Global Retail Banking Market to grow at a CAGR of 6.08% during the period 2016 - 2020; Finds New Report

Report forecast the global retail banking market to grow at a CAGR of 6.08% during the period 2016-2020.

Retail banking refers to the business conducted by financial institutions directly with customers. The services offered by retail banks includes savings and transactional accounts, debit cards, credit cards, personal loans, and mortgages. Retail banking is also considered as a mass market banking for individual customers who make use of local branches of larger commercial banks. The retail banking services offer banking provision to individuals and small businesses and deal with large number of low value transactions.

The report covers the present scenario and the growth prospects of the global retail banking market for 2016-2020. To calculate the market size, the following retail banking products have been taken into consideration: transactional accounts (checking accounts/current accounts), savings accounts, debit cards, automated teller machine (ATM) cards, credit cards, traveler's checks, mortgages, home equity loans, personal loans, and certificates of deposit or term deposits.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver for this market is quick access to credit for borrowers. Traditional banking institutions are trying to address the specific needs of potential clients to reduce the huge funding gap between large corporate and SMEs. For instance, in China there are separately regulated financial firms that are licensed to lend in small amounts to encourage credit access to the small and rural borrowers. This will bring in liquidity into the system, bringing in credit transformation.

Further, the report states that one challenge that could restrict market growth is the ability to manage risk.  Banks have to focus on a number of issues to protect themselves against fraud and unwanted litigation.

Global Retail Banking Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global retail banking market: BNP Paribas, Citigroup, HSBC, ICBC, and JPMorgan Chase.

Other Prominent Vendors in the market are: Bank of America, Barclays, China Construction Bank, Deutsche Bank, Mitsubishi UFJ Financial Group, and Wells Fargo.

Market driver

• Quicker access to credit
• For a full, detailed list, view our report

Market challenge

• Managing risks
• For a full, detailed list, view our report

Market trend

• Big data analytics
• For a full, detailed list, view our report 

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 87 pages and 39 Exhibit “Global Retail Banking Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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