Unlock What Growth Challenger Bank Market May See in Future; Participants Still Eyeing Growth in Market

Challenger Bank Market Latest Edition Published with Forecast to 2027
  • Apr 22, 2022
  • Khyati
  • Banks
  • AMA Research
The article cited AMA's Global Challenger Bank Market Study explored substantial growth with CAGR of %. According the report, Rise in Banking Super-Apps, Hyper-Personalization, and Integration of Advanced AI Analytics is one of the primary growth factors for the market. Customers’ Frustration with Traditional Banks and Prevalence of Digital Devices like Smartphones and Tablets is also expected to contribute significantly to the Challenger Bank market. Overall, applications of Challenger Bank, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Pockit (United Kingdom), Atom Bank (United Kingdom), N26 (Germany), Metro Bank (United Kingdom), OakNorth Bank (United Kingdom), Pennyworth Limited (United Kingdom), Monzo Bank Ltd (United Kingdom), Shawbrook Bank (United Kingdom), Starling Bank (United Kingdom), Tandem Money (United Kingdom), Fidor Group (Germany) and KOHO Financial Inc. (Canada) may see astonishing sales in this Market and certainly improve revenue growth.

The End Users, such as Personal, is boosting the Challenger Bank market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Offerings, such as Investment Products, is boosting the Challenger Bank market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Challenger Bank market identified that the demand is rising in many different parts of the world as "Significant Growth of Challenger Banks in the United Kingdom and the United States ". One of the challenges that industry facing is "Very Few Physical Branches and Lack of Protection by the Financial Services Compensation Scheme"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Challenger Bank market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Challenger Bank market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Challenger Bank market tight?
• Which application/end-user category or Product Type [Own Banking License and Partnered With a Traditional Bank] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Challenger Bank market and other related sub-markets covered in the study.

o Key & emerging players in the Challenger Bank market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Challenger Bank market size is calculated using market estimation process, the Challenger Bank market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Challenger Bank market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager