Mobile Banking Market 2020-2030 by Mobile Platform (Android, iOS, Windows), Business Type (C2B, C2C), Service, Technology, Deployment, End User, and Region: Trend Forecast and Growth Opportunity
- Report ID: 3478
- Date: Sep, 2021
- Pages: 177
- Category: BFSI
Global mobile banking market will reach $4,680.3 million by 2030, growing by 15.8% annually over 2020-2030 driven growing adoption of digital platforms and the increase in demand for personalization on banking amid COVID-19 epidemic.
Highlighted with 88 tables and 87 figures, this 177-page report “Global Mobile Banking Market 2020-2030 by Mobile Platform (Android, iOS, Windows), Business Type (C2B, C2C), Service, Technology, Deployment, End User, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global mobile banking market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.
The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global mobile banking market in every aspect of the classification from perspectives of Mobile Platform, Business Type, Service, Technology, Deployment, End User, and Region.
Based on Mobile Platform, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Android Based Platform
• iOS Based Platform
• Windows Based Platform
Based on Business Type, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Customer-to-Business (C2B)
• Customer-to-Customer (C2C)
• Other Business Types
Based on Service, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Account Management
• Transaction Functions
• Investment Service
• Banking Support
• Content services
Based on Technology, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Wireless Application Protocol (WAP)
• Standalone Mobile Application
• Short Messaging Service (SMS)
• Interactive Voice Response (IVR)
Based on Deployment, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• On-premise Banking
• Cloud Based Banking
Based on End User, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Individual
• Enterprise
• Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Platform, Business Type, and Service over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global mobile banking market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
American Express Company
Bank of America Corporation
BNP Paribas S.A.
Citigroup Inc.
Crédit Agricole Group
Econet Wireless
HSBC Holdings plc
JPMorgan Chase & Co.
Mitsubishi UFJ Financial Group, Inc.
MTN
Orange S.A
Safaricom
Société Générale S.A.
Tigo
Vodacom
Wells Fargo & Company
Zantel
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 26
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of Global Market by Mobile Platform 44
3.1 Market Overview by Mobile Platform 44
3.2 Android Based Platform 46
3.3 iOS Based Platform 47
3.4 Windows Based Platform 48
4 Segmentation of Global Market by Business Type 49
4.1 Market Overview by Business Type 49
4.2 Customer-to-Business (C2B) 51
4.3 Customer-to-Customer (C2C) 52
4.4 Other Business Types 53
5 Segmentation of Global Market by Service 54
5.1 Market Overview by Service 54
5.2 Account Management 56
5.3 Transaction Functions 57
5.4 Investment Service 58
5.5 Banking Support 59
5.6 Content services 60
6 Segmentation of Global Market by Technology 61
6.1 Market Overview by Technology 61
6.2 Wireless Application Protocol (WAP) 63
6.3 Standalone Mobile Application 65
6.4 Short Messaging Service (SMS) 66
6.5 Interactive Voice Response (IVR) 68
7 Segmentation of Global Market by Deployment 69
7.1 Market Overview by Deployment 69
7.2 On-premise Banking 71
7.3 Cloud Based Banking 72
8 Segmentation of Global Market by End User 73
8.1 Market Overview by End User 73
8.2 Individual 75
8.3 Enterprise 76
8.4 Other End Users 77
9 Segmentation of Global Market by Region 78
