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Global Social Banking Market to reach USD XX billion by the end of 2029

Global Social Banking Market Size study & Forecast, by Application (Payments, Processing Services, Customer & Channel Management, Risk Management and Others), Banking Type (Retail Banking, Corporate Banking, and Investment Banking) and Distribution Channel (Online and Offline) and Regional Analysis, 2022-2029

Product Code: BFBFSI-28994339
Publish Date: 19-12-2022
Page: 200

Global Social Banking Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Social Banking refers to offering banking services to individuals and organizations that works for purpose of betterment of society & environment sustainability. Banks and financial institutions offer tailor made products and services to financially empower the needy and vulnerable sections of the society. The increasing expansion of banking & financial services worldwide and growing emergence of sustainable banking as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista – as of 2022, the revenue in the global Banking, Finance & Insurances is is estimated at USD 3.72 trillion and the market is projected to grow at an annual growth rate of 2.47% is expected between 2022 and 2025 to reach to USD 4.0 trillion by end of 2025. Also, growing adoption of interactive technologies in banking sector and favorable initiatives from regulatory authorities to promote financial inclusion would create lucrative growth prospectus for the market over the forecast period. However, concern associated with credit risk and increasing instances of data breach & cyber fraud impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Social Banking Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players coupled with growing emergence of AI & ML technologies in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of digital banking platforms and increasing number of initiatives from government authorities to promote financial inclusion among vulnerable section of the society in the region.

Major market player included in this report are:
International Business Machines Corporation
Oracle
Fiserv Inc.
Sword GRC
Provenir
Moody’s Investors Service Inc.
Lockpath Inc.
LogicManager Inc.
Qualys Inc.
Thomson Reuters

Recent Developments in the Market:
 In October 2020, Social media platform and messaging app LINE rolled out a social banking platform named LINE BK in collaboration with KASIKORNBANK in Thailand. This new platform would enable users to transfer money, open savings accounts, apply for loans as well as make payments.
 In May 2022, Berlin, Germany based Owwn launched a social banking platform in partnership with Berlin based FinTech company Solarisbank.

Global Social Banking Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Banking Type, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application
Payments
Processing Services
Customer & Channel Management
Risk Management
Others
By Banking Type
Retail Banking
Corporate Banking
Investment Banking
By Distribution Channel
Online
Offline

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Social Banking Market, by Region, 2019-2029 (USD Billion)
1.2.2. Social Banking Market, by Application, 2019-2029 (USD Billion)
1.2.3. Social Banking Market, by Banking Type, 2019-2029 (USD Billion)
1.2.4. Social Banking Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Social Banking Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Social Banking Market Dynamics
3.1. Social Banking Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing expansion of banking & financial services worldwide.
3.1.1.2. Growing emergence of sustainable banking
3.1.1.3. Strategic initiatives from leading market players.
3.1.2. Market Challenges
3.1.2.1. Concern associated with credit risk
3.1.2.2. Increasing instances of data breach & cyber fraud
3.1.3. Market Opportunities
3.1.3.1. Growing adoption of interactive technologies in banking sector.
3.1.3.2. Favourable initiatives from regulatory authorities to promote financial inclusion.
Chapter 4. Global Social Banking Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Social Banking Market, by Application
6.1. Market Snapshot
6.2. Global Social Banking Market by Application, Performance – Potential Analysis
6.3. Global Social Banking Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
6.4. Social Banking Market, Sub Segment Analysis
6.4.1. Payments
6.4.2. Processing Services
6.4.3. Customer & Channel Management
6.4.4. Risk Management
6.4.5. Others
Chapter 7. Global Social Banking Market, by Banking Type
7.1. Market Snapshot
7.2. Global Social Banking Market by Banking Type, Performance – Potential Analysis
7.3. Global Social Banking Market Estimates & Forecasts by Banking Type 2019-2029 (USD Billion)
7.4. Social Banking Market, Sub Segment Analysis
7.4.1. Retail Banking
7.4.2. Corporate Banking
7.4.3. Investment Banking
Chapter 8. Global Social Banking Market, by Distribution Channel
8.1. Market Snapshot
8.2. Global Social Banking Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Social Banking Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
8.4. Social Banking Market, Sub Segment Analysis
8.4.1. Online
8.4.2. Offline
Chapter 9. Global Social Banking Market, Regional Analysis
9.1. Social Banking Market, Regional Market Snapshot
9.2. North America Social Banking Market
9.2.1. U.S. Social Banking Market
9.2.1.1. Application breakdown estimates & forecasts, 2019-2029
9.2.1.2. Banking Type breakdown estimates & forecasts, 2019-2029
9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Social Banking Market
9.3. Europe Social Banking Market Snapshot
9.3.1. U.K. Social Banking Market
9.3.2. Germany Social Banking Market
9.3.3. France Social Banking Market
9.3.4. Spain Social Banking Market
9.3.5. Italy Social Banking Market
9.3.6. Rest of Europe Social Banking Market
9.4. Asia-Pacific Social Banking Market Snapshot
9.4.1. China Social Banking Market
9.4.2. India Social Banking Market
9.4.3. Japan Social Banking Market
9.4.4. Australia Social Banking Market
9.4.5. South Korea Social Banking Market
9.4.6. Rest of Asia Pacific Social Banking Market
9.5. Latin America Social Banking Market Snapshot
9.5.1. Brazil Social Banking Market
9.5.2. Mexico Social Banking Market
9.6. Rest of The World Social Banking Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. International Business Machines Corporation (IBM)
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Oracle
10.2.3. Fiserv Inc.
10.2.4. Sword GRC
10.2.5. Provenir
10.2.6. Moody’s Investors Service Inc.
10.2.7. Lockpath Inc.
10.2.8. LogicManager Inc.
10.2.9. Qualys Inc.
10.2.10. Thomson Reuters

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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