Financial services industry projected to grow to $44,925.71 billion by 2028, driven by various factors.

From Globenewswire:

Stay ahead in the Financial Services industry with reports from The Business Research Company. Gain insights on market trends and growth drivers to make informed decisions and strategic plans. The financial services market is projected to grow to $44,925.71 billion by 2028, driven by factors like blockchain technology and digital banking services.

Insurance offers financial protection against damages, with the global market expected to reach $10,288.43 billion by 2028. Growth drivers include globalization, demographic changes, and expanded distribution channels. The insurance brokers market is also growing steadily, projected to reach $127.88 billion by 2028, fueled by factors such as rising healthcare costs and the increasing demand for pet insurance.

The lending market is expanding, driven by economic growth and increased consumer spending, projected to reach $15,283.24 billion by 2028. Impact investing is also on the rise, with the market expected to reach $1,061.14 billion by 2028, driven by increasing social and environmental awareness. Investment banking is growing, with the market expected to reach $194.05 billion by 2028 due to factors like industry consolidation and financial deregulation. Online trading platforms are seeing strong growth, projected to reach $15.58 billion by 2028, driven by digitalization and increased Internet penetration. Explore more industry reports from The Business Research Company today.



Read more at Globenewswire: 7 Key Markets In The Financial Services Industry: By The