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Banking Consulting Services Market to Reach $37.5 billion, Globally, by 2033 at 6.3% CAGR: Allied Market Research

The banking consulting services market is expected to witness notable growth owing to an increase in demand for enhanced digital banking experiences and personalized financial services and a rise in the complexity of banking operations & IT systems.

/EIN News/ -- Wilmington, Delaware, March 17, 2025 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Banking Consulting Services Market by Service (Operation Consulting, Strategy Consulting, Technology Consulting, Financial Advisory Consulting, and Others), Enterprise Size (Large Enterprises, and Small and Medium-sized Enterprises), and End Users (Corporate and Commercial Banking, Investment Banking, Retail Banking, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the "banking consulting services market" was valued at $20.1 billion in 2023, and is estimated to reach $37.5 billion by 2033, growing at a CAGR of 6.3% from 2024 to 2033. 

Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A324270 

Prime Determinants of Growth  

Moreover, the expansion of digital banking in emerging markets is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high implementation costs and data security & privacy concerns in banking consulting services limit the growth of the banking consulting services market. 

Report Coverage & Details: 

Report Coverage  Details 
Forecast Period  2024–2033 
Base Year  2023 
Market Size in 2023  $20.1 billion 
Market Size in 2033  $37.5 billion  
CAGR   6.3% 
Segments Covered  Service, Enterprise Size, End-Users, and Region. 
Drivers  
  • Increase in demand for enhanced digital banking experience  
  • Rise in complexity of banking operations & IT systems 
Opportunities  The expansion of digital banking in emerging markets. 
Restraints 
  • High implementation costs  
  • Data security & privacy concerns  


Purchase This Comprehensive Report (PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3DsyacB 

The operation consulting segment accounted for the largest share in 2023. 

By service, the operation consulting segment accounted for the largest share in 2023, contributing for more than one-fifth of the market revenue, owing to the growing emphasis on efficiency, automation, and risk management amid digital transformation. Banks seek expert consulting to optimize processes and ensure compliance amid AI-driven operations and infrastructure demands, which is driving the segment growth. However, in the banking consulting services market, technology consulting is expected to attain the largest CAGR of 4.5% to 6.0% from 2023 to 2033 and is projected to maintain its lead position during the forecast period, owing to rapid digital transformation in the banking sector and increase in the focus on cybersecurity to protect against growing cyber threats and data breaches. 

The large enterprises segment accounted for the largest share in 2023 

By enterprise size, the large enterprises segment accounted for the largest share in 2023, contributing for more than three-fifths of the market revenue. Rise in demand for simplified corporate banking services and treasury management solutions is leading to increasing demand for consulting services in banking among large enterprises. However, small and medium-sized enterprises is expected to attain the largest CAGR of 6.0% to 9.5% from 2023 to 2033 and is projected to maintain its lead position during the forecast period, the increase in the need for supply chain finance, working capital optimisation, and digital invoicing solutions are prompting SMEs to seek banking consultancy services.  

The Retail Banking segment accounted for the largest share in 2023 

By end-users, the retail banking segment accounted for the largest share in 2023, contributing for more than one-third of the market revenue. The rise in demand for personalized banking has led to the use of data analytics and machine learning to improve customer insights and product offerings, driving growth in banking consulting services. However, corporate and commercial banking is expected to attain the largest CAGR of 3.7% to 5.0% from 2023 to 2033 and is projected to maintain its lead position during the forecast period. This is attributed to the growing complexity of financial operations, digital adoption, and the need for risk management solutions, increasing demand for banking consulting in corporate and commercial banking segment. 

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North America region to maintain its dominance by 2033 

By region, the North America segment held the highest market share in terms of revenue in 2023, contributing for less than two-fifths of the market revenue. This is due to the rise in demand for strategic advisory, regulatory compliance, and technology integration in banking operations. In addition, an increase in fintech collaborations, digital banking expansion, and a strong focus on risk management have further fueled the market growth in the region. However, Europe is expected to attain the largest CAGR of 6.5% to 8.0% from 2023 to 2033 and is projected to maintain its lead position during the forecast period, owing to an increase in cross-border transactions and regulatory complexities across EU nations, rise in regulatory reforms, and the rising adoption of fintech solutions.  

Leading Market Players: - 

  • Accenture 
  • KPMG 
  • McKinsey & Company 
  • Boston Consulting Group 
  • Bain & Company, Inc. 
  • Oliver Wyman Inc. 
  • Booz Allen Hamilton 
  • Roland Berger 
  • IBM Corporation 
  • Capgemini 
  • FIS Global 
  • Ernst & Young 
  • CGI Inc. 
  • PwC 
  • Kearney 
  • Tata Consultancy Services Ltd. 
  • Deloitte Touche Tohmatsu Limited 
  • Wipro Ltd 
  • Infosys Limited 
  • Alvarez & Marsal Holdings, LLC 

The report provides a detailed analysis of these key players in the banking consulting services market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Access Your Customized Sample Report & TOC Now: https://www.alliedmarketresearch.com/request-for-customization/A324270 

Banking Consulting Services Market Key Segments: 

By Service 

  • Operation Consulting 
  • Strategy Consulting 
  • Technology Consulting 
  • Financial Advisory Consulting 
  • Others 

By Enterprise Size 

  • Large Enterprises 
  • Small and Medium-sized Enterprises 

By End Users 

  • Retail Banking 
  • Others 
  • Corporate and Commercial Banking 
  • Investment Banking 

By Region 

  • North America (U.S., Canada) 
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe) 
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific) 
  • LAMEA (Latin America, Middle East, Africa) 

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About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" 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. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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