Allied Market Research published a report on the commercial banking market. The research provides a clear picture of the market’s current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the commercial banking market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape, and other factors for the projected forecast period.
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global commercial banking industry was estimated at $2,540.3 billion in 2021, and is set to reach $7,404.4 billion by 2031, growing at a CAGR of 11.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Major Market Players
- Bank of America Corporation
- Bank of China (BOC)
- Barclays Bank PLC
- BNP Paribas
- China Construction Bank
- Citigroup Inc.
- HSBC Group
- J.P. Morgan Chase & Co.
- U.S. Bank
- Wells Fargo
The report analyzes these key players in the global commercial banking market. These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the market expansion.
Drivers, Restraints, and Opportunities
Commercial banks enable transactions through cheques, digital transfers & payments, and bank drafts. Moreover, commercial banks provide customers and small and mid-sized businesses. All these aspects drive the growth of the global commercial banking market. Furthermore, commercial banks play a key role in the economic growth of any nation and this also helps in enhancing production, employment, and consumer spending.
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This will create new growth opportunities for the global players as well as the global market. However, the risk of theft and fraud is one of the key factors that can limit the growth of the global market in the years ahead.
The project finance segment to dominate the global market in terms of revenue in 2031
Based on the products, the project finance segment is set to contribute to the highest market share in 2031, accounting for around one-fifth of the global commercial banking market share. The growth of the segment over the forecast period can be attributed to the ability of commercial banks in funding the projects of small as well as large enterprises. However, the commercial lending segment dominated the global market share in 2021. Furthermore, the report also includes other segments such as Commercial Lending, Treasury Management, Syndicated Loans, Capital Market, and Others.
The Healthcare segment to contribute a huge share of the global market by 2031
On basis of the application, the healthcare segment accounted for a major share of the global commercial banking market in 2021. The segment contributed nearly one-third of the overall share of the global market. Furthermore, the segment is likely to dominate the market growth even in 2031.
The growth of the segment over the forecast period can be credited to large-scale investments made by commercial banks in the healthcare sector. However, the transportation and logistics segment recorded the fastest CAGR of 14.2% during the forecast period. The segmental growth over the forecast period can be credited to the offering of various commercial banking services to transportation and logistics firms.
Asia-Pacific to retain global market domination over 2022-2031
By Region, Asia-Pacific is set to contribute notably toward the global commercial banking market share in 2031. The region is expected to account for around one-third of the global market share in 2031.
The growth of the market in the region over the forecast timespan can be credited to the rise in the acceptance of NFC and POS terminals in emerging economies of the region. Furthermore, rise in the mobile, and internet banking and the extension of facilities at ATMs are projected to improve operational efficiency. Furthermore, the Asia-Pacific commercial market is set to record the highest CAGR of 14.2% during 2022-2031. The report also analyses other regions such as North America, LAMEA, and Europe.
Key Market Segments
Products
- Syndicated Loans
- Capital Market
- Others
- Commercial Lending
- Treasury Management
- Project Finance
Application
- Healthcare
- Construction
- Transportation And Logistics
- Media And Entertainment
- Others
By Region
- North America (U.S., Canada)
- Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Singapore, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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Q.2 What are the key products or services offered in the market, and how do they compare to each other?
Q.3 What are the regulations and legal aspects affecting the market?
Q.4 Who are the main players in the market, and what is their market share?
Q.5 How do companies set their prices in the market, and what is the competitive landscape like?
Q.6 What are the potential future prospects and growth opportunities in the market?
Q.7 What are the current trends and factors driving the market? What challenges and opportunities exist?
Q.8 How much revenue, sales volume, or number of users/customers does the market have?
Q.9 How do companies promote and market their products/services in the market?
Q.10 What are the preferences and behaviors of customers in the market?
Q.11 What are the different segments of the market, and how are they expected to grow?
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