{"product_id":"global-video-banking-service-market-size-study-forecast-by-component-solution-service-by-deployment-mode-on-premise-cloud-by-application-banks-credit-unions-others-and-regional-analysis-2022-2029","title":"Global Video Banking Service Market Size study \u0026 Forecast, by Component (Solution, Service), by Deployment Mode (On-Premise, Cloud), by Application (Banks, Credit Unions, Others) and Regional Analysis, 2022-2029","description":"\u003cp\u003eGlobal Video Banking Service Market Size study \u0026amp; Forecast, by Component (Solution, Service), by Deployment Mode (On-Premise, Cloud), by Application (Banks, Credit Unions, Others) and Regional Analysis, 2022-2029\u003c\/p\u003e\n\n\u003cp\u003eGlobal Video Banking Service Market is valued at approximately USD 71.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.6% over the forecast period 2022-2029. Video Banking Service refers to remote banking services offered by the bank and financial institutions via video connectivity. These facilities can be accessed by customers by visiting the bank’s website and application. Moreover, there are benefits associated with video banking services such as convenient and personal experience for customers, and low operations cost for the banks and financial institutions. The outbreak of covid 19 forced banks and financial institutions to roll out virtual banking services, making a positive impact on the growth of the Global Video Banking Service Market. The increasing demand for personalized banking services and growing expansion of the BFSI Industry as well as strategic initiatives from leading market players are key factors accelerating the market growth.\u003c\/p\u003e\n\n\u003cp\u003eThe rising expansion of the global banking, finance, and insurance sector is contributing to the growth of the Global Video Banking Service Market. For instance, according to Statista – as of 2022, the revenue in the US Banking, Finance \u0026amp; Insurance sector is valued at USD 3.72 trillion in 2022, and the BFSI sector is projected to grow at an annual growth rate of 2.47% between 2022-2025 period to reach to USD 4 trillion by 2025. Moreover, in February 2022, the Ministry of Finance, Government of India  announced the establishment of 75 digital banking units (DBUs) across  75 districts across India. In addition, under this plan in October 2022, ICICI Bank and Kotak Mahindra Bank have opened their DBUs in Kohima, Nagaland, and Mehsana, Gujrat. Also, the rapid growth of digital banking services and increasing investment from authorities in remote banking would create a lucrative growth prospectus for the market over the forecast period. However, security and privacy concerns and limited availability of high-speed internet services stifle the market growth throughout the forecast period of 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global Video Banking Service Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing introduction of Video Banking Services from leading banks and the availability of high-speed internet infrastructure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising adoption of smartphones, and favourable initiatives from government authorities to promote digital banking services coupled with the growth of high-speed internet services in the region.\u003c\/p\u003e\n\n\u003cp\u003eMajor market player included in this report are:\u003cbr\u003e\nAU Small Finance Bank Limited\u003cbr\u003e\nBarclays\u003cbr\u003e\n Glia Technologies, Inc.\u003cbr\u003e\nGuaranty Trust Bank Limited.\u003cbr\u003e\n NatWest International\u003cbr\u003e\n Star Financial Bank\u003cbr\u003e\n Stonehambank\u003cbr\u003e\n U.S. Bank\u003cbr\u003e\n ulster bank\u003cbr\u003e\n Royal Bank of Scotland plc\u003c\/p\u003e\n\n\u003cp\u003eRecent Developments in the Market:\u003cbr\u003e\n? In June 2021, U.S. Bank has launched an enhancement in its cobrowse feature by offering the feature of live video of the banker. Through this new feature, Cobrowse would enable customers to share their screen with a banker to view and navigate online and mobile banking together.\u003c\/p\u003e\n\n\u003cp\u003e? In Feb 2022, Main Street Bank rolled out its new video banking service: Main Street Video Connect. This service can be accessed through the bank’s website and mobile application and enable users to meet face-to-face with a banker.\u003c\/p\u003e\n\n\n\u003cp\u003eGlobal Video Banking Service Market Report Scope:\u003cbr\u003e\nHistorical Data 2019-2020-2021\u003cbr\u003e\nBase Year for Estimation 2021\u003cbr\u003e\nForecast period 2022-2029\u003cbr\u003e\nReport Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\nSegments Covered Component, Deployment Mode, Application, Region\u003cbr\u003e\nRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World\u003cbr\u003e\nCustomization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional \u0026amp; segment scope*\u003c\/p\u003e\n\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; 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.\u003c\/p\u003e\n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; 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.\u003cbr\u003e\nThe detailed segments and sub-segment of the market are explained below:\u003c\/p\u003e\n\n\u003cp\u003eBy Component\u003cbr\u003e\nSolution\u003cbr\u003e\nService\u003cbr\u003e\nBy Deployment Mode\u003cbr\u003e\nOn-Premise\u003cbr\u003e\nCloud\u003cbr\u003e\nBy Application\u003cbr\u003e\nBanks\u003cbr\u003e\nCredit Unions\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\n\u003cp\u003eBy Region:\u003cbr\u003e\nNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nRoLA\u003cbr\u003e\nRest of the World\u003c\/p\u003e\n\n\u003cp\u003eCompanies Mentioned\u003c\/p\u003e\n\n\u003cp\u003eAU Small Finance Bank Limited\u003cbr\u003e\nBarclays\u003cbr\u003e\nGlia Technologies, Inc.\u003cbr\u003e\nGuaranty Trust Bank Limited.\u003cbr\u003e\nNatWest International\u003cbr\u003e\nStar Financial Bank\u003cbr\u003e\nStonehambank\u003cbr\u003e\nU.S. Bank\u003cbr\u003e\nulster bank\u003cbr\u003e\nRoyal Bank of Scotland plc\u003c\/p\u003e\n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"January, 2023 \/ 200 Pages \/ MCW16274061","offer_id":47709065871666,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-video-banking-service-market-size-study-forecast-by-component-solution-service-by-deployment-mode-on-premise-cloud-by-application-banks-credit-unions-others-and-regional-analysis-2022-2029","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}