Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1790208
PUBLISHER: Grand View Research | PRODUCT CODE: 1790208
Retail Banking Market Size, Share & Trends Analysis Report By Type, By Service, By Region, And Segment Forecasts, 2025 - 2033
PUBLISHED:
PAGES: 120 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Retail Banking Market Summary
The global retail banking market size was estimated at USD 2,039.25 billion in 2024, and is projected to reach USD 3,373.43 billion by 2033, growing at a CAGR of 5.8% from 2025 to 2033. The growth is driven by rapid technological advancements shaping the market's dynamics and growth potential. The progress in digital technologies has transformed the way customers interact with banks.
The rise of online and mobile banking has made banking services more accessible and convenient for customers, allowing them to conduct transactions, check balances, and access a wide range of services at their fingertips. Another significant driver is changing customer expectations. Customers nowadays expect personalized and tailored banking experiences. They demand seamless integration across various channels, including online, mobile, and physical branches. Banks that can adapt and provide a superior customer experience through personalized services, innovative products, and efficient processes are likely to thrive in the competitive market. Moreover, demographic shifts are impacting the retail banking industry. The growing middle class in emerging economies creates new opportunities for banks to create customer's banking requirements.
In addition, competition within the retail banking sector is intensifying. Traditional banks face competition from fintech startups and technology players entering the financial services space. These new players leverage technological innovations, such as deep learning and blockchain, to offer disruptive products and services. Traditional banks are focusing on embracing digital transformation, collaborating with fintech firms, or developing innovative solutions to stay competitive.
Regulatory changes also play a crucial role in shaping the retail banking landscape. Governments and regulatory bodies worldwide impose strict regulations to enhance consumer protection, ensure financial stability, and promote fair practices in the banking industry. Compliance with these regulations requires banks to invest in robust risk management systems, data protection measures, and regulatory reporting capabilities. Moreover, transparency, security, and ethical practices can gain a competitive advantage for the market players and foster long-term customer relationships, driving the market growth further.
However, the market growth is obstructed by the threat of increasing cybersecurity risks. As digitalization expands, banks face a growing number of cyber threats, including data breaches, identity theft, and fraudulent activities. These risks not only harm the customers but also damage the reputation of the banks. To overcome this challenge, banks need to prioritize cybersecurity measures and invest in robust systems to protect customer data. Implementing multi-factor authentication, encryption techniques, and continuous monitoring can help mitigate risks.
Global Retail Banking Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest Industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global retail banking market report based on type, service, and region.
- Type Outlook (Revenue, USD Million, 2021 - 2033)
- Public Sector Banks
- Private Sector Banks
- Foreign Banks
- Community Development Banks
- Non-banking Financial Companies (NBFC)
- Service Outlook (Revenue, USD Million, 2021 - 2033)
- Saving and Checking Account
- Transactional Account
- Personal Loan
- Home Loan
- Mortgages
- Debit and Credit Cards
- ATM Cards
- Certificates of Deposits
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- KSA
- UAE
- South Africa
Product Code: GVR-4-68040-074-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Retail Banking Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. End Use Challenge
- 3.3. Retail Banking Market Analysis Tools
- 3.3.1. End Use Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. End Use Analysis - Porter's
Chapter 4. Retail Banking Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Retail Banking Market: Type Movement Analysis, USD Million, 2024 & 2033
- 4.3. Public Sector Banks
- 4.3.1. Public Sector Banks Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Private Sector Banks
- 4.4.1. Private Sector Banks Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Foreign Banks
- 4.5.1. Foreign Banks Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6. Community Development Banks
- 4.6.1. Community Development Banks Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.7. Non-banking Financial Companies (NBFC)s
- 4.7.1. Non-banking Financial Companies (NBFC)s Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. Retail Banking Market: Service Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Retail Banking Market: Service Movement Analysis, USD Million, 2024 & 2033
- 5.3. Saving and Checking Account
- 5.3.1. Saving and Checking Account Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Transactional Account
- 5.4.1. Transactional Account Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. Personal Loan
- 5.5.1. Personal Loan Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.6. Home Loan
- 5.6.1. Home Loan Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.7. Mortgages
- 5.7.1. Mortgages Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.8. Debit and Credit Cards
- 5.8.1. Debit and Credit Cards Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.9. ATM Cards
- 5.9.1. ATM Cards Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.10. Certificates of Deposits
- 5.10.1. Certificates of Deposits Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. Retail Banking Market: Regional Estimates & Trend Analysis
- 6.1. Retail Banking Market Share, By Region, 2024 & 2033, USD Million
- 6.2. North America
- 6.2.1. North America Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD MILLION)
- 6.3.4. France
- 6.3.4.1. France Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Italy Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Japan Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.4. India
- 6.4.4.1. India Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.6. Australia
- 6.4.6.1. Australia Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6.2. UAE
- 6.6.2.1. UAE Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6.3. KSA
- 6.6.3.1. KSA Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Retail Banking Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. BNP Paribas
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Citigroup, Inc.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. HSBC Group
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. ICBC
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. JP Morgan Chase & Co.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. Bank of America Corporation
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Barclays
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. Wells Fargo
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Deutsche Bank AG
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Mitsubishi UFJ Financial Group, Inc.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.1. BNP Paribas
Product Code: GVR-4-68040-074-4
List of Tables
- Table 1 Global Retail Banking market size estimates & forecasts 2021 - 2033 (USD Million)
- Table 2 Global Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 3 Global Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 4 Global Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 5 Public Sector Banks Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 6 Private Sector Banks Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 7 Foreign banks Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 8 Community development banks Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 9 Non-Banking Financial Companies (NBFC) Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 10 Saving and Checking Account Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 11 Transactional Account Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 12 Personal loan Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 13 Home loan Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 14 Mortgages Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 15 Debit and credit cards Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 16 ATM cards Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 17 Certificates of deposits Retail Banking market, by region 2021 - 2033 (USD Million)
- Table 18 North America Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 19 North America Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 20 U.S. Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 21 U.S. Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 22 Mexico Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 23 Mexico Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 24 Canada Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 25 Canada Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 26 Europe Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 27 Europe Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 28 UK Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 29 UK Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 30 Germany Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 31 Germany Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 32 France Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 33 France Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 34 Italy Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 35 Italy Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 36 Asia Pacific Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 37 Asia Pacific Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 38 China Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 39 China Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 40 India Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 41 India Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 42 Japan Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 43 Japan Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 44 South Korea Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 45 South Korea Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 46 Australia Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 47 Australia Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 48 Latin America Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 49 Latin America Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 50 Brazil Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 51 Brazil Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 52 MEA Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 53 MEA Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 54 UAE Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 55 UAE Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 56 KSA Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 57 KSA Retail Banking market, by Service 2021 - 2033 (USD Million)
- Table 58 South Africa Retail Banking market, by Type 2021 - 2033 (USD Million)
- Table 59 South Africa Retail Banking market, by Service 2021 - 2033 (USD Million)
List of Figures
- Fig. 1 Retail Banking market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 Retail Banking market snapshot
- Fig. 10 Retail Banking market segment snapshot
- Fig. 11 Retail Banking market competitive landscape snapshot
- Fig. 12 Market driver relevance analysis (Current & future impact)
- Fig. 13 Market restraint relevance analysis (Current & future impact)
- Fig. 14 Market opportunity relevance analysis (Current & future impact)
- Fig. 15 Retail Banking market, Type outlook key takeaways (USD Million)
- Fig. 16 Retail Banking market, Type movement analysis 2024 & 2033 (USD Million)
- Fig. 17 Public Sector Banks market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 18 Private Sector Banks market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 19 Foreign banks market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 20 Community development banks market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 21 Non-Banking Financial Companies (NBFC) market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 22 Retail Banking market: Service outlook key takeaways (USD Million)
- Fig. 23 Retail Banking market: Service movement analysis 2024 & 2033 (USD Million)
- Fig. 24 Saving and Checking Account market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 25 Transactional Account market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 26 Personal loan market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 27 Home loan market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 28 Mortgages market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 29 Debit and credit cards market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 30 ATM cards market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 31 Certificates of deposits market revenue estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 32 Retail Banking market: End Use outlook key takeaways (USD Million)
- Fig. 33 Regional marketplace: Key takeaways
- Fig. 34 Retail Banking market: Regional outlook, 2024 & 2033 (USD Million)
- Fig. 35 North America Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 36 U.S. Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 37 Canada Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 38 Mexico Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 39 Europe Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 40 UK Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 41 Germany Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 42 France Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 43 Italy Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 44 Asia Pacific Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 45 China Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 46 Japan Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 47 India Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 48 Australia Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 49 South Korea Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 50 Latin America Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 51 Brazil Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 52 MEA Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 53 KSA Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 54 UAE Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 55 South Africa Retail Banking market estimates and forecasts, 2021 - 2033 (USD Million)
- Fig. 56 Strategy framework
- Fig. 57 Company Categorization
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.