Empowering Change: Unveiling the Dynamics of the Global Microfinance Landscape

Microfinance is a type of financial service provided to people looking to lend money to earn potentially high returns and borrowers who have no access to financial services such as banks or credit unions. Microfinance can be done to single microloans, and to diversify risk exposure, others invest across a portfolio of microloans. The services in the market are designed to become more affordable to poor and socially marginalized customers, households to have a wide variety of high-quality financial products and services, and to help them become self-sufficient.

According to the report published by Allied Market Research, the global microfinance market was estimated at $178.84 billion in 2020 and is expected to hit $496.90 billion by 2030, registering a CAGR of 10.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

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Increase in adoption of microfinance in the developing nations, shift from traditional lending to microfinance, and lesser operating costs & low market risks drive the growth of the global microfinance market. On the other hand, high interest on small amount and shorter repayment time impede the growth to some extent. However, adoption of advance technology in micro financing is expected to create lucrative opportunities in the sector.

COVID-19 Scenario

Revenue of the microfinance sector is more likely to remain under pressure even post lockdown, as social distancing norms are likely to continue, which discourages THE usage of mass transit systems.

However, on the other hand, decrease in physical banking among industry verticals is expected to boost the growth of the microfinance market to some extent, thereby giving a mixed impact to the market altogether.

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The global microfinance market is analyzed across provider, end-user, and region. Based on provider, the banks segment accounted for the major share in 2020, holding nearly half of the global market. The Micro Finance Institute (MFI) segment, however, would exhibit the fastest CAGR of 11.9% throughout the forecast period.

Based on end-user, the small enterprises segment generated the highest share in 2020, accounting for nearly three-fourths of the global market. The solo entrepreneurs or self-employed segment, on the other hand, would cite the fastest CAGR of 11.9% from 2021 to 2030.

Based on region, the market across Asia-Pacific held the lion's share in 2020, garnering around half of the global market. The same region is also expected to cite the fastest CAGR of 11.2% by the end of 2030. The other provinces studied in the report include North America, Europe, and LAMEA.

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The key market players analyzed in the global microfinance market report include Bank Rakyat Indonesia (BRI), Bandhan Bank, CDC Small Business Finance, Cashpor Micro Credit, Grameen America, Pacific Community Ventures Inc., Grameen Bank, Annapurna Finance (P) Ltd, Kiva, and Madura Microfinance Ltd. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Accelerating Dreams: A Comprehensive Overview of the Global Car Finance Market

Car financing includes a range of financial products that provide funds to customers to acquire a car without full payment through cash or lump pay. There are various financial products available in the car loan categories. These services are provided by financing companies or specialist car manufacturers. Furthermore, rise in global average price of a vehicle and increase in demand for vehicles are some of the factors that propel the car finance market growth. However, increase in alternatives to cars with rideshare services and massive growth in debts of borrowers are some of the factors that hamper the market growth.

Allied Market Research published a report, titled, "Car Finance Market by Distribution Channel (Banks, OEMs, Credit Unions, and Others), Vehicle Age (New Vehicles and Used Vehicles), Application (Personal and Commercial), and Purpose (Loans and Lease): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global car finances industry was pegged at $1.29 billion in 2019, and is expected to hit $2.33 billion by 2027, registering a CAGR of 14.3% from 2020 to 2027.

Drivers, restraints, and opportunities-

Rise in global average price of automobiles and increase in demand for vehicles fuel the growth of the global car finance market. On the other hand, emergence of rideshare services and surge in debts from various borrowers curtail down the growth to some extent. However, enactment of technologies in existing product lines and untapped potential of emerging economies are expected to create multiple opportunities for the key players in the industry.

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Covid-19 scenario-

The outbreak of the pandemic has resulted in sharp decline in consumer trends and preferences toward purchasing cars. Accordingly, the global car finance market has been considerably affected. However, the overall situation is gradually being ameliorated across the world and the market is expected to get back to its position soon.
At the same time, it's worth mentioning that people across the world have started preferring private way of transportation over selecting public transport which, in turn, has provided the market with a mixed effect.
The banks segment to lead the trail by 2027-

Based on distribution channel, the banks segment accounted for nearly two-fifths of the global car finance market share in 2019 and is anticipated to maintain the lion's share throughout the study period. The OEMs segment, on the other hand, would portray the fastest CAGR of 15.5% by 2027. This is attributed to the fact that banks tend to provide car financing at a discounted rate and they involve easier loan process as well as timely services.

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The new vehicles segment to dominate during the estimated period-

Based on vehicles age, the new vehicles segment contributed to more than half of the global car finance market revenue in 2019 and is expected to rule the roost during the forecast period. This is because consumers taking new cars via financing methods are provided with multiple features by the manufacturer, distributor or dealer having several tie-ups with other providers in the market. Simultaneously, the used vehicles would manifest the fastest CAGR of 14.6% from 2020 to 2027, owing to rise in demand for used cars with customized models, limited budget for availing car loans, and changing business preferences toward vehicles.

Asia-Pacific, followed by Europe and North America, to rule the roost-

Based on geography, Asia-Pacific, followed by Europe and North America, held the major share in 2019, garnering more than two-fifths of the global car finance market. The same region would also register the fastest CAGR of 15.4% by the end of 2027. This is due to rise in the number of middle class customers for buying new cars and increase in their disposable incomes.

𝑰𝒇 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒂𝒏𝒚 𝒔𝒑𝒆𝒄𝒊𝒂𝒍 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔, 𝒂𝒔𝒌 𝒇𝒐𝒓 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏𝒔: https://www.alliedmarketresearch.com/request-for-customization/4336?reqfor=covid

Frontrunners in the industry-

Bank of America Corporation
Ford Motor Company
Volkswagen Finance Private Limited.
Capital One
Daimler AG
General Motors Financial Company, Inc.
Ally Financial Inc.
Hitachi Capital Corporation
JPMorgan Chase & Co.
Toyota Financial Services

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Navigating the Dynamics: An In-depth Analysis of the U.S. Insurance Third-Party Administrator Market

Third-party administrator acts as an intermediary between the insurance company and policyholder to ensure cashless claims, and reimbursement claims are settled effectively. Increase in health insurance customers has accelerated the quantity of work and led to decrease in the quality of services. Therefore, third-party administrators are established to assist insurers to arrange for cashless treatments for customers demanding seamless claim settlements. In addition, third-party administrators scrutinize hospital bills and documents for their accuracy and help in the processing of the claim.

According to the report published by Allied Market Research, the U.S. Insurance Third Party Administrator market generated $156.08 million in 2020, and is projected to reach $243.26 million by 2030, witnessing a CAGR of 4.6% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝑪𝒐𝒑𝒚 𝒐𝒇 𝑹𝒆𝒑𝒐𝒓𝒕- https://www.alliedmarketresearch.com/request-sample/14904

Surge in adoption of third-party administration services in the health insurance industry and rise in need for operational efficiency & transparency in insurance business process drive the growth of the U.S. Insurance Third Party Administrator market. However, security issues and privacy concerns restrain the market to some extent. On the other hand, advancements in third-party administrator services presents new opportunities in the upcoming years.

COVID-19 scenario:

The outbreak of the COVID-19 pandemic positively impacted the U.S. Insurance Third Party Administrator market. This is due to rise in digital transformation trend in insurance and surge in demand for third-party administrator solutions that are hosted or managed on the cloud.

Moreover, to effectively handle high number of claims in U.S health insurance, insurance companies started investing in third-party administrator services.

The report offers detailed segmentation of the U.S. Insurance Third Party Administrator Industry based on enterprise type, end user, and service type.

Based on enterprise type, the large enterprises segment held the highest market share in 2020, holding nearly two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the SMEs segment is estimated to register the highest CAGR of 5.6% from 2021 to 2030.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐘𝐨𝐮𝐫 𝐄𝐯𝐞𝐫𝐲 𝐃𝐨𝐮𝐛𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/14904

Based on end user, the life & health insurance segment held the highest market share in 2020, holding nearly three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 5.0% from 2021 to 2030.

Based on service type, the claims management segment held the highest market share in 2020, holding more than two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the policy management segment is estimated to register the highest CAGR of 7.5% from 2021 to 2030.

Leading players of the U.S. Insurance Third Party Administrator market analyzed in the research include Charles Taylor, CORVEL, CRAWFORD & COMPANY, ESIS, ExlService Holdings, Inc., GALLAGHER BASSETT SERVICES, INC., Helmsman Management Services LLC, Meritain Health, SEDGWICK, and United HealthCare Services, Inc. .

𝐎𝐭𝐡𝐞𝐫 𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝗕𝗙𝗦𝗜 𝐃𝐨𝐦𝐚𝐢𝐧 -

Business Insurance Market

Cryptocurrency Market

Cryptocurrency Market : Latest Industry Trends, Trades, Supply, Demand, Prospects by 2031

 According to the report published by Allied Market Research, titled, “Cryptocurrency Market By Offering (Hardware [ASIC, GPU, FPGA, and Others] and Software), Process (Mining and Transaction), Type (Bitcoin [BTC], Ethereum [ETH], Tether [USDT], Binance Coin [BNB], Cardano [ADA], Ripple [XRP], and Others), and End User (Trading, Retail & E-commerce, Banking, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. As per the report, the global cryptocurrency market generated $1.49 billion in 2020 and is estimated to reach $4.94 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.

Major Determinants of Market Growth

An increase in demand for transparency in the payment system and a surge in the flow of remittances from foreign countries have boosted the growth of the global cryptocurrency market. However, a dearth of awareness regarding virtual currency hinders market growth. On the contrary, potential in the developing countries would open new opportunities in the future.

𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝑪𝒐𝒑𝒚 𝒐𝒇 𝑹𝒆𝒑𝒐𝒓𝒕-https://www.alliedmarketresearch.com/request-sample/2075

COVID-19 Outbreak:

The COVID-19 outbreak resulted in distorted business operations for receiving upgraded equipment & new hardware, which hampered the mining operations. This factor negatively affected the cryptocurrency market.
However, as the world is recovering from the pandemic, the market is expected to get back on track soon.
The Software Segment to Showcase the Highest CAGR Through 2030

Based on the offering, the software segment is expected to register the highest CAGR of 14.2% during the forecast period, as it enables to management of the massive volume of data being generated for meaningful insights and better-informed decisions. However, the hardware segment held the largest share in 2020, accounting for more than three-fourths of the global cryptocurrency market share in 2020. This is due to an increase in the need to enhance the efficiency of financial payment tools.

𝑰𝒇 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒂𝒏𝒚 𝒔𝒑𝒆𝒄𝒊𝒂𝒍 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔, 𝒂𝒔𝒌 𝒇𝒐𝒓 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏𝒔:https://www.alliedmarketresearch.com/request-for-customization/2075?reqfor=covid

The Transaction Segment to Register the Highest CAGR By 2030

Based on the process, the transaction segment is projected to manifest the highest CAGR of 14.6% during the forecast period, as cryptocurrency transaction allows users more autonomy over their own money than fiat currencies, and users can control their money without dealing with intermediary authority. However, the mining segment dominated in terms of revenue in 2020, accounting for nearly two-thirds of the global cryptocurrency market share in 2020, due to the fact that the process involves validating data blocks and adding transaction records to a public ledger known as blockchain.

Asia-Pacific, Followed By Europe and North America, Held the Largest Share

Based on region, Asia-Pacific, followed by Europe and North America, held the highest share in 2020, contributing to nearly half of the global cryptocurrency market. In addition, the segment would register the fastest CAGR of 14.5% from 2021 to 2030, due to the rise in a number of Bitcoin exchanges across Asia.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐘𝐨𝐮𝐫 𝐄𝐯𝐞𝐫𝐲 𝐃𝐨𝐮𝐛𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/2075

Key Players in the Industry

BitFury Group Limited
BTL Group Ltd.
Intel Corporation
Ledger SAS
NVIDIA Corporation
Coincheck Inc.
Ripple
Advanced Micro Devices Inc.
Xilinx Inc.
Xapo Holdings Limited

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Consumer Electronics Extended Market Technology, Key Manufacturers Report 2022-2030: Special Focus on USA, Europe, Japan Market

Consumer electronics extended warranty protection plan is a separate agreement purchase by consumers and are designed to provide additional protection for their products. Extended warranty, also known as service agreement or protection plan, provides coverage to increase the length of protection for consumer electronics. It provides coverage for multiple types of products & brands, ranging from appliances to electronics, wearables, computer equipment, mobile products, and others.

