The GCC mobile banking market is expected to grow at a CAGR of around 11.5% during 2024-2033. This report on GCC mobile banking market provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the GCC mobile banking market by segmenting the market based on platform, service, type, end users, technology, and country. Also, detailed profiles of companies operating in the GCC mobile banking market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Adaption of Digitalization
• Government Bodies Involvement is also Increasing in Promoting Digitalization of Banking Sector
Market Challenges
• Concern of Data Privacy
• Growing Concern over Security and Technical Issues
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Platform
• Android
• IOS
• Others
Market by Service
• Transactions
? Customer to Customer
? Customer to Business
• Account Information
• Investments
• Support Services
• Others
Market by Type
• SMS Banking
• Standalone Mobile Application
• Wireless Application Protocol (WAP)
• Unstructured Supplementary Services Data (USSD)
Market by End User
• Individual
• Enterprise
Market by Technology
• On-cloud
• On-Premise
Market by Country
• Bahrain
• Kuwait
• Oman
• Qatar
• Saudi Arabia
• UAE