Market Insights Financial Wealth Management Digital Investment

Neobrokers - United Kingdom

United Kingdom

The Neobrokers market in the United Kingdom is projected to reach a revenue of US$439.60m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2027) of 2.54%, resulting in a projected total of US$473.90m by 2027.
The average revenue per user in the Neobrokers market is estimated to be US$54.62 in 2024.
When compared globally, it is found that the highest revenue in the Neobrokers market is achieved by 0 ([globalrevenue_currentlayer_yeartoday_maxcountrynameprep] in 2024).
The assets under management in the Neobrokers market are projected to reach US$46.33bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2027) of 2.54%, resulting in a projected total of US$49.95bn by 2027.
The average assets under management per user in the Neobrokers market is expected to amount to US$5.76k in 2024.
From a global comparison perspective, it is shown that the highest assets under management are reached in the United States ( US$323,100.00m in 2024).
In the Neobrokers market in the United Kingdom, the number of users is expected to reach 8.31m users by 2027.
The user penetration rate will be 11.7% in 2024 and is expected to hit 11.9% by 2027.
The rise of neobrokers in the United Kingdom has revolutionized the investment landscape, providing easy access to financial markets for a new generation of tech-savvy investors.

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.