9.1 Geographic Market Overview 2019-2030 78
9.2 North America Market 2019-2030 by Country 82
9.2.1 Overview of North America Market 82
9.2.2 U.S. 86
9.2.3 Canada 90
9.2.4 Mexico 92
9.3 European Market 2019-2030 by Country 94
9.3.1 Overview of European Market 94
9.3.2 Germany 98
9.3.3 UK 100
9.3.4 France 102
9.3.5 Spain 104
9.3.6 Italy 106
9.3.7 Russia 108
9.3.8 Rest of European Market 110
9.4 Asia-Pacific Market 2019-2030 by Country 112
9.4.1 Overview of Asia-Pacific Market 112
9.4.2 Japan 116
9.4.3 China 119
9.4.4 Australia 121
9.4.5 India 123
9.4.6 South Korea 125
9.4.7 Rest of APAC Region 127
9.5 South America Market 2019-2030 by Country 129
9.5.1 Argentina 132
9.5.2 Brazil 134
9.5.3 Chile 136
9.5.4 Rest of South America Market 138
9.6 MEA Market 2019-2030 by Country 139
9.6.1 UAE 142
9.6.2 Saudi Arabia 144
9.6.3 South Africa 146
9.6.4 Other National Markets 148
10 Competitive Landscape 149
10.1 Overview of Key Vendors 149
10.2 New Product Launch, Partnership, Investment, and M&A 152
10.3 Company Profiles 153
American Express Company 153
Bank of America Corporation 155
BNP Paribas S.A. 156
Citigroup Inc. 157
Crédit Agricole Group 158
Econet Wireless 159
HSBC Holdings plc 160
JPMorgan Chase & Co. 161
Mitsubishi UFJ Financial Group, Inc. 162
MTN 163
Orange S.A 164
Safaricom 165
Société Générale S.A. 166
Tigo 167
Vodacom 168
Wells Fargo & Company 169
Zantel 170
11 Investing in Global Market: Risk Assessment and Management 171
11.1 Risk Evaluation of Global Market 171
11.2 Critical Success Factors (CSFs) 174
Related Reports and Products 177
List of Tables
Table 1. Snapshot of Global Mobile Banking Market, 2019-2030 20Table 2. Growth Rate of World Real GDP, 2017-2021 24
Table 3. World Smartphone Connections, Average Network Connection Speed for Smartphones and Tablets, 2019-2030 31
Table 4. World Mobile Data Traffic by Deployment Mode, 2019-2030, EB/year 32
Table 5. World Mobile Data Traffic by Device, 2019-2030, EB/year 32
Table 6. Main Product Trends and Market Opportunities in Global Mobile Banking Market 36
Table 7. Global Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 44
Table 8. Global Mobile Banking Market by Business Type, 2019-2030, $ mn 49
Table 9. Global Mobile Banking Market by Service, 2019-2030, $ mn 54
Table 10. Global Mobile Banking Market by Technology, 2019-2030, $ mn 61
Table 11. Global Mobile Banking Market by Deployment, 2019-2030, $ mn 69
Table 12. Global Mobile Banking Market by End User, 2019-2030, $ bn 73
Table 13. Global Mobile Banking Market by Region, 2019-2030, $ bn 79
Table 14. Leading National Mobile Banking Market, 2019 and 2030, $ bn 81
Table 15. North America Mobile Banking Market by Country, 2019-2030, $ bn 84
Table 16. U.S. Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 88
Table 17. U.S. Mobile Banking Market by Business Type, 2019-2030, $ mn 88
Table 18. U.S. Mobile Banking Market by Service, 2019-2030, $ mn 88
Table 19. Canada Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 91
Table 20. Canada Mobile Banking Market by Business Type, 2019-2030, $ mn 91
Table 21. Canada Mobile Banking Market by Service, 2019-2030, $ mn 91
Table 22. Mexico Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 93
Table 23. Mexico Mobile Banking Market by Business Type, 2019-2030, $ mn 93
Table 24. Mexico Mobile Banking Market by Service, 2019-2030, $ mn 93
Table 25. Europe Mobile Banking Market by Country, 2019-2030, $ bn 97
Table 26. Germany Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 99
Table 27. Germany Mobile Banking Market by Business Type, 2019-2030, $ mn 99
Table 28. Germany Mobile Banking Market by Service, 2019-2030, $ mn 99
Table 29. UK Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 101
Table 30. UK Mobile Banking Market by Business Type, 2019-2030, $ mn 101
Table 31. UK Mobile Banking Market by Service, 2019-2030, $ mn 101
Table 32. France Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 103
Table 33. France Mobile Banking Market by Business Type, 2019-2030, $ mn 103
Table 34. France Mobile Banking Market by Service, 2019-2030, $ mn 103
Table 35. Spain Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 105
Table 36. Spain Mobile Banking Market by Business Type, 2019-2030, $ mn 105
Table 37. Spain Mobile Banking Market by Service, 2019-2030, $ mn 105
Table 38. Italy Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 107
Table 39. Italy Mobile Banking Market by Business Type, 2019-2030, $ mn 107
Table 40. Italy Mobile Banking Market by Service, 2019-2030, $ mn 107
Table 41. Russia Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 109
Table 42. Russia Mobile Banking Market by Business Type, 2019-2030, $ mn 109
Table 43. Russia Mobile Banking Market by Service, 2019-2030, $ mn 109
Table 44. Mobile Banking Market in Rest of Europe by Country, 2019-2030, $ bn 111
Table 45. APAC Mobile Banking Market by Country, 2019-2030, $ bn 114
Table 46. Japan Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 118
Table 47. Japan Mobile Banking Market by Business Type, 2019-2030, $ mn 118
Table 48. Japan Mobile Banking Market by Service, 2019-2030, $ mn 118
Table 49. China Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 120
Table 50. China Mobile Banking Market by Business Type, 2019-2030, $ mn 120
Table 51. China Mobile Banking Market by Service, 2019-2030, $ mn 120
Table 52. Australia Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 122
Table 53. Australia Mobile Banking Market by Business Type, 2019-2030, $ mn 122
Table 54. Australia Mobile Banking Market by Service, 2019-2030, $ mn 122
Table 55. India Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 124
Table 56. India Mobile Banking Market by Business Type, 2019-2030, $ mn 124
Table 57. India Mobile Banking Market by Service, 2019-2030, $ mn 124
Table 58. South Korea Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 126
Table 59. South Korea Mobile Banking Market by Business Type, 2019-2030, $ mn 126
Table 60. South Korea Mobile Banking Market by Service, 2019-2030, $ mn 126
Table 61. Mobile Banking Market in Rest of APAC by Country, 2019-2030, $ bn 128
Table 62. South America Mobile Banking Market by Country, 2019-2030, $ bn 131
Table 63. Argentina Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 133
Table 64. Argentina Mobile Banking Market by Business Type, 2019-2030, $ mn 133
Table 65. Argentina Mobile Banking Market by Service, 2019-2030, $ mn 133
Table 66. Brazil Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 135
Table 67. Brazil Mobile Banking Market by Business Type, 2019-2030, $ mn 135
Table 68. Brazil Mobile Banking Market by Service, 2019-2030, $ mn 135
Table 69. Chile Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 137
Table 70. Chile Mobile Banking Market by Business Type, 2019-2030, $ mn 137
Table 71. Chile Mobile Banking Market by Service, 2019-2030, $ mn 137
Table 72. MEA Mobile Banking Market by Country, 2019-2030, $ bn 141
Table 73. UAE Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 143
Table 74. UAE Mobile Banking Market by Business Type, 2019-2030, $ mn 143
Table 75. UAE Mobile Banking Market by Service, 2019-2030, $ mn 143
Table 76. Saudi Arabia Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 145
Table 77. Saudi Arabia Mobile Banking Market by Business Type, 2019-2030, $ mn 145
Table 78. Saudi Arabia Mobile Banking Market by Service, 2019-2030, $ mn 145
