Retail Banking Market By Bank Type (Community Development Bank, Private Banking, Public Banking, NBFCs), By Service (Transactional Account, Saving Account, Debit Cards, ATM Cards, Credit Cards, Mortgages, Home Loan) and Geography

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Retail Banking Market size was valued at USD 6,298.1 million in 2023 and is expected to grow at a significant CAGR of 10.2% from 2024 to 2030. 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

2024-2030

Base Year

2023

CAGR

10.2%

Largest Market

North America

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 Segmentation

By Bank Type
  • Community Development Bank,
  • Private Banking,
  • Public Banking,
  • NBFCs
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 size was valued at USD 6,298.1 million in 2023

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

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • 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
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, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Community Development Bank
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. Transactional Account
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2024 - 2030
8. North America Retail Banking MarketAnalysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. By Bank Type Analysis 2019 - 2023 and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030by 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, 2024 - 2030
8.5. North America Retail Banking Market Dynamics – Trends
9. Europe Retail Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. By Bank Type Analysis 2019 - 2023 and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
9.5. Europe Retail Banking Market Dynamics – Trends
10. Asia-Pacific Retail Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. By Bank Type Analysis 2019 - 2023 and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 Analysis2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
10.5. Asia-Pacific Retail Banking Market Dynamics – Trends
11. Latin America Retail Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. By Bank Type Analysis 2019 - 2023 and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
11.5. Latin America Retail Banking Market Dynamics – Trends
12. Middle East and Africa Retail Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. By Bank Type Analysis 2019 - 2023 and Forecast 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
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

Adjacent Markets