Financial Services Market to Grow at robust pace Worldwide | Development Factors and Investment Analysis
The financial services market consists of the revenues of financial or money related services by entities (organizations, sole traders and partnerships) that engage in financial services related activities such as lending, investment management, insurance, brokerages, payments and fund transfer services. The financial services industry is categorized on the basis of the business model of the firms present in the industry. Most firms offer multiple services. Revenues include fees, interest payments, commissions or transaction charges.
Western Europe was the largest region in the global financial services market, accounting for 34% of the market in 2018. North America was the second largest region accounting for 28% of the global financial services market. Africa was the smallest region accounting for 2% of the market.
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Non-cash payments are growing rapidly in many parts of the world. This is primarily due to increasing internet and mobile penetration in emerging countries, continued economic recovery and growing adoption of mobile-based payments in mature markets. The growth of non-cash payments is also driven by the global shift towards immediate payment schemes, which offer instant payments in real-time. According to the 2016 World Payments Report published by Capgemini, the global volume of non-cash payments reached approximately $380 billion in 2014, recording a near about 9% year-on-year growth.
Further the competitive landscape of the market is analyzed, including advanced companies that dominate the market. Major financial transactions that have shaped the market in recent years have been identified. The Trends and Strategies section highlights the market’s future development potential and suggests approaches that can be adopted by the enterprise for effective decision-making.
Some of the major players operating in the market are United health Group, Industrial and Commercial Bank of China, AXA, Agricultural Bank of China and Bank of China
Key Elements that the report acknowledges:
Market size and growth rate during forecast period.
Key factors driving the Financial Services market.
Key market trends cracking up the growth of the Financial Services market
Challenges to market growth.
Key vendors of Financial Services market.
Detailed SWOT analysis.
Opportunities and threats faces by the existing vendors in Global Financial Services market.
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.
Table of Contents
- Executive Summary
- Report Structure
- Financial Services Market Characteristics
- Financial Services Market Analysis
- Financial Services Market Supply Chain
- Financial Services Market Customer Information
- Financial Services Market Trends And Strategies
- Financial Services Market Size And Growth
- Financial Services Market Regional Analysis
- Financial Services Market Segmentation
- Financial Services Market Segments
- Financial Services Market Metrics
- Asia-Pacific Financial Services Market
- Western Europe Financial Services Market
- Eastern Europe Financial Services Market
- North America Financial Services Market
- South America Financial Services Market
- Middle East Financial Services Market
- Africa Financial Services Market
- Financial Services Market Competitive Landscape
- Key Mergers And Acquisitions In The Financial Services Market
- Copyright And Disclaimer
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