Neobanking Market Insight, Size, Share, Growth, Up-To-Date Key Trends, Regional Outlook, and Forecast - 2030
| Price : US$ 3,000 | Date : Apr 2023 |
| Category : Services | Pages : 146 |
Neobanking Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028
- Code : SMI42526
- Pages : 146
- Date : Sep, 2021
- Category : Services
- Publisher : SMI
- Format :
The latest update of “Global Neobanking 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 Neobanking Market.
Overview of the Neobanking Market:
A neobank is a direct bank that operates exclusively online without traditional physical branch networks. Neo banks aim to simplify the financial management process for their users. Three main types of neobanks include, non-licensed neobanks, neobanks owned by traditional banks in the form of digital-only initiatives, and licensed neobanks.
Market Dynamics
Increasing funding in neobanking is expected to propel growth of the global neobanking 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 products and services is also expected to aid in growth of the market. For instance, in November 2021, Volt, Australia-based digital bank, Australian Finance Group Ltd., a mortgage aggregator, launched a personal finance app ‘Handl. by AFG’, and a white-label home loan product, ‘AFG Home Loans Sparc’, both “powered by Volt’s banking-as-a-service (BaaS) platform.
The U.S market witnessed termination of neobanking services from a major market player. In November 2021, Neobank N26 terminated its efforts in the U.S. and decided to focus its efforts on the European market.
Asia Pacific is expected to witness significant growth in the global neobanking market, owing to launch of new neobanking services. For instance, in August 2021, Freo, a credit-led neobank in India, partnered with Equitas Small Finance Bank to launch zero-balance savings account.
Major players operating in the global neobanking market are focused on adopting partnership strategies to enhance their market share. For instance, in September 2021, Volt partnered with BTC Markets, currency exchange service in Australia, which will allow BTC Markets’ customers the ability to access integrated banking capabilities offered by Volt.
Key Takeaways
- Launch of new neobanks is expected to propel growth of the global neobanking market over the forecast period. For instance, in September 2021, JPMorgan Chase & Co launched a digital bank in the U.K.
- Major players operating in the global neobanking market are focused on enhancing their operations with the adoption of real-time identity checks. For instance, in September 2021, Trulioo, an identity verification solution provider, partnered with Zolve, a neo-banking platform, to provide real-time identity checks.
- Major players operating in the global neobanking market include, Atom Bank, Sopra Steria (Fidor Bank), Monzo Bank, Movencorp, MyBank, N26 GmbH, Revolut, Simple Finance Technology Corporation, Ubank Limited, WeBank, CITIC aiBank, Sterling Bank, China Merchants Bank, and China PSBC
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 Neobanking 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 Neobanking 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
- Sopra Steria (Fidor Bank)
- Monzo Bank
- Movencorp
- MyBank
- N26 GmbH
- Revolut
- Simple Finance Technology Corporation
- Ubank Limited
- WeBank
- CITIC aiBank
- China Merchants Bank
- China PSBC
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 Neobanking Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Business Account
- Savings Account
By Applications, the market is segmented into:
- Enterprises
- Personal
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 Neobanking Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Neobanking Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Neobanking Market
1.6.1 How the Covid-19 is Affecting the Neobanking Market
1.6.1.1 Neobanking Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Neobanking 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 Neobanking Market Perspective (2015-2028)
2.2 Neobanking Market Growth Trends by Regions
2.2.1 Neobanking Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Neobanking Market Historic Market Share by Regions (2015-2021)
2.2.3 Neobanking 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 Neobanking Market Growth Strategy
2.3.6 Primary Interviews with Key Neobanking Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Neobanking Market Players by Market Size
3.1.1 Global Top Neobanking Market Players by Revenue (2015-2021)
3.1.2 Global Neobanking Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Neobanking Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Neobanking Market Concentration Ratio
3.2.1 Global Neobanking Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Neobanking Market Revenue in 2019
3.3 Neobanking Market Key Players Head office and Area Served
3.4 Key Players Neobanking Market Product Solution and Service
3.5 Date of entering into Neobanking Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Neobanking Market Historic Market Size by Type (2015-2021)
4.2 Global Neobanking Market Forecasted Market Size by Type (2021-2028)
5 Neobanking Market Breakdown Data by Application (2015-2028)
5.1 Global Neobanking Market Size by Application (2015-2021)
5.2 Global Neobanking Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Neobanking Market Size (2015-2021)
6.2 Neobanking Market Key Players in North America (2019-2021)
6.3 North America Neobanking Market Size by Type (2015-2021)
6.4 North America Neobanking Market Size by Application (2015-2021)
7 Europe
7.1 Europe Neobanking Market Size (2015-2021)
7.2 Neobanking Market Key Players in Europe (2019-2021)
7.3 Europe Neobanking Market Size by Type (2015-2021)
7.4 Europe Neobanking Market Size by Application (2015-2021)
8 China
8.1 China Neobanking Market Size (2015-2021)
8.2 Neobanking Market Key Players in China (2019-2021)
8.3 China Neobanking Market Size by Type (2015-2021)
8.4 China Neobanking Market Size by Application (2015-2021)
9 Japan
9.1 Japan Neobanking Market Size (2015-2021)
9.2 Neobanking Market Key Players in Japan (2019-2021)
9.3 Japan Neobanking Market Size by Type (2015-2021)
9.4 Japan Neobanking Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Neobanking Market Size (2015-2021)
10.2 Neobanking Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Neobanking Market Size by Type (2015-2021)
10.4 Southeast Asia Neobanking Market Size by Application (2015-2021)
11 India
