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Key regions: United States, China, Japan, Brazil, United Kingdom
In Ireland, the Banking market has been experiencing significant developments and trends that are shaping the industry landscape.
Customer preferences: Customers in Ireland are increasingly seeking digital banking solutions, leading to a rise in online and mobile banking services. The convenience and accessibility of these digital platforms have become a top priority for customers, driving banks to invest more in technology to meet these preferences.
Trends in the market: One notable trend in the Irish Banking market is the growing competition among traditional banks and fintech companies. Fintech firms are disrupting the market with innovative products and services, forcing traditional banks to enhance their offerings to stay competitive. This trend is reshaping the industry and driving further digitalization.
Local special circumstances: Ireland's status as a global financial hub, particularly in the European Union, has attracted international banks to establish a presence in the country. This has created a unique competitive environment where local banks must compete not only with each other but also with international players. The presence of multinational corporations and a skilled workforce also contribute to the growth of the Banking market in Ireland.
Underlying macroeconomic factors: The stable economic growth and low unemployment rate in Ireland have contributed to a favorable environment for the Banking market. As the economy continues to expand, there is an increased demand for banking services to support businesses and individuals. Additionally, the regulatory framework in Ireland provides stability and confidence for both customers and financial institutions, further supporting the growth of the Banking market.
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)