Market Insights Financial Wealth Management Digital Investment

Neobrokers - Ireland

Ireland

The Neobrokers market in Ireland is projected to generate a revenue of US$125.40m in 2024.
It is expected to experience a compound annual growth rate (CAGR) of 2.64% between 2024 and 2027, resulting in a projected total revenue of US$135.60m by 2027.
The average revenue per user in the Neobrokers market is estimated to be US$97.46 in 2024.
When comparing it globally, in Ireland does not reach the highest revenue in 2024.
In terms of assets under management, the Neobrokers market in Ireland is projected to reach US$13.22bn in 2024.
It is expected to grow at a CAGR of 2.63% between 2024 and 2027, leading to a projected total amount of US$14.29bn by 2027.
The average assets under management per user in the Neobrokers market is expected to be US$10.27k in 2024.
When compared globally, in Ireland does not have the highest assets under management in 2024.
The United States holds that position with US$323,100.00m.
In terms of user base, the Neobrokers market in Ireland is expected to have around US$323,100.00m users by 2027.
The user penetration rate, which represents the percentage of the population using Neobrokers market services, is projected to be 25.3% in 2024 and is expected to increase to 26.3% by 2027.
Neobrokers in Ireland are experiencing rapid growth as more millennials and tech-savvy investors seek accessible and user-friendly investment platforms.

Key regions: Canada, Switzerland, United States, Germany, United Kingdom

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.