The Asia Pacific Video Banking Service Market would witness market growth of 13.3% CAGR during the forecast period (2023-2030).
Video banking is a flexible and adaptable service that can benefit customers and banks by enhancing convenience, efficiency, and security and fostering stronger customer-bank relationships. In addition, video banking enables customers to complete various banking duties from the comfort of their homes, thereby enhancing the overall customer experience. Furthermore, video banking is a rapidly growing trend in the financial services industry, and several key trends are driving its adoption. As many customers seek to establish accounts remotely, video banking has become an increasingly common method to complete this process. In addition, it is used to provide virtual financial counseling, allowing customers to receive financial guidance and recommendations from the convenience of their homes.
Video banking provides a more personalized and engaging customer experience than traditional phone or chat support. It allows customers to interact face-to-face with banking representatives, which can build trust and enhance the quality of service. Video banking services can vary widely and include account opening, loan applications, financial consultations, customer support, and more. Some institutions also offer video-enabled ATMs, where customers can contact a remote agent for assistance. Security and privacy concerns are crucial in the financial industry. Video banking platforms typically protect sensitive information and transactions with robust security measures.
According to Invest India, despite global upheavals, India's banking sector has historically been one of the most stable in the world. The population with a bank account rose from 53% in FY16 to 78% in FY21, a gain of 23%. There are more than 1,650,000 bank branches, which equates to approximately 15 branches per 1,000,000 people. This is complemented by a network of 2,170,000 automated teller machines, of which 47% are in rural and semi-urban areas. In 25 states and 7 Union Territories, 99.94% of all municipalities have access to banking services within a radius of 5 kilometers from their center. As the Indian BFSI sector continues to evolve, video banking services are likely to play an increasingly significant role in meeting customers' changing needs and expectations. Therefore, the aforementioned aspects will drive the market growth in this region.
The China market dominated the Asia Pacific Video Banking Service Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,388 million by 2030. The Japan market is registering a CAGR of 12.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 14% during (2023 - 2030).
Based on Application, the market is segmented into Banks, Credit Union, and Others. Based on Component, the market is segmented into Solution, and Services. Based on Deployment Mode, the market is segmented into On-Premise, and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Video Banking Service Market is Predict to reach $172.3 Billion by 2030, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AU Small Finance Bank Limited, Barclays PLC, Glia Technologies, Inc., STAR Financial Bank (STAR Financial Group, Inc.), NatWest Group Plc, Guaranty Trust Bank Limited, StonehamBank, U.S. Bank, Cisco Systems, Inc., and Vidyard.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Banks
- Credit Union
- Others
By Component
By Deployment Mode
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- AU Small Finance Bank Limited
- Barclays PLC
- Glia Technologies, Inc.
- STAR Financial Bank (STAR Financial Group, Inc.)
- NatWest Group Plc
- Guaranty Trust Bank Limited
- StonehamBank
- U.S. Bank
- Cisco Systems, Inc.
- Vidyard
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Video Banking Service Market, by Application
1.4.2 Asia Pacific Video Banking Service Market, by Component
1.4.3 Asia Pacific Video Banking Service Market, by Deployment Mode
1.4.4 Asia Pacific Video Banking Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Sep – 2023, Sep) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Video Banking Service Market, By Application
5.1 Asia Pacific Banks Market, By Country
5.2 Asia Pacific Credit Union Market, By Country
5.3 Asia Pacific Others Market, By Country
Chapter 6. Asia Pacific Video Banking Service Market, By Component
6.1 Asia Pacific Solution Market, By Country
6.2 Asia Pacific Services Market, By Country
Chapter 7. Asia Pacific Video Banking Service Market, By Deployment Mode
7.1 Asia Pacific On-Premise Market, By Country
7.2 Asia Pacific Cloud Market, By Country
Chapter 8. Asia Pacific Video Banking Service Market, By Country
8.1 China Video Banking Service Market
8.1.1 China Video Banking Service Market, By Application
8.1.2 China Video Banking Service Market, By Component
8.1.3 China Video Banking Service Market, By Deployment Mode
8.2 Japan Video Banking Service Market
8.2.1 Japan Video Banking Service Market, By Application
8.2.2 Japan Video Banking Service Market, By Component
8.2.3 Japan Video Banking Service Market, By Deployment Mode
8.3 India Video Banking Service Market
