(EMAILWIRE.COM, January 07, 2019 ) The Business Research Companys global financial services, covers the year-on-year growth of the global financial services historic and forecast growth. It also includes chapters on the financial services trends, geographical analysis, and competitive landscape.
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http://www.thebusinessresearchcompany.com/report/financial-services-global-market-report-2018
The global financial services market is forecast to grow at a CAGR (compound annual growth rate) of around 5 % to 2022.
Financial Services Trends:
The global payments industry has witnessed rapid increase in the adoption of EMV technology. This growth is driven by a higher level of data security offered by EMV chip and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards including debit, credit, charge and prepaid cards. The chip carries data of the cardholder and the account, which is protected using both hardware and software security measures.
UnitedHealth Group was the largest competitor in the financial services market in 2017 with 1% share of the market. UnitedHealth Group is a diversified health and well-being company based in Minnetonka, Minnesota, US. It was founded in 1977 and employs around 230,000 people globally.
The global financial services is primarily driven by economic growth and increasing demand for loans and insurance in developing countries such as Brazil, Russia, India and China.
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The global financial services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increasing demand for insurance and loans in manufacturing-based countries such as China and the US the global financial services is expected to increase in potential and scope. TBRCs report also covers the global financial services market report drivers and restraints in the market.
The global financial services market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global financial services report are United health Group, Industrial and Commercial Bank of China, AXA, Agricultural Bank of China, Bank of China
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