Retail Banking Market to Hit $2,840.70 Billion by 2030

Grand View Research, Inc. - Seite 2

Another factor is the ongoing modification of business processes by retail banking companies to reduce operational costs. By streamlining operations and optimizing efficiency, banks can lower their expenses and potentially pass on cost savings to customers in the form of more competitive rates and fees. This cost-reduction strategy enhances the attractiveness of their products and services, driving the growth of the retail banking industry.

The COVID-19 pandemic highlighted the importance of remote banking services, pushing banks to improve their digital infrastructure and customer experience. As a result, customers who may have been hesitant to embrace digital banking before the pandemic became more comfortable and experienced the benefits of convenience, speed, and accessibility. This shift in customer behavior and the growing acceptance of digital banking services are expected to have a lasting positive impact on the growth trajectory of the retail banking industry.

Retail Banking Market Segmentation

Grand View Research has segmented the global retail banking market based on type, service, and region

Retail Banking Market - Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Public Sector Banks
• Private Sector Banks
• Foreign Banks
• Community Development Banks
• Non-banking Financial Companies (NBFC)

Retail Banking Market - Service Outlook (Revenue, USD Billion, 2017 - 2030)

• Saving and Checking Accounts
• Transactional Account
• Personal Loan
• Home Loan
• Mortgages
• Debit and Credit Cards
• ATM Cards
• Certificates of Deposits

Retail Banking Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

List of Key Players in the Retail Banking Market