Enterprise Mobility in Banking Market Share, Trends, Opportunities, Projection, Revenue, Analysis Forecast Outlook 2024
Research Reports
Dec 20, 2020
Enterprise Mobility in Banking market – 2019-2024
Market Overview
The Enterprise Mobility market in banking is expected to grow at a CAGR of 24.81% during the forecast period (2019-2024). Banks are more transaction-led, rather than customer-centric which inhibits them from fully engaging their customers, making it difficult to personalize and streamline the mobile user experience. Thus there is a need for enterprise mobility in banking sector.
- Due to high competition among banks, customer retention has become necessary. With consumers switching over to sophisticated mobile devices for all their personal and professional engagements, mobility has become an inevitable need for banking. Employees in banks have upgraded their working processes, with smartphone and tablets replacing personal computers.
- Concept of BYOD was prevalent few years ago but increased mobile security threats and a lack of meaningful financial returns caused banks to limit BYOD options. This limited the mobility options.
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The following manufacturers are covered:
Citrix Systems
Tata Consultancy Services
Atos
Capgemini
Infosys
Accenture
IBM
HCL Technologies
NTT Data Services
Cognizant
Newgen Software
Scope of the Report
Enterprise mobility has changed the way banks run businesses. Banks work in an aggressive commercial centre with extending customer wants, so they have to reorient themselves and make usage of mobility solutions to overcome challenges related to customer satisfaction.
This report provides comprehensive analysis of
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
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Key Market Trends
Smartphones to Dominate the Market
- Smartphones have replaced personal computers among bank employees. The working processes are upgraded by keeping handheld devices in mind. For instance, a face-to-face meeting at a branch that uses a phone to demonstrate an application is a very different experience than calling a contact center to discuss investment options using a laptop at home.
- Banks have started to come up with dedicated mobile apps to enable their customers to manage their different types of accounts like FD, RD, Savings, Credit Card, etc.
- Banks are piggybacking on M-Commerce to offer value to both customer and banks. Easy feature integration allows employees to manage details of all employees in one click. By allowing employees to choose their preferred work devices, banks and financial institutions can better attract and retain talented staff.
- With smartphones and tablets reaching everywhere, the future of Mobility Banking Solution is bright. Digital interaction takes place between banks and customers which saves operational cost at each step.
Asia-Pacific to Witness the Highest Growth
- Increased adoption of smartphones in APAC region is making it easier for the financial sector to deploy mobility solutions for the employees.
- BFSI companies in Asia-Pacific are embracing BYOD when it comes to increasing employee satisfaction and productivity.
- More than half the world’s mobile subscribers live in Asia Pacific – mostly in China and India. The growth in high-speed network coverage and smartphone adoption is leading to a surge in the use of mobile data in Asia Pacific.
- According to GSM Intelligence Report 2019, the mobile ecosystem supported more than 17 million jobs in 2018 and the number of smartphones is expected to grow to 3.9 billion by 2025
Competitive Landscape
The market for enterprise mobility for banking is fragmented with many existing and new players offering mobility solutions through on-premise or cloud. Majority are focusing on smartphone-related services.
- February 2019 – Seqrite, launched its Enterprise Mobility Management (EMM) portfolio. As part of the development, Seqrite introduced two cloud-based solutions, MobiSMART and mSuite, which have been designed to provide comprehensive control over mobile devices accessing their network and data.
- November 2018 – Newgen launched Enterprise Mobility Framework 4.0 which brings new features and functionalities simplifying the building and managing of enterprise mobile applications, making it easier, faster and more efficient.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics Supply and demand
Market size Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
Customization of the Report
- Value chain analysis
- Consumer behavior analysis at country level
The report includes six parts, dealing with:
1.) basic information;
2.) the Asia Enterprise Mobility in Banking Speaker Market;
3.) the North American Enterprise Mobility in Banking Speaker Market;
4.) the European Enterprise Mobility in Banking Speaker Market;
5.) market entry and investment feasibility;
6.) the report conclusion.
Table of Content: Enterprise Mobility in Banking
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
…
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
16 Appendix
Continued …
The key insights of The Report Research:
1.The report Research provides key statistics on the market status of the Enterprise Mobility in Banking manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report Research presents the company profile, product specifications, capacity, production value, and 2019-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report Research estimates 2019-2024 market development trends of Enterprise Mobility in Banking industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report Research makes some important proposals for a new project of Enterprise Mobility in Banking Industry before evaluating its feasibility.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
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