Banking Consulting Services Market

Published Feb 15, 2025

Length 261 Pages

SKU # ALMR20275355

Description

The global banking consulting services market was valued at $20.1 billion in 2023 and is projected to reach $37.5 billion by 2033, growing at a CAGR of 6.3% from 2024 to 2033.

As banks face rise in competition and changing customer expectations, they need expert advice to boost efficiency, optimize operations, and embrace new technologies. The push for digital transformation is a major factor, as banks aim to update their services, improve customer experiences, and incorporate emerging technologies like AI and blockchain. In addition, regulatory changes and increase in need for compliance have led banks to turn to consultants to help them navigate complex legal systems and manage risks effectively. The shift toward digital banking and use of advanced analytics are also major trends driving the market growth. Banks are also focusing on strengthening cybersecurity and creating innovative financial products to stay competitive. This has opened new opportunities for consultants to offer tailored solutions that address these evolving demands.

The banking consulting services industry is driven by rise in demand for strategic advice, process automation, and financial restructuring as markets evolve. In addition, growth of digital payment systems, rise in mergers and acquisitions, and increase in focus on ESG (Environmental, Social, and Governance) compliance are driving the demand for these services. The market is projected to expand as banks emphasize cost optimization, sustainable finance, and innovative business models. Financial institutions are seeking expert guidance on improving capital efficiency, adopting customer-focused banking models, and leveraging technology-driven financial solutions to stay resilient and grow in a more complex financial landscape.

In addition, growth of fintech companies and collaborations between traditional banks and technology providers create new opportunities for the expansion of the banking consulting services market. As banks adopt digital solutions and explore innovative business models, analyzing the banking consulting services market becomes crucial in steering these transformations and helping institutions stay competitive in a fast-evolving environment, thus fueling the growth of banking consulting services. For instance, in September 2024, Capgemini partnered with AutoRek, a financial controls and regulatory reporting firm, to become AutoRek's first strategic professional services and technology partner. This collaboration is aimed to position AutoRek at the forefront of regulatory changes and reporting requirements, with Capgemini providing expert support for solution implementation.

Segment Review:

The banking consulting services market is segmented into service, enterprise size, end user, and region. By service, it is classified into operation consulting, strategy consulting, technology consulting, financial advisory consulting, and others. By enterprise size, it is segmented into large enterprises and SMEs. By end-user, it is analyzed into corporate and commercial banking, investment banking, retail banking, and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings:

By service, the operation consulting segment led the banking consulting services industry in terms of revenue in 2023.

By enterprise size, the large enterprises segment accounted for the highest banking consulting services market share in 2023.

By end users, the retail banking segment accounted for the highest banking consulting services share in 2023.

By region, North America generated the highest revenue in 2023.

Competition Analysis:

The market players operating in the banking consulting services market are 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. and Alvarez & Marsal Holdings, LLC. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, among others which help to drive the growth of the banking consulting services market size globally.

Key Market 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
Key Market Players
KPMG
McKinsey & Company
Oliver Wyman Inc.
Booz Allen Hamilton
IBM Corporation
Capgemini
Ernst & Young
Wipro Ltd.
PwC
Tata Consultancy Services Ltd.
Infosys Limited
Bain & Company, Inc.
Alvarez & Marsal Holdings, LLC
Accenture
Boston Consulting Group
Roland Berger
FIS Global
CGI Inc.
Kearney
Deloitte Touche Tohmatsu LimitedThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.

