The stockbroking market size has shown rapid growth in recent years, expected to rise from $38.34 billion in 2023 to $42.22 billion in 2024, achieving a CAGR of 10.1%. This growth during the historical period can be attributed to the globalization of financial markets, the increase in retail investors, financial innovations, the proliferation of the Internet, and heightened financial literacy. In the coming years, the market is anticipated to expand to $62.37 billion in 2028, with a CAGR of 10.2%. This growth forecast is linked to the rising adoption of mobile trading applications, the expansion of robo-advisory services, sustainable investing, regulatory changes, and a growing focus on cybersecurity. Prominent trends expected to shape the market during this period include the integration of artificial intelligence and machine learning, increased involvement with blockchain technology, sustainable investing, financial inclusion efforts, and enhanced collaboration and integration with fintech companies.
Major Driver In The Stockbroking Market
The rising trading activity is anticipated to propel the growth of the stockbroking market going forward. Trading refers to the buying and selling of financial instruments, commodities, or goods to generate profit in various markets, including stocks, forex, and commodities. The surge in trading activity is driven by economic fluctuations, improved trading platforms, and increased investor participation. Stockbroking plays a crucial role in facilitating trading by providing access to markets, investment advice, and executing buy and sell orders for investors. For instance, in December 2023, the Office for National Statistics reported that in 2022, the proportion of UK quoted shares held by overseas investors reached a record high of 57.7%, up from 56.3% in 2020, continuing the long-term trend of increasing foreign ownership. Therefore, the increasing trading activity is propelling the growth of the stockbroking market, with expected increases through 2024 and into 2028.
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Stockbroking Market Competitive Landscape
Major companies operating in the stockbroking market are JPMorgan Chase & Co, Citigroup Inc., Wells Fargo & Company, Morgan Stanley, BNP Paribas SA, The Goldman Sachs Group Inc., UBS Group AG, Barclays Bank plc, Fidelity Investments, Charles Schwab Corporation, Credit Suisse Group AG, Merrill, Nomura Holdings Inc., LPL Financial Holdings Inc., RBC Capital Markets, T. Rowe Price Investment Services Inc., Interactive Brokers Inc., IG Group Holdings plc, Oppenheimer Holdings Inc., Hargreaves Lansdown plc, The Vanguard Group Inc., TradeStation, Canaccord Genuity Group Inc.
Key Stockbroking Market Trend
Major companies in the stockbroking market are focused on creating innovative solutions, such as stockbroking platforms, to gain a competitive advantage. A stockbroking platform is an online service that facilitates the buying and selling of securities, manages investment portfolios, and provides market information. For instance, in August 2023, PhonePe Private Limited, an India-based software company, launched the stockbroking platform Share(dot)Market. This platform seamlessly integrates with the PhonePe app, enabling users to trade stocks directly from their accounts. It offers user-friendly tools for tracking investments, real-time market data, and personalized recommendations, thereby enhancing the overall trading experience.
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Global Stockbroking Market Segmentation
The stockbroking market covered in this report is segmented –
1) By Trading Type: Short-Term Trading, Long-Term Trading
2) By Type Of Broker: Full-Service Brokers, Discount Brokers, Robo-Advisors
3) By Mode: Offline, Online
4) By Services: Order Execution, Advisory, Discretionary, Other Services
5) By End User: Retail Investor, Institutional Investor
By Geography:The regions covered in the stockbroking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the stockbroking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Stockbroking Global Market Report 2024 furnishes information about the global stockbroking market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
