E-Banking Market By Service type , By Application By End user : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

The e-banking market was valued at $9.3 trillion in 2023, and is projected to reach $16.6 trillion by 2033, growing at a CAGR of 5.6% from 2024 to 2033.

E-banking, or electronic banking, refers to the use of electronic and digital platforms to deliver banking services and manage financial transactions. It encompasses online banking, mobile banking, and other digital banking solutions that enable customers to access and manage their accounts, perform transactions, and avail banking services without needing to visit a physical branch. This technology-driven approach provides convenience, speed, and accessibility, transforming traditional banking practices.

The widespread use of smartphones and high-speed internet has made e-banking accessible to a larger population, driving its adoption globally. As per the Online Banking Statistics 2024, the number of digital banking users worldwide is projected to reach 3.6 billion by 2024. The growth of the global e-banking market is further driven by increase in consumers preference for 24/7 access to financial services without the need for physical branch visits. Moreover, governments and financial institutions are promoting cashless economies, boosting the adoption of digital payment methods that integrate seamlessly with e-banking platforms. In addition, improved cybersecurity measures and regulatory frameworks instill consumer confidence in e-banking systems, encouraging their usage, thus fostering the market growth. Furthermore, increase in penetration of mobile wallets acts as a key driving force of the global market. This is attributed to the fact that mobile wallets eliminate the need for physical cash or cards, allowing users to make quick and seamless transactions using their smartphones. This ease of use drives widespread adoption, encouraging more consumers to transition to digital payment systems. As per the Federal Reserve Payment Study, mobile wallet payments in the U.S. increased from 2.9 billion transactions in 2018 to 14.4 billion in 2022, surpassing the 11.2 billion check transactions estimated for 2021. However, increasing sophistication of cyber threats, such as phishing, hacking, and data breaches, creates security concerns among users and financial institutions. This can undermine trust in e-banking systems. Moreover, many potential users, especially older generations and individuals in underdeveloped areas, lack the technical knowledge to use e-banking platforms effectively, which restrains the market growth. On the contrary, innovations in AI, blockchain, and mobile technologies have enabled secure, efficient, and user-friendly e-banking platforms. These advancements are enhancing digital banking experiences and broadening the scope of services, which are expected to open new avenues for the expansion of the global market during the forecast period.

The global e-banking market is segmented on the basis of service type, application, end user, and region. On the basis of service type, the market is categorized into online banking, mobile banking, telephone banking, and digital payment services. By application, it is classified into payments, processing services, risk management, customer and channel management, and others. Depending on end user, it is segregated into individual customers, small & medium enterprises, and large enterprises. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By service type, the online banking segment held the highest market share in 2023; however, the digital payment segment is expected to grow faster from 2024 to 2033.

On the basis of application, the payment segment was the major shareholder in 2023; however, the processing services segment is anticipated to register the fastest growth during the forecast period.

Depending on end user, the large enterprise segment garnered the largest share in 2023; however, the individual segment is projected to dominate throughout the forecast period.

Region wise, North America held was the major revenue generator in 2023; however, Asia-Pacific is expected emerge as the most lucrative market for e-banking during the forecast period.

Competition Analysis

The major players operating in the global e-banking market include JPMorgan Chase, Bank of America Corporation, HSBC, Wells Fargo, Citigroup, BNP Paribas, Barclays Plc., Deutsche Bank AG, ING Group, and Santander UK Plc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.

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Industry life cycle assessment, by region
Product Benchmarking / Product specification and applications
Product Life Cycles
Scenario Analysis & Growth Trend Comparison
Go To Market Strategy
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Pain Point Analysis
Regulatory Guidelines
Strategic Recommendations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Service Type

Online banking
Mobile banking
Telephone banking
Digital payment services

By Application

Payments
Processing services
Risk management
Customer and channel management
Others

By End User

Individual customers
Small and medium enterprises
Large enterprises

By Region

North America
- U.S.
- Canada
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA

Key Market Players:

JPMorgan Chase
Bank of America Corporation
HSBC
Wells Fargo
Citigroup
BNP Paribas
Barclays Plc
Deutsche Bank AG
ING Group
Santander UK Plc

Product Code: A15165

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: E-BANKING MARKET, BY SERVICE TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Service Type
4.2. Online Banking
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Mobile Banking
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Telephone Banking
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
4.5. Digital Payment Services
- 4.5.1. Key Market Trends, Growth Factors and Opportunities
- 4.5.2. Market Size and Forecast, By Region
- 4.5.3. Market Share Analysis, By Country

CHAPTER 5: E-BANKING MARKET, BY APPLICATION

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Application
5.2. Payments
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Processing Services
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Risk Management
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Customer And Channel Management
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
5.6. Others
- 5.6.1. Key Market Trends, Growth Factors and Opportunities
- 5.6.2. Market Size and Forecast, By Region
- 5.6.3. Market Share Analysis, By Country

CHAPTER 6: E-BANKING MARKET, BY END USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End User
6.2. Individual Customers
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Small And Medium Enterprises
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Large Enterprises
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country