11.1 India Neobanking Market Size (2015-2021)
11.2 Neobanking Market Key Players in India (2019-2021)
11.3 India Neobanking Market Size by Type (2015-2021)
11.4 India Neobanking Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Neobanking Market Size (2015-2021)
12.2 Neobanking Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Neobanking Market Size by Type (2015-2021)
12.4 Central & South America Neobanking Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Neobanking Market Introduction
13.4 Neobanking 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. Neobanking Market Key Market Segments
Table 2. Key Players Covered: Ranking by Neobanking Market Revenue
Table 3. Ranking of Global Top Neobanking Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Neobanking Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Neobanking 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 Neobanking Market Players to Combat Covid-19 Impact
Table 10. Global Neobanking Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Neobanking Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Neobanking Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Neobanking Market Share by Regions (2015-2021)
Table 14. Global Neobanking Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Neobanking Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Neobanking Market Growth Strategy
Table 20. Main Points Interviewed from Key Neobanking Market Players
Table 21. Global Neobanking Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Neobanking Market Share by Players (2015-2021)
Table 23. Global Top Neobanking Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Neobanking Market as of 2019)
Table 24. Global Neobanking Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Neobanking Market Product Solution and Service
Table 27. Date of entering into Neobanking Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Neobanking Market Size by Type (2015-2021) (Million US$)
Table 30. Global Neobanking Market Size Share by Type (2015-2021)
Table 31. Global Neobanking Market Revenue Market Share by Type (2021-2028)
Table 31. Global Neobanking Market Size Share by Application (2015-2021)
Table 33. Global Neobanking Market Size by Application (2015-2021) (Million US$)
Table 34. Global Neobanking Market Size Share by Application (2021-2028)
Table 35. North America Key Players Neobanking Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Neobanking Market Share (2019-2021)
Table 37. North America Neobanking Market Size by Type (2015-2021) (Million US$)
Table 38. North America Neobanking Market Share by Type (2015-2021)
Table 39. North America Neobanking Market Size by Application (2015-2021) (Million US$)
Table 40. North America Neobanking Market Share by Application (2015-2021)
Table 41. Europe Key Players Neobanking Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Neobanking Market Share (2019-2021)
Table 43. Europe Neobanking Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Neobanking Market Share by Type (2015-2021)
Table 45. Europe Neobanking Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Neobanking Market Share by Application (2015-2021)
Table 47. China Key Players Neobanking Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Neobanking Market Share (2019-2021)
Table 49. China Neobanking Market Size by Type (2015-2021) (Million US$)
Table 50. China Neobanking Market Share by Type (2015-2021)
Table 51. China Neobanking Market Size by Application (2015-2021) (Million US$)
Table 52. China Neobanking Market Share by Application (2015-2021)
Table 53. Japan Key Players Neobanking Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Neobanking Market Share (2019-2021)
Table 55. Japan Neobanking Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Neobanking Market Share by Type (2015-2021)
Table 57. Japan Neobanking Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Neobanking Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Neobanking Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Neobanking Market Share (2019-2021)
Table 61. Southeast Asia Neobanking Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Neobanking Market Share by Type (2015-2021)
Table 63. Southeast Asia Neobanking Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Neobanking Market Share by Application (2015-2021)
Table 65. India Key Players Neobanking Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Neobanking Market Share (2019-2021)
Table 67. India Neobanking Market Size by Type (2015-2021) (Million US$)
Table 68. India Neobanking Market Share by Type (2015-2021)
Table 69. India Neobanking Market Size by Application (2015-2021) (Million US$)
Table 70. India Neobanking Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Neobanking Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Neobanking Market Share (2019-2021)
Table 73. Central & South America Neobanking Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Neobanking Market Share by Type (2015-2021)
Table 75. Central & South America Neobanking Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Neobanking Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Neobanking Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Neobanking Market Share by Type: 2021 VS 2028
Figure 2. Global Neobanking Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Neobanking Market Report Years Considered
Figure 8. Global Neobanking Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Neobanking Market Share by Regions: 2021 VS 2028
Figure 10. Global Neobanking Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Neobanking Market Share by Players in 2019
Figure 13. Global Top Neobanking Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Neobanking Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Neobanking Market Revenue in 2019
Figure 15. North America Neobanking Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Neobanking Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Neobanking Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Neobanking Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Neobanking Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Neobanking Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Neobanking 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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U.S.:
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U.K. :
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AUS. :
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INDIA :
