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Key regions: United States, China, Japan, Brazil, United Kingdom
In Central & Western Europe, the Banking market is experiencing significant growth and development driven by various factors.
Customer preferences: Customers in Central & Western Europe are increasingly demanding more personalized and convenient banking services. This has led to a rise in digital banking solutions, such as mobile banking apps and online account management. Customers are also showing a preference for sustainable and socially responsible banking practices, influencing the development of green banking initiatives in the region.
Trends in the market: In Germany, traditional banks are facing stiff competition from digital-only banks, leading to a rise in partnerships and collaborations between the two. This trend is driven by the increasing popularity of online banking among tech-savvy German consumers. In France, the Banking market is seeing a shift towards open banking, with new regulations promoting competition and innovation in the sector. This has resulted in the emergence of fintech startups offering specialized banking services.
Local special circumstances: Switzerland, known for its strong banking sector, is facing challenges due to increased regulatory scrutiny and international pressure to improve transparency. Swiss banks are adapting by focusing on wealth management services and expanding their global presence. In Spain, the Banking market is recovering from the effects of the financial crisis, with banks restructuring their operations and enhancing digital capabilities to remain competitive in the market.
Underlying macroeconomic factors: The economic stability and growth in Central & Western Europe are driving investments in the Banking sector. Low interest rates set by the European Central Bank have encouraged borrowing and lending activities, boosting the overall performance of banks in the region. Additionally, the increasing integration of European financial markets is creating opportunities for cross-border banking services and collaborations, further fueling the growth of the Banking market in Central & Western Europe.
Data coverage:
Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.Additional Notes:
The market is updated twice per year in case market dynamics change.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)