CHAPTER 7: E-BANKING MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Service Type
- 7.2.3. Market Size and Forecast, By Application
- 7.2.4. Market Size and Forecast, By End User
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. E-Banking Market
  - 7.2.6.1. Market Size and Forecast, By Service Type
  - 7.2.6.2. Market Size and Forecast, By Application
  - 7.2.6.3. Market Size and Forecast, By End User
- 7.2.7. Canada E-Banking Market
  - 7.2.7.1. Market Size and Forecast, By Service Type
  - 7.2.7.2. Market Size and Forecast, By Application
  - 7.2.7.3. Market Size and Forecast, By End User
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Service Type
- 7.3.3. Market Size and Forecast, By Application
- 7.3.4. Market Size and Forecast, By End User
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France E-Banking Market
  - 7.3.6.1. Market Size and Forecast, By Service Type
  - 7.3.6.2. Market Size and Forecast, By Application
  - 7.3.6.3. Market Size and Forecast, By End User
- 7.3.7. Germany E-Banking Market
  - 7.3.7.1. Market Size and Forecast, By Service Type
  - 7.3.7.2. Market Size and Forecast, By Application
  - 7.3.7.3. Market Size and Forecast, By End User
- 7.3.8. Italy E-Banking Market
  - 7.3.8.1. Market Size and Forecast, By Service Type
  - 7.3.8.2. Market Size and Forecast, By Application
  - 7.3.8.3. Market Size and Forecast, By End User
- 7.3.9. Spain E-Banking Market
  - 7.3.9.1. Market Size and Forecast, By Service Type
  - 7.3.9.2. Market Size and Forecast, By Application
  - 7.3.9.3. Market Size and Forecast, By End User
- 7.3.10. UK E-Banking Market
  - 7.3.10.1. Market Size and Forecast, By Service Type
  - 7.3.10.2. Market Size and Forecast, By Application
  - 7.3.10.3. Market Size and Forecast, By End User
- 7.3.11. Rest Of Europe E-Banking Market
  - 7.3.11.1. Market Size and Forecast, By Service Type
  - 7.3.11.2. Market Size and Forecast, By Application
  - 7.3.11.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Service Type
- 7.4.3. Market Size and Forecast, By Application
- 7.4.4. Market Size and Forecast, By End User
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China E-Banking Market
  - 7.4.6.1. Market Size and Forecast, By Service Type
  - 7.4.6.2. Market Size and Forecast, By Application
  - 7.4.6.3. Market Size and Forecast, By End User
- 7.4.7. Japan E-Banking Market
  - 7.4.7.1. Market Size and Forecast, By Service Type
  - 7.4.7.2. Market Size and Forecast, By Application
  - 7.4.7.3. Market Size and Forecast, By End User
- 7.4.8. India E-Banking Market
  - 7.4.8.1. Market Size and Forecast, By Service Type
  - 7.4.8.2. Market Size and Forecast, By Application
  - 7.4.8.3. Market Size and Forecast, By End User
- 7.4.9. South Korea E-Banking Market
  - 7.4.9.1. Market Size and Forecast, By Service Type
  - 7.4.9.2. Market Size and Forecast, By Application
  - 7.4.9.3. Market Size and Forecast, By End User
- 7.4.10. Australia E-Banking Market
  - 7.4.10.1. Market Size and Forecast, By Service Type
  - 7.4.10.2. Market Size and Forecast, By Application
  - 7.4.10.3. Market Size and Forecast, By End User
- 7.4.11. Rest of Asia-Pacific E-Banking Market
  - 7.4.11.1. Market Size and Forecast, By Service Type
  - 7.4.11.2. Market Size and Forecast, By Application
  - 7.4.11.3. Market Size and Forecast, By End User
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Service Type
- 7.5.3. Market Size and Forecast, By Application
- 7.5.4. Market Size and Forecast, By End User
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil E-Banking Market
  - 7.5.6.1. Market Size and Forecast, By Service Type
  - 7.5.6.2. Market Size and Forecast, By Application
  - 7.5.6.3. Market Size and Forecast, By End User
- 7.5.7. South Africa E-Banking Market
  - 7.5.7.1. Market Size and Forecast, By Service Type
  - 7.5.7.2. Market Size and Forecast, By Application
  - 7.5.7.3. Market Size and Forecast, By End User
- 7.5.8. Saudi Arabia E-Banking Market
  - 7.5.8.1. Market Size and Forecast, By Service Type
  - 7.5.8.2. Market Size and Forecast, By Application
  - 7.5.8.3. Market Size and Forecast, By End User
- 7.5.9. UAE E-Banking Market
  - 7.5.9.1. Market Size and Forecast, By Service Type
  - 7.5.9.2. Market Size and Forecast, By Application
  - 7.5.9.3. Market Size and Forecast, By End User
- 7.5.10. Argentina E-Banking Market
  - 7.5.10.1. Market Size and Forecast, By Service Type
  - 7.5.10.2. Market Size and Forecast, By Application
  - 7.5.10.3. Market Size and Forecast, By End User
- 7.5.11. Rest of LAMEA E-Banking Market
  - 7.5.11.1. Market Size and Forecast, By Service Type
  - 7.5.11.2. Market Size and Forecast, By Application
  - 7.5.11.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. JPMorgan Chase
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Bank Of America Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. HSBC
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Wells Fargo
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Citigroup
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. BNP Paribas
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Barclays Plc
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Deutsche Bank AG
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. ING Group
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Santander UK Plc
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments