Neobanking Market Size Worth $333.4 billion by 2026 - KBV Research -- KBV Research

April 2024

Neobanking Market Size Worth $333.4 billion by 2026 - KBV Research

NEW YORK - Feb. 8, 2021 - PRLog -- According to a new report Global Neobanking Market, published by KBV research, The Global Neobanking Market size is expected to reach $333.4 billion by 2026, rising at a market growth of 47.1% CAGR during the forecast period.

The Business Account market dominated the Global Neobanking Market by Account Type 2019. The savings account segment is anticipated to observe considerable growth over the forecast years. Neobanking websites have a user-friendly platform that is particularly manufactured to prevent cyberattacks and improve the online ecosystem of savings accounts. In addition, neobanks can observe the banking network and simply detect cyberattacks. Customers can make international transactions more safely, hence making growth possibilities for the segment during the forecast years.

The enterprises segment procured the highest market share in 2019. On the basis of applications, the market has been further classified into enterprises, personal, and others. These platforms provide enterprise-related services like credit management, transaction management, and asset management.

The European region garnered the highest share of the neobanking market in 2019. This growth can be ascribed to the development of numerous advanced technologies along with the adoption of new technologies in the region. Moreover, organizations aim at introducing product platforms and establishing collaborations to bolster their market position.

Global Neobanking Market Segmentation

By Account Type