Global Community Banking Market 2024-2028
The community banking market is forecasted to grow by USD 247.1 bn during 2023-2028, accelerating at a CAGR of 5.96% during the forecast period. The report on the community banking market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in adoption of microlending in developing nations., adoption of advanced technology, and better rates and lower fees boosting market growth.
Technavio's community banking market is segmented as below:
- By Area
- Metropolitan
- Rural and micropolitan
- By Sector
- Small business
- CRE
- Agriculture
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rising adoption of digital platforms as one of the prime reasons driving the community banking market growth during the next few years. Also, increased investment propelling market growth and rapidly growing number of start-ups will lead to sizable demand in the market.
The report on the community banking market covers the following areas:
- Community banking market sizing
- Community banking market forecast
- Community banking market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading community banking market vendors that include Bay Community Bancorp, BCB Bank, Bendigo and Adelaide Bank Ltd., Beyond Bank Australia Ltd, Coastal Financial Corp., CSBS, Dime Community Bancshares inc., First Community Bankshares Inc., Fiserv Inc., Flint Community Bank, Holland and Knight LLP, HSBC Holdings Plc, JPMorgan Chase and Co., Morton Community Bank, PRIDE MICROFINANCE LTD., Sound Financial Bancorp Inc, Summit Community Bank, The Co-operative Bank Plc, West Central Georgia Bank, and Wintrust Financial Corp. Also, the community banking market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.