Private Banking Market Report 2026

The private banking market size has grown strongly in recent years. It will grow from $505.61 billion in 2025 to $543.9 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing global HNWI population, rising demand for customized financial services, expansion of cross-border wealth management, growing importance of estate and succession planning, increased use of professional asset management.

The private banking market size is expected to see strong growth in the next few years. It will grow to $721.23 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing adoption of hybrid digital-private banking models, rising demand for alternative investments, expansion of wealth transfer planning services, growing focus on sustainable finance solutions, increasing regulatory sophistication in wealth management. Major trends in the forecast period include increasing adoption of digital wealth management platforms, rising demand for personalized investment advisory, growing integration of ai-driven portfolio analytics, expansion of sustainable and esg-focused investment offerings, enhanced focus on holistic wealth planning.

The increasing demand for private equity is expected to propel the growth of the private banking market going forward. Private equity refers to a form of investment in privately held companies that are not publicly traded on a stock exchange. The demand for private equity is driven by a combination of factors such as flexibility, innovative strategies making it an attractive option for both investors and companies seeking growth and strategic guidance. Private banking uses private equity as an investment option to achieve diversification, enhance returns, access exclusive opportunities, customize investment solutions, optimize their investment portfolios, and preserve wealth over the long term. For instance, in May 2024, according to reports published by the Invest Europe, a Belgium-based association representing Europe's private equity, venture capital and infrastructure sectors, in 2023, investments from European private equity and venture capital funds accounted for 0.44% of the European GDP. Therefore, the increasing demand for private equity is driving the growth of the private banking market.

Major companies operating in the private banking market are focusing on integrating innovative banking solutions such as regulated digital asset platforms to enhance investment diversification, security, and client access to emerging asset classes. Regulated digital asset platforms are compliant financial systems that enable private banks to offer secure buying, custody, and trading of digital assets within established regulatory frameworks, enabling capabilities such as institutional-grade custody, fiat-to-crypto transactions, and regulatory oversight. For instance, in March 2024, PKB Private Bank, a Switzerland-based private banking group, launched a regulated digital asset offering in partnership with Sygnum Bank, a Switzerland-based regulated digital asset banking group, designed to allow private banking clients to buy, hold, and trade major cryptocurrencies such as Bitcoin and Ethereum using fiat deposits, featuring institutional-grade custody, seamless fiat-to-digital asset conversion, and full regulatory compliance through Sygnum’s B2B platform. This regulated digital asset offering improves portfolio diversification, strengthens security and trust, and supports informed investment decision-making for private banking clients.

In September 2023, Delen Private Bank NV, a Belgium-based private bank, acquired Groenstate Vermogensbeheer BV. for an undisclosed amount. This acquisition will enhance Delen Private Bank's ambition to operate as a leading player in the Dutch private banking market with a local presence and an offering of wealth management and financial planning solutions. Groenstate Vermogensbeheer BV is a Netherlands-based asset management and wealth service company, provides various private banking services and investment advisory services.

Major companies operating in the private banking market are JPMorgan Chase & Co., Bank of America Corporation, Citigroup Inc., Santander Private Banking, HSBC Holdings plc, Wells Fargo & Co., Morgan Stanley Co. LLC, Royal Bank of Canada (RBC), BNP Paribas SA, Goldman Sachs Group Inc., Internationale Nederlanden Groep, UBS Group AG, Barclays plc, Societe Generale, Credit Agricole SA, Standard Chartered plc, PNC Financial Services Group Inc., Bank of New York Mellon, National Westminster Bank, Mizuho Financial Group Inc., DBS Bank Ltd., Commerzbank AG, Raiffeisen Bank International AG, ABN AMRO Bank N.V., Northern Trust Corporation, Hang Seng Bank Ltd.

North America was the largest region in the private banking market in 2025. The regions covered in the private banking market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the private banking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The private banking market includes revenues earned by entities by providing services such as wealth management, financial planning, tax advisory, estate planning, concierge services, and risk management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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