Global Neo and Challenger Bank Market – Industry Trends and Forecast to 2027

  • ICT
  • Upcoming Report
  • Aug 2020
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Neo and Challenger Bank Market By  Type (Neo Bank, Challenger Bank), Application (Personal, Business), Services Provided (Checking & Savings Account, Payment & Money Transfer, Loans, Mobile Banking, Investment Accounts, Retirement Savings, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Neo and Challenger Bank Market

Market Analysis and Insights: Global Neo and Challenger Bank Market

Neo and challenger bank market is expected to reach USD 607.20 billion by 2027 witnessing market growth at a rate of 47.30% in the forecast period of 2020 to 2027. Data Bridge Market Research report on neo and challenger bank market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.

Availability of services such as accessibility, financial functionalities and personalisation, provision of high interest rate compared to traditional banks, support regulations, data and cybersecurity, unified API integration and expansion of services that will support market growth are some of the factors which will likely to enhance the growth of the neo and challenger bank market in the forecast period of 2020-2027. On the other hand, rising demand of smartphones and adoption of internet of things along with untapped potential of emerging economies which will further bring various opportunities for the growth of the neo and challenger bank market in the above mentioned forecast period.

Insufficient to maintain strong customer relations via online services along with good customer experience is hard to build and maintain are acting as market restraints for neo and challenger bank in the above mentioned forecasted period.

This neo and challenger bank market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on neo and challenger bank market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Neo and Challenger Bank Market Scope and Market Size

Neo and challenger bank market is segmented on the basis of type, services provided, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • Neo and challenger bank market on the basis of type has been segmented as neo bank, and challenger bank. Challenger bank has been further segmented into small challenger, and large challenger.
  • Based on services provided, neo and challenger bank market has been segmented into checking & savings account, payment & money transfer, loans, mobile banking, investment accounts, retirement savings, and others.
  • On the basis of application, neo and challenger bank market has been segmented into personal, and business.

Neo and Challenger Bank Market Country Level Analysis

Neo and challenger bank market is analysed and market size, volume information is provided by country, type, services provided, and application as referenced above.

The countries covered in the neo and challenger bank market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America will dominate the neo and challenger bank market due to the prevalence of the major financial institutions in the region while Asia-Pacific will expect to grow in the forecast period of 2020-2027 due to the growth of the banking sector in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Neo and Challenger Bank Market Share Analysis

Neo and challenger bank market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neo and challenger bank market.

The major players covered in the neo and challenger bank market report are Atom bank, Fidor Solutions AG, Monzo Bank Limited, Moven Enterprise, N26 GmbH, Tandem Bank Limited, Pockit LTD, UBank, PRETA S.A.S., WeBank, Holvi Payment Services Ltd, Hello bank, KOHO Financial Inc., Rocket Bank, Soon Banque, Banco Bilbao Vizcaya Argentaria, S.A.; Starling Bank, DBS Bank India Limited, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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