How Online Banking Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Online Banking Market Latest Edition Published with Forecast to 2032
  • Dec 11, 2023
  • Sharvari
  • Banks
  • AMA Research


According to the report, Automated customer service and personalized financial recommendations is one of the primary growth factors for the market. Increased digital access enables widespread adoption of online banking is also expected to contribute significantly to the Online Banking market. Overall, applications of Online Banking, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Platform, such as Web Banking, is boosting the Online Banking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The User Type, such as Retail Banking, is boosting the Online Banking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service Type, such as Payments, is boosting the Online Banking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Online Banking market identified that the demand is rising in many different parts of the world as "Blockchain and Digital Currencies ". Furthermore, some recent industry insights like "In June 2025, Brazil's central bank announced the upcoming launch of "Pix Automatico," a recurring payment feature for its widely adopted instant payment system, Pix. Set to go live on June 16, this new tool enables users to authorize regular payments such as utilities, phone bills, tuition, gym memberships, and digital subscriptions with a single consent. and In June 2025, British fintech company Revolut joined the European Payments Initiative (EPI) to provide "Wero," its innovative digital payment wallet, to clients." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Online Banking market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2024 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Online Banking market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Online Banking market size is calculated using market estimation process, the Online Banking market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Online Banking market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales