Commercial Banking Global Market Report 2024

Description

Commercial banking is the sector of banking that offers a range of financial services to businesses and corporations. These services are aimed at meeting the financial needs of businesses, from small enterprises to large corporations. They assist in managing risk, facilitating trade, and promoting economic development through various financial products and services.

The primary types of products offered by commercial banking include syndicated loans, capital markets, commercial lending, treasury management, project finance, and more. Syndicated loans involve a group of lenders, usually banks, providing a large loan to a single borrower. Key functions of commercial banking encompass accepting deposits, advancing loans, creating credit, financing foreign trade, and providing agency services, among others. These services are utilized across various sectors, including construction, transportation and logistics, healthcare, media and entertainment, and others.

The commercial banking market research report is one of a series of new reports from The Business Research Company that provides commercial banking market statistics, including commercial banking industry global market size, regional shares, competitors with a commercial banking market share, detailed commercial banking market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial banking industry. This commercial banking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The commercial banking market size has grown rapidly in recent years. It will grow from $3,355.63 billion in 2023 to $3,841.58 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth during the historic period can be attributed to several factors such as the rise in global trade among countries, the increasing digitization of the banking sector, the growing threat of cyber-attacks and the need for enhanced cybersecurity measures, a heightened focus on environmental, social, and governance (ESG) criteria, and improved bank profitability.

The commercial banking market size is expected to see rapid growth in the next few years. It will grow to $6,650.25 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to several factors such as increasing economic stability and integration into global markets, a growing need for business loans and financial services, rising interest rates, a heightened demand for financial services, and the expansion of internet banking. Key trends in this period include technological advancements, such as the introduction of automated teller machines (ATMs), the application of artificial intelligence (AI) and machine learning to improve customer service, ongoing technological innovation, collaborations with fintech companies, and the integration of cloud technology.

The growing demand for financial services is expected to drive the expansion of the commercial banking market. Financial services encompass a wide range of activities related to managing money and facilitating transactions. This increased demand is driven by factors such as economic growth, evolving consumer expectations, and changes in the regulatory environment. Commercial banking plays a crucial role in the financial services sector by providing essential products and services to businesses, supporting economic growth, and enhancing financial stability. For example, in July 2024, YCharts, a US-based financial research platform, reported that US commercial banks' commercial and industrial loans grew from $2.493 trillion in January 2023 to $2.759 trillion in January 2024. This growth reflects the rising demand for financial services, which is fueling the commercial banking market's expansion.

Major players in the commercial banking sector are focusing on developing innovative fintech platforms to enhance their service offerings, boost operational efficiency, and deliver seamless digital banking experiences. Fintech platforms are digital solutions that use technology to offer financial services more efficiently and innovatively. For instance, in May 2024, FIS Global, a US-based financial services company, launched Atelio, a new fintech platform. Atelio provides advanced core banking, payments, and digital banking capabilities, allowing businesses to handle tasks such as deposit collection, money transfer, card issuance, invoicing, fraud prevention, cash flow forecasting, and customer behavior analysis.

In May 2021, TD Bank Group, a Canada-based banking and financial services provider, acquired Wells Fargo for an undisclosed amount. This acquisition supports TD Bank's strategy for growth and innovation, aiming to enhance customer satisfaction and expand market presence. Wells Fargo is a US-based financial services company offering a variety of solutions to businesses.

Major companies operating in the commercial banking market are JPMorgan Chase & Co., Bank Of America Corporation, Agriculture Bank Of China, Wells Fargo & Company, HSBC Holdings PLC, Citigroup Inc., BNP Paribas Group, Capital One Financial Corporation, Barclays Bank PLC, Standard Chartered PLC, The PNC Financial Services Group Inc., ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, Santander Bank N. A, RBL Bank Ltd., Credit Agricole S.A, China Investment Corporation, TD Bank N.A., First Busey Corporation

North America was the largest region in the commercial banking market in 2023. The regions covered in the commercial banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the commercial banking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The commercial banking market includes revenues earned by entities by providing merchant services, foreign exchange services, and investment banking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Commercial Banking Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on commercial banking market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for commercial banking ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The commercial banking market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Products: Syndicated Loans; Capital Market; Commercial Lending; Treasury Management; Project Finance; Other Products
2) By Function: Accepting Deposits; Advancing Loans; Credit Creation; Financing Foreign Trade; Agency Services; Other Functions
3) By Application: Construction; Transportation And Logistics; Healthcare; Media And Entertainment; Other Applications
Companies Mentioned: JPMorgan Chase & Co.; Bank Of America Corporation; Agriculture Bank Of China; Wells Fargo & Company; HSBC Holdings PLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19837

1. Executive Summary

2. Commercial Banking Market Characteristics

3. Commercial Banking Market Trends And Strategies

4. Commercial Banking Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Commercial Banking Market Size and Growth

5.1. Global Commercial Banking Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Commercial Banking Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Commercial Banking Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Commercial Banking Market Segmentation

6.1. Global Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Syndicated Loans
Capital Market
Commercial Lending
Treasury Management
Project Finance
Other Products
6.2. Global Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Accepting Deposits
Advancing Loans
Credit Creation
Financing Foreign Trade
Agency Services
Other Functions
6.3. Global Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Construction
Transportation And Logistics
Healthcare
Media And Entertainment
Other Applications

7. Commercial Banking Market Regional And Country Analysis

7.1. Global Commercial Banking Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Commercial Banking Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Commercial Banking Market

8.1. Asia-Pacific Commercial Banking Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Commercial Banking Market

9.1. China Commercial Banking Market Overview
9.2. China Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Commercial Banking Market

10.1. India Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Commercial Banking Market

11.1. Japan Commercial Banking Market Overview
11.2. Japan Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Commercial Banking Market

12.1. Australia Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Commercial Banking Market

13.1. Indonesia Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Commercial Banking Market

14.1. South Korea Commercial Banking Market Overview
14.2. South Korea Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Commercial Banking Market

15.1. Western Europe Commercial Banking Market Overview
15.2. Western Europe Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Commercial Banking Market

16.1. UK Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Commercial Banking Market

17.1. Germany Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Commercial Banking Market

18.1. France Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Commercial Banking Market

19.1. Italy Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Commercial Banking Market

20.1. Spain Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Commercial Banking Market

21.1. Eastern Europe Commercial Banking Market Overview
21.2. Eastern Europe Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Commercial Banking Market

22.1. Russia Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Commercial Banking Market

23.1. North America Commercial Banking Market Overview
23.2. North America Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Commercial Banking Market

24.1. USA Commercial Banking Market Overview
24.2. USA Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Commercial Banking Market

25.1. Canada Commercial Banking Market Overview
25.2. Canada Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Commercial Banking Market

26.1. South America Commercial Banking Market Overview
26.2. South America Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Commercial Banking Market

27.1. Brazil Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Commercial Banking Market

28.1. Middle East Commercial Banking Market Overview
28.2. Middle East Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Commercial Banking Market

29.1. Africa Commercial Banking Market Overview
29.2. Africa Commercial Banking Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Commercial Banking Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Commercial Banking Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Commercial Banking Market Competitive Landscape And Company Profiles

30.1. Commercial Banking Market Competitive Landscape
30.2. Commercial Banking Market Company Profiles
- 30.2.1. JPMorgan Chase & Co.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Bank Of America Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Agriculture Bank Of China
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Wells Fargo & Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. HSBC Holdings PLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Commercial Banking Market Other Major And Innovative Companies

31.1. Citigroup Inc.
31.2. BNP Paribas Group
31.3. Capital One Financial Corporation
31.4. Barclays Bank PLC
31.5. Standard Chartered PLC
31.6. The PNC Financial Services Group Inc.
31.7. ICICI Bank Limited
31.8. Axis Bank Limited
31.9. Kotak Mahindra Bank Limited
31.10. Santander Bank N. A
31.11. RBL Bank Ltd.
31.12. Credit Agricole S.A
31.13. China Investment Corporation
31.14. TD Bank N.A.
31.15. First Busey Corporation

32. Global Commercial Banking Market Competitive Benchmarking

33. Global Commercial Banking Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Commercial Banking Market

35. Commercial Banking Market Future Outlook and Potential Analysis

35.1 Commercial Banking Market In 2028 - Countries Offering Most New Opportunities
35.2 Commercial Banking Market In 2028 - Segments Offering Most New Opportunities
35.3 Commercial Banking Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer