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GCC Fintech Neobanking Market Size | 2019-2032

GCC Fintech Neobanking Market Size and Forecast by Services, End Users, Industry, Transaction Types, Revenue Model, and Region: Statistics | 2019-2032

Report Format:     | Pages: 160+
Type: Niche Industry Monitor | ID: FIN44474  | Publication: Oct 2024  |  US$1,345  |  

GCC Fintech Neobanking Market Growth and Performance

  • The fintech neobanking market size in GCC increased to US$ 51.75 Billion in 2023, with a year-on-year growth rate of 27.8%.
  • By the end of 2032, the GCC fintech neobanking market is on track to achieve US$ 304.33 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 22.7% throughout the forecast period.
  • The deposit accounts segment is estimated to hold the largest market share of 57.0% and be valued at US$ 173.49 Billion in 2032.
  • In 2032, 71.9% of the total spending in the GCC fintech neobanking market is forecasted to come from Saudi Arabia.

GCC Fintech Neobanking Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Services

Deposit Accounts

Investment and Wealth Management

Insurance Services

End Users

Individual Consumers

SMEs

Medium-sized Enterprises

Large Enterprises

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Transaction Types

Business-to-Consumer (B2C)

Business-to-Business (B2B)

Consumer-to-Consumer (C2C)

Consumer-to-Business (C2B)

Revenue Model

Freemium Model

Interest Income

 

GCC Neobanking Industry: Country Coverage

 

Countries

GCC

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

         

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