DUBLIN, June 2, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Retail Banking Market 2016-2020" report to their offering.
The report forecasts the global retail banking market to grow at a CAGR of 6.08% during the period 2016-2020.
The report 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.
An important trend that will propel market growth is the use of big data analytics. Many top retail banks are focusing on expense management to increase the profit margin of their business. This is possible by upgrades and integration of technology. Many retail banks are shifting their focus from stand-alone technology projects to an environment where there is continuous technological improvement. They enter into M&A and joint ventures to reduce the costs and enable smooth integration in data mining and organizational resources. It is important that the top retail banking vendors formulate strategies to attract different customer segments. This could be possible only through multiple distribution and communication channels. Many top retail banking vendors are also making use of the cost-effective solutions in infrastructure, communication, and analytics.
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.
- BNP Paribas
- JPMorgan Chase
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/zzt6sx/global_retail
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SOURCE Research and Markets