Industry Background:
A bank feed is a digital link between your checking account and accounting code, mechanically commercialism bank transactions into your accounting code daily. By permitting accounting software like FreeAgent to automatically import a customer’s money data, bank feeds offer business house owners an up to date read of their business’s money performance.This growth is primarily driven by Growth in Demand for Bank Statements into Revenue and Expense Categories to Track Sales and Costs
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Banks sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as FreeAgent (United Kingdom), Xero (New Zealand), QuickBooks (United States), Pandle (United Kingdom), BGL Corporate Solutions (Australia), MYOB Technology (Australia), SISS Data Service (Australia), SuperConcepts (Australia), CLASS (Australia) and Reckon (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Yodlee, a leading financial data and analytics platform powering dynamic, cloud-based innovation for digital financial services has acquired FinBit.io an emerging financial data aggregation and analytics platform provider for Asia-pacific market.
The global market for Bank Feed is fragmented by global players owing to demand automation in Data processing for the bank consumer data in order to track their expenses, investments, and future scope. The emerging players should deploy more investments towards R&D to improve the system and include data security too grab market share.
Influencing Trend:
Data Accuracy and Timely Reporting of Consumer Data of Expenses, Investments
Market Growth Drivers:
Growth in Demand for Bank Statements into Revenue and Expense Categories to Track Sales and Costs and Growth in Demand for Highly Accurate Data Flow for Cutting Expenses
Challenges:
Skilled Employee Structure needs for Handling Data and Analysis
Restraints:
Data Security and Data Breach Threats
Opportunities:
Automation and Infusing the systems with Artificial Intelligence.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Bank Feed Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Bank Feed Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Bank Feed players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bank Feed Study Sheds Light on
The Bank Feed Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bank Feed industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bank Feed industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.