CHAPTER 1: INTRODUCTION: 1.1. Report description; 1.2. Key market segments; 1.3. Key benefits to the stakeholders; 1.4. Research methodology; 1.4.1. Primary research; 1.4.2. Secondary research; 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY: 2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW: 3.1. Market definition and scope; 3.2. Key findings; 3.2.1. Top impacting factors; 3.2.2. Top investment pockets; 3.3. Porter’s five forces analysis; 3.3.1. Low bargaining power of suppliers; 3.3.2. Low threat of new entrants; 3.3.3. Low threat of substitutes; 3.3.4. Low intensity of rivalry; 3.3.5. Low bargaining power of buyers; 3.4. Market dynamics; 3.4.1. Drivers; 3.4.1.1. Demand for enhanced digital banking experiences and personalized financial services; 3.4.1.2. Increase in complexity of banking operations & IT systems; 3.4.2. Restraints; 3.4.2.1. Expensive digital transformation; 3.4.2.2. Data security and privacy concerns; 3.4.3. Opportunities; 3.4.3.1. Expansion of banking in emerging markets
CHAPTER 4: BANKING CONSULTING SERVICES MARKET, BY SERVICE: 4.1. Overview; 4.1.1. Market size and forecast; 4.2. Operation Consulting; 4.2.1. Key market trends, growth factors and opportunities; 4.2.2. Market size and forecast, by region; 4.2.3. Market share analysis by country; 4.3. Strategy Consulting; 4.3.1. Key market trends, growth factors and opportunities; 4.3.2. Market size and forecast, by region; 4.3.3. Market share analysis by country; 4.4. Technology Consulting; 4.4.1. Key market trends, growth factors and opportunities; 4.4.2. Market size and forecast, by region; 4.4.3. Market share analysis by country; 4.5. Financial Advisory Consulting; 4.5.1. Key market trends, growth factors and opportunities; 4.5.2. Market size and forecast, by region; 4.5.3. Market share analysis by country; 4.6. Others; 4.6.1. Key market trends, growth factors and opportunities; 4.6.2. Market size and forecast, by region; 4.6.3. Market share analysis by country
CHAPTER 5: BANKING CONSULTING SERVICES MARKET, BY ENTERPRISE SIZE: 5.1. Overview; 5.1.1. Market size and forecast; 5.2. Large Enterprises; 5.2.1. Key market trends, growth factors and opportunities; 5.2.2. Market size and forecast, by region; 5.2.3. Market share analysis by country; 5.3. Small and Medium-sized Enterprises; 5.3.1. Key market trends, growth factors and opportunities; 5.3.2. Market size and forecast, by region; 5.3.3. Market share analysis by country
CHAPTER 6: BANKING CONSULTING SERVICES MARKET, BY END USERS: 6.1. Overview; 6.1.1. Market size and forecast; 6.2. Corporate and Commercial Banking; 6.2.1. Key market trends, growth factors and opportunities; 6.2.2. Market size and forecast, by region; 6.2.3. Market share analysis by country; 6.3. Investment Banking; 6.3.1. Key market trends, growth factors and opportunities; 6.3.2. Market size and forecast, by region; 6.3.3. Market share analysis by country; 6.4. Retail Banking; 6.4.1. Key market trends, growth factors and opportunities; 6.4.2. Market size and forecast, by region; 6.4.3. Market share analysis by country; 6.5. Others; 6.5.1. Key market trends, growth factors and opportunities; 6.5.2. Market size and forecast, by region; 6.5.3. Market share analysis by country
CHAPTER 7: BANKING CONSULTING SERVICES MARKET, BY REGION: 7.1. Overview; 7.1.1. Market size and forecast By Region; 7.2. North America; 7.2.1. Key market trends, growth factors and opportunities; 7.2.2. Market size and forecast, by Service; 7.2.3. Market size and forecast, by Enterprise Size; 7.2.4. Market size and forecast, by End Users; 7.2.5. Market size and forecast, by country; 7.2.5.1. U.S.; 7.2.5.1.1. Market size and forecast, by Service; 7.2.5.1.2. Market size and forecast, by Enterprise Size; 7.2.5.1.3. Market size and forecast, by End Users; 7.2.5.2. Canada; 7.2.5.2.1. Market size and forecast, by Service; 7.2.5.2.2. Market size and forecast, by Enterprise Size; 7.2.5.2.3. Market size and forecast, by End Users; 7.3. Europe; 7.3.1. Key market trends, growth