According to the report published by Allied Market Research, the global consumer electronics extended warranty market was estimated at $48.65 billion in 2020 and is expected to hit $198.99 billion by 2030, registering a CAGR of 15.2% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Increase in awareness for extended warranty and growth in sale of televisions, refrigerators, and washing machines boosts the global consumer electronics extended warranty market growth. On the other hand, decline in sales of PCs restrains the growth to some extent. However, expansion of products and services is expected to create lucrative opportunities in the industry.

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COVID-19 Scenario:

Due to lower income level of individuals and disrupted business operations during the pandemic, customers were mainly availing offers of warranty extension for products purchased from authorized offline and online platforms, which in turn impacted the global consumer electronics extended warranty market positively.
This trend is quite likely to persist post pandemic as well.
The global consumer electronics extended warranty market is analyzed across product type, distribution channel, coverage type, and region. Based on product type, the mobiles & tablets segment accounted for nearly one-third of the total market share in 2020, and is expected to rule the roost by 2030. The kitchen equipment segment, however, would garner the fastest CAGR of 18.0% throughout the forecast period.

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Based on distribution channel, the retailers segment contributed to around two-thirds of the total market revenue in 2020, and is projected to lead the trail by 2030. The same segment would also exhibit the fastest CAGR of 14.9% during the forecast period. Based on region, the market across North America held the major share in 2020, garnering around three-fifths of the global market. Asia-Pacific, on the other hand, would manifest the fastest CAGR of 19.1% throughout the forecast period.

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The key market players analyzed in the global consumer electronics extended warranty market report include AmTrust Financial, ASSURANT INC., Go Warranty & Services LLP, OneAssist Consumer Solutions Pvt. Ltd., Amazon.com Inc., OnPoint Warranty, Asurion, AXA, and Securranty. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Consumer Electronics Extended Warranty Market Report Highlights

By Product Type

Laptops & PCs
Mobiles & Tablets
Home Entertainment Devices
Heating & Cooling equipment
Kitchen equipment
Refrigerators
Kitchen Appliances
Others

By Distribution Channel

Manufacturers
Retailers
Others

By Coverage Type

Standard Protection Plan
Accidental Protection Plan

By Region

North America (U.S., Canada)
Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

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QR Codes Payment Market 2022: Expeditious Growth Expected in Coming Years | Allied Market Research

 According to the report published by Allied Market Research, the global QR codes payment market generated $8.07 billion in 2020, and is anticipated to reach $35.07 billion by 2030, manifesting a CAGR of 16.1% from 2021 to 2030. The report focuses on an in-depth analysis of the key drivers, restraints, and opportunities of the market with thorough impact.

A massive acceptance and use of QR code payment among merchants and buyers and increase in the use of smartphones along with faster internet connectivity have propelled the growth of the global QR codes payment market. However, rise in data breaches and security issues in QR codes payments affect the growth of the market. Contrarily, developing economies offer opportunities for QR code payment companies to extend their offerings on the ground of rise in middle-class population, rapid urbanization, increase in literacy level, and growth in presence of tech-savvy youth generation. These factors would open up new doors of opportunities.

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Covid-19 Scenario:

With the rapid spread of the Covid-19 across the world, the usage and adoption of a QR code payment system has been increased among consumers worldwide.
Sectors across the economy, including government and healthcare organizations, are relying on QR payment as it caters to the contactless-service norms.
The use of digital payment systems such as QR can be seen significantly growing among the population below 30 years old.
Banks and fintech industries are offering options of QR code payments to speed up their transaction processes and boost digitalized payments. Restaurants and diners are one of the biggest adopters of the QR code payment.
The report offers detailed segmentation of the global QR codes payment market based on offering, payment type, transaction channel, end-user, and region.

Based on offering, the solution segment accounted for the largest market share in 2020, contributing to more than two-thirds of the total share, and is expected to maintain its leading position during the forecast period. On the other hand, the service segment is anticipated to witness the highest CAGR of 18.0% from 2021 to 2030.

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Based on payment type, the push payment segment contributed to the largest share in 2020, accounting for more than three-fourths of the global QR codes payment market, and is expected to maintain the dominant position during the forecast period. However, the pull payment segment is estimated to manifest the highest CAGR of 18.4% throughout the forecast period.

Based on region, Asia Pacific contributed to the highest share in 2020, holding more than one-third of the total share, and is expected to portray the highest CAGR of 18.7% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

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Leading players of the global QR codes payment market that are analysed in the research include UnionPay International Co. Ltd., Barclays, LINE Pay Corporation, PayPal, Google, Revolut Ltd, Square, Inc., Alibaba.com, One97 Communications Limited (Paytm), and Tencent.