Table 79. South Africa Mobile Banking Market by Mobile Platform, 2019-2030, $ mn 147
Table 80. South Africa Mobile Banking Market by Business Type, 2019-2030, $ mn 147
Table 81. South Africa Mobile Banking Market by Service, 2019-2030, $ mn 147
Table 82. American Express Company: Company Snapshot 153
Table 83. American Express Company: Business Segmentation 153
Table 84. American Express Company: Product Portfolio 154
Table 85. American Express Company: Revenue, 2016-2018, $ mn 154
Table 86. American Express Company: Recent Developments 154
Table 87. Risk Evaluation for Investing in Global Market, 2019-2030 172
Table 88. Critical Success Factors and Key Takeaways 175
List of Figures
Figure 1. Research Method Flow Chart 13Figure 2. Breakdown of Primary Research 15
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 19
Figure 5. Global Mobile Banking Market, 2019-2030, $ mn 22
Figure 6. Impact of COVID-19 on Business 26
Figure 7. Primary Drivers and Impact Factors of Global Mobile Banking Market 28
Figure 8. World 5G Traffic, 2019-2030, EB/year 31
Figure 9. Primary Restraints and Impact Factors of Global Mobile Banking Market 33
Figure 10. Investment Opportunity Analysis 37
Figure 11. Porter’s Fiver Forces Analysis of Global Mobile Banking Market 40
Figure 12. Breakdown of Global Mobile Banking Market by Mobile Platform, 2019-2030, % of Revenue 45
Figure 13. Global Addressable Market Cap in 2020-2030 by Mobile Platform, Value ($ mn) and Share (%) 45
Figure 14. Global Mobile Banking Market: Android Based Platform, 2019-2030, $ mn 46
Figure 15. Global Mobile Banking Market: iOS Based Platform, 2019-2030, $ mn 47
Figure 16. Global Mobile Banking Market: Windows Based Platform, 2019-2030, $ mn 48
Figure 17. Breakdown of Global Mobile Banking Market by Business Type, 2019-2030, % of Sales Revenue 50
Figure 18. Global Addressable Market Cap in 2020-2030 by Business Type, Value ($ mn) and Share (%) 50
Figure 19. Global Mobile Banking Market: Customer-to-Business (C2B), 2019-2030, $ mn 51
Figure 20. Global Mobile Banking Market: Customer-to-Customer (C2C), 2019-2030, $ mn 52
Figure 21. Global Mobile Banking Market: Other Business Types, 2019-2030, $ mn 53
Figure 22. Breakdown of Global Mobile Banking Market by Service, 2019-2030, % of Sales Revenue 55
Figure 23. Global Addressable Market Cap in 2020-2030 by Service, Value ($ mn) and Share (%) 55
Figure 24. Global Mobile Banking Market: Account Management, 2019-2030, $ mn 56
Figure 25. Global Mobile Banking Market: Transaction Functions, 2019-2030, $ mn 57
Figure 26. Global Mobile Banking Market: Investment Service, 2019-2030, $ mn 58
Figure 27. Global Mobile Banking Market: Banking Support, 2019-2030, $ mn 59
Figure 28. Global Mobile Banking Market: Content services, 2019-2030, $ mn 60
Figure 29. Breakdown of Global Mobile Banking Market by Technology, 2019-2030, % of Revenue 62
Figure 30. Global Addressable Market Cap in 2020-2030 by Technology, Value ($ mn) and Share (%) 62
Figure 31. Global Mobile Banking Market: Wireless Application Protocol (WAP), 2019-2030, $ mn 63
Figure 32. WAP Network Architecture for Mobile Applications 64
Figure 33. Global Mobile Banking Market: Standalone Mobile Application, 2019-2030, $ mn 65
Figure 34. Global Mobile Banking Market: Short Messaging Service (SMS), 2019-2030, $ mn 66
Figure 35. SMS Network Architecture 67
Figure 36. Global Mobile Banking Market: Interactive Voice Response (IVR), 2019-2030, $ mn 68
Figure 37. Breakdown of Global Mobile Banking Market by Deployment, 2019-2030, % of Revenue 70
Figure 38. Global Addressable Market Cap in 2020-2030 by Deployment, Value ($ mn) and Share (%) 70
Figure 39. Global Mobile Banking Market: On-premise Banking, 2019-2030, $ mn 71
