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Commercial Banking Market to Accrue $7,404.4 Bn, Globally, by 2031 at 11.5% CAGR: Allied Market ResearchCommercial 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. PORTLAND, Ore., Sept. 20, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Commercial Banking Market by Products (Commercial Lending, Treasury Management, Project Finance, Syndicated Loans, Capital Market, Others), by Application (Healthcare, Construction, Transportation And Logistics, Media And Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." As per the report, the 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.  Download Free Sample Report (Get Detailed Analysis in PDF – 276+ Pages): https://www.alliedmarketresearch.com/request-sample/6549 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. 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. Covid-19 Scenario:
Interested to Procure the Data? Inquire here: https://www.alliedmarketresearch.com/purchase-enquiry/6549 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. Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/6549 Key Benefits for Stakeholders
Key Market Segments Products
Application
By Region
Major Market Players
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. Avenue Basic Plan | Library Access | 1 Year Subscription | Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan. Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter "We have also published few syndicated market studies in the similar area that might be of your interest. Below is the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market." Trending Reports in BFSI Industry (Book Now with 10% Discount + Covid-19 Scenario): Southeast Asia Commercial Banking Market size was valued at $3,063.41 million in 2021, and is projected to reach $16,341.98 million by 2031, growing at a CAGR of 18.3% from 2022 to 2031. Internet of Things (IoT) in Banking Market size was valued at $12.7 billion in 2021, and is projected to reach $237.4 billion by 2031, growing at a CAGR of 33.9% from 2022 to 2031. Banking-as-a-Service Market size was valued at $2.41 billion in 2020, and is projected to reach $11.34 billion by 2030, growing at a CAGR of 17.1% from 2021 to 2030. Online Banking Market size was valued at $11.43 billion in 2019 and is projected to reach $31.81 billion by 2027, growing at a CAGR of 13.6% from 2020 to 2027. Core Banking Solutions Market size was valued at $9,856.45 million in 2019, and is projected to reach $28,785.85 million by 2027, growing at a CAGR of 14.6% from 2020 to 2027. Neobanking Market - Opportunities and Forecasts, 2022-2029 Banking Service Market- Global Opportunity Analysis and Industry Forecast, 2019-2026 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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