Posts Tagged ‘Report’
Talent Technology Releases State of Recruiting Report for 2012; The War for Skilled Talent is Here
Vancouver, BC (PRWEB) January 25, 2012
Talent Technology Corporation, providers of Talemetry, the leading talent generation solution for corporate HR and recruitment agencies announced today the results to their latest survey of recruitment professionals, releasing their annual State of Recruiting Survey Results and Infographic. Finding good candidates remains the #1 recruiting challenge for organizations; the more specific and higher skilled the job requirements, the harder to find qualified candidates.
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Couriers in China: IBISWorld Industry Research Report Now Updated
Los Angeles, CA (PRWEB) January 21, 2012
The Couriers industry is a relatively new business segment in China. In its modern form, it has existed for fewer than 20 years. Due to an increasingly dynamic domestic economy and improved transport infrastructure, this industry experienced impressive growth in the past decade, according to IBISWorld, America’s largest publisher of industry research.
In the five years to 2011, industry revenue is expected to increase at annualized rate of 26%. Much stronger industry growth than the overall economy indicates that the industry is in the growth stage of its life cycle. There are more than 3,900 enterprises operating in the industry, employing over 383,000 workers with a payroll of over $ 1.24 billion. The Couriers industry in China is less susceptible to economic cycles than some other industries.
The Couriers industry in China will benefit from bright and steady future growth in China’s economy, and the development of more niche markets. Demand growth from e-commerce activities is expected to be particularly strong.
As the industry grows and matures, growth is forecast to slow down slightly. Increased industry competition across China’s urban and rural markets will result in stagnant pricing levels. However, due to continued strong demand for the industry’s services and the largely underdeveloped markets in China’s western regions, this industry is still expected to produce relatively strong growth during the next five years. From 2011 to 2016, industry revenue is expected to increase at the annualized growth rate of 18.9% to total $ 29.53 billion in 2016.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorlds full report on the Couriers industry in China for $ 825 at ibisworld.com.
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Couriers in China Key Report Topics
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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The Global Baked Goods Market to Reach US$310.3 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
San Jose, CA (PRWEB) January 19, 2012
Follow Global Industry Analysts, Inc. on LinkedIn The baked goods sector; primarily including bread, scones, cakes, pastries, biscuits, cereals and others; is well entrenched and developed in the industrialized parts of world including North America and Western Europe. In these regions, focus on new innovations, functional and healthier products and ingredients is driving market growth. On the other hand, developing markets of Asia, Latin America and Middle East/Africa with their penchant for western eating habits are driving growth and development in the worldwide bakery products market. Bread and rolls continue to be the largest segments in the baked goods category and manufacturers have been innovating products to suit changing consumer needs and demands.
The bakery products industry is confronted with mixed responses, where health vies with pleasure. In affluent economies of the Western Europe and North America, the trend towards increased sales of healthy foods is paralleled by an increasing demand for indulgent, premium-priced bakery products, which include high-quality artisanal breads, coated/filled sweet biscuits, luxury breakfast cereals, and cakes and pastries. Changing consumer lifestyles also had a positive impact on the purchase of baked goods. There is increasing demand for trans-fat free and whole grain baked goods with creamy icing, more butter, and premium-quality chocolate spread in an effort to strike a reasonable balance between indulgence and health needs.
A major drift for baked goods claiming health and functional benefits was clearly visible, as consumers looked for products with natural, organic and low-carb health attributes. One such category was the gluten-free range that was especially designed keeping in mind the gluten-sensitive population. Many manufacturers are focusing on reformulating brands for eliminating trans fats and other undesirable products without compromising on taste, texture, shelf life and quality. Other health oriented baked goods formulations are All-natural products made from 100% natural ingredients and free from additives/preservatives and synthetic products. The unstoppable growth of the supermarket industry that drove the consumer purchasing practice also created the movement for health foods. In tandem, the therapeutic bakery products gained acceptance in Western and other European countries. These products are non-diabetic, gluten free, rich in fiber, low calorie, low sodium; and production of these would aid the expansion of bakery products. Innovations in packing procedures, re-sizing, smaller size packs and usage of cartoon characters also influenced purchase behavior. The young population in developing regions such as Asia, Eastern Europe, Africa, Latin America and the Middle East, show clear inclination towards adopting American-style eating habits, such as fast food and snacking.
