Edison, NJ -- (SBWIRE) -- 05/18/2021 -- The banking sector has traditionally been a monopoly, with the global biggest institutions upholding a relatively unchallenged control. Though, a new breed of digital-only neobanks are starting to break this hold. Neobanking is a new banking technology which delivers complete online banking solutions to its customers. These banks are different from traditional banks, such as they have no physical offices as well as branches. This type of banking allows all banking solutions, from opening an account to other services, deprived of the requirement to go to a bank. Currently, due to low competition, Neobanks are enjoying a co-operative environment. Easy procedures of account opening, transactions, etc. are robust driving factors for the market. Furthermore, the user interface of the Neobank websites provides it an upper hand. However, the authenticity as well as financial security factors may limit the market growth. The unstoppable rise of neobanks is expected to impel the growth of the global neobanking market over the coming years.

Latest released the research study on Neobanking Market, offers a detailed overview of the factors influencing the global business scope. Neobanking Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Neobanking Market. The study covers emerging player's data, including: competitive landscape, sales, revenue and global market share of top manufacturers.

Top players in Neobanking Market are:
The Bank of America Corporation(United States), Deutsche Bank AG (Germany), Citigroup Inc. (United States), Simple Finance Technology (United States), Atom Bank (United Kingdom), Movencorp (United States), HSBC Holdings plc (United Kingdom), MyBank (China), WeBank (China),

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Analyst at AMA have conducted special survey and have connected with opinion leaders and Industry experts from various region to minutely understand impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 along with tables and graphs related to various country and segments showcasing impact on growth trends.

Market Drivers
Growing demand for customer convenience in the banking sector
The emergence of multiple technology startups & early adoption technology
Low Interest Rates and Favorable Government Regulations

Market Trend
Inclination towards mobile baking

Market Challenges
Currency fluctuations

The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global Neobanking Market.

Neobanking Market Segmentation & Data Breakdown:
by Type (STK, BREW, WAP), Application (Personal Application, Enterprise Application, Others)

This research report represents a 360-degree overview of the competitive landscape of the Global Neobanking Market. Furthermore, it offers massive data relating to recent trends, technological, advancements, tools, and methodologies. The research report analyzes the Global Neobanking Market in a detailed and concise manner for better insights into the businesses.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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What benefits does AMA research study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments

Strategic Points Covered in Table of Content of Neobanking Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Neobanking market
Chapter 2: Exclusive Summary – the basic information of the Neobanking Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Neobanking Market
Chapter 4: Presenting the Neobanking Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2020
Chapter 6: Evaluating the leading manufacturers of the Neobanking market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Neobanking Market is a valuable source of guidance for individuals and companies.

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Key Questions Addressed in the Report
? Who are the top 20 players operating in the Neobanking market?
? What covers the drivers, restraints, opportunities, and challenges in the Neobanking industry?
? What are the growth trends in the market at the segmental and overall market levels?
? Which are the untapped emerging regions in the Neobanking market?
? What are the recent application areas in the market?

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.