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Neobanking Market, Size, Share, Opportunities and Forecast, 2020-2027

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Global Neobanking Market is segmented by Type (Challenger Bank, Neo Bank) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

  • The global neo-banking market is anticipated to grow at a CAGR of 45.23% from 2020-2027.
  • Neo bank provides a complete range of banking solutions to the customers without having any physical offices or branches. Simultaneously, challenger banks are comparatively small retail banks established to compete for business with large, long-established national banks.
  • Cost-effective banking, fast servicing, provision of advanced banking features, healthy interest rates, and customer convince are prominent drivers of the neo-banking market.
  • Moreover, increased penetration of the internet and mobile devices has boosted neo banks' market potential globally. Increasing investment within the neo-baking sector would help the market sustain healthy growth rates in the next couple of years.
  • For instance, Atom Bank, one of the top players in the neo-baking sector, received a 45-million-pound investment from the Spanish bank BBVA in January 2016. However, the security and privacy of the data might hamper market growth.
  • By type, the neo-banking market is segmented as neo-banks and challenger banks. Neo-banks are aggressively marketing their products and reaching a vast consumer base.
  • However, challenger banks are focused on acquiring small and medium enterprises. Geographically the market concentrated over Europe.
  • Growing consumer base and adoption of neo banking would drive the European neo-baking market. For instance, in 2015, challenger banks supplied over 200,000 UK consumers with mortgages and held a 20% share of the UK’s small and medium-sized enterprise (SME) gross lending, providing new loans and overdrafts around 50,000 SMEs. North America is the second-largest market for neo banking owing to the increasing adoption of new banks by the American people.
  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
  • The report profiles the following companies: Atom Bank PLC, Fidor Bank Ag, Monzo Bank Limited, Movencorp Inc., My bank, N26, Pocket Limited, Simple Finance Technology Corporation, Ubank Limited, and We bank.

Key Market Segment Covered

By Type

  •  Neo Bank
  •  Challenger Bank

By Region

  •  Asia Pacific
  •  Europe
  • North America
  •  South America
  •  Rest of the World

Why purchase the report?

  •  Visualize the Neo-banking market's composition across each indication regarding type and applications, highlighting the vital commercial assets and players.
  •  Identify commercial opportunities in Neo-banking by analyzing trends and co-development deals.
  •  Excel data sheet with thousands of data points of the Neo-banking market-level 4/5 segmentation
  •  PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  •  Product mapping in excel for the critical Neo-banking products of all major market players.

Target Audience

  •  Raw Material Suppliers/ Buyers
  •  Product Suppliers/ Buyers
  •  Industry Investors/Investment Bankers
  •  Education & Research Institutes
  •  Research Professionals
  •  Emerging Companies
  •  Manufacturers

Related Topic’s

Australia Neobanking Market

 

Table of Contents

1. Neobanking Market – Methodology and Scope

1.1 Research methodology

1.2 Scope of the Report

2. Neobanking Market – Industry Trends

2.1 Key Trends & Developments

3. Neobanking Market Outlook

3.1 Industry Impact Factors (Drivers & Restraints)

3.2 Competitive Intensity- Porter 5 Forces

4. Neobanking Market – Product-based Analysis

4.1 By Type

4.1.1 Challenger Bank

4.1.2 Neo Bank

4.2 By Source

4.3 By Geography

4.3.1 Asia-Pacific

4.3.1.1 China

4.3.1.2 India

4.3.1.3 Japan

4.3.1.4 Australia

4.3.1.5 Others

4.3.2 Europe

4.3.2.1 Germany

4.3.2.2 The United Kingdom

4.3.2.3 France

4.3.2.4 Others

4.3.3 North America

4.3.3.1 The USA

4.3.3.2 Canada

4.3.3.3 Mexico

4.3.3.4 Others

4.3.4 South America

4.3.4.1 Brazil

4.3.4.2 Argentina

4.3.4.3 Others

4.3.5 RoW

5. Neobanking Market – Competitive Analysis

5.1.1 Market Share Analysis

5.1.2 Key Strategies adopted by Manufacturers

5.1.3 Product Benchmarking

6. Neobanking Market – Company Profiles

6.1 Atom Bank PLC

6.2 Fidor Bank Ag

6.3 Monzo Bank Limited

6.4 Movencorp Inc.

6.5 Maybank

6.6 N26

6.7 Pocket Limited

6.8 Simple Finance Technology Corporation

6.9 Ubank Limited

6.10 We bank

7. Neobanking Market – Appendix

7.1 Sources

7.2 List of Tables

7.3 Expert Panel Validation

7.4 Disclaimer

7.5 Contact Us

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