Neo and Challenger Bank Market Size, Share, Trends, Growth 2032
Neo and Challenger Bank Market By Type (Neo Bank and Challenger Bank) and By Application (Personal and Business): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 171.73 Billion | USD 5256.71 Billion | 46.3% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global Neo and Challenger Bank Market, 2017-2026 (USD Million)
- 2.2. Global Neo and Challenger Bank Market: Snapshot
- Chapter 3. Neo and Challenger Bank Market - Industry Dynamics
- 3.1. Introduction
- 3.2. Market drivers
- 3.2.1. Global Neo and Challenger Bank Market drivers: Impact analysis
- 3.2.2. Convenience Offered to Consumers
- 3.2.3. Growth Supporting Regulations
- 3.2.4. Excellent Interest Rates and Low Transaction Charges
- 3.2.5. Demographic Shift
- 3.3. Market Restraints
- 3.3.1. Global Neo and Challenger Bank Market restraints: Impact analysis
- 3.3.2. Customer Acquisition
- 3.3.3. Low Profitability
- 3.4. Opportunities
- 3.4.1. Global Neo and Challenger Bank Market opportunity: Impact analysis
- 3.4.2. High smartphone penetration
- 3.5. Porter's Five Forces Analysis
- 3.6. Market attractiveness analysis
- 3.6.1. Market attractiveness analysis, by Type
- 3.6.2. Market attractiveness analysis, by application
- 3.6.3. Market attractiveness analysis, by region
- Chapter 4. Global Neo and Challenger Bank Market - Competitive Landscape
- 4.1. Company Market Share Analysis
- 4.1.1. Global Neo and Challenger Bank Market: company market share, 2018
- 4.2. Strategic Development
- 4.2.1. Acquisitions & Mergers
- 4.2.2. New Therapy Launch
- 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
- 4.2.4. Research and Development and Regional Expansion
- 4.3. Price Trend Analysis
- 4.4. Technology Portfolio
- 4.1. Company Market Share Analysis
- Chapter 5. Global Neo and Challenger Bank Market - Type Analysis
- 5.1. Global Neo and Challenger Bank Market: Type overview
- 5.1.1. Global Neo and Challenger Bank Market revenue share, by Type, 2018 and 2026
- 5.2. Neo Bank
- 5.2.1. Global Neo Bank Market, 2017-2026 (USD Million)
- 5.3. Challenger Bank
- 5.3.1. Global Challenger Bank market, 2017-2026 (USD Million)
- 5.1. Global Neo and Challenger Bank Market: Type overview
- Chapter 6. Global Neo and Challenger Bank Market - Application Analysis
- 6.1. Global Neo and Challenger Bank Market: Application overview
- 6.1.1. Global Neo and Challenger Bank Market revenue share, by application, 2018 and 2026
- 6.2. Personal
- 6.2.1. Global Neo and Challenger Bank Market for Personal, 2017-2026 (USD Million)
- 6.3. Business
- 6.3.1. Global Neo and Challenger Bank Market for Business, 2017-2026 (USD Million)
- 6.1. Global Neo and Challenger Bank Market: Application overview
- Chapter 7. Global Neo and Challenger Bank Market - Regional Analysis
- 7.1. Global Neo and Challenger Bank Market: Regional overview
- 7.1.1. Global Neo and Challenger Bank Market revenue share, by region, 2018 and 2026
- 7.2. North America
- 7.2.1. North America Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.2.2. North America Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.2.3. The U.S.
- 7.2.3.1. The U.S. Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.2.3.2. The U.S. Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.2.4. Canada
- 7.2.4.1. Canada Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.2.4.2. Canada Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.3.2. Europe Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.3.3.2. Germany Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.3.4.2. France Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.3.5. UK
- 7.3.5.1. UK Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.3.5.2. UK Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.3.6. Rest of Europe
- 7.3.6.1. Rest of Europe Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.3.6.2. Rest of Europe Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.4.2. Asia Pacific Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.4.3. China
- 7.4.3.1. China Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.4.3.2. China Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.4.4.2. Japan Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.4.5. India
- 7.4.5.1. India Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.4.5.2. India Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.4.6. Rest of Asia Pacific
- 7.4.6.1. Rest of Asia Pacific Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.4.6.2. Rest of Asia Pacific Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.5.2. Latin America Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.5.3. Brazil
- 7.5.3.1. Brazil Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.5.3.2. Brazil Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.5.4. Rest of Latin America
- 7.5.4.1. Rest of Latin America Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.5.4.2. Rest of Latin America Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.6. The Middle East and Africa
- 7.6.1. The Middle East and Africa Neo and Challenger Bank Market revenue, by Type, 2017-2026 (USD Million)
- 7.6.2. The Middle East and Africa Neo and Challenger Bank Market revenue, by application, 2017-2026 (USD Million)
- 7.1. Global Neo and Challenger Bank Market: Regional overview
- Chapter 8. Company Profile
- 8.1. DBS
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Therapy portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. Simple
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Therapy portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. Koho Financial
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Therapy portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. Hello Bank
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Therapy portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Fidor Solutions
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Therapy portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent developments
- 8.6. MyBank
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Therapy portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Pockit Limited
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Therapy portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. Holvi Payment Services