Figure 40. Global Mobile Banking Market: Cloud Based Banking, 2019-2030, $ mn 72
Figure 41. Breakdown of Global Mobile Banking Market by End User, 2019-2030, % of Revenue 73
Figure 42. Global Addressable Market Cap in 2020-2030 by End User, Value ($ bn) and Share (%) 74
Figure 43. Global Mobile Banking Market: Individual, 2019-2030, $ bn 75
Figure 44. Global Mobile Banking Market: Enterprise, 2019-2030, $ bn 76
Figure 45. Global Mobile Banking Market: Other End Users, 2019-2030, $ bn 77
Figure 46. Global Market Snapshot by Region 78
Figure 47. Geographic Spread of Worldwide Mobile Banking Market, 2019-2030, % of Sales Revenue 79
Figure 48. Global Addressable Market Cap in 2020-2030 by Region, Value ($ bn) and Share (%) 80
Figure 49. North American Mobile Banking Market, 2019-2030, $ bn 83
Figure 50. Breakdown of North America Mobile Banking Market by Country, 2019 and 2030, % of Revenue 84
Figure 51. Contribution to North America 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 85
Figure 52. U.S. Mobile Banking Market, 2019-2030, $ bn 87
Figure 53. Canada Mobile Banking Market, 2019-2030, $ bn 90
Figure 54. Mobile Banking Market in Mexico, 2015-2030, $ bn 92
Figure 55. European Mobile Banking Market, 2019-2030, $ bn 95
Figure 56. Breakdown of European Mobile Banking Market by Country, 2019 and 2030, % of Revenue 96
Figure 57. Contribution to Europe 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 97
Figure 58. Mobile Banking Market in Germany, 2019-2030, $ bn 98
Figure 59. Mobile Banking Market in UK, 2019-2030, $ bn 100
Figure 60. Mobile Banking Market in France, 2019-2030, $ bn 102
Figure 61. Mobile Banking Market in Spain, 2019-2030, $ bn 104
Figure 62. Mobile Banking Market in Italy, 2019-2030, $ bn 106
Figure 63. Mobile Banking Market in Russia, 2019-2030, $ bn 108
Figure 64. Mobile Banking Market in Rest of Europe, 2019-2030, $ bn 110
Figure 65. Asia-Pacific Mobile Banking Market, 2019-2030, $ bn 113
Figure 66. Breakdown of APAC Mobile Banking Market by Country, 2019 and 2030, % of Revenue 113
Figure 67. Contribution to APAC 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 115
Figure 68. Mobile Banking Market in Japan, 2019-2030, $ bn 117
Figure 69. Mobile Banking Market in China, 2019-2030, $ bn 119
Figure 70. Mobile Banking Market in Australia, 2019-2030, $ bn 121
Figure 71. Mobile Banking Market in India, 2019-2030, $ bn 123
Figure 72. Mobile Banking Market in South Korea, 2019-2030, $ bn 125
Figure 73. Mobile Banking Market in Rest of APAC, 2019-2030, $ bn 127
Figure 74. South America Mobile Banking Market, 2019-2030, $ bn 130
Figure 75. Breakdown of South America Mobile Banking Market by Country, 2019 and 2030, % of Revenue 130
Figure 76. Contribution to South America 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 131
Figure 77. Mobile Banking Market in Argentina, 2019-2030, $ bn 132
Figure 78. Mobile Banking Market in Brazil, 2019-2030, $ bn 134
Figure 79. Mobile Banking Market in Chile, 2019-2030, $ bn 136
Figure 80. Mobile Banking Market in Rest of South America, 2019-2030, $ bn 138
Figure 81. Mobile Banking Market in Middle East and Africa (MEA), 2019-2030, $ bn 140
Figure 82. Breakdown of MEA Mobile Banking Market by Country, 2019 and 2030, % of Revenue 140
Figure 83. Contribution to MEA 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 141
Figure 84. Mobile Banking Market in UAE, 2019-2030, $ bn 142
Figure 85. Mobile Banking Market in Saudi Arabia, 2019-2030, $ bn 144
Figure 86. Mobile Banking Market in South Africa, 2019-2030, $ bn 146
Figure 87. Growth Stage of Global Mobile Banking Industry over the Forecast Period 149
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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