8.3.1 India Video Banking Service Market, By Application
8.3.2 India Video Banking Service Market, By Component
8.3.3 India Video Banking Service Market, By Deployment Mode
8.4 South Korea Video Banking Service Market
8.4.1 South Korea Video Banking Service Market, By Application
8.4.2 South Korea Video Banking Service Market, By Component
8.4.3 South Korea Video Banking Service Market, By Deployment Mode
8.5 Singapore Video Banking Service Market
8.5.1 Singapore Video Banking Service Market, By Application
8.5.2 Singapore Video Banking Service Market, By Component
8.5.3 Singapore Video Banking Service Market, By Deployment Mode
8.6 Malaysia Video Banking Service Market
8.6.1 Malaysia Video Banking Service Market, By Application
8.6.2 Malaysia Video Banking Service Market, By Component
8.6.3 Malaysia Video Banking Service Market, By Deployment Mode
8.7 Rest of Asia Pacific Video Banking Service Market
8.7.1 Rest of Asia Pacific Video Banking Service Market, By Application
8.7.2 Rest of Asia Pacific Video Banking Service Market, By Component
8.7.3 Rest of Asia Pacific Video Banking Service Market, By Deployment Mode
Chapter 9. Company Profiles
9.1 AU Small Finance Bank Limited
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.4.3 Acquisition and Mergers:
9.1.5 SWOT Analysis
9.2 Barclays PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.2.5 SWOT Analysis
9.3 Glia Technologies, Inc.
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.3 SWOT Analysis
9.4 STAR Financial Bank (STAR Financial Group, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 SWOT Analysis
9.5 Natwest Group plc
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.4.2 Product Launches and Product Expansions:
9.5.5 SWOT Analysis
9.6 Guaranty Trust Bank Limited
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.3 SWOT Analysis
9.7 StonehamBank
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 SWOT Analysis
9.8 U.S. Bank
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.8.3 SWOT Analysis
9.9 Cisco Systems, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.5.3 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Vidyard
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 Asia Pacific Video Banking Service Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Video Banking Service Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Video Banking Service Market
TABLE 4 Product Launches And Product Expansions– Video Banking Service Market
TABLE 5 Acquisition and Mergers– Video Banking Service Market
TABLE 6 Asia Pacific Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 7 Asia Pacific Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 8 Asia Pacific Banks Market, By Country, 2019 - 2022, USD Million
TABLE 9 Asia Pacific Banks Market, By Country, 2023 - 2030, USD Million
TABLE 10 Asia Pacific Credit Union Market, By Country, 2019 - 2022, USD Million
TABLE 11 Asia Pacific Credit Union Market, By Country, 2023 - 2030, USD Million
TABLE 12 Asia Pacific Others Market, By Country, 2019 - 2022, USD Million
TABLE 13 Asia Pacific Others Market, By Country, 2023 - 2030, USD Million
TABLE 14 Asia Pacific Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 15 Asia Pacific Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 16 Asia Pacific Solution Market, By Country, 2019 - 2022, USD Million
TABLE 17 Asia Pacific Solution Market, By Country, 2023 - 2030, USD Million
TABLE 18 Asia Pacific Services Market, By Country, 2019 - 2022, USD Million
TABLE 19 Asia Pacific Services Market, By Country, 2023 - 2030, USD Million
TABLE 20 Asia Pacific Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 21 Asia Pacific Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 22 Asia Pacific On-Premise Market, By Country, 2019 - 2022, USD Million
TABLE 23 Asia Pacific On-Premise Market, By Country, 2023 - 2030, USD Million
TABLE 24 Asia Pacific Cloud Market, By Country, 2019 - 2022, USD Million
TABLE 25 Asia Pacific Cloud Market, By Country, 2023 - 2030, USD Million
TABLE 26 Asia Pacific Video Banking Service Market, By Country, 2019 - 2022, USD Million
TABLE 27 Asia Pacific Video Banking Service Market, By Country, 2023 - 2030, USD Million
TABLE 28 China Video Banking Service Market, 2019 - 2022, USD Million
TABLE 29 China Video Banking Service Market, 2023 - 2030, USD Million
TABLE 30 China Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 31 China Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 32 China Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 33 China Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 34 China Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 35 China Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 36 Japan Video Banking Service Market, 2019 - 2022, USD Million
TABLE 37 Japan Video Banking Service Market, 2023 - 2030, USD Million
TABLE 38 Japan Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 39 Japan Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 40 Japan Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 41 Japan Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 42 Japan Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 43 Japan Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 44 India Video Banking Service Market, 2019 - 2022, USD Million
