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GCC Mobile Banking Market Size, Demand, Industry Scope, Key Players and Growth by 2026

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Nasir Jones
GCC Mobile Banking Market Size, Demand, Industry Scope, Key Players and Growth by 2026

According to IMARC Group’s latest report, titled “GCC Mobile Banking Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the GCC mobile banking market grew at a CAGR of around 14% during 2015-2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026. Mobile banking assists in conducting financial transactions remotely through smart devices. It also offers additional services, such as customer support, accounting information and bill payments. As compared to other modes of transactions, mobile banking is a secure and convenient payment solution. Consequently, it is gaining immense traction across the GCC region.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

Request for a free sample copy of this report: https://www.imarcgroup.com/gcc-mobile-banking-market/requestsample

Market Trends and Drivers:

Increasing internet penetration, in confluence with the boosting sales of devices, represents one of the key factors stimulating the growth of the market in the GCC region. Moreover, the burgeoning banking, financial services and insurance (BFSI) sector is resulting in the escalating demand for prompt financial transaction services. This, coupled with the introduction of instant and real-time customer assistance to promote self-service among different banking operations, is strengthening the market growth in the region. Furthermore, governing authorities are undertaking various initiatives to encourage mobile banking services. This is also aiding in tracking financial transactions and reducing the risks of money laundering across the region.

GCC Mobile Banking Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the GCC mobile banking market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Abu Dhabi Islamic Bank
  • Kuwait Finance House
  • Mashreqbank PSC
  • Bank AlJazira
  • Masraf Al Rayan (Q.P.S.C)
  • Qatar Islamic Bank (Q.P.S.C.)
  • Bank Albilad
  • Al Baraka Banking Group B.S.C.
  • Alinma Bank
  • Bank Dhofar SAOG
  • Al Rajhi Banking and Investment Corporation
  • Dubai Islamic Bank

Key Market Segmentation:

The report has segmented the GCC mobile banking market on the basis of type, service, platform, deployment, end user and country.

Breakup by Type:

  • Wireless Application Protocol (WAP)
  • Standalone Mobile Application
  • SMS Banking
  • Unstructured Supplementary Service Data (USSD)
  • Others

Breakup by Service:

  • Transactions
    • Customer to Customer
    • Customer to Business
  • Account information
  • Investments
  • Support Services
  • Others

Breakup by Platform:

  • Android
  • IOS
  • Others

Breakup by Deployment:

  • On-cloud
  • On-premise

Breakup by End User:

  • Individual
  • Enterprise

Breakup by Country:

  • Saudi Arabia
  • UAE
  • Qatar
  • Bahrain
  • Oman
  • Kuwait

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/gcc-mobile-banking-market

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • The Impact of COVID-19 on the Market
  • Value Chain Analysis
  • Structure of the Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: [email protected]
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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