Global Banking Industry
In the global banking industry,part of the broadfinancial services market,bank credit represents the leading market segment,with around 60% of the overall market in terms of value.The EU is the largest regional market,with over 57% of the global market.
The economic recession that began in 2008 resulted in the crash of several financial institutions,which in turn led to the examination of practices and deployment of new guidelines in the banking industry.The sector is beginning to rebound,and cross-border investment is one area contributing to recovery,with a few large banks dominating certain national markets.Advantages of cross-border practices include economies of scale,though institutions must compete with established domestic banks.
Key Market Segments
Regional Market Share
In the US banking sector,market growth will be driven by cross-border expansion due to the breaking down of obstacles to cross-border investment.Competition between international banks is also forecast to fuel market growth along with the introduction of new products,reduction of costs and launch of new services.
Research from Global Industry Analysts shows that 澳门金莎平台游戏 and internet banking are becoming increasingly intertwined.This is largely due to the success of smartphones,which afford consumers convenient access to internet banking.The global 澳门金莎平台游戏 internet market will continue to drive the expansion of the 澳门金莎平台游戏 banking services sector.Financial institutions are responding by launching downloadable applications and encouraging consumers to bank online and through 澳门金莎平台游戏 devices by rolling out 澳门金莎平台游戏 and internet banking services.