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Therapy portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.9. Monzo Bank Limited
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Therapy portfolio
- 8.9.4. Business strategy
- 8.9.5. Recent developments
- 8.10. Starling Bank
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Therapy portfolio
- 8.10.4. Business strategy
- 8.10.5. Recent developments
- 8.11. N26 GmbH
- 8.11.1. Overview
- 8.11.2. Financials
- 8.11.3. Therapy portfolio
- 8.11.4. Business strategy
- 8.11.5. Recent developments
- 8.12. Atom Bank
- 8.12.1. Overview
- 8.12.2. Financials
- 8.12.3. Therapy portfolio
- 8.12.4. Business strategy
- 8.12.5. Recent developments
- 8.13. Moven
- 8.13.1. Overview
- 8.13.2. Financials
- 8.13.3. Therapy portfolio
- 8.13.4. Business strategy
- 8.13.5. Recent developments
- 8.14. Jibun Bank Corporation
- 8.14.1. Overview
- 8.14.2. Financials
- 8.14.3. Therapy portfolio
- 8.14.4. Business strategy
- 8.14.5. Recent developments
- 8.15. Timo
- 8.15.1. Overview
- 8.15.2. Financials
- 8.15.3. Therapy portfolio
- 8.15.4. Business strategy
- 8.15.5. Recent developments
- 8.16. Kakao Bank
- 8.16.1. Overview
- 8.16.2. Financials
- 8.16.3. Therapy portfolio
- 8.16.4. Business strategy
- 8.16.5. Recent developments
- 8.17. Tandem Bank Limited
- 8.17.1. Overview
- 8.17.2. Financials
- 8.17.3. Therapy portfolio
- 8.17.4. Business strategy
- 8.17.5. Recent developments
- 8.18. WeBank
- 8.18.1. Overview
- 8.18.2. Financials
- 8.18.3. Therapy portfolio
- 8.18.4. Business strategy
- 8.18.5. Recent developments
- 8.1. DBS
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Neo and Challenger Bank Market revenue, 2017–2026 (USD Million)
4. Porter’s Five Forces Analysis
5. Neo and Challenger Bank Market attractiveness analysis, by Type
6. Neo and Challenger Bank: Market attractiveness analysis, by application
7. Neo and Challenger Bank: Market attractiveness analysis, by region
8. Company market share analysis, 2018
9. Global Neo and Challenger Bank Market revenue share by Type, 2018 and 2026
10. Global Neo Bank Market, 2017–2026 (USD Million)
11. Global Challenger Bank Market, 2017–2026 (USD Million)
12. Global Neo and Challenger Bank Market revenue share by application, 2018 and 2026
13. Global Neo and Challenger Bank Market for Personal, 2017–2026 (USD Million)
14. Global Neo and Challenger Bank Market for Business, 2017–2026 (USD Million)
Table Of Tables
List of Tables
1. Neo and Challenger Bank Market: Market Snapshot
2. Drivers of the global Neo and Challenger Bank Market: Impact analysis
3. Restraints of the global Neo and Challenger Bank Market: Impact analysis
4. North America Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
5. North America Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
6. The U.S. Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
7. The U.S. Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
8. Canada Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
9. Canada Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
10. Europe Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
11. Europe Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
12. U.K. Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
13. U.K. Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
14. Germany Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
15. Germany Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
16. France Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
17. France Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
18. Rest of Europe Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
19. Rest of Europe Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
20. Asia Pacific Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
21. Asia Pacific Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
22. China Neo and Challenger Bank Market revenue, by Type 2017–2026 (USD Million)
23. China Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
24. Japan Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
25. Japan Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
26. India Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
27. India Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
28. Rest of Asia Pacific Neo and Challenger Bank Market revenue, by Type 2017–2026 (USD Million)
29. Rest of Asia Pacific Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
30. Latin America Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
31. Latin America Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
32. Brazil Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
33. Brazil Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
34. Rest of Latin America Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
35. Rest of Latin America Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
36. The Middle East and Africa Neo and Challenger Bank Market revenue, by Type, 2017–2026 (USD Million)
37. The Middle East and Africa Neo and Challenger Bank Market revenue, by application, 2017–2026 (USD Million)
Methodology
FrequentlyAsked Questions
Operating without any physical branches, neo banks are entirely digital ones. They offer banking services just via mobile apps and web sites.
Demand for digital banking solutions is resulting from growing use of cellphones and internet penetration. Neo and challenger banks are positioned to profit from the trend towards mobile-first offerings.
According to a report from Zion Market Research, the global Neo and Challenger Bank Market was valued at USD 171.73 Billion in 2023 and is projected to hit USD 5256.71 Billion by 2032.
According to a report from Zion Market Research, the global Neo and Challenger Bank Market a compound annual growth rate (CAGR) of 46.3% during the forecast period 2024-2032.
The growth of the regional market over the forecast timespan is due to massive presence of these financial institutions in the countries like the UK. Apart from this, the country possesses largest number of small & medium-sized enterprises in Europe and is succeeded by Germany.
Moven, Jibun Bank Corporation, Tandem Bank Limited, DBS, Simple, Pockit Limited, N26 GmbH, Koho Financial, Kakao Bank, Hello Bank, Timo, Fidor Solutions, MyBank, Holvi, Payment Services, Monzo Bank Limited, Starling Bank, Atom Bank, WeBank
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