Browse full report at: http://maw. ‘. transparencymarketresearch. Com/online-banking- market. HTML Online banking is a service provided by financial institutions that allows customers to carry out financial transactions through secure websites. Many customers are turning towards the convenience and ease of online banking to carry out their financial transactions. These websites can be operated through a virtual bank by using a retail operator or through a credit union.
With online banking, customers can induct transactions such as account management, money transfer, bill payments, maintenance, and many other tasks. With growing customer base and the growing number of internet subscribers, online banking has grown rapidly in the last decade. In 2011, more than 40% of the banking operations, from shopping to bill payments, were performed online. Amongst all the consumers, people between 25 to 55 years of age prefer online banking over all other options.
Mobile banking Is primarily preferred by customers between the age group of 18 to 35 years. However, people aged more than 55 years still prefer to visit the ranch for their transactions. Due to the convenience and ease of controlling banking transactions from home, online banking has become the most popular banking service in the last decade. Features such as access to account information at any time from any part of the world have also created the need for online banking on a global scale.
Some other factors such as the growing number of tech-savvy people, the expanding PC and Tablet market, and the rolling number of Internet subscribers are driving the growth of this market. However, security associated with online transaction remains a primary concern for the growth of this market. Based on types, online banking services are segmented into informational services, communicative services, and transactional services. Based on the software used in online banking modules, the market for online banking Is segmented into customized software, and standard software.
The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. Reasons for Buying this Report: 0 0 This report provides pin-point analysis for changing competitive dynamics. It provides a forward looking perspective on different factors driving or restraining market growth. It provides a technological growth map over time to understand the industry growth rate. It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
It helps in understanding the key product segments and their future. It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments. It provides distinctive graphics and exemplified SOOT analysis of major market segments.
