Private Banking Market Scope And Analysis

Report Code : TIPRE00039061
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Private Banking Market Analysis and Scope (2021 to 2022)

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Private Banking Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 481.30 Billion
Market Size by 2031	US$ 1031.71 Billion
Global CAGR (2023 - 2031)	10.0%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Type Asset Management Service Insurance Service Trust Service Tax Consulting Real Estate Consulting By Application Personal Enterprise
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	CREDIT SUISSE GROUP JPMorgan Chase Co Morgan Stanley Royal Bank of Canada UBS JuliusBaer Group Charles Schwab Co Citigroup Inc Goldman Sachs

The "Private Banking Market Analysis" was carried out based on type and application. On the basis of type, the market is segmented into asset management service, insurance service, trust service, tax consulting, and real estate consulting. Based on application, the private banking market is segmented into personal and enterprise. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Private Banking Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the private banking market. A few recent key market developments are listed below:

In July 2023, HSBC announced the launch of its global private banking (GPB) business in India to serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) professionals, entrepreneurs, and their families. The new business is aimed at clients with investable assets of more than USD 2 million. The launch also demonstrates the Bank’s commitment to lead wealth management in Asia by offering world-class wealth solutions, global private banking expertise, an extensive international network, and access to commercial banking and global banking & markets capabilities.

[Source: HSBC, Company Website]

In October 2022, HSBC Global Private Banking launched its business in the large Chinese cities of Chengdu and Hangzhou in a push to capture a bigger share of China's wealth market. The bank also planned to explore opportunities in China's Southwest region.

[Source: HSBC, Company Website]

Private Banking Market Report Coverage & Deliverables

The private banking market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Private Banking Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
Detailed company profiles.