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Wealth Management Market : Latest Industry Trends, Trades, Supply, Demand, Prospects by 2030

 Rapid increase in need for alternative investments, emergence of FinTechs (Financial technology), and growing demand for wealth management products & services drive the growth of the global wealth management market. Wealth management provides wide range of offerings such as financial advice management, portfolio, accounting, trading management, performance management, risk & compliance management, reporting, and others. The demand for wealth management is growing exponentially due to several benefits such as helping in eliminating financial stress & creating financial plans primarily for high net worth individuals.

Allied Market Research published a report, titled, “Wealth Management Market By Business Model (Human Advisory, Robo Advisory, and Hybrid Advisory), Provider (FinTech Advisors, Banks, Traditional Wealth Managers, and Others), and End-user Type (Retail and High Net Worth Individuals (HNIs): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global wealth management industry was worth $1.25 trillion in 2020, and is expected to reach $3.43 trillion by 2030, manifesting a CAGR of 10.7% from 2021 to 2030.

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Prime Drivers of Growth

The rapid demand for alternative investments including private equity, commodities, hedge funds, real estate investment trusts (REITs), and intellectual property drives the growth of the global wealth management market. The emergence of FinTechs has disrupted the wealth management industry and benefits offered by wealth management such as reduced or eliminated financial stress & making financial plans, and digitization of offerings are contributing toward the market growth.

On the other hand, strict rules of the government for wealth management companies, lack of pricing transparency, and high fees are a few factors that limit the market growth. Technological advancements and untapped potential of emerging economies are opening doors of opportunities for the market.

Covid-19 Scenario

Owing to the economic slowdown, unpredictability in global financial sectors, and highly volatile economy, the wealth management market is impacted negatively. The demand for wealth management products is reduced.
The emergence of FinTechs is visible as wealth managers are increasingly investing in new technologies including robo-advisor, robotic process automation, artificial intelligence (AI), and digital identification (ID) technologies for boosting customer experience.
The Human Advisory Business Model will Maintain the Leading Position Throughout the Forecast Period

Based on business model, the human advisory segment held the highest market share in 2020, accounting for more than three-fourths of the global wealth management market, and is anticipated to lead throughout the forecast period. This lead is attributed to the fact that these advisors serve a changing client base in a variety of demographics and offer fluidity in the approach while managing wealth. However, the robo advisory segment is projected to manifest the highest CAGR of 26.4% from 2021 to 2030, owing to easy account setup, comprehensive education, robust goal planning, portfolio management, security features, account services, attentive customer service, and low fees.

The Traditional Wealth Managers Segment to Maintain the Leading Position during the Forecast Period

Based on provider, the traditional wealth manager segment accounted for the largest share in 2020, contributing to nearly two-thirds of the global wealth management market, and is anticipated to maintain its lead position throughout the forecast period. Traditional wealth manager offers convenience and reduces stress towards managing finances of the clients.

The core reason behind hiring a traditional wealth manager is clients’ expectation that the investment may lead to an increase in the net returns. However, the fintech advisors segment is expected to portray the largest CAGR of 16.8% from 2021 to 2030, owing to the efforts of fintech advisors to create a solid business plan and market strategy, advice on regulatory compliance that meets state and federal standards, and help in building credible relationships with banks, customers, and investors.

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North America to Maintain its Dominance by 2030

Based on region, North America held the highest market share in terms of revenue in 2020, accounting for more than half of the global wealth management market, and is expected to maintain its lead by 2030. This is due to the presence of a massive number of high net-worth individuals and increase in number of competitions among banks such as Morgan Stanley, UBS, and Bank of America Corporation to offer the maximum benefits to their clients. However, Asia-Pacific is projected to witness the fastest CAGR of 12.7% during the forecast period, owing to the several high net worth & ultra-high net worth individuals continuing to demand wealth management product lines in the region.

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Leading Market Players

Bank of America Corporation,
BNP Paribas,
Charles Schwab & Co., Inc.,
Citigroup Inc.,
CREDIT SUISSE GROUP AG,
Goldman Sachs,
JPMorgan Chase & Co.,
Julius Baer Group,
Morgan Stanley,
UBS

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