factors and opportunities; 7.3.2. Market size and forecast, by Service; 7.3.3. Market size and forecast, by Enterprise Size; 7.3.4. Market size and forecast, by End Users; 7.3.5. Market size and forecast, by country; 7.3.5.1. UK; 7.3.5.1.1. Market size and forecast, by Service; 7.3.5.1.2. Market size and forecast, by Enterprise Size; 7.3.5.1.3. Market size and forecast, by End Users; 7.3.5.2. Germany; 7.3.5.2.1. Market size and forecast, by Service; 7.3.5.2.2. Market size and forecast, by Enterprise Size; 7.3.5.2.3. Market size and forecast, by End Users; 7.3.5.3. France; 7.3.5.3.1. Market size and forecast, by Service; 7.3.5.3.2. Market size and forecast, by Enterprise Size; 7.3.5.3.3. Market size and forecast, by End Users; 7.3.5.4. Italy; 7.3.5.4.1. Market size and forecast, by Service; 7.3.5.4.2. Market size and forecast, by Enterprise Size; 7.3.5.4.3. Market size and forecast, by End Users; 7.3.5.5. Spain; 7.3.5.5.1. Market size and forecast, by Service; 7.3.5.5.2. Market size and forecast, by Enterprise Size; 7.3.5.5.3. Market size and forecast, by End Users; 7.3.5.6. Rest of Europe; 7.3.5.6.1. Market size and forecast, by Service; 7.3.5.6.2. Market size and forecast, by Enterprise Size; 7.3.5.6.3. Market size and forecast, by End Users; 7.4. Asia-Pacific; 7.4.1. Key market trends, growth factors and opportunities; 7.4.2. Market size and forecast, by Service; 7.4.3. Market size and forecast, by Enterprise Size; 7.4.4. Market size and forecast, by End Users; 7.4.5. Market size and forecast, by country; 7.4.5.1. China; 7.4.5.1.1. Market size and forecast, by Service; 7.4.5.1.2. Market size and forecast, by Enterprise Size; 7.4.5.1.3. Market size and forecast, by End Users; 7.4.5.2. Japan; 7.4.5.2.1. Market size and forecast, by Service; 7.4.5.2.2. Market size and forecast, by Enterprise Size; 7.4.5.2.3. Market size and forecast, by End Users; 7.4.5.3. India; 7.4.5.3.1. Market size and forecast, by Service; 7.4.5.3.2. Market size and forecast, by Enterprise Size; 7.4.5.3.3. Market size and forecast, by End Users; 7.4.5.4. Australia; 7.4.5.4.1. Market size and forecast, by Service; 7.4.5.4.2. Market size and forecast, by Enterprise Size; 7.4.5.4.3. Market size and forecast, by End Users; 7.4.5.5. South Korea; 7.4.5.5.1. Market size and forecast, by Service; 7.4.5.5.2. Market size and forecast, by Enterprise Size; 7.4.5.5.3. Market size and forecast, by End Users; 7.4.5.6. Rest of Asia-Pacific; 7.4.5.6.1. Market size and forecast, by Service; 7.4.5.6.2. Market size and forecast, by Enterprise Size; 7.4.5.6.3. Market size and forecast, by End Users; 7.5. LAMEA; 7.5.1. Key market trends, growth factors and opportunities; 7.5.2. Market size and forecast, by Service; 7.5.3. Market size and forecast, by Enterprise Size; 7.5.4. Market size and forecast, by End Users; 7.5.5. Market size and forecast, by country; 7.5.5.1. Latin America; 7.5.5.1.1. Market size and forecast, by Service; 7.5.5.1.2. Market size and forecast, by Enterprise Size; 7.5.5.1.3. Market size and forecast, by End Users; 7.5.5.2. Middle East; 7.5.5.2.1. Market size and forecast, by Service; 7.5.5.2.2. Market size and forecast, by Enterprise Size; 7.5.5.2.3. Market size and forecast, by End Users; 7.5.5.3. Africa; 7.5.5.3.1. Market size and forecast, by Service; 7.5.5.3.2. Market size and forecast, by Enterprise Size; 7.5.5.3.3. Market size and forecast, by End Users
CHAPTER 8: COMPETITIVE LANDSCAPE: 8.1. Introduction; 8.2. Top winning strategies; 8.3. Product mapping of top 10 player; 8.4. Competitive dashboard; 8.5. Competitive heatmap; 8.6. Top player positioning, 2023
