Finance and Insurance in the US
The Finance and Insurance sector has grown at a stable pace over the five years to 2018, as economic activity and consumer confidence rose steadily. The sector plays a vital role in facilitating necessary financial transactions between consumers, businesses and government agencies. As macroeconomic conditions have improved over the five years to 2018, financial activity has increased economy-wide. Consumers have felt more secure with their long-term financial stability, as disposable income levels increased. This has led consumers to increase their consumption of discretionary items through their credit or debit cards that require payment processing, all of which is provided by operators in this sector. Over the five years to 2023, the sector is expected to continue to grow at a gradual pace.
This sector comprises operators primarily engaged in financial transactions and in facilitating financial transactions. Three principal types of activities are identified, including raising funds by taking deposits, issuing securities and, in the process, incurring liabilities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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