- Community Development Bank,
- Private Banking,
- Public Banking,
- NBFCs
Retail Banking Market size was valued at USD 6,298.1 million in 2022 and is expected to grow at a significant CAGR of 10.2% from 2023 to 2029. The global market provides a detailed overview and that can be segmented by Bank Type and Service. By Bank Type, the Retail Banking market has been segmented into Community Development Bank, Private Banking, Public Banking, and NBFCs. The Community Development Bank segment is likely to be the largest and fastest-growing segment in terms of Bank Type. Based on service retail banking market is segmented into Transactional Accounts, Saving Accounts, Debit Cards, ATM Cards, Credit Cards, Mortgages, and Home Loan. Among these, The Transactional Account segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to Precision Business Insights.
Retail Banking Market Key Development:
In July 2016, NCR Corporation announced a strategic collaboration with Wells Fargo to drive Retail Banking innovation as well as dramatically invent new self-service new tech in Wells Fargo retail stores.
Retail Banking Market Summary
Study Period
2023-29
Base Year
2022
CAGR
10.2%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Retail Banking Market Dynamics
The increasing growing focus on customer connectivity and enhanced monitoring capabilities are expected to drive the Retail Banking Market over the predicted years. Also, the provision of quick access to credit provided by the retail banks expects a boost to the market in the coming years.
Retail Banking Market Regional Analysis
North-America Got Significant Share
By region, the North America market is expected to witness highest market share during the forecast period. North America as banks are highly focused on innovation in new products, delivery channels, and analytics to improve the efficiency of banks by developing a customer-centric business model and proactively managing risk, regulations, and capital.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Retail Banking Market Segmentation
By Bank Type
By Serives
- Transactional Account,
- Saving Account,
- Debit Cards,
- ATM Cards,
- Credit Cards,
- Mortgages,
- Home Loan
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America and
- Middle East and Africa
Frequently Asked Questions
The retail banking market is projected to expand at a CAGR of 10.2% during the forecast period.
The major players in the retail banking market are Bank of America, Barclays, BNP Paribas, China Construction Bank, Citigroup, Deutsche Bank, HSBC, ICBC, JPMorgan Chase, Mitsubishi UFJ Financial Group, Wells Fargo.
North America is the fastest-growing region for retail banking market
| 1. Executive Summary |
| 2. Global Retail Banking Market Introduction |
| 2.1. Global Retail Banking Market Taxonomy |
| 2.2. Global Retail Banking Market Definitions |
| 2.2.1. Bank Type |
| 2.2.2. Service |
| 3. Global Retail Banking Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Retail Banking Market Dynamic Factors - Impact Analysis |
| 3.6. Global Retail Banking Market – Competition Landscape |
| 4. Global Retail Banking Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Retail Banking Market, By Bank Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Community Development Bank |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Private Banking |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Public Banking |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. NBFCs |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Retail Banking Market, By Service, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Transactional Account |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Saving Account |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Debit Cards |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. ATM Cards |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Credit Cards |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Mortgages |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Home Loan |
| 6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global Retail Banking Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Retail Banking Market - Opportunity Analysis Index, By Bank Type, Service and Region, 2023 - 2029 |
| 8. North America Retail Banking MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. By Bank Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Community Development Bank |
| 8.1.2. Private Banking |
| 8.1.3. Public Banking |
| 8.1.4. NBFCs |
| 8.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Transactional Account |
| 8.2.2. Saving Account |
| 8.2.3. Debit Cards |
| 8.2.4. ATM Cards |
| 8.2.5. Credit Cards |
| 8.2.6. Mortgages |
| 8.2.7. Home Loan |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Retail Banking Market - Opportunity Analysis Index, By Bank Type, Service, and Country, 2023 - 2029 |
| 8.5. North America Retail Banking Market Dynamics – Trends |
| 9. Europe Retail Banking Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Bank Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Community Development Bank |
| 9.1.2. Private Banking |
| 9.1.3. Public Banking |
| 9.1.4. NBFCs |
| 9.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Transactional Account |
| 9.2.2. Saving Account |
| 9.2.3. Debit Cards |
| 9.2.4. ATM Cards |
| 9.2.5. Credit Cards |
| 9.2.6. Mortgages |
| 9.2.7. Home Loan |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Retail Banking Market - Opportunity Analysis Index, By Bank Type, Service, and Country, 2023 - 2029 |
| 9.5. Europe Retail Banking Market Dynamics – Trends |
| 10. Asia-Pacific Retail Banking Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Bank Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Community Development Bank |
| 10.1.2. Private Banking |
| 10.1.3. Public Banking |
| 10.1.4. NBFCs |
| 10.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Transactional Account |
| 10.2.2. Saving Account |
| 10.2.3. Debit Cards |
| 10.2.4. ATM Cards |
| 10.2.5. Credit Cards |
| 10.2.6. Mortgages |
| 10.2.7. Home Loan |
| 10.3. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Retail Banking Market - Opportunity Analysis Index, By Bank Type, Service, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Retail Banking Market Dynamics – Trends |
| 11. Latin America Retail Banking Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Bank Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Community Development Bank |
| 11.1.2. Private Banking |
| 11.1.3. Public Banking |
| 11.1.4. NBFCs |
| 11.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Transactional Account |
| 11.2.2. Saving Account |
| 11.2.3. Debit Cards |
| 11.2.4. ATM Cards |
| 11.2.5. Credit Cards |
| 11.2.6. Mortgages |
| 11.2.7. Home Loan |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Retail Banking Market - Opportunity Analysis Index, By Bank Type, Service, and Country, 2023 - 2029 |
| 11.5. Latin America Retail Banking Market Dynamics – Trends |
| 12. Middle East and Africa Retail Banking Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Bank Type Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Community Development Bank |
| 12.1.2. Private Banking |
| 12.1.3. Public Banking |
| 12.1.4. NBFCs |
| 12.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Transactional Account |
| 12.2.2. Saving Account |
| 12.2.3. Debit Cards |
| 12.2.4. ATM Cards |
| 12.2.5. Credit Cards |
| 12.2.6. Mortgages |
| 12.2.7. Home Loan |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Retail Banking Market - Opportunity Analysis Index, By Bank Type, Service, and Country, 2023 - 2029 |
| 12.5. MEA Retail Banking Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Bank of America |
| 13.2.2. Barclays |
| 13.2.3. BNP Paribas |
| 13.2.4. China Construction Bank |
| 13.2.5. Citigroup |
| 13.2.6. Deutsche Bank |
| 13.2.7. HSBC |
| 13.2.8. ICBC |
| 13.2.9. JPMorgan Chase |
| 13.2.10. Mitsubishi UFJ Financial Group |
| 13.2.11. Wells Fargo |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Bank of America
- Barclays
- BNP Paribas
- China Construction Bank
- Citigroup
- Deutsche Bank
- HSBC
- ICBC
- JPMorgan Chase
- Mitsubishi UFJ Financial Group
- Wells Fargo