CHAPTER 9: COMPANY PROFILES: 9.1. Accenture; 9.1.1. Company overview; 9.1.2. Key executives; 9.1.3. Company snapshot; 9.1.4. Operating business segments; 9.1.5. Product portfolio; 9.1.6. Business performance; 9.1.7. Key strategic moves and developments; 9.2. Deloitte Touche Tohmatsu Limited; 9.2.1. Company overview; 9.2.2. Key executives; 9.2.3. Company snapshot; 9.2.4. Operating business segments; 9.2.5. Product portfolio; 9.3. Ernst & Young; 9.3.1. Company overview; 9.3.2. Key executives; 9.3.3. Company snapshot; 9.3.4. Operating business segments; 9.3.5. Product portfolio; 9.3.6. Key strategic moves and developments; 9.4. KPMG; 9.4.1. Company overview; 9.4.2. Key executives; 9.4.3. Company snapshot; 9.4.4. Operating business segments; 9.4.5. Product portfolio; 9.5. PwC; 9.5.1. Company overview; 9.5.2. Key executives; 9.5.3. Company snapshot; 9.5.4. Operating business segments; 9.5.5. Product portfolio; 9.5.6. Key strategic moves and developments; 9.6. McKinsey & Company; 9.6.1. Company overview; 9.6.2. Key executives; 9.6.3. Company snapshot; 9.6.4. Operating business segments; 9.6.5. Product portfolio; 9.6.6. Key strategic moves and developments; 9.7. Boston Consulting Group; 9.7.1. Company overview; 9.7.2. Key executives; 9.7.3. Company snapshot; 9.7.4. Operating business segments; 9.7.5. Product portfolio; 9.8. Bain & Company, Inc.; 9.8.1. Company overview; 9.8.2. Key executives; 9.8.3. Company snapshot; 9.8.4. Operating business segments; 9.8.5. Product portfolio; 9.8.6. Key strategic moves and developments; 9.9. Oliver Wyman Inc.; 9.9.1. Company overview; 9.9.2. Key executives; 9.9.3. Company snapshot; 9.9.4. Operating business segments; 9.9.5. Product portfolio; 9.9.6. Key strategic moves and developments; 9.10. Kearney; 9.10.1. Company overview; 9.10.2. Key executives; 9.10.3. Company snapshot; 9.10.4. Operating business segments; 9.10.5. Product portfolio; 9.11. Booz Allen Hamilton; 9.11.1. Company overview; 9.11.2. Key executives; 9.11.3. Company snapshot; 9.11.4. Operating business segments; 9.11.5. Product portfolio; 9.11.6. Business performance; 9.12. Roland Berger; 9.12.1. Company overview; 9.12.2. Key executives; 9.12.3. Company snapshot; 9.12.4. Operating business segments; 9.12.5. Product portfolio; 9.12.6. Key strategic moves and developments; 9.13. IBM Corporation; 9.13.1. Company overview; 9.13.2. Key executives; 9.13.3. Company snapshot; 9.13.4. Operating business segments; 9.13.5. Product portfolio; 9.13.6. Business performance; 9.13.7. Key strategic moves and developments; 9.14. Capgemini; 9.14.1. Company overview; 9.14.2. Key executives; 9.14.3. Company snapshot; 9.14.4. Operating business segments; 9.14.5. Product portfolio; 9.14.6. Business performance; 9.14.7. Key strategic moves and developments; 9.15. CGI Inc.; 9.15.1. Company overview; 9.15.2. Key executives; 9.15.3. Company snapshot; 9.15.4. Operating business segments; 9.15.5. Product portfolio; 9.15.6. Business performance; 9.15.7. Key strategic moves and developments; 9.16. Infosys Limited; 9.16.1. Company overview; 9.16.2. Key executives; 9.16.3. Company snapshot; 9.16.4. Operating business segments; 9.16.5. Product portfolio; 9.16.6. Business performance; 9.16.7. Key strategic moves and developments; 9.17. Wipro Ltd.; 9.17.1. Company overview; 9.17.2. Key executives; 9.17.3. Company snapshot; 9.17.4. Operating business segments; 9.17.5. Product portfolio; 9.17.6. Business performance; 9.17.7. Key strategic moves and developments; 9.18. Tata Consultancy Services Ltd.; 9.18.1. Company overview; 9.18.2. Key executives; 9.18.3. Company snapshot; 9.18.4. Operating business segments; 9.18.5. Product portfolio; 9.18.6. Business performance; 9.18.7. Key strategic moves and developments; 9.19. FIS Global; 9.19.1. Company overview; 9.19.2. Key executives; 9.19.3. Company snapshot; 9.19.4. Operating business segments; 9.19.5. Product portfolio; 9.19.6. Business performance; 9.19.7. Key strategic moves and developments; 9.20. Alvarez & Marsal Holdings, LLC; 9.20.1. Company overview; 9.20.2. Key executives; 9.20.3. Company snapshot; 9.20.4. Operating business segments; 9.20.5. Product portfolio; 9.20.6. Key strategic moves and developments

Search Inside Report

Pricing

Currency Rates

Single User Online Download $4,335
Global Site License Online Download $7,261

How Do Licenses Work?

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.

Chat Now