1. Market Research
  2. > Internet Business Market Trends
  3. > Online Finance

Online Financial Services Market Research: Latest Industry Analysis & Trends

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
4 votes

Topics under Online Finance

Global Online Finance Industry Report

The global online finance industry (which allowed the further expansion of the financial services market on the internet) is attracting increasing numbers of consumers eager to carry out their banking online and on mobile devices for optimal convenience and time efficiency. The challenge facing financial service providers is to set themselves apart by offering online solutions that afford customers easy access and management of their finances via the web.

The internet banking market is fuelled by rising numbers of internet users and improvements in web technology.

The world internet banking industry is witnessing rising demand in established markets where younger customers are opting for the ease of online solutions. The US, the EU and Asia-Pacific hold a combined 80% share in the world internet banking industry.

Financial service providers must focus on monetizing the online banking channel to drive market growth, notes Datamonitor. Developing markets are increasingly moving toward the channel afforded by mobile phone banking, with over 50% of consumers contending that mobile phone banking is a priority banking channel. This consensus falls to under 28% in developed nations.

Banking websites devote a large portion of their marketing efforts to attracting new customers. Going forward, financial institutions may seek to exploit the potential of using customer data to market to existing customers beyond the login page.

Key Internet Financial Market Segments

The global alternate payments market – made up of contactless, mobile, and online payments (through online banking) – is forecast to record close to 18% growth in the five-year period ending 2015, reports Business Insights. The alternate payments industry is expected to generate $2.7 trillion in 2015, up from less than $750 billion in 2010. Online payment represents the leading segment in the advanced payments market. Market growth is fuelled by internet penetration, e-commerce, smartphones and rising broadband subscriptions. Near Field Communication is set to become the industry standard for mobile payments as the industry witnesses a high degree of convergence regarding devices, technology and/or business strategy approaches. 

The world mobile payment market continues to record strong growth, and is forecast to exceed $555 billion by 2016, according to Visiongain. Technology is gradually being deployed on a commercial basis following operator trials. It is estimated there will be 750 million mobile payment customers by 2016, up from 140 million in 2011. Market growth is being fuelled by increasing penetration of mobile devices such as smartphones.

Regional Online Financial Market Share

China’s mobile payment market neared 26% penetration in 2011, up from under 19% the previous year, according to Research In China. Market transaction value reached close to $1.7 billion in 2010. China UnionPay’s mobile payment standard product NFC-SD entered Chengdu market in the first half of 2011, and banks including Huaxia Bank and Bank of Communications have teamed up with China UnionPay to set NFC mobile payment operations in motion.

Internet Financial Industry Leaders

Key players operating in the global online finance industry (which involves online investment companies and online insurance firms) and include: Digital Insight, Yodlee, Bank of America, Wells Fargo, JPMorgan Chase, Citigroup, PayPal, US Bancorp, E*TRADE Financial Corporation, Intuit and Fiserv.

Read more »


You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 200 reports

Global Online Finance Statistics

  • May 2016
    26 pages
  • Europe  



View report >

Online Finance Industry in the US

  • August 2016
    6 pages
  • Online Finance  

  • United States  

View report >

Online Finance Overview in the UK and Europe

  • January 2017
    9 pages
  • United Kingdom  



View report >

Online Finance Markets in Japan

  • January 2016
    8 pages
  • Online Finance  

  • Japan  

View report >

Online Finance Industry in Canada and the US

  • March 2016
    5 pages
  • Canada  

    United States  

    North America  

View report >

Online Finance Markets in Australia

  • June 2016
    20 pages
  • Australia  



View report >

Global Big Data Industry - Forecast

  • April 2017
    4 pages
  • Big Data  

    Electronic Trad...  

  • China  



View report >

Insurance Industry in India

  • April 2017
    7 pages
  • Insurance  

    Online Insuranc...  

  • India  

View report >

E Trade Market in the US

  • March 2017
    5 pages
  • E Trade  

  • United States  

View report >

Online Investing Industry in the US

  • March 2017
    8 pages
  • United States  

View report >

11 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 3840 - $ 3840)

Global Peer to Peer Lending Market by End-user and Business Model Type

  • $ 3840
  • Industry report
  • March 2017
  • by Allied Market Research

Global peer to peer lending (P2P) is a method of online debt financing that allows creditors to lend money to small business and individual borrowers. P2P lending transactions are economical for borrowers ...

Digital Economy Readiness Index: Digital Payments In Em ...

January 2017 $ 1499

Global Peer-to-peer Lending Market 2016-2020

July 2016 $ 2500

The Amdocs: Mobile Financial Services

March 2016 $ 999

P2p Lending: Responding To Disruption

January 2016 $ 2795

Global Crowdfunding Market 2016-2020

January 2016 $ 2500

Amdocs Powers Indosat%s Dompetku Mobile Financial Servi ...

November 2015 $ 3500

Broker Servicing: Which Insurers Lead The Way?

August 2015 $ 2795

E-trading And The Commercial Broker

July 2015 $ 2795

India Online Loans Market Outlook To 2019 - Industry Tr ...

February 2015 $ 1200

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.