New Jersey, USA -- (SBWIRE) -- 10/12/2022 -- The latest study released on the Global Video Banking Service Market by AMA Research evaluates market size, trend, and forecast to 2027. The Video Banking Service market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Zoom (United States), POPio (United States), TrueConf (Russia), Enghouse (Canada), Glia Inc (United States), Pexip (United Kingdom), Software Mind (Poland), Cisco (United States), Vidyard (Canada) and Yealink (China)
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Definition:
Video Banking is a service that allows users to talk to us about our products and get a free face-to-face financial check whenever and wherever they want, using their smartphone, tablet, or computer. Video banking refers to the use of a remote video connection to conduct banking transactions or professional banking consultations. Video banking can be done through purpose-built banking transaction machines (similar to an ATM) or a videoconference-enabled bank branch. Video banking can provide professional banking services to bank customers during non-traditional banking hours, such as after-hours banking branch vestibules that may be open 24 hours a day. This provides bank customers with personal teller service during hours when bank branches are typically closed.
Market Overview:
On 8th June 2022, a digital communications platform, has announced the acquisition of video banking expert POPi/o. The financial terms of the transaction were not disclosed. Eltropy anticipates that the acquisition will strengthen its digital communications platform, which allows financial institutions to engage in digital channels such as social media in a compliant manner. As a result of the acquisition, Eltropy now has 100 credit union clients. The company now assists over 400 credit unions in reaching out to their members through digital channels.
Growth Drivers:
High Growth in Video Banking Service Sector
Advancement in Mobile Payment
Major Trends:
High Adoption from Large Size Organizations
Increasing Focus on Enhancing the Customer Experience by Providing Better Interest and Increased Customer Connectivity
Rising Prevalence of Banking-as-a-Service
Rapid Development of Automation and APIs in Banking
Restraints:
Rising Security Issue from End Users
Rising Frauds Activities in the Valuables Insurance Plans
Road Blocks / Challenges:
Lack of Awareness Regarding the Video Banking Services in Under Developed Regions
Strict Regulatory Guidelines on the Valuables Video Banking Service
Gaps & Opportunities:
Rising Number of New Technology Related Market Entrants
Increase In Investment in Research and Development Activities
The Global Video Banking Service Market segments and Market Data Break Down are illuminated below:
by Type (Cloud Based, On Premise), Application (Banking Institutions, Credit Unions, Financial Institutions, Others), Video Communication (Meetings, Rooms, Live Broadcast, Enterprise Video Management), Retailing (Video Call Center, Remote Video Support, ECommerce, Virtual Styling, Others)
Global Video Banking Service market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the Video Banking Service market by value and volume.
- -To estimate the market shares of major segments of the Video Banking Service
- -To showcase the development of the Video Banking Service market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Video Banking Service market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Video Banking Service
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Video Banking Service market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Video Banking Service Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Video Banking Service market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Video Banking Service Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Video Banking Service Market Production by Region Video Banking Service Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Video Banking Service Market Report:
- Video Banking Service Overview, Definition and Classification Market drivers and barriers
- Video Banking Service Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Video Banking Service Market
- Video Banking Service Capacity, Production, Revenue (Value) by Region (2021-2027)
- Video Banking Service Supply (Production), Consumption, Export, Import by Region (2021-2027)
- Video Banking Service Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
- Video Banking Service Manufacturers Profiles/Analysis Video Banking Service Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Browse Complete Summary and Table of Content @ https://www.advancemarketanalytics.com/reports/192119-global-video-banking-service-market
Key questions answered
- How feasible is Video Banking Service market for long-term investment?
- What are influencing factors driving the demand for Video Banking Service near future?
- What is the impact analysis of various factors in the Global Video Banking Service market growth?
- What are the recent trends in the regional market and how successful they are?
- Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.