TABLE 45 India Video Banking Service Market, 2023 - 2030, USD Million
TABLE 46 India Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 47 India Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 48 India Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 49 India Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 50 India Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 51 India Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 52 South Korea Video Banking Service Market, 2019 - 2022, USD Million
TABLE 53 South Korea Video Banking Service Market, 2023 - 2030, USD Million
TABLE 54 South Korea Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 55 South Korea Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 56 South Korea Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 57 South Korea Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 58 South Korea Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 59 South Korea Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 60 Singapore Video Banking Service Market, 2019 - 2022, USD Million
TABLE 61 Singapore Video Banking Service Market, 2023 - 2030, USD Million
TABLE 62 Singapore Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 63 Singapore Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 64 Singapore Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 65 Singapore Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 66 Singapore Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 67 Singapore Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 68 Malaysia Video Banking Service Market, 2019 - 2022, USD Million
TABLE 69 Malaysia Video Banking Service Market, 2023 - 2030, USD Million
TABLE 70 Malaysia Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 71 Malaysia Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 72 Malaysia Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 73 Malaysia Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 74 Malaysia Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 75 Malaysia Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 76 Rest of Asia Pacific Video Banking Service Market, 2019 - 2022, USD Million
TABLE 77 Rest of Asia Pacific Video Banking Service Market, 2023 - 2030, USD Million
TABLE 78 Rest of Asia Pacific Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 79 Rest of Asia Pacific Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 80 Rest of Asia Pacific Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 81 Rest of Asia Pacific Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 82 Rest of Asia Pacific Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 83 Rest of Asia Pacific Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 84 Key Information – AU Small Finance Bank Limited
TABLE 85 Key Information – Barclays PLC
TABLE 86 Key Information – Glia Technologies Inc.
TABLE 87 Key Information – STAR Financial Bank
TABLE 88 Key Information – Natwest Group plc
TABLE 89 Key Information – Guaranty Trust Bank Limited
TABLE 90 Key Information – StonehamBank
TABLE 91 Key Information – U.S. Bank
TABLE 92 Key Information – Cisco Systems, Inc.
TABLE 93 Key Information – Vidyard
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Video Banking Service Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting video banking service market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Sep – 2023, Sep) Leading Players
FIG 7 Porter’s Five Forces Analysis - Video Banking Service Market
FIG 8 Asia Pacific Video Banking Service Market share, By Application, 2022
FIG 9 Asia Pacific Video Banking Service Market share, By Application, 2030
FIG 10 Asia Pacific Video Banking Service Market, By Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Video Banking Service Market share, By Component, 2022
FIG 12 Asia Pacific Video Banking Service Market share, By Component, 2030
FIG 13 Asia Pacific Video Banking Service Market, By Component, 2019 - 2030, USD Million
FIG 14 Asia Pacific Video Banking Service Market share, By Deployment Mode, 2022
FIG 15 Asia Pacific Video Banking Service Market share, By Deployment Mode, 2030
FIG 16 Asia Pacific Video Banking Service Market, By Deployment Mode, 2019 - 2030, USD Million
FIG 17 Asia Pacific Video Banking Service Market share, By Country, 2022
FIG 18 Asia Pacific Video Banking Service Market share, By Country, 2030
FIG 19 Asia Pacific Video Banking Service Market, By Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: AU Small Finance Bank Limited
FIG 21 SWOT Analysis: AU Small Finance Bank Limited
FIG 22 Recent strategies and developments: Barclays PLC
FIG 23 SWOT Analysis: Barclays PLC
FIG 24 SWOT Analysis: Glia Technologies Inc
FIG 25 SWOT Analysis: STAR Financial Bank
FIG 26 Recent strategies and developments: NatWest Group Plc
FIG 27 SWOT Analysis: NatWest Group Plc
FIG 28 SWOT Analysis: Guaranty Trust Bank Limited
FIG 29 SWOT Analysis: StonehamBank
FIG 30 SWOT Analysis: U.S. Bank
FIG 31 Recent strategies and developments: CISCO SYSTEMS, INC.
FIG 32 SWOT Analysis: Cisco Systems, Inc.
FIG 33 SWOT Analysis: Vidyard