Global banking industry outlook report 2023, Global forecasts to 2027

The global banking industry is expected to witness significant growth during the forecast period of 2023-2027. The key drivers for the growth include increasing demand for digital banking services, increasing customer base due to increased economic activities, and technological advancements such as artificial intelligence (AI) and blockchain technology. In addition, the introduction of new regulations are expected to have a positive impact on the industry.

The banking industry is expected to witness an increase in the number of customers, driven by rising levels of disposable income and improved access to digital banking services, such as mobile and internet banking. Additionally, increased usage of smartphones and tablets will enable enhanced customer experience and convenient services through mobile applications. The emergence of AI and blockchain technology will also open up opportunities for the banking sector to offer innovative services.

The report contains market forecast figures till 2027 and provides a comprehensive overview of the industry’s competitive landscape. Factors such as mergers & acquisitions, strategic partnerships and collaborations are expected to significantly impact the industry growth. The global banking sector is likely to witness consolidation during the forecast period due to increased competition among players in order to gain market share.

In terms of regional analysis, the Asia Pacific banking market is expected to dominate the global banking industry and will continue to do so due to its large customer base, increasing economic activities, and the introduction of new regulations. On the other hand, North America and Europe are expected to witness stable growth during the forecast period.

The report provides detailed profiles of major companies operating in the global banking sector, including the Bank of America Corporation, JPMorgan Chase & Co., UBS Group AG and Goldman Sachs Group Inc. The report also provides a detailed analysis of their competitive positioning and product portfolios. Furthermore, the report offers insights into key strategies adopted by these players to gain an edge in the market.

Key Report Metrics

Research Methodology

The report provides an extensive research methodology to provide an in-depth market evaluation. The data is collected from various sources and analyzed through both qualitative and quantitative approaches, such as Porter’s Five Forces Model, consumer surveys, interviews with industry experts and secondary research. The results are also compared across leading players in the global banking sector.

The report is a must read for

• Investors and shareholders interested in the banking industry

• Industry analysts, consultants, marketers and stakeholders

• Banking sector investors

• Strategic business planners

• Government agencies for policy reviews and analysis

• Academicians and researchers for case studies and research papers