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How Certificate of Deposit Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle
Certificate of Deposit Market Latest Edition Published with Forecast to 2028- May 9, 2023
- Investment Banking & Brokerage
In 2021, RBI issued the amendment circular for CDs. Under the amendment RBI increased minimum domination of CDs to 5 lakh and after it investors can invests in multiple CDs of Rs 5 lakh.
According to the report, Emerging Trend of Digital Sales of Certificate of Deposits in the Market is one of the primary growth factors for the market. Growing Popularity of Certificate of Deposits Due to Lower-risk Investment and Higher Yields Compared to Regular Saving Accounts is also expected to contribute significantly to the Certificate of Deposit market. Overall, applications of Certificate of Deposit, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End Users, such as Individuals, is boosting the Certificate of Deposit market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Sales Channel, such as Digital & Direct, is boosting the Certificate of Deposit market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Duration, such as Short-Term, is boosting the Certificate of Deposit market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Certificate of Deposit market identified that the demand is rising in many different parts of the world as "Availability of CDs at Various Maturity Terms and Types Will Create Significant Opportunities". Furthermore, some recent industry insights like "In 2022, Quontic Bank introduced a tap-to-pay mobile payment ring to the U.S. market.Customers can link the ring to one of Quontic's three market-leading checking accounts. and In 2020, Morgan Stanley announced the launch of CashPlus. The CashPlus Account has taken the position of the Premier Cash Management program. CashPlus, Morgan Stanley's next generation of cash management, brings a client's cash activities front and center while providing a plethora of benefits and a seamless digital experience." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Certificate of Deposit market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Certificate of Deposit market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Certificate of Deposit market size is calculated using market estimation process, the Certificate of Deposit market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Certificate of Deposit market size has been validated using both top-down and bottom-up approaches.
According to the report, Emerging Trend of Digital Sales of Certificate of Deposits in the Market is one of the primary growth factors for the market. Growing Popularity of Certificate of Deposits Due to Lower-risk Investment and Higher Yields Compared to Regular Saving Accounts is also expected to contribute significantly to the Certificate of Deposit market. Overall,
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Certificate of Deposit market identified that the demand is rising in many different parts of the world as "Availability of CDs at Various Maturity Terms and Types Will Create Significant Opportunities". Furthermore, some recent industry insights like "In 2022, Quontic Bank introduced a tap-to-pay mobile payment ring to the U.S. market.Customers can link the ring to one of Quontic's three market-leading checking accounts. and In 2020, Morgan Stanley announced the launch of CashPlus. The CashPlus Account has taken the position of the Premier Cash Management program. CashPlus, Morgan Stanley's next generation of cash management, brings a client's cash activities front and center while providing a plethora of benefits and a seamless digital experience." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Certificate of Deposit market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Certificate of Deposit market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Certificate of Deposit market size is calculated using market estimation process, the Certificate of Deposit market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Certificate of Deposit market size has been validated using both top-down and bottom-up approaches.
Craig Francis
PR & Marketing Manager