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

Grand View Research, Inc. - Seite 3

• BNP Paribas
• Citigroup, Inc.
• HSBC Group
• ICBC
• JP Morgan Chase & Co.
• Bank of America Corporation
• Barclays
• China Construction Bank
• Deutsche Bank AG
• Mitsubishi UFJ Financial Group, Inc.
• Wells Fargo

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• Retail Core Banking Solution Market - The global retail core banking solution market size is expected to reach USD 9.21 billion by 2030, growing at a CAGR of 9.8% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. A number of technologies, including blockchain, chatbots, machine learning, artificial intelligence, data analytics, Robotic Process Automation (RPA), and cloud computing, have witnessed increased adoption in the banking sector. Additionally, by using core banking technologies, banks can effectively analyze their customer base while enabling their clients to do their typical banking operations. Therefore, to deliver more integrated & value-added services, numerous banks are introducing core banking technologies to update banking functionality. As a result, the growth of the retail core banking solution market is driven by banks' adoption and implementation of these solutions.
• Blockchain in Retail Banking Market - The global blockchain in retail banking market size is expected to reach USD 140.26 billion by 2030, advancing at a CAGR of 83.9% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rise in the fintech industry, the IT industry revolution, the rise in competition, and evolving customer expectations are some of the reasons that are driving the market growth. Retail banks are focusing on adopting digital transformation and advanced technologies to streamline their business process and customer offerings, which bodes well for the adoption of blockchain in retail banking.
• Open Banking Market - The global open banking market size is expected to reach USD 135.17 billion by 2030, growing at a CAGR of 27.2% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The global open banking market is expanding as a result of favorable government legislation, improved overall customer involvement made possible by open banking APIs, and an increase in the adoption of innovative applications and services. In addition, the relocation in the focus of retail banks toward consolidated technological enhancements also bodes well with the market's growth.

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