Financial Services Global Market Briefing 2017

The financial services market comprises all establishments engaged in financial services related activities such as lending, investment management, insurance, brokerages, payments and transferring service. The financial services industry is categorized on the basis of the business model of the firms present in the industry. Majority of firms come under multiple categories.

The largest geographic markets by consumption in the financial services sector are Asia and the Americas. Asia was the largest geographic market in the financial services industry in 2016, accounting for nearly 38% of the global market. This can be attributed to demand for cheaper loans in countries such as China. The Americas was the second-largest geographic market, accounting for almost 38% of the global market.

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.

Financial Services Market Characteristics 4
Financial Services Market Historic 5
Financial Services Market Forecast 6
Financial Services Market Segmentation 7
Financial Services Market, Split by Segments, 2016, $ Billion 7
Lending and Payments 7
Insurance 7
Investment 7
Global Financial Services, Historic and Forecast, Split by Segment, 2012 – 2020 8
Financial Services Market Geography Split 9
Global Financial Services Markets Size, Split by Region, 2016 9
Global Financial Services Market, Historic and Forecast Growth, By Region, 2012 – 2020 11
Global Financial Services Market, Split by Country, 2016 12
Global Financial Services Market, Historic and Forecast Growth Rate, Split by Country, 2012 – 2020 14
Financial Services Market Competitors 16
Bank of America 17
Industrial and Commercial Bank of China 17
Agricultural Bank of China 18
Financial Services Market Key Mergers and Acquisitions 19
Financial Services Market Trends and Strategies 20
Appendix 22
Research Methodology 22
Definitions 23
Abbreviations 26
Currencies 26
The Business Research Company 26
Copyright and Disclaimer 26