Market Insights Financial Wealth Management Digital Investment

Neobrokers - Russia

Russia

The Neobrokers market in Russia is expected to witness significant growth in the coming years.
According to projections, the market's revenue is set to reach US$3,115.00k by 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate of 3.82% between 2024 and 2027, resulting in a total revenue of US$3,486.00k by 2027.
In terms of average revenue per user, the Neobrokers market in Russia is estimated to be around US$3.68 in 2024.
When compared globally, it is noteworthy that the highest revenue is expected to be generated elsewhere, not in Russia, by that time.
Moving on to assets under management, it is projected that the Neobrokers market in Russia will reach US$328.30m in 2024.
The market is also expected to witness a steady annual growth rate of 3.83% between 2024 and 2027, leading to a total assets under management of US$367.50m by 2027.
Looking at the average assets under management per user, it is anticipated that the figure will amount to US$388.20 in 2024 in the Neobrokers market in Russia.
However, when compared globally, it is interesting to note that in the United States is expected to have the highest assets under management, reaching a staggering US$323,100.00m in 2024.
As for the number of users in the Neobrokers market in Russia, it is estimated that there will be approximately 938.80k users users by 2027.
The user penetration rate, which measures the proportion of users within the total population, is projected to be 0.6% in 2024 and is expected to increase to 0.7% by 2027.
In Russia, the neobroker market is rapidly growing, with a surge in mobile trading platforms and increased adoption by younger investors.

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

Market

Region

Region comparison

Currency

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.