Overview:

The global commercial banking market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Commercial banking involves financial institutions that offer services such as loans, checking accounts, savings accounts, and certificate of deposits to businesses and individuals. These financial institutions are known as commercial banks. These banks usually operate at physical locations, but now the number of completely online banks is growing. Traditionally said to be the backbone of banking, commercial banking plays a crucial role in economic growth as it generates liquidity, capital, and credit in the market.

Market Dynamics:

Continuously developing small and medium businesses across the globe is the main factor driving growth of the market. Furthermore, beneficial regulatory environment for maintaining a strong and flexible financial sector by supporting firms to have operational and financial strength is expected to support market growth.

However, disruptions in traditional banking operations caused by the emerging technologies such as block chain, quantum computing, and machine learning are likely to hamper growth of the target market. Nonetheless, adaptation according to changing expectations of client, workforce, fusion of technologies, and shift in business model by the commercial banks are expected to create lucrative opportunities for market growth.

Key Trends:

Major players in the market are engaged in the activities which are technologically driven. For example, integration of architecture which is API enabled, cloud-based technology, processes driven by data analytics, etc. Additionally, to keep up with client expectations of quicker and simpler services market players are collaborating with FinTech firms.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounts for the major revenue share in 2019, owing to the high availability of commercial lending driving bank’s revenue thereby supporting market growth in this region. The market in Asia Pacific is expected to register significant CAGR in during the forecast period owing to growing presence of leading banks in the region.

Scope of the Report:

Detailed Segmentation:

Global Commercial Banking Market, By Product Type:

• Industrial Loans
• Project Finance
• Syndicated Loans
• Leasing
• Foreign Trade Financing
• Bills of Exchange

Global Commercial Banking Market, By Services

• Personal Savings
• Payroll Services
• Merchant Services
• Certificates of Deposits
• Wire Transfers
• Others

Global Commercial Banking Market, By Mode of Facilities

• Online
• Offline

Key Players Covered:

Key players operating in the global market includes, Industrial and Commercial Bank of China Ltd., JPMorgan Chase & Co., Japan Post Holdings Co. Ltd., China Construction Bank Corp., Bank of America Corp., Agricultural Bank of China Ltd., Credit Agricole SA , Wells Fargo & Co. , Bank Of China Ltd., and Citigroup Inc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global commercial banking Market by product type, services, mode of facilities, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global commercial banking market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.