Financial Services Coverage

Financial Services Industry Overview

Emerging economies joining the insurance and lending game boost the revenues of the financial services industry
The financial industry is one of the most important parts of many of the world’s developed economies. The financial services industry as a whole is very important to the world economic growth. It is expected that by 2023, the financial services market will grow to $26.5 trillion, accounting for one-fourth of the gross-world product (GWP). The financial services industry benefits from additional investments made when the business cycle is on an upswing. Improved economic conditions usually also lead to more capital projects and increased personal investing.
The financial services market consists of sales of financial services by entities (organizations, sole traders and partnerships) that engage 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. Most firms come under multiple categories.
Financial Services Market Coverage
The Business Research Company covers 84 markets overall in the financial services market providing global market numbers, market growth, market-specific drivers and restraints, trends, and other market specific information. The financial services market is segmented in the following manner:
  • 1.Lending and Payments
    The lending and payments market consists of sales of lending and payments services by entities (organizations, sole traders and partnerships) that engage in lending and payments related activities such as lending, payments and money transfer services. The lending and payments industry is categorized on the basis of the business model of the firms present in the industry. Some firms might come under multiple categories.
    • 1.1.Lending
    • 1.2.Cards and Payments
  • 2.Insurance
    The insurance market consists of sales of insurance by entities (organizations, sole traders and partnerships) that engage in insurance and related activities such as underwriting (assuming the risk and assigning premiums) policies, brokerage and reinsurance. The insurance industry is categorized on the basis of the business model of the firms present in the industry. Some firms might come under multiple categories. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves.
    • 2.1.Insurance Providers
    • 2.2.Insurance Brokers and Agents
    • 2.3.Reinsurance Providers
  • 3.Investments
    The investment market consists of fees and commissions of investment management activities by entities (organizations, sole traders and partnerships) that manage investment related activities such as securities underwriting, stock brokerage and wealth management services. The investment industry is categorized on the basis of the business model of the firms present in the industry. Some firms might come under multiple categories.
    • 3.1.Wealth Management
    • 3.2.Securities Brokerages and Stock Exchanges
    • 3.3.Investment Banking
  • 4.Foreign Exchange Services
    The foreign exchange services market consists of sales revenues earned by entities (organizations, sole traders and partnerships) that provide currency exchange services.
How Can We Help?
The Business Research Company`s Financial Services Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the financial services industry. The financial services market research services and solutions The Business Research Company provides are as follows —
  • Financial Services Market Sizing, Forecast and Trend Analysis
  • Financial Services Market Competitor Analysis
  • Financial Services Market Supply Chain Analysis
  • Financial Services Market Customer Research
  • Financial Services Market Partner or Distribution Research
  • Financial Services Market Entry Strategy Research Study
  • Financial Services Industry Analysis and Profiling
  • Financial Services Market Regulations
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