• Thu. Dec 1st, 2022

GCC Mobile Banking Market Size, Share, Trends, Key Players, Growth and Opportunities 2022-2027 – FortBendNow

ByCindy J. Daddario

Mar 31, 2022

According to the latest report of the IMARC group, entitled “GCC Mobile Banking Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027“, the GCC mobile banking market is expected to grow at a CAGR of 14.2% during the period 2022-2027. Mobile banking helps in conducting financial transactions remotely through smart devices. additional services, such as customer support, accounting information and bill payment.Compared to other modes of transactions, mobile banking is a secure and convenient payment solution.Therefore, it is gaining immense traction in the region of GCC.

We regularly monitor the direct effect of COVID-19[female[feminine in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Market Trends and Drivers:

One of the major factors driving the market growth in the GCC region is rising internet penetration coupled with increasing sales of devices. Additionally, the booming banking, financial services and insurance (BFSI) industry is driving a growing demand for fast financial transaction services. This, coupled with the introduction of instant and real-time customer support to promote self-service among various banking operations, is bolstering the market growth in the region. In addition, government authorities are undertaking various initiatives to encourage mobile banking services. It also helps to track financial transactions and reduce the risk of money laundering in the region.

Competitive Analysis and Segmentation of the GCC Mobile Banking Market 2022-2027:

Competitive landscape with key players:

The competitive landscape of the GCC Mobile Banking Market has been studied in the report along with the detailed profiles of key players operating in the market.

Some of these key players include:

  • Abu Dhabi Islamic Bank
  • Al Baraka BSC banking group
  • Al Rajhi Banking and Investment Company
  • Alinma Bank
  • Albilad Bank
  • Al Jazeera Bank
  • Bank Dhofar SAOG
  • Dubai Islamic Bank
  • Kuwait Finance House
  • Mashreqbank PSC
  • Masraf Al Rayan (QPSC)
  • Qatar Islamic Bank (QPSC)

Key Market Segmentation:

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

Breakdown by type:

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

Breakdown by department:

  • Transactions
    • customer to customer
    • Customer to business
  • Account information
  • Investments
  • Support Services
  • Others

Breakdown by platform:

Breakdown by deployment:

Breakdown by end user:

Breakdown by country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Bahrain
  • Oman
  • Kuwait

Ask the analyst to customize and explore the full report with table of contents and list of figures: https://bit.ly/3uIfeOv

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market trends
  • Market drivers and success factors
  • Impact of COVID-19
  • Value chain analysis
  • Complete mapping of the competitive landscape

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

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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

Our offerings include comprehensive market information in the form of research reports, production cost reports, feasibility studies and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our client base, ranging from small and medium-sized businesses to Fortune 1000 companies.

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