Post economic recession, survival in the sector forced several bakery suppliers/manufacturers to restructure and realign business lines in order to stay afloat and remain competitive. With stagnating sales, rising raw material and operational costs the market settings changed. This affected the profit margins of companies, especially in North America. A factor to be reckoned with was the bakery products & confectionery were produced in small-scale businesses as also in households apart from the industries in metropolis. International players such as Philip Morris, Danone and Kellogg strengthened their presence in emerging markets such as Mexico, Turkey and China. Apart from the multinationals, several players specializing in artisanal/unpackaged products continue to remain a favorite among consumers.
The research report titled Baked Goods: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global baked goods industry, identifies major short to medium term market challenges, and growth drivers. The report also takes a peek into the changing retailing trends, pricing pressures, the regulatory environment, and outlines recent mergers, acquisitions, and strategic developments. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Mexico, Japan, Germany, UK, India, South Korea and Brazil among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit
http://www.strategyr.com/Baked_Goods_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Follow us on LinkedIn
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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GBP/USD: Trading The U.K. Jobless Claims Report – TheStreet.com
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GBP/USD: Trading The U.K. Jobless Claims Report
TheStreet.com However, should the development top market expectations, a positive jobless claims could spark a bullish reaction in the sterling, and we may see the BoE endorse a wait-and-see approach throughout the first-half of 2012 as policy makers anticipate the … |
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Global Greeting Cards Market to Reach US$30.4 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) January 17, 2012
Follow us on LinkedIn Greeting cards market is characterized by intense competition, cutting edge innovation, creativity, and consumer fickleness, with publishers facing tough challenge in keeping pace with customers ever changing lifestyles, attitudes, and communication needs. Greeting cards are slowly losing their sheen due to the emergence of newer technologies such as e-cards, smaller households, and the ability of people to make their own greeting cards. Consequently, growth as well as success of greeting cards in the future would depend on greeting card makers ability to offer innovative products. Rise of the Internet as a medium for socializing is also affecting the greeting cards market.
The global economic recession led to reduced sales of greeting cards during the period 2008-2010, due to factors such as reduced household wealth, lower discretionary spending, decreased consumer confidence and high unemployment. The unfavorable economic conditions also brought about a drastic change in consumer trends, as consumers either focused on lower prices and preferred bulk packs and less-expensive cards or did not send any card at all. The market staged a strong comeback in 2011 driven by resurgence in the global economy, and the subsequent rise in consumer spending. Future growth in the greeting cards market would be buoyed by the proliferation of modern cards and the emergence of new occasions, such as Kwanza, Eid festivals, Narood, Dia de la Raza, Holi, Chinese New Year, and the Black History Month, among others.
The US market for greeting cards, a relatively mature market, is witnessing sluggish growth due to declining birthrates, reducing average size of nuclear families and family network. Increase in personal interactions through the Internet is also resulting in lower growth opportunities for traditional greeting cards. Growing sophistication of convenient and cost effective alternatives such as e-cards is also hampering growth of traditional greeting cards. Consequently, publishers are beefing up their offerings to include cards for every gender, age group, occasion, ethnicity and relationship. Asia-Pacific is poised to witness the fastest growth in the greeting cards market, with Everyday cards and Seasonal cards emerging as the major segments. Trend towards urbanization and improving living standards are driving growth in the greeting cards market.
The growing environmental concerns are beginning to affect the greeting cards market. With eco-friendly products taking on a much serious contour, card publishers are finally waking up to the calls of the environment. Consumers world over are beginning to demand products that are environmentally green. As a result, recycled, environmentally safe, and handmade cards are increasingly finding favor among consumers, compelling manufacturers to research alternatives to traditional materials such as recycled paper and non-woven materials.
The research report titled Greeting Cards: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global greeting cards industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Japan, United Kingdom, Australia, India, Singapore, and Thailand, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit
http://www.strategyr.com/Greeting_Cards_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Follow us on LinkedIn
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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Global Credit Cards Circulation to Reach 2.7 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
January 16th, 2012 | 
Author:
San Jose, California (PRWEB) January 16, 2012
Follow us on LinkedIn Nothing was more daunting for the global credit cards market than the recent financial crisis which drove it into darkness for almost two years, beginning 2008. Although overall consumer spending shrank during the recession, the bigger problem to confront issuers was piling up of enormous amounts of bad debts. Customers could not make minimum payments due to continued unemployment leading to major losses for credit card companies and issuers. However, as global economies set into a state of recovery, more optimism is being witnessed in the approach of credit card issuers. Issuers are playing their cards safely and are being choosy about customers, eyeing only prime consumers, who spend more and who boast of stellar payment records. Innovation continues to be the key for finding success in the credit card market place where players compete fiercely for customers. Innovation in terms of offers, technological advancements and an attitude of always being alert and technically ready for leveraging new opportunities coming along go a long way in assuring continued success for credit card issuers. Some of the technological advancements that could shape the future of the industry, and which players in the market place are aggressively pursuing, are multifunction cards, contact less payments, and mobile payments.
Payment through phones is forecast to rise as a major trend over the coming years with rising popularity of smart phones. Wiggling out of the financial crisis, the market place has become more competitive than ever with players competing ever so fiercely for customers. Another factor making the market more intense is the fact that even though the negative impact of the crisis has almost come to an end, the borrowing power of credit card holders continues to be subdued mainly because of poor individual credit scores and tighter lending standards. However, even during the time of such an intense competition, customers are at the receiving end as interest rates continue to shoot upwards. The only respite here is for the first year of the account, credit card issuers are prohibited from making any hikes, as per the newly implemented regulations.
Over the next few years, accelerated growth is expected in the credit card markets of the emerging nations, driven by low penetration levels and rising middle class population and their household incomes. Most of these markets also exhibited resilience to the financial crisis of the recent years mainly because penetration levels were quite low to have any major impact. In the US, the CARD Act of 2009 seems to have had a mixed impact on the overall credit card industry. The caps imposed on late fees led to a drastic decline in credit card late fees. However, although the Act was successful in achieving its goal of making the credit card holder more aware of the cost of credit and protecting him against the unruly practices of issuing companies, the customer had to pay the price. On account of this forced transparency, the market in the US is now barely open for consumers with lower incomes and those with poor credit scorings. American Express, J.P.Morgan Chase, Bank of America and Citibank are the leading credit card issuers in the US.
The research report titled Credit Cards Issuing: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a birds eye view of the world credit card issuing market and identifies major trends, issues, challenges and growth drivers. Market discussions in the report are punctuated with a number of fact-rich market data tables. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of credit card issuers worldwide.
For more details about this comprehensive industry report, please visit
http://www.strategyr.com/Credit_Cards_Issuing_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Follow us on LinkedIn
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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Treasurys Turn Into Gains After Jobless Claims Report – Wall Street Journal
 Advisor.ca |
Treasurys Turn Into Gains After Jobless Claims Report
Wall Street Journal By Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Treasurys rocketed into gains early Thursday in New York after the US reported an unexpected rise in the number of workers filing for jobless benefits last week. The discouraging release halts … Treasury 30-Year Yields Rise From Week Low Before Auction Treasuries slip after weak 30-year bond sale Treasuries Close Lower After Disappointing 30-Year Bond Auction |
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Personal Computer Shipments Worldwide to Reach 417.2 Million Units by 2015, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) January 13, 2012
Follow us on LinkedIn The computer has come a long way since the mid 70s, from being a scientists toy to now becoming a critical productivity tool for businesses, and a full fledged infotainment device for public in general. Personal computers have enveloped every sphere of modern day activity with their sheer magnitude of multiple applications. However, the transitional phase in the computing industry was wrought with numerous technological innovations. PCs have transformed into a mainstream force, which has changed the way people conduct business. PCs, inclusive of notebook PCs, personal digital assistants, desktop PCs, tablet PCs, are now common tools of business and personal life.
Laptop and Notebook computers are the primary source of revenues for the world PC industry. Globally, notebook personal computers are increasingly outpacing desktop PCs in terms of features, computing power and price. Laptops consume up to 90 percent less energy in comparison to desktops PCs. With rising energy cost and the shrinking price difference between a desktop and laptop over the entire product lifecycle makes laptop a cost-effective solution than a desktop from a TCO (total cost of ownership) perspective. The growth of worldwide notebook computer shipments is being further fuelled by the increasing popularity of consumer models that are designed to cater to the need to be mobile and for personal customization.
Netbooks or mini notebooks are changing the way people think about the mobile broadband and Internet by enabling consumers to access photos, video, music, and much more, on-the-go. By combining the affordability of netbooks with cost-effective mobile broadband solutions, developers are bringing connectivity to the masses. As a result, netbook PCs will outpace sales of traditional notebook computers in volume terms. Gradually narrowing distinction between netbook PCs and notebook PCs, and cheaper price mean netbooks offer much greater variety and appeal to multiple demographics. Also, subsidies offered by telecommunication firms for signing mobile broadband contracts play a vital role in its uptake.
As consumers continue to embrace digital lifestyle, companies will create products that reflect the sophistication and mobility that is now a priority for enterprise and non-enterprise users alike. Portable computer systems will continue to shine in coming years as consumers continue to seek consumer electronic products they can use anywhere, anytime. An extreme example of this trend is introduction of Ultra-Mobile PCs (UMPC) that delivers comprehensive PC capability in ultra-light and small-form factors for on-the-move business users. Also, Mobile Internet Devices (MIDs) are expected to surface as a result of increased usage of Fixed Mobile Convergence (FMC). MIDs enable users to have data and high-quality voice capabilities for both professional and personal use resulting in rich Internet experience.
The personal computers industry is highly volatile and is characterized by strong competition, pricing pressures, changing customer preferences, rapid technological developments, competition from well-established high-tech and electronics companies and continuous disputes over intellectual property and antitrust. With a large number of competitors, the market is characterized by price pressures from competitors and price sensitiveness on part of the customers. Frequent product launches, changing industry standards, and high level of price competition in the PC market has resulted in short product life cycles and frequent reduction in selling prices. Manufacturers constantly face the risk of excessive inventories, due to the unpredictability of market conditions.
Asia-Pacific dominates the global market for personal computers and is forecast to grow at a healthy CAGR of 11.3% over the years 2010 through 2015. Driven by a strong performance in regional markets such as China, India and South Korea, Asia-Pacific is projected to be the fastest growing regional market for personal computers over the next few years. In the upcoming years, it is estimated that price reductions; growing usage of Internet across both non-professional as well as business communities worldwide; increased urbanization levels; literacy rate of adults; and population growth; will drive growth for PCs.
The research report titled Personal Computers (PCs): A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Canada Japan, Europe (France, Germany, Russia, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, India, Indonesia, South Korea, and Taiwan) Africa and Middle East (Kuwait, Saudi Arabia). The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit
http://www.strategyr.com/Personal_Computers_PC_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Follow us on LinkedIn
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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Luxury and Mega Yacht Manufacturing in the US Industry Market Research Report Now Available from IBISWorld. New Technologies and Wealthy Consumers Propel Revenue
Los Angeles, CA (PRWEB) January 12, 2012
The Luxury and Mega Yacht Manufacturing industry designs and constructs private leisure boats that are 70 feet or greater. Industry firms cater to some of the worlds wealthiest individuals, building new yachts that feature advanced nautical technologies, precision engineering, and top-of-the-line style and amenities. Yacht builders in this industry compete with foreign shipyards and a growing number of used luxury yachts on the resale market.
Over the five years to 2012, the industrys revenue is expected to decline at an average annual rate of 8.6%. According to IBISWorld industry analyst Kathleen Ripley, the decline is largely attributable to a significant downturn in 2008 and 2009, resulting from the recession and the global financial crisis. Demand for luxury boats plummeted in response to heightened unemployment, declines in disposable income and reduced consumer sentiment during the recession. In response, the industry changed its manufacturing processes, which cut costs and increased production efficiencies. In 2011, revenue began to recover, and this trend is expected to continue in 2012. From 2011 to 2012, industry revenue is expected to increase 7.1% to $ 939.8 million. The industry is benefiting from a swift recovery in spending among the wealthiest American households. Low interest rates and streamlined manufacturing operations have also supported industry growth.
Ripley adds that in the five years to 2017, industry revenue is projected to continue increasing at an average annual rate of 6.9%. The key factors underpinning future increases in demand include the continued economic recovery, growing international demand and continued interest in nautical technology and super yacht construction. Over the next five years, industry profit margins are expected to expand as a result of steady increases in demand and more efficient production.
The Luxury and Mega Yacht Manufacturing industry has a low level of concentration. The industry is fragmented and IBISWorld estimates that the top four major players account for less than 40.0% of US revenue in 2012. Market share concentration has decreased during the past five years as companies have faced financial hardship from the great recession, causing some to leave the industry. In the five years to 2012, the number of industry firms has decreased at an average annual rate of 3.2%. Many manufacturers that fell during the recession were taken over by financially stronger companies. In coming years companies will face changes in consumer preferences in addition to increasingly stringent safety and environmental regulations. External competition from luxury and mega yacht manufacturers in China and Italy will force many establishments to downsize or exit the market. Industry major players include Trinity Yachts Corporation, Westport Yachts and Christensen Yachts.
For more information visit IBISWorlds Luxury & Mega Yacht Manufacturing industry in the US
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This industry designs and manufactures luxury yachts and super yachts. Luxury yachts included in the industry range from 70 to about 148 feet in length. Mega yachts, which are also referred to as super, typically start at 150 feet in length. The industry produces yachts that are powered by sail or motor.
IBISWorld industry Report Key Topics
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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Global Financial Planning Services Market to Reach US$106.9 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) January 12, 2012
Follow us on LinkedIn Financial planning is the methodical approach enabling a person or business to achieve monetary goals through optimum deployment of resources. The sector encompasses diverse aspects of the financial needs of a person or business entity including investment and planning, cash flow and liability management, tax planning, risk management and insurance planning, estate planning, education planning, retirement planning and wealth management. Consumers avail these services through independent financial advisors (IFAs) and planners, as well as a host of financial institutions including banks, insurance companies, securities and fund houses, real estate managers and so on.
The collapse of global stock markets in 2008 & 2009 wielded a direct blow on the financial planning services industry, which was beset with issues, such as, significant deterioration in invested asset value, financial insecurity of clients, and high unemployment levels. With US and Europe, the two largest markets for financial planning services, reeling under the global economic downturn, the industry witnessed a slump during the period 2008-2010. Moreover, as central banks all over the world increased interest rates to contain inflation and currency fluctuations, investors turned cautious, fleeing towards relatively safer fixed-income assets and gold, besides questioning the quality of financial advice they received. At the same time, investors are shying away from relatively risky long-term assets such as real estate and equities, leading to a state of stagnation in the respective markets. This inevitably led to dip in revenues in the Financial Planning Services market triggering a spate of fee and staff cutbacks, and thereby broad consolidation in the global industry.
However, the financial planning services industry is currently making a strong comeback from the recessionary blues that redefined the fundamental approach to financial advice. Strong business growth potential exists for independent financial advisors (IFA) offering personalized approach for guiding clients through issues of unemployment, mounting debt, and financial losses. As a result, several financial advisory firms are strengthening existing IFA channels by recruiting and training advisers. World over, governments and regulatory bodies are implementing qualification and practice standards for IFAs such as CFP and MRDT memberships, as well as effecting changes in the structure of adviser fee. Advisory firms in the United States are eyeing the high-potential baby boomer segment comprising ageing and affluent individuals who require retirement planning.
Wealth managers are facing challenging times with high-net worth individuals (HNWIs) demanding active control over their investment portfolio, as well as personalized advice. Advanced software applications are coming to the aid of wealth managers in providing clients anywhere and anytime access to portfolio. Personalized service, quality of advisers and an attractive fee-structure are the new keys to survival in the highly competitive wealth management sector.
Another noteworthy trend is the growing number of companies offering employees professional financial planning services in addition to fringe benefits such as a company car, free dental care, gym membership, among others. Such practices aid in projecting the employee-friendly image of the company, while enabling employees in planning and implementing their financial goals. This also goes a long way in boosting employee morale, loyalty and productivity, as well as lowering staff turnover. Moreover, conventional pension plans offered to workers in the form of a corporate group plan, are often inadequate to meet the future needs of the employee. Expert financial planners on the other hand work with each employee and devise a plan suited for their requirements and earnings. Small and medium businesses (SMB) are a relatively untapped segment for the financial planning sector, given the dire need for financial planning in order to ensure the smooth flow of working capital and safeguarding against fluctuations in respective industries.
The research report titled Financial Planning Services: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Canada, France, Italy, UK, Spain, Australia, China, Hong Kong, Korea, Singapore, India, and Malaysia. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit
http://www.strategyr.com/Financial_Planning_Services_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Follow us on LinkedIn
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
###