Retail Banking Market Report

Retail Banking Market Analysis, By Type, By Services, By Solutions, By Region, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR5908
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The global retail banking market is anticipated to grow at a CAGR of 6.5% over the forecast period owing to the enhanced monitoring capabilities and the provision of quick access to credit provided by the retail banks. Banks are increasingly focusing on enhancing the customer experience by providing better interest rates and increased customer connectivity.

Retail banking companies are working on modifying their business process so that the operational costs are reduced. This would further increase the expectations of the customers regarding different products and services. Retail banks require minimum marketing efforts in a demand-driven economy as retail deposits are stable in nature.

The global retail banking market has been segmented by type, service, by solution, and by region. On the basis of type, the retail banking market has been segmented into Public Sector Banks (PSBs), Private Sector Banks, and Foreign Banks. PSBs have a larger market share as they have established their goodwill in the market. These banks are anticipated to gain a larger market share over the coming years as they have stronger balance sheets, are more competitive, and have stronger governance.

On the basis of service, the global banking retail market has been further segmented into Savings and Checking Accounts, Personal Loans, Mortgages, Debit and Credit Cards, and Certificates of Deposit. Retail banks aim at becoming a one-stop-shop for financial services, offering as many services as possible.

On the basis of solution, the market has been segmented into hardware and software solutions. Automatic Teller Machines (ATMs) comprise hardware solutions for retail banking. They are widely used and have a strong customer base. Card processing, payment processing, electronic commerce solutions, and cheque processing are some of the standard software solutions offered by retail banks.

On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American region is expected to dominate the market 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.

The key players in the global retail banking market include Industrial and Commercial Bank of China, Barclays, HSBC Group, Bank of America Leasing & Capital, LLC, Deutsche Bank, Mitsubishi UFJ Financial Group, Citigroup, Inc., BNP Paribas Leasing Solution, JPMorgan Chase & Co., and China Construction Bank.

The major strategies adopted by the key players to expand their market reach comprise new product launches, partnerships, collaborations, R&D activities, mergers and acquisitions, agreements, and expansion. For instance, in February 2018, BNP Paribas Leasing Solutions announced the signing of a Memorandum of Understanding for the complete acquisition of Landkreditt Finans AS. Ongoing process developments and financial flexibility for investing in optimal strategies would propel the market growth.

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $4,950
Multi User (2-5) - $5,950
Enterprise Access - $7,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified