Banking Enterprise Mobility Market Outlook – 2027
The banking enterprise mobility is a kind of technology which concentrates on offering a mobile working platform for the employees of financial institutions. The banking enterprise mobility allows the use of personal laptops, mobile devices and tablets for the banking operations. The organizational data is accessed through cloud-based deployment solutions.
Moreover, the banks & financial institutions have been integrated with advanced website & mobile applications which in turn allows the consumers to carry out financial transactions and various important process via mobile device rather than visiting the office for small unfinished business. Therefore, the demand for banking enterprise mobility while accessing banking data through online mobile devices from different location is expected to boost the market growth in the near future.
The global banking enterprise mobility market is segmented on the basis of component, device type, end user, and region. Based on component, the banking enterprise mobility market is bifurcated into solution and services. The solution segment is further divided into device management, access management, application management, and others. The services segment is also further fragmented into professional services and support & maintenance.
In terms of device type, the market is categorized into laptops, mobile device, and tablets. On the basis of end user, the market is divided into small enterprise, medium enterprise, and large enterprise. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global banking enterprise mobility industry include BlackBerry Limited, VMware Inc., Citrix Systems Inc., IBM Corporation, Microsoft Corporation, Mobile Iron Inc., Accenture Plc., Newgen Software Technologies Limited, Infosys Limited, and HCL Technologies. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global banking enterprise mobility market.
Top Impacting Factors
Increase in acceptance of smartphones for banking services, competitive pressure from financial sector, and growing penetration of internet usability are driving the growth of the market. However, risk associated with the usage of personal devices is expected to limit the growth of the market. Contrarily, increase in adoption of cloud-based technology to access the banking data can be seen as an opportunity for the market investments.
Increase in Acceptance of Smartphones For Banking Services
The smartphones have replaced the use of personal computers among the bank employees to initiate the banking processes. In addition, the working conditions in a bank has been upgraded by introducing the banking enterprise mobility devices. For instance, in 2020, approximately 456 banking institutions have started to introduce innovative & advanced mobile applications to enable the employees for creating & managing different types of accounts and other banking services through mobile devices for the consumers.
Moreover, the technological advancements such as banking enterprise mobility helps the financial institutions to attract & retain skilled workforce. Therefore, the increase in acceptance of smartphones for banking services, will foster the growth for the global banking enterprise mobility market during the forecast period.
Increase in Adoption of Cloud-Based Technology to Access the Banking Data
The cloud-based technology is consistently used to store & manage the data related to the banking services and helps saving the potential losses occurred due to the fluctuation of the business operations. Moreover, the cloud-based technology has been commonly accepted in the banking sector, as employees are increasingly using banking enterprise mobility in order manage the accounts from any mobile device.
The banking enterprise mobility helps in preventing security risks such as intrusion detection, data decryption in cloud and others. Therefore, the increase in adoption of cloud-based technologies to access the banking data, will boost the growth for the global banking enterprise mobility market during the forecast period.
Key Benefits of the Report
- This study presents analytical depiction of the global banking enterprise mobility market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the banking enterprise mobility market share.
- The current market is quantitatively analyzed to highlight the global banking enterprise mobility market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed banking enterprise mobility market analysis based on the present and future competitive intensity of the market.
COVID-19 Scenario Analysis
- During the COVID-19 outbreak, majority of financial institutions have witnessed a devastating decline in the market, however, the integration of banking enterprise mobility had a positive impact during the crisis. Due to increased remote working & online management of business operations, banks have adopted mobility and is continuing to rise in the upcoming years.
- The banking employees were unable to reach the financial institution for day-to-day working procedures as government has imposed lockdown in the affected countries amid the coronavirus outbreak which in turn allowed the employees to endure into the daily operation from their respective locations with the use of the banking enterprise mobility.
Questions Answered in the Banking Enterprise Mobility Market Research Report
- Who are the leading market players active in the global banking enterprise mobility market?
- What would be the detailed impact of COVID-19 on the global banking enterprise mobility market size?
- How the current banking enterprise mobility market trends would influence the industry in the next few years?
- What are the driving factors, restraints, and opportunities in the global market?
- What are the projections for the future that would help in taking further strategic steps?
Banking Enterprise Mobility Market Report Highlights
| Aspects | Details |
 By Component |
|
 By Device Type |
|
 By End User |
|
 By Region |
|
 Key Market Players | VMware Inc., HCL Technologies, Mobile Iron Inc., Accenture Plc., Newgen Software Technologies Limited, Microsoft Corporation, IBM Corporation, BlackBerry Limited, Infosys Limited, Citrix Systems Inc. |
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