ranking of Global Top Internet Bank Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Internet Bank Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Internet Bank 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 Internet Bank Market Players to Combat Covid-19 Impact
Table 10. Global Internet Bank Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Internet Bank Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Internet Bank Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Internet Bank Market Share by Regions (2015-2021)
Table 14. Global Internet Bank Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Internet Bank Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Internet Bank Market Growth Strategy
Table 20. Main Points Interviewed from Key Internet Bank Market Players
Table 21. Global Internet Bank Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Internet Bank Market Share by Players (2015-2021)
Table 23. Global Top Internet Bank Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Internet Bank Market as of 2019)
Table 24. Global Internet Bank Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Internet Bank Market Product Solution and Service
Table 27. Date of entering into Internet Bank Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 30. Global Internet Bank Market Size Share by Type (2015-2021)
Table 31. Global Internet Bank Market Revenue Market Share by Type (2021-2028)
Table 31. Global Internet Bank Market Size Share by Application (2015-2021)
Table 33. Global Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 34. Global Internet Bank Market Size Share by Application (2021-2028)
Table 35. North America Key Players Internet Bank Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Internet Bank Market Share (2019-2021)
Table 37. North America Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 38. North America Internet Bank Market Share by Type (2015-2021)
Table 39. North America Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 40. North America Internet Bank Market Share by Application (2015-2021)
Table 41. Europe Key Players Internet Bank Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Internet Bank Market Share (2019-2021)
Table 43. Europe Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Internet Bank Market Share by Type (2015-2021)
Table 45. Europe Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Internet Bank Market Share by Application (2015-2021)
Table 47. China Key Players Internet Bank Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Internet Bank Market Share (2019-2021)
Table 49. China Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 50. China Internet Bank Market Share by Type (2015-2021)
Table 51. China Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 52. China Internet Bank Market Share by Application (2015-2021)
Table 53. Japan Key Players Internet Bank Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Internet Bank Market Share (2019-2021)
Table 55. Japan Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Internet Bank Market Share by Type (2015-2021)
Table 57. Japan Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Internet Bank Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Internet Bank Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Internet Bank Market Share (2019-2021)
Table 61. Southeast Asia Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Internet Bank Market Share by Type (2015-2021)
Table 63. Southeast Asia Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Internet Bank Market Share by Application (2015-2021)
Table 65. India Key Players Internet Bank Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Internet Bank Market Share (2019-2021)
Table 67. India Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 68. India Internet Bank Market Share by Type (2015-2021)
Table 69. India Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 70. India Internet Bank Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Internet Bank Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Internet Bank Market Share (2019-2021)
Table 73. Central & South America Internet Bank Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Internet Bank Market Share by Type (2015-2021)
Table 75. Central & South America Internet Bank Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Internet Bank Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Internet Bank Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Internet Bank Market Share by Type: 2021 VS 2028
Figure 2. Global Internet Bank Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Internet Bank Market Report Years Considered
Figure 8. Global Internet Bank Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Internet Bank Market Share by Regions: 2021 VS 2028
Figure 10. Global Internet Bank Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Internet Bank Market Share by Players in 2019
Figure 13. Global Top Internet Bank Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Internet Bank Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Internet Bank Market Revenue in 2019
Figure 15. North America Internet Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Internet Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Internet Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Internet Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Internet Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Internet